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CoinTerra™ breaks $1 GH/s barrier with next-generation Bitcoin mining contracts

AUSTIN, Texas, Aug. 20, 2014 /PRNewswire-USNewswire/ -- CoinTerra, the market leader in Bitcoin mining solutions today announced mining contracts with pre-order prices as low as $0.99 per GH/s for 12-month hosted full service Bitcoin mining contracts through CoinTerra Mining.

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.

After becoming the first Bitcoin mining company to offer 1 PH/s investment grade mining contracts with immediate availability, CoinTerra now opens pre-orders for mining contracts priced as low as $0.99 per GH/s with a December 29th start date.

This extremely competitive pricing is made possible through the expected introduction of CoinTerra's next generation Bitcoin mining hardware: the AIREMiner™ which will utilize CoinTerra's highly scalable TruePeta™ architecture for high performance enterprise level Bitcoin mining.

The TruePeta architecture was developed around the proven TerraMiner™ IV hardware platform and will through the introduction of the AIREMiner™ see massive gains in hashing performance as well as power efficiency.

"With the AIREMiner product launch only months away, CoinTerra is now in the unique position of being able to open pre-orders for fully-hosted Bitcoin mining contracts at an unbeatable price-per-gigahash." said Ravi Iyengar, CEO - CoinTerra, Inc.

CoinTerra's new pre-order Bitcoin mining contracts offer a range of performance plans, ranging from 12-month, 2 TH/s mining contract priced at $3,500 up to a 1 PH/s, 12-month contract for $990,000 — an amazing $0.99 per GH/s for a fully-hosted investment grade Bitcoin mining contract.

Mining contract customers are able to combine multiple contracts to create a personalized hash power plan. After the mining contract is activated, customers receive weekly payouts to their Bitcoin wallet address, based on the hash power of the customers' mining contract(s).

"When we were developing the TerraMiner IV last year $3/GH was our target for standalone hardware. Now, just one year later we are able to offer fully hosted mining contracts at a fraction of that price." said Dr. Timo Hanke, CTO – CoinTerra, Inc.

To pre-order a CoinTerra Mining bitcoin mining contract with a December 29th start date, visit: https://mining.cointerra.com/shop

Visit CoinTerra on the web:    https://cointerra.com 
Follow CoinTerra on Twitter: https://twitter.com/cointerra

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, produces, and operates systems that power the Bitcoin blockchain network.

CoinTerra's state-of-the-art design methodologies and advanced architectures enable the delivery of enterprise level Bitcoin mining solutions with the highest performance and lowest total cost of ownership 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®.

CoinTerra, the CoinTerra logo, TerraMiner, TruePeta, AIREMiner and Shiva 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.

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SOURCE CoinTerra

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