CoinTerra Ships 1, 000th Miner, Powers 6% of Bitcoin Network
CoinTerra has good reason to pauze out the champagne today. The Texas-based mining uitrusting has announced the shipment of its 1,000 th mining equipment and it claims that CoinTerra hardware is now powering 6% of the Bitcoin network.
The company says that overheen the course of four weeks its miners accounted for 1.7 petahash of bitcoin mining vertoning, slightly more than 6% of the entire network.
Fresh TerraMiner IV batches on schedule
CoinTerra says its 2nd manufacturing facility is now operating at utter capacity and that it is churning out the February batch of orders. Further batches of TerraMiner IV equipments are on track and they should be delivered on schedule. The very first batch wasgoed shipped a month ago. Ravi Iyengar, CoinTerra’s CEO, said:
“Wij transferred overheen the very very first TerraMiner to a customer at the end of January and now I am very pleased to say that wij have shipped overheen 1,000 TerraMiners and are at utter production volume.”
It should be pointed out that the CoinTerra IV launch did not go spil sleekly spil planned. A few weeks ago it emerged that production units were falling brief of the promised 2TH/s mark. They were running at 1.63TH/s to 1.72TH/s and they consumed inbetween 1900W and 2100W rather than 1650W spil projected by the designers.
At the time, Iyengar admitted the equipment wasgoed somewhat under spec. He added that the company is already working on improvements to address the spectacle punt and bring it up to spec.
It shows up that spectacle wasgoed affected by power circuit inefficiencies on the boards, not the GoldStrike I ASIC used ter the equipments.
CoinTerra likes to point out that its mining hardware is engineered te Austin and assembled ter Central Texas, making it a proud member of Austin’s “Silicon Hills” tech community. The company also announced that it will be sponsoring the Texas Bitcoin Conference, which takes place on March Five th and 6 th ter the Circuit of the Americas. Paul Snow, Voorzitter of the Texas Bitcoin Association, said:
“The world-wide Bitcoin community will be heading to Austin next week for the inaugural Texas Bitcoin Conference and wij could not wish for a more suitable headline sponsor than Austin’s very own CoinTerra.”
The company is presently taking orders for the latest latest batch of TerraMiner IV miners, spil well spil the and the recently announced GSX I water cooled PCIe card for PC miners.
The GSX I is a 400GH/s unit based on a single GoldStrike I chip. The card is expected to ship ter June 2014 and if you toebijten to order a TerraMiner IV it should also ship te June.
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