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CoinDesk – CoinTerra Ships First Terahash Bitcoin Mining Rig
February 10, 2014, CoinTerra in News Leave a comment
INFORMATION UPDATE: CoinTerra.com Security Breach
By: Nermin Hajdarbegovic
CoinTerra announced today it has finally started shipping its highly anticipated TerraMiner IV professional rigs. The TerraMiner IV is the first professional miner to break the one terahash per second barrier.
It is based on CoinTerra’s new GoldStrike I processor, which the company describes as the most powerful SHA256 ASIC ever released. Its peak performance stands at over 500 gigahashes per second on a 28nm chip, built by GlobalFoundries.
“Handing over the first TerraMiner marks a major milestone for CoinTerra. It goes to show that through hard work and determination with the right team in place, great things can be accomplished in an incredibly short timeframe,” said Ravi Iyengar, CEO of CoinTerra, Inc.
The GoldStrike I is said to be clocked at 1.4GHz and up to four will be used in TerraMiner units. The chips run at 0.765 volts and, since it uses the latest Globalfoundries 28nm high performance plus node, the unit should be rather efficient as well. The same process is used in AMD’s latest Kaveri processors, which launched earlier this month. This means miners are getting cutting edge technology, as 20nm high performance nodes are still unavailable. The first 20nm ASIC rig should be KnCMiner’s new Neptune, when it comes to market.
Manufacturing process
“We are delighted to be the silicon supplier and physical design house for CoinTerra’s industry leading TerraMiner platform,” said Asim Salim, VP Operations for Open-Silicon.
“Manufactured on GlobalFoundries 28nm technology node, the silicon was delivered in a special custom package with testing completed in an unprecedented cycle time of 49 days from tapeout.”
Each TerraMiner IV rig features two PCBs with two GoldStrike I chips each. The rig employs two separate water cooling systems, one for each PCB. The heat exchangers feature three fans, while a couple of fans are mounted at the front of the rig to ensure plenty of airflow.
The TerraMiner IV is priced at $5,999, but CoinTerra says its order books are filled through April 2014. Only the sixth batch can be pre-ordered, with shipments scheduled for May 2014. If you are interested, you can check out the CoinTerra online shop for details.
http://www.coindesk.com/cointerra-ships-first-terahash-bitcoin-mining-rig/Chips are 500GH/s each and every terraminer has 4 chips, so the miner will be 2TH/s and not 1.6 as many people said without knowJust and FYI 1.6 is a fair estimate as the article you are quoting is wrong per cointerra's own website updates. This is the news update direct from CoinTerra's own mouth:
DATELINE 1/28/2014
When we founded CoinTerra in the summer of 2013 we set out to revolutionize the Bitcoin mining hardware industry by designing an innovative Bitcoin mining ASIC that delivers truly exceptional performance. The anticipation has been intense, and less than six months later we’re excited to say that this week we have started to ship the first production units to our early customers. We have realized the goal of building the highest performance standalone Bitcoin miner which delivers the lowest price per gigahash on the market.
Despite the power efficiency issues detailed in our previous status update, the production TerraMiner IV delivers unprecedented performance and value:
1.63-1.72TH/s performance for the TerraMiner IVLowest price per GH available on the market
The fastest self-contained Bitcoin miner in the world
We believe that it is in our customers’ best interest to receive hardware as soon as possible, so we will begin shipping our initial production TerraMiners immediately. The first units should start arriving at customers later this week as we ramp up towards volume production.
In consideration of the above, we are offering our January and February batch retail customers (orders placed at the cointerra.com website store) a coupon redeemable against their next order for the performance discrepancy of our first run of TerraMiners. January and February batch retail customers may choose one of the following two options:
1. For January or February batch retail customers who wish to receive their TerraMiner order in the currently-shipping specification we will offer a 15% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store. If a January or February batch retail customer chooses to accept their order as-is they will automatically receive this coupon.
2. We understand that some January or February batch customers may wish to request a refund, in which case we will offer a full refund of US dollars received for their order. Customers wishing to request a refund should contact
support@cointerra.com with their unique order ID. For those customers who choose the refund option we would like to extend the offer of a 5% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store.
For our March and later batch customers we will of course assess the situation before shipping and in the meantime we shall continue to work on resolving the remaining power efficiency issues. We also have some exciting announcements lined up for the near future which we hope to share with you soon!
Sincerely,
Team CoinTerra
The actually announcement can be found here:
http://cointerra.com/update-production-news-janfeb-batch-customer-offer/Again this is just an FYI, but this is where everyone is getting the 1.6 TH information from. I for one would believe the manufacturer and not an article on the internet making another claim.
