Monday, September 16, 2013

CoinTerra Launches Two New Products

Austin-based Bitcoin mining technology developer Cointerra has announced two new products, the company said last week, specifically aimed at the "Bitcoin mining" market. The company said it has released two new products, one priced at $3499, both based on its specialized ASICs. Cointerra has developed a chipset specifically aimed at processing the Bitcoin algorithm, the basis for the rising electronic currency. Bitcoins can either be traded or exchange, just like any other money, between users--or, it can also be "mined" by executing a certain amount of computer processing. Cointerra recently raised funding for its ASIC technology for that Bitcoin mining.