Welcome!

News Feed Item

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

AUSTIN, Texas, Feb. 27, 2014 /PRNewswire/ -- 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.

CoinTerra's TerraMiner IV, The World's Fastest Bitcoin Miner.

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
Like CoinTerra on Facebook: https://facebook.com/cointerra
Follow CoinTerra on Twitter: https://twitter.com/cointerra

Press inquiries please contact:
Daniel Larsson, Press Officer
+1 (512) 270-6050
[email protected]

General inquiries please contact:
+1 (512) 270-6050
[email protected]

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®.

© 2014 CoinTerra, Inc. All rights reserved. CoinTerra, the CoinTerra logo, TerraMiner, GoldStrike and GSX I are trademarks of CoinTerra, Inc. in the U.S. and other countries. Other trademarks belong to their respective owners. Features, pricing, availability and specifications are subject to change without notice.

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. Inc. http://cointerra.com.

Photo - http://photos.prnewswire.com/prnh/20140128/MM54190-b
Logo - http://photos.prnewswire.com/prnh/20140128/MM54190-c

SOURCE CoinTerra

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...