CoinTerra start shipping!

Hot on the heels of an announcement from CoinTerra updating their Engineering and Production Status of their bitcoin mining devices it seems that not only are they shipping, but at least one lucky Reddit customer is up and hashing.

All is not perfect with the miners though, while originally the TerraMiner™ IV was meant to mine at a blazing 2 TH/s bitscavenger, the Reddit user reporting that he has one says the miners typically run at approximately 1.7TH/s.

In the Engineering and Production update CoinTerra admit the shortcomings of their miners stating;-

The production units that we have assembled and tested so far are running at between 1.63TH/s and 1.72TH/s with power draw at the wall between 1900W and 2100W – typically 20% higher than our anticipated target of 1650W but still sufficient to operate in a typical US home (110V) plugged into two outlets on separate 15A circuits, or in a typical European home (230V) on a single circuit.

Additionally the announcement comes with an image of the CoinTerra Team handing over the very first unit to Jake Gostylo.

[caption id="attachment_2910" align="alignnone" width="1024"] “As a long-time Bitcoin miner, I’m incredibly excited to be the first person in the world to get my hands on a production TerraMiner. The performance blows away anything I’ve mined with before” said Jake Gostylo.[/caption]

CoinTerra have extended an olive branch to people with December and January pre-orders to compensate for late delivery and under performance in a follow up email.  The two options available are;-

• For January or February batch retail customers who wish to receive their TerraMiner order in the currently-shipping specification we will offer a 15% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store.  If a January or February batch retail customer chooses to accept their order as-is they will automatically receive this coupon.

• We understand that some January or February batch customers may wish to request a refund, in which case we will offer a full refund of US dollars received for their order. Customers wishing to request a refund should contact [email protected] with their unique order ID. For those customers who choose the refund option we would like to extend the offer of a 5% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store.

As of yet, there is no news about the sold out TerraMiner II – 1TH/s miners also supposed to be delivered in December and January but if you are curious I have asked a question on their forums if you would like to wait for a response with me.