CoinTerra Ships 1000+ TerraMiners and adds new product, the PCIe 400GH/s Card

[bitcoinreviews]

Good news for CoinTerra customers,  

CoinTerra™ ships its 1,000th TerraMiner™ Bitcoin miner. Now powering over 6% of the Bitcoin network.

http://www.prnewswire.co.uk/news-releases/cointerra-ships-its-1000th-terraminer-bitcoin-miner-now-powering-over-6-of-the-bitcoin-network-247553171.html



AUSTIN, Texas – 02/27/2014

CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has passed a major milestone, having shipped its 1,000th TerraMiner less than one month after delivering the first TerraMiner to a customer.

In less than four weeks, TerraMiners already account for over 1.7 Petahash of Bitcoin mining performance, which is more than 6% of the entire Bitcoin network.

With a second manufacturing facility now operating at full capacity, CoinTerra is rapidly working through its February batch of orders, and is now on track to deliver further batches of TerraMiner IV orders to customers on schedule.

“We handed over the very first TerraMiner to a customer at the end of January and now I am very pleased to say that we have shipped over 1,000 TerraMiners and are at full production volume.” said Ravi Iyengar, CEO – CoinTerra, Inc.

Engineered in Austin, and assembled in Central Texas, the TerraMiner is a shining example of the leading-edge innovation and rapid development which are the cornerstone of Austin’s “Silicon Hills” technology community. Further cementing its position as a leading Austin-based startup, CoinTerra is proud to be the headline sponsor of the forthcoming Texas Bitcoin Conference, taking place on March 5th and 6th at the Circuit of the Americas.

“The world-wide Bitcoin community will be heading to Austin next week for the inaugural Texas Bitcoin Conference and we could not wish for a more appropriate headline sponsor than Austin’s very own CoinTerra.” said Paul Snow, President of the Texas Bitcoin Association.

CoinTerra is now taking orders for the latest batch of TerraMiner IV miners, and the recently-announced GSX I™ PCIe card for system builders and hobbyists, both scheduled for June 2014 delivery.


To order a TerraMiner IV or GSX I visit: https://cointerra.com/shop

Visit CoinTerra on the web: https://cointerra.com

 

About CoinTerra™

Founded in Austin, Texas in mid-2013, CoinTerra is currently one of the fastest-growing technology startups in the world. CoinTerra designs and produces best-in-class ASIC processors and systems for high-performance financial technology applications, with an initial focus on cryptocurrency and the Bitcoin ecosystem. Our state-of-the-art design methodologies and advanced architectures enable the delivery of Bitcoin mining solutions with the highest performance ASICs available on the market today. CoinTerra boasts a highly experienced engineering team of semiconductor architects and designers who have previously designed some of the world’s highest performance CPUs, GPUs, SOCs and chipsets for Apple®, Intel®, Nvidia®, Qualcomm® and Samsung®.

[CaptEmulation]

That is an impressive amount of hashing power delivered to the network with much more to come

[S4VV4S]

That is an impressive amount of hashing power delivered to the network with much more to come

This is not an impressive amount added to the network.

You will see no difference in the overall hashing power as these miners were hashing from before.

Didn't you notice the drop of % for the unknown miners?

[etherdeath]

The hash rate is increasing.  How do you know these aren't part of that?

[CaptEmulation]

This is not an impressive amount added to the network.

You will see no difference in the overall hashing power as these miners were hashing from before.

I don't understand what you are trying to say.  Before when?  Are you saying that anyone who has been hashing for more than some unspecified amount of time is automatically not impressive?  Are you just trying to make a jab at hardware companies running their own hardware on the network?  Or are you just sad to see your own mining efforts diminished?  You do realize that 6% is only a beginning and cointerra has months and months of backlogs to ship and so they will either maintain or grow their hashrate contribution?.  Also, their water cooled single chip solution is pretty sexy.

[S4VV4S]

This is not an impressive amount added to the network.

You will see no difference in the overall hashing power as these miners were hashing from before.

I don't understand what you are trying to say.  Before when?  Are you saying that anyone who has been hashing for more than some unspecified amount of time is automatically not impressive?  Are you just trying to make a jab at hardware companies running their own hardware on the network?  Or are you just sad to see your own mining efforts diminished?  You do realize that 6% is only a beginning and cointerra has months and months of backlogs to ship and so they will either maintain or grow their hashrate contribution?.  Also, their water cooled single chip solution is pretty sexy.

What I am saying is have a look at the hashing power and how it was and now is distributed.
That's all.

AND YES, MANUFACTURERS DO USE YOUR AND MY EQUIPMENT TO MINE BEFORE THEY SHIP IT TO US!!!!

Nothing new there....