CoinTerra Ships 5,000th TerraMiner, Offers 20% Discount

Texas-based mining hardware manufacturer CoinTerra has managed to ship its 5,000th TerraMiner just ten weeks after launching full-scale production. The hardware manufacturer shipped the 1,000th unit in late February. At the time, CoinTerra said its kit powered 6% of the bitcoin network.

However, with 4,000 additional TerraMiner units in the wild, the company's hardware now accounts for more than 15% of the entire network, or roughly 8 petahash of power.

The company shipped its first TerraMiner in late January – claiming that further batches of TerraMiner IV rigs were on schedule.

March orders were fulfilled and the company now says it has shipped the April batch of orders to customers ahead of schedule. CoinTerra is now selling its new miners from stock.

Discounted miners straight from stock

Ravi Iyengar, CEO of CoinTerra, said:

“Deploying eight petahash to the bitcoin network in just ten weeks is an unprecedented achievement. As well as thanking the CoinTerra team, now that we are shipping from stock I wanted to give a big thank you to the entire bitcoin community by offering the TerraMiner IV on sale for a limited time at a very special price.”

So what sort of discount does Iyengar have in mind? The company is marking the occasion by slashing the price of TerraMiner IV units to $4,799, a discount of 20%, or $1,200.

In turn, the miners are already in stock, so they’ll ship in a day or two once an order is placed. To redeem the 20% discount users simply need to use the coupon code 'TMIV5K' at the CoinTerra web shop.

CoinTerra boasts price-per-gigahash lead

CoinTerra maintains that it still enjoys the value-for-money lead in the mining space. It claims to offer an “unbeatable price-per-gigahash” and the 20% discount helps, too.

There is another freebie coming to a lucky miner who decides to take advantage of the sale. CoinTerra's CTO Dr Timo Hanke says he will select a lucky customer from the sale who will receive an additional TerraMiner free of charge. The miner will be autographed by the CoinTerra team, for an added personal touch.

Who knows, it may end up being a collectible a few years from now.