There will be new bitcoin mining chips from a semiconductor company that intends to take on ASICs
Earlier this year, Intel revealed ambitions to fully embrace blockchain technology and join the bitcoin mining market with new processors that would be available later this year.
On its blog today, Intel announced that it would begin shipping energy-efficient accelerators by 2022.
Also aware of the need for a large quantity of processing power, Intel is concentrating its efforts on creating energy-efficient computing technology a large scale.
GRID infrastructure, Argo Blockchain, and BLOCK (previously Square) are a few of the company’s early adopters. There will be little effect on the supply of other Intel CPUs due to the new design being implemented on a small piece of silicon.
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The Intel Bonazna Mine chipset
Intel has established a new Custom Compute Group that will work under Raja Koduri’s Accelerated Computing Systems and Graphics (AXG) Business Unit to develop and construct its new blockchain hardware.
Tom’s Hardware found a mention to the chip giant’s Bonanza Mine chips in a listing for a presentation at this year’s International Solid-State Circuits Conference, according to the news outlet’s article (ISSCC). The second iteration of Intel’s Bonanza Mine chip, known as BMZ2, has already been released.
SHA-256 processing for Bitcoin mining at ultra-low voltage has never been faster thanks to this new chip’s particular architecture, which was developed exclusively for it. For SHA-256 mining, Intel promises that these new processors will have “nearly 1000x greater performance per watt than conventional GPUs.”
GPUs are seldom used for SHA-256 mining, and Bitcoin is primarily mined on specialised processors known as ASICs that are built to perform a certain sort of task. Even still, ASIC devices like as Bitmain’s Antminer E9 may be pricey and difficult to locate.
A lot more will be known about Intel’s involvement in the bitcoin mining industry when its new processors begin delivering to end-user customers later this year.