Intel’s New Energy-Efficient Chip for Bitcoin Mining

April 6, 2022

Darko Simunovski content is written in English. Translations into other languages are automated and there may be minor text errors.

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The new processor for the proof-of-work algorithm allows you to achieve a hash rate of up to 580 GH/s and can run at an efficiency of up to 26 J/TH.

The tech giant INTEL believes the new processing chip, Blockscale ASIC, will be a gamechanger. It will empower blockchain applications to maintain decentralization while asserting the principle of environmental sustainability. Intel, one of the largest semiconductor chip manufacturers in the world, has released a new application-specific integrated circuit (ASIC) dedicated to blockchain hashing.

Bitcoin mining

According to an Intel release, proof-of-work algorithms that are compatible with ASIC-based systems and SHA-256 hashing will be able to adopt Intel Blockscale ASIC. Chip, compatible with bitcoin mining, includes features for sensing on-chip temperature and voltage and can support up to 256 integrated circuits.

INTEL stated that its upcoming chip will allow for faster transaction processing, provide more data security and ensure that its systems will scale to meet growing demand.

The blockchain technology will have to provide enough energy efficiency and computing power for proof-of-work consensus “in a responsible way,” according to Jose Rios.

Intel added that decades of experience in cryptography, hashing techniques, and ultra-low voltage circuits render Intel-powered proof-of-work protocols to scale their computing power without compromising on sustainability. Argo, Block Inc., and Hive Blockchain Technologies are among the first institutions to develop new mining systems that are integrated with Intel’s ASIC.

The company’s first shipment to customers is scheduled for the third quarter of 2022, and it will expand its global partnerships in 2023 and beyond.

The launch of the Blockscale ASIC was announced after the company had claimed that its new circuit innovations would deliver a blockchain accelerator that could process transactions at over 100 times faster and use less energy than leading mainstream GPUs. The “Bonanza Mine” processor, described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC,” was labeled as the upcoming chip for the mining industry.

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