Scheduled for delivery in early January 2014 and powered by CoinTerra's proprietary high-performance GoldStrike1™ ASIC, the new 1 TH/s TerraMiner™ II will retail for $3499 as an entry-level Bitcoin mining solution designed for the best price/performance ratio in the industry.

Previously announced as the first 2 TH/s professional Bitcoin miner, CoinTerra has announced a major price reduction for the TerraMiner IV to an astonishing $5999 for January delivery to customers. This makes CoinTerra the first Bitcoin hardware company to break the $3 per Gigahash barrier.

Both the TerraMiner II and TerraMiner IV are fully-integrated, low-power Bitcoin mining solutions for customers seeking the most high-performance products in their respective class of entry-level and professional mining.

"We are incredibly excited by the enthusiasm and support of the Bitcoin community as we move forward towards our first shipments of the industry's highest-performance, lowest-power ASIC devices," said Ravi Iyengar, CEO and founder of CoinTerra. "With the new TerraMiner II and the incredibly aggressive pricing on the TerraMiner IV, we are going to redefine the market for profitable Bitcoin mining and put our customers first and foremost as we grow as a company through the introduction of new products."

CoinTerra's 500 GH/s GoldStrike1 ASIC is already the fastest chip announced for the Bitcoin mining market. The Physical Design results for GoldStrike1 show that a certain percentage of these ASICs can perform as high as 700 Gh/s. CoinTerra is evaluating an option allowing customers at the time of delivery to upgrade to these premium chips for a small fee, further lowering the cost per gigahash.