CoinTerra reported completing the design of its Goldstrike-1 application-specific integrated circuit for bitcoin mining systems in eight months. The chip will be fabricated by GlobalFoundries with a 28-nanometer process. "The race is to build the highest performance yet most power efficient platform based on ASICs,” said CoinTerra’s Javed Barkatullah at the Hot Chips conference in Cupertino, Calif.

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