It is our belief that offering high hash-rate at lowest possible power consumption will be profitable until 3rd Gen ASIC, due to the fact that at a certain point only the miners with the lowest power consumption per GH/s will be able to provide ROI.

Thus less profitable miners will to a large extent stop mining and difficulty will adjust to a point where just as it was true for CPU/GPU and soon Gen 1 ASIC profitability will be assured only with the latest generation of ASIC miners.

Since the TerraMiner series will lead the Gen 2 ASIC technology race when it comes to hash power per kW/h we believe our customers will enjoy ROI for quite some time.

1. We are very much 'legit' and have an office in Austin as listed on our website. We have recently had several people drop by our office to say hello and meet our team.
2. Without speculating in exact BTC output, it stands to argue that whoever mines with the highest hash-rate/power consumption ratio will see ROI for quite some time as older and less profitable miners leave the network. Of course Diff cannot exponentially increase past what any hardware can profitably mine, as was seen when GPU made CPU mining obsolete and now with ASIC making GPU mining obsolete.

The mock-tape out is already made and we will be taping out shortly. Everyone can expect reports closer together in the near future as we get closer to chip production and other major events. We are still very much on track for our presented delivery time.

Dear senseless: On behalf of CoinTerra I would like to apologize for the misunderstanding and immediately correct this statement. This answer was supplied by a customer service intern that was not fully briefed on our refund and warranty policies. Will will be contacting you immediately to resolve the issue.

Thank you for bringing this to our attention.

- The CoinTerra Team

The chip will consume less than 300w, for a performance of 504 Gh/s. The fact that we have packed so much performance into a single chip dictates we find a great cooling solution as well. About 20% of our chips can run as high as 720 Gh/s at higher clock frequencies. We want to provide a cooling solution which can allow customers to take advantage of these super high hash rates.

Our site is back up and running at 100%. Thank you for your support and patience.

Yes, our site has been under attack all morning. We are taking the site offline for now and will be implementing additional security measures before bringing the site back online.

Thank you for your patience.

~CoinTerra Support

Dragonkid,

Due to circumstances outside of our control, we have been forced to suspend accepting payments through PayPal.

I apologize for any inconvenience this is causing you, but we are working on getting an alternate credit card processor as soon as possible.

We are still accepting BitCoin and wire transfer, and since the availability is limited, we encourage our customers to secure payment through one of these methods to ensure your place in queue.

Regards,
CoinTerra Support

The Backend process has been going on for weeks. Functional verification is long done.
It is not a serial process. We are taping out 1st week of Oct.

Yes, you are always welcome to visit us in Austin!

Yes, we absolutely plan to offer a hosting solution for our customers. We are currently in discussions with multiple hosting providers and will select a list of approved partners in the next few weeks.

We will offer these hosting options to all of our existing and future customers.

We have recently released a new video demonstrating a working FGPA, as well as additional GoldStrike1 ASIC chip details.

To watch the video and read the full release, please head to http://cointerra.com/cointerra-demonstrates-working-fpga-releases-additional-chip-details/ .


If you can't wait and just want the GoldStrike ASIC specs, here they are!

Global Foundries: 28nm HPP process.Clock-speed: 1.4 GHz (min binning speed) to 2 GHz (max binning speed)

Die size: 3 dies of 10x10 mm for a total of 300 sqmm.

Hash rate: 504 GH/s to 720 GH/s based on binning speed

Hashes per sq mm: 1.68 GH/s/mm2 to 2.4 GH/s/mm2

Power consumption: <0.6 watts/GH/s (@ 0.765 volts)

Architecture: pipelined unrolled hashing units

Tape-out due: 1st week of October

System cooling:  Custom designed liquid cooling by CoolIT Systems capable of 400 watts per chip, though the chip will not exceed 300 watts in normal operating condition. incorporating  3x high speed 12cm fans with 4U sized radiator at the back.  System box was recently upgraded from 2u to 4u to allow for larger fans and radiator to provide significant increase in cooling capacity and reduced fan noise  - 12cm fans are much quieter than 9cm fans.

Logistics: By design, all suppliers (excluding ASIC), including PCB design, board and box assembly provided locally in Austin to reduce shipping delays of parts between locations and eliminate delays due to logistics or customs.

Significant payments made to fab to expedite process from usual 90+ days to 65 days.

Chips expected back, early December.

Systems expected to begin shipping to customers, Mid December.


If you have any questions, you can always reach us at info@cointerra.com or 512-270-6050.


Best Regards,
CoinTerra Team

Hello Bitcoin Mining Enthusiasts,

It is our goal at CoinTerra to provide the best customer experience to the Bitcoin community. We understand that trust and credibility go a long way, which is why we are proud to announce that as of today, we are now accepting PayPal and credit cards for all orders.

Please visit cointerra.com/shop to see our newly announced 1TH TerraMiner II and the 2TH TerraMiner IV from our January batch.

We look forward to your business and if you have any questions, please get in touch with us.

You can reach us by phone at 512-270-6050 or at info@cointerra.com.

Best Regards,
CoinTerra Team

Hi TesterX,

We've received several orders already from customers using the coupon code, so it is functional.

Please note that the code only works if you use the email address with which you placed your original order, and that it only can be used once on single 2nd batch orders.

Don't hesitate to contact us at support (at) cointerra.com if the issue persists.

We have updated our FAQ and product details in the web shop with additional silicon details :-

Global Foundries 28nm HPP
FCBGA Package
1.4GHz clock frequency yielding a minimum of 500 GH/s
0.765V
State-of-the-art Liquid Cooling System

CoinTerra is pleased to announce a new 1 TH/s bitcoin mining product available in the January batch - TerraMiner II available for $3499.  

Also available is the TerraMiner IV retailing for $5999 in the January batch - the first mining equipment available anywhere to break the $3 per Gigahash barrier!

Both products feature CoinTerra's 500 GH/s GoldStrike1 chip, which is already the fastest chip announced in the Bitcoin market. Physical Design results for GoldStrike1 show that some of these chips can perform as high as 700 GH/s. At the time of delivery customers may be offered an option to upgrade their TerraMiner for a small charge, further lowering the cost per Gigahash.

http://cointerra.com/shop/

We have also announced some additional GoldStrike1 chip specs :-

Global Foundries 28nm HPP
FCBGA Package
1.4GHz clock frequency yielding a minimum of 500 GH/s
0.765V
State-of-the-art Liquid Cooling System

Hi Mokahless and others,

We certainly understand the desire for photographs of our products, but unfortunately, just like our competitors, we cannot provide more than a render or mockup until the actual production has taken place. Our chips will come back from the fab in december, which is when their actual final photographs will be published.

Thanks for bringing this to our attention.

This was an issue with the UPS API that has now been solved. The problem occurred when people placed orders for more than one TerraMiner.

We've gone through our order list to make sure nobody paid too much. We are not flawless, so if you think you may have been overcharged on your order, send us an email and we'll look into it.

Best wishes CryptX for a successful IPO!