Intel to Launch Bitcoin Mining Chips That’re 1000x Faster

Time Stamp: February 14, 2022 7:16 AM
Source Node: 1174061

Intel Bitcoin mining chips

Intel has announced plans to launch Bitcoin mining chips on Friday which the company claims to be 1000x better in performance than today’s GPU or SHA256-based mining equipment. In addition, the new chip has also been designed to focus on sustainability which is why they have designed on “developing the most energy-efficient computing technologies at scale.” “Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way,” the announcement post explained. Jack Dorsey’s Block Among The First Clients According to the company’s roadmap, the first product will ship later this year. The company also announced the launch of Intel’s blockchain accelerator where firms such as Jack Dorsey’s Block (formerly Square), Argo Blockchain, and Griid will be the first to receive it. Commenting on the development, Raja M. Koduri, Senior Vice President, General Manager, Accelerated Computing System, and Graphics Group said, “Today, we at Intel are declaring our intent to contribute to the development of blockchain technologies, with a roadmap of energy-efficient accelerators. Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way.” Intel says more information about the Bitcoin mining chip will be available at the International Solid-State Circuits Conference, which starts on February 20th. The company is also scheduled to make a presentation at the ISCC three days later titled “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC.”

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