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CoinTerra and HashFast Sell $17M of Bitcoin Miners, Open Second Batch Sales

CoinTerra Today CoinTerra announced that it will begin selling its second batch of bitcoin ASIC miners for January delivery. CoinTerra is led by Ravi Iyengar, previously the lead CPU Architect at Samsung Corporation prior to founding CoinTerra. He has recruited a robust team of specialists and advisors including cryptography expert Timo Hanke and bitcoin expert Tuur Demeester. Their first batch is scheduled for delivery in December and included 2 TH/s (2,000 GH/s) TerraMiner IV units for $13,999, as well as individual 500 GH/s chips which were sold in bulk quantities. Using a similar pricing scheme as Bitfury, who offered customers …

Sep 12, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Hash Fast, PH, Ravi Iyengar, TH, Timo Hanke, Tuur Demeester

eASIC Announces 24 TH/s Fast-Hash Miner, ActiveMining Shares Move 70%

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. The full-blown bitcoin mining arms race continues, as the eASIC/ActiveMining partnership announced more details on their ASIC bitcoin miner line that tops out at 24 TH/s. ActiveMining is a publicly traded bitcoin mining company who has partnered with eASIC to develop a 28nm application specific integrated circuit (ASIC) chip. ActiveMining is the parent company of Virtual Mining Corp (VMC), which is the business entity selling mining products to consumers. To design and manufacture the chips they teamed up with eASIC, a semiconductor company that’s …

Sep 6, 2013 Posted by Phillip Archer In Mining, News, Trading Tagged ASIC, Bitcoin Mining Dashboard, GH, KNC, TH, Virtual Mining Corp, VMC

Cointerra Announces 2 TH/s ASIC Bitcoin Miner

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, Cointerra announced the TerraMiner IV: a 2 TH/s ASIC bitcoin miner retailing for $15,750, with a forecast shipping date in December. Cointerra is lead by Ravi Iyengar, who previously worked as lead CPU architect for Samsung, according to Cointerra’s website. The 2 TH/s miner will be powered by 4x28nm ASIC chips running at 500 GH/s each. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. ASIC nodes are measured in nanometers (nm) and smaller nodes allow for faster and more …

Aug 18, 2013 Posted by Jeff Schvey In Mining, News Tagged ASIC, Avalon, BFL, KNC, TH

56.4 TH/s of Avalon Bitcoin Mining ASICs Reportedly Held Up in Customs

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, after several weeks of silence on the status of the 10,000 chip bulk orders, Yifu Guo posted on Avalon’s web site a story of extortion in china. Several weeks ago a team member’s personal information was identified and family members were intimidated. Reportedly, the malicious party was threatening Avalon team member’s safety if their demands for payment were not met. The radio-silence during was attributed to their evaluating potential solutions and implementing new security procedures. Also included in this report is an update on …

Aug 9, 2013 Posted by Phillip Archer In Mining, News Tagged Avalon, network speed, PCB, TH

Cointerra 500 GH/s Chips, Alydian 10 TH/s Hosting, and IceDrill IPO Set Out To Change Bitcoin Mining Landscape

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. As money continues to pour into bitcoin mining investments, this week has seen a series of announcements from new companies offering a broad spectrum of opportunities for market participants. With promises ranging from massive improvements in bitcoin ASIC chip specs to fully managed ASIC farms with profit sharing plans, the bitcoin network may be set to change not only in total speed, but in concentration of hashing power as well. Cointerra announces 28nm chip specs After posting information about their well-credentialed team on their website …

Aug 8, 2013 Posted by Phillip Archer In Businesses, Mining, News Tagged ASIC, investment, Peter Vessenes, price, TH

Latest Shipment of Avalon ASICs Could Increase Bitcoin Network Hashrate By 500%

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. As TGB forecast back in May, the first shipments of Avalon’s ASIC chips have started arriving. Images were posted on BTCMan.com and the bitcointalk.org forums showing large quantities of chips arriving at a warehouse. The photographs were release by Fujian Yan Tan, a retailer of Avalon ASIC boards, who plans to resell the ASIC chips after mounting them in the boards. Low estimates for Avalon’s total shipped mining speed range from 105 TH/s to almost 1,000 TH/s. Low Estimates Are 105 TH/s, Likely Much Higher Although slightly …

Jul 11, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Avalon, Bitcoin, Bitcoin Mining Dashboard, Creation, Lucrative Business, network speed, TH

10,000s of Avalon ASICs Set to Rival ASICMiner in July

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. One of the least discussed mining opportunities is Avalon’s ASIC chip bulk sales. ASIC chips are the customized component that performs hashes in bitcoin mining. These are the same ASICs they used to build their first three batches of ASIC miners. Avalon is moving away from the direct to consumer business model, and instead selling their chips directly to distributors. Distributors are buying 282 MH/s ASIC in lots of 10,000′s – 2.82 TH/s per lot – for 780 btc. The large-scale sale of these chips will enable …

May 21, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Avalon, Bitcoin Mining Dashboard, MH, TH

39 TH/s are About to Join the Bitcoin Network

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. According to reports on bitcointalk.org, Avalon ASIC miner orders from early February have started shipping. These miners run at over 65 GH/s, so the rapid increase in mining difficulty is not likely to slow down any time soon. The 600 miners in batch two will add an estimated 39 TH/s to the bitcoin network that’s already considered one of the world’s fastest supercomputers. Avalon initially estimated a shipping date of April 15th, so these are being delivered one month late. I’m sure most customers are …

May 15, 2013 Posted by Phillip Archer In Mining, News Tagged Avalon, Bitcoin Mining Dashboard, Bitcoin Network, BTC, GH, TH

Bitcoin ASIC Mining – 300 MH/s for 1.99 BTC

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Friedcat, CEO of ASIC Miner, continues to be the most reliable producer of bitcoin mining hardware in the world. He teased about creating a USB-powered miner earlier this year, and has just announced experimental versions of the hardware. Pricing is 1.99 BTC per 300 MH/s, with a minimum order size of 300 devices. At current mining difficulty, this device would return approximately 0.01 BTC per day. Given that most of these will probably not reach retail computers for another month, the return will likely be …

May 4, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC Miner, BTC, LED, PCB, TH, USB

Bitcoin Mining Round 2 – ASIC Miner auctions 50 blades

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Update: The auction has completed, and the 50 blades sold in a price range of 50-65 BTC each. Following news that ASIC Miner will be more than doubling it’s hashing power to 15 TH/s over the next 7 days, Friedcat announced a second auction of ASIC blades. Like the last set, these will be clocked at 10 GH/s each. Given that the last batch took 4 days to ship from the end of the auction, this is the fastest and most reliable method for buying …

Apr 27, 2013 Posted by Phillip Archer In Featured, Mining, News Tagged ASIC, ASIC Miner, BTC, price, Quick Installation, TH