New TerraMiner IV gets price cut of almost $2,000

After recently launching its first product, a 2 TH/s ASIC Bitcoin miner, Cointerra has already announced it’s cutting the price of the TerraMiner IV from $15,750 to $13,999. The device has four powerful 28nm ASIC chips running at 500 GH/s each.

This decision is a response to the signals given by the Bitcoin community, who got excited with the news but not so excited about the price, Tuur Demeester, an investor in CoinTerra, explained to Coindesk.

And there’s more news. Ravi Iyengar, Cointerra’s CEO, revealed to the website that new low-cost and smaller devices are coming.

Cointerra also announced lately it’s going to launch its very own delay protection program: as the company is planning to ship their first products by December 2013 (according to the first pre-orders), they already assured that if the delivers are not confirmed within 30 days, Cointerra will credit these accounts with 20 percent of extra hashing power.

Besides their new order exchange system whereby – if a customer needs to abort its order, the company will try to find a new customer willing to take their place in line -, there’s a fresh price protection policy to protect the clients. Cointerra is also selling large batches of chips for buyers who plan to build their own rigs.


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