Intel Plans Bitcoin Mining Chip Reveal At Upcoming Conference

Intel Launches New Energy-Efficient Chip for Bitcoin Mining


The newly developed processor for the proof-of-work algorithm can ship as much as 580 GH/s hash price and may function as much as 26 J/TH energy effectivity.

The tech large believes the brand new processing chip, Blockscale ASIC, will probably be a gamechanger that empowers blockchain purposes to keep up decentralization by way of proof-of-work whereas asserting the precept of environmental sustainability.

Scalability and Sustainability

Intel, one of many largest semiconductor chips producers on the planet, launches a brand new application-specific built-in circuity (ASIC) devoted to blockchain hashing.

In accordance with Intel’s release, proof-of-work algorithms which might be appropriate with ASIC-based methods and SHA-256 hashing will be capable of undertake Intel Blockscale ASIC. The chip, appropriate with bitcoin mining, options capabilities of sensing on-chip temperature and voltage and helps as much as 256 built-in circuits per chain.

The chip large additionally said that scalability and sustainability are two main points Blockscale ASIC is to handle. It would present the power effectivity and computing energy wanted to energy blockchains that function on proof-of-work consensus “in a accountable method,” in accordance with Jose Rios, normal supervisor of Blockchain and Enterprise Options within the Accelerated Computing Programs and Graphics Group at Intel.

Intel added that a long time of expertise in cryptography, hashing methods, and ultra-low voltage circuits render Intel-powered proof-of-work protocols to “scale their computing energy with out compromising on sustainability.”

Publicly traded blockchain corporations, together with Argo Blockchain, Block Inc., and Hive Blockchain Applied sciences, will probably be among the many first establishments to develop new mining methods which might be built-in with Intel’s ASIC. The corporate’s first cargo to prospects is scheduled for the Q3 of 2022, and it’ll develop its international partnerships in 2023 and past.

Intel because the Chief of the Semiconductor Trade

The information of launching Blockscale ASIC got here after the corporate had claimed that circuit improvements would ship a blockchain accelerator that had over 100 instances higher efficiency per watt than mainstream GPUs for SHA-256 based mostly mining. Amongst all the brand new merchandise, the “Bonanza Mine” processor, described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC,” was branded because the upcoming chip for the mining trade.

As reported beforehand by CryptoPotato, the opposite newly launched Intel ACM-G10, the chip principally for digital gaming, is 406 mm² in measurement and has 21.7 billion transistors, each values larger than AMD Navi 22 and NVIDIA GA104, supposedly the primary rivals for this ARC GPU.


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