PRESS RELEASE: Austin, TX (9/23/2013) – CoinTerra, Inc. – the performance and value leader in Bitcoin ASIC Mining solutions – today demonstrated an FPGA simulation of its GoldStrike1™ ASIC chip. CoinTerra® also announced additional details including low power consumption and custom liquid cooling system by CoolIT.
The GoldStrike1™ is the worlds fastest and most efficient ASIC chip designed specially for Bitcoin mining. Hashing at a minimum of 504 GH/s, the GoldStrike1™ chip is designed for both speed and low power consumption. At <0.6 watts per GH/s the GoldStrike1™ was designed from the ground up to give customers the best price/performance ratio in the industry.
Scheduled to ship the first mining rigs in mid-December, CoinTerra® showed that their project is on target by announcing tapeout scheduled for the first week of October and chip delivery by early December. The video notes that significant payments were made to Global Foundries to secure these dates.
CoinTerra® also released that the system would be cooled by custom equipment created by CoolIT Systems of Canada that can handle up to 400 watts per chip. The cooling system is built for chips hashing as high as 700 GH/s. The system also uses multiple high speed 12 cm fans in a 4U case.
CoinTerra® released these additional chip details:
Global Foundries: 28nm HPP process.
Clock-speed: 1.4 GHz (min binning speed) to 2 GHz (max binning speed)
Die size: 3 dies of 10×10 mm for a total of 300 sqmm.
Hash rate: 504 GH/s to 720 GH/s based on binning speed.
Hashes per sq mm: 1.68 GH/s/mm2 to 2.4 GH/s/mm2
Power consumption: <0.6 watts/GH/s (@ 0.765 volts)
Architecture: pipelined unrolled hashing units
Tape-out due: 1st week of October
CoinTerra® and Team
CoinTerra® was founded by a team of world-renowned chip designers, mathematicians and Bitcoin community pioneers and recently closed a $1.5M seed round of funding from a range of private Angel investors who recognized the potential of the company’s unique team and technology.
The company’s founding members include CEO Ravi Iyengar, who was previously the Lead CPU Architect at Samsung® Corporation as well as holding senior design positions at Qualcomm®, NVIDIA®, and Intel®.
Other team members include:
Dr. Timo Hanke, one of the world’s leading experts on cryptography and mathematical algorithms;Tuur Demeester, one of the Bitcoin community’s strongest proponents, editor of the financial newsletter “Macrotrends” and a leading financial advisor;
Jim O’Connor, over 35 years of experience in design and management. Jim has held management positions at Altior Inc (now Exar), SMSC (now Microchip), iVivity, Zagros Networks and Orologic (now Vitesse Semiconductor), Nortel Semiconductor and BroadBand Technologies.
Dr. Naveed Sherwani is the lead company advisor for Cointerra® and brings decades of semiconductor industry leadership and perspective to the company. Dr. Sherwani co-architected the Intel microprocessor design methodology and environment used in several microprocessors
Having worked on several generations of low-power mobile devices, the CoinTerra® team brings unmatched experience in power-efficient circuitry, design methodology and implementation to Bitcoin mining.
CoinTerra® designs and produces best-in-class Bitcoin mining ASIC processors and systems. The company’s state-of-the-art design methodologies and advanced architectures enable the delivery of Bitcoin mining solutions with the highest performance ASICs for the lowest power and die area. CoinTerra® boasts a highly experienced engineering team of semiconductor architects and designers who have previously designed some of the world’s highest performance CPUs, GPUs and chipsets for NVIDIA®, Intel®, Samsung®, Qualcomm® and Nortel®.
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