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Report: Mining hardware maker CoinTerra buys developer Bits of Proof

Posted on 28th July, 2014

Is bitcoin hardware maker CoinTerra looking to expand beyond the mining game? According to a new report published today by CoinDesk, the Austin, TX-based company has acquired Hungarian bitcoin software maker Bits of Proof (BOP) for an undisclosed sum. BOP CEO Tamás Blummer will join CoinTerra as Vice President of Enterprise Software, bringing the developer’s […]

Report: With 1,000th miner in the field, CoinTerra powers 6% of Bitcoin network

Posted on 2nd March, 2014

Texas-based Bitcoin miner company CoinTerra announced the release of their 1,000th machine on Friday. According to the company, their hardware now powers around 6% of the entire Bitcoin network, and accounts for 1.7 petahash of overall network performance. The company launched its highly anticipated terahash mining rig, the TerraMiner IV, last month. Although the rig […]