Are Bitcoin Monies Becoming Another World Currency?

Are Bitcoin Monies Becoming Another World Currency? It seems as if things keep going the way they are going we may one day see Bitcoin monies becoming a worldwide currency used to buy anything you want, pay bills etc. When this all started out it was a hobby for a select few who had the know how to mine coin.

This is the same Bit Coin that is now tradable and spendable almost to the point of matching paper money, well not completely, but it does seem that day is coming soon. You can no longer just stick a few video cards in a system and think you will make bank, as there are other using newer, more sophisticated means to mine Bit Coin. You can mine light coin and then transfer that to bit coin, but things just are not the same as they were. Now an entire new generation of companies has machines that are solely used for the purpose of Bitcoin mining and cost a mini fortune to get a really solid mining machine.

A company called COINTERRA has a brand new machine called the TerraMiner IV that costs loads more than a few AMD cards, but also gets serious results. The TerraMiner was Designed by world leading experts in ASICs, mathematics and algorithmic research, it features the in-house purpose-designed custom ASIC – the GoldStrike I. Now this new technology costs almost exactly 6K so the investment alone is a steep one, especially when compared to when Bit Coin mining began and anyone could afford a machine that could actually make you some coins.

That has all changed and that is for the good and for the bad as now high tech components like the COINTERRA TerraMiner will cost more, but also yield more as well. Check out the specs, as the TerraMiner IV delivers unprecedented performance at more than 2 TH/s while maintaining an exceptionally efficient power rating. It has been designed and optimized for standalone use by Bitcoin mining professionals who demand the very best cost/performance ratio available. This is just one of the many new types of machines being offered today for Bitcoin mining and I am sure more are to come, but my question to you know is this: Now that a machine for professional Bitcoin mining costs so much now to be efficient, have the new mining machines out priced themselves for all, but the wealthy already? Thank you for reading Tech Of Tomorrow. The specs of the the TerraMiner are below for those who might be interested.

• Effective Hash Rate
• 2 TH/s
• GoldStrike I ASIC
• 4 x GoldStrike I 500GH/s 28nm ASIC (2 per board)
• GoldStrike I Board
• 2
• Controller Board
• BeagleBone Black
• Controller Board OS
• Linux  (embedded)
• Mining Software
• CGminer, with web-based management interface
• Form Factor
• Desktop or 4U rack mountable (rack slides required)
• Network
• Single RJ45 10/100 Ethernet port
• Cooling
• CoolIT Direct Contact Liquid Cooling system
• Heat Exchanger
• 2
• Fans
• 5 x 120mm (3 front, 2 rear)
• Power Supply
• 2 x 1100W Power-One 80 PLUS Certified Platinum
• Input Rating
• 110-240 VAC
• Nominal Power Consumption
• ~2000W
• Ambient Operating Temperature
• 0°C to 35°C
• Emissions Compliance
• FCC / CE
• Safety Certification
• UL / CE