Intel launches a new energy-efficient chip for Bitcoin mining

The new processor is capable of delivering up to 580 Gh/s hash rate, and up to 26 J/TH power efficiency.

Blockscale ASIC is the tech giant’s new processing chip. It empowers blockchain applications to keep decentralization via proof of work while promoting the principle of environmental sustainability.

Sustainability and Scalability

Intel, the world’s largest manufacturer of semiconductor chips, has launched a new ASIC (application-specific integrated circuity) that is dedicated to blockchain hashing.

According to Intel’s release, proof-of-work algorithms that are compatible with ASIC-based systems and SHA-256 hashing will be able to adopt Intel Blockscale ASIC. This chip is compatible with bitcoin mining and can sense on-chip temperature, voltage, and support up to 256 integrated Circuits per Chain.

According to the chip giant, Blockscale ASIC will address two key issues: Scalability and sustainability. It will provide the energy efficiency and computing power needed to power blockchains that operate on proof-of-work consensus “in a responsible way,” according to Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel.

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.”

Publicly traded blockchain companies, including Argo Blockchain, Block Inc., and Hive Blockchain Technologies, will be 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 Q3 of 2022, and it will expand its global partnerships in 2023 and beyond.

Intel: The Leader of the Semiconductor Industry

Blockscale ASIC was announced after circuit innovations claimed it would provide a blockchain accelerator with over 100 times more performance per watt than traditional GPUs for SHA256-based mining. Among all the new products, the “Bonanza Mine” processor, described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC,” was branded as the upcoming chip for the mining industry.

As previously reported by CryptoPotato, the other newly released Intel ACM-G10, the chip mostly for digital gaming, is 406 mm² in size and has 21.7 billion transistors, both values bigger than AMD Navi 22 and NVIDIA GA104, supposedly the main competitors for this ARC GPU.

 

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