CoinTerra Is Now Offering Bitcoin Mining Contracts Out Of Their State-Of-The-Art Datacenter
CoinTerra's Ravi Iyengar. CoinTerra today announced the immediate deployment of their state-of-the-art tier-3 compliant datacenter. From this data center, CoinTerra plans to offer Bitcoin mining contracts to individuals around the world whom are unable to mine in their own homes due to constraints with mining hardware imports, high electricity costs, or nagging wives. They are offering contracts as small as 12 months at 200 GH/s for $999 all the way up to 24 months at 1 PH/s. According to Dr. Timo Hanke, CTO of CoinTerra, Inc., CoinTerra has a distinct advantage over its competitors:....
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Austin, Texas-based CoinTerra has announced on Monday mining contracts, in a move that will see the popular mining hardware producer enter the cloud mining realm. The company, who says they've delivered over 10 petahash of bitcoin mining hardware to customers (which powers 15 percent of the bitcoin network), announced plans ranging from 200 GH/s to above 1 PH/s. The company says they're able to offer these plans below industry averages. "Many prospective Bitcoin miners don't have the space or power requirements to operate their own Bitcoin mining hardware, especially at scale. In addition,....
Bitcoin mining ASIC processor and systems manufacturer CoinTerra has announced it will offer hosted mining contracts. The Austin-based company says customers can now purchase plans ranging from 200 gigahashes (GH/s) to more than 1 petahash (PH/s) with immediate deployment. CoinTerra framed the move as an extension of its mission to bring bitcoin mining to more consumers around the globe. Ravi Iyengar, CoinTerra's CEO, explained: "Many prospective bitcoin miners don't have the space or power requirements to operate their own bitcoin mining hardware, especially at scale. In addition, some....
Succeeding in the cryptocurrency mining industry over the long term may require thinking outside of the box. It takes creativity to rise above the rest and survive in such a fast-moving industry. New ideas such as permacoin, which uses proof of work to store archival data, could be an example of this. The recent Chapter 11 bankruptcy filing from San Francisco-based hardware designer HashFast is also significant. It's clear that major investment like the BitFury funding round or key partnerships like the creation of PeerNova are needed in order to ensure viability. With that said, let's....
The mining company Cointerra has announced its official launch today, offering what may be the most advanced Bitcoin mining hardware currently on the market. The company's signature miner, the 2-TH/s TerraMiner IV, is seeing its price reduced from $15,750 to $14,000, or a mere $7 per GH/s - ten percent less than what appears to be its main competition, the Butterfly Labs Monarch at $7.8 GH/s. Large-scale and industrial buyers will also be interested in its batch chip sales, offering the 10 TerraHash package for $57,400 ($5.74 per GH/s) and the 25 TerraHash package for $139,750 ($5.59 per....
Having more or less completing development on their large Terraminer unit capable of 2 TH/s for a sum of $5,999, CoinTerra recently announced their GSX I Bitcoin mining solution. CoinTerra is currently accepting preorders on the GSX I only, with expected delivery to be in June of 2014. CoinTerra's CEO Ravi Iyengar had this to say: "Having delivered the TerraMiner, the most powerful Bitcoin miner ever released, we decided to turn our attention to designing an affordable solution for the folks who kick-started the mining revolution - enthusiasts and hobbyists looking for an affordable path....