CoinTerra, a popular ASIC Bitcoin mining hardware company, announced that it will be doing spot price for its TerraMiner IV hardware. This means that according to how the Bitcoin market fares, the price of TerraMiner IV will either increase, decrease, or remain the same. After successfully delivering the April, May, and June batches of hardware before schedule, CoinTerra has decided to adopt this new pricing method for its hardware.
CoinTerra Spot Price
Ravi Iyengar, the CEO of CoinTerra explains the reasoning behind the spot price decision,
“As the leading high-performance Bitcoin mining hardware manufacturer shipping from stock, we can now offer a pricing model that allows Bitcoin miners to make purchasing decisions based on current factors. This makes CoinTerra’s spot pricing exceptionally attractive to members of the Bitcoin mining community wishing to buy mining hardware for immediate delivery and deployment.”
CoinTerra has also announced the sale of Goldstrike I ASIC to third parties with a minimum order of 500 hardware.
CoinTerra’s move of adopting daily pricing can be both good and bad for the company. If the spot price comes out to be higher than the day before, the company will be able to make profit. However, if the spot price comes out to be less than the day before, then the company will lose out on potential profit.
Since CoinTerra is one of the leading ASIC mining hardware manufacturer, it might be safe to assume that the company is able to withstand some potential losses that might occur from their decision to start daily price spotting.
Let us know what your thoughts are on CoinTerra’s latest decision in the comment section below!
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Image via CoinTerra