Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today Cointerra released more information on their ASIC bitcoin miner product line, as well as a more competitive pricing on the 2 TH/s miner. Cointerra is led by Ravi Iyengar, who was lead CPU Architect at Samsung Corporation prior to founding Cointerra. He has recruited a robust team of specialists and advisors including their most recent announcement of Timo Hanke as their Lead Cryptographer, who brings with him 15 years of research experience in computer algebra and number theory. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations and have been rapidly changing the mining landscape. Disclosed in Cointerra’s announcement is that they will be producing 2 PH/s (2,000 TH/s) worth of chips; at 500 GH/s per chip this amounts to 4,000 ASIC chips in their first run. Considering the current network hash rate is approximately 500 TH/s this amounts to 4x the current network speed, though they do not…
The post Cointerra Expects to Deliver 2 PH/s of ASICs in December appeared first on The Genesis Block.
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today Cointerra released more information on their ASIC bitcoin miner product line, as well as a more competitive pricing on the 2 TH/s miner. Cointerra is led by Ravi Iyengar, who was lead CPU Architect at Samsung Corporation prior to founding Cointerra. He has recruited a robust team of specialists and advisors including their most recent announcement of Timo Hanke as their Lead Cryptographer, who brings with him 15 years of research experience in computer algebra and number theory. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations and have been rapidly changing the mining landscape. Disclosed in Cointerra’s announcement is that they will be producing 2 PH/s (2,000 TH/s) worth of chips; at 500 GH/s per chip this amounts to 4,000 ASIC chips in their first run. Considering the current network hash rate is approximately 500 TH/s this amounts to 4x the current network speed, though they do not…
The post Cointerra Expects to Deliver 2 PH/s of ASICs in December appeared first on The Genesis Block.
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