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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 Comments 6

Venture Capitalists Offer Their View On Bitcoin’s Growth Potential and Social Impact

The first panel discussion at today’s Inside Bitcoin conference featured an array of investors from both the digital currency space and more established financial institutions. In addition to offering insight into what they look for in potential investments, they were also given an opportunity to opine on why bitcoin has immense potential for positive social impact. The panelists included: Thompson Clark – Editor, Agora Financial Tuur Demeester – Author, MacroTrends Pamir Gelenbe – Venture Partner, Hummingbird VC Abelardo Mendez – Director, Knight Capital Group Brock Pierce – Executive Chairman, Playsino Drew Little – Founder, The Illuminated Ventures Project (moderator) What …