Bitcoin mining shaken up by Intel’s new chip?

Intel brings out the heavy artillery – Since January 2022, the microprocessor giant, Intelhas officially announced that it has embarked on the race for bitcoin (BTC) mining devices. These machines, grouped under the generic term “ASIC” (integrated circuit specific to an application), are dedicated to calculations related to the consensus by proof of work (PoW) of the Bitcoin network. Intel reveals today a little more about the characteristics of its mining chip, which will integrate future competing products with Bitmain’s ASICs.

Intel announces a chip with a hash rate of 580 GH/s

Faced with the exponential growth of Bitcoin and its miningthe giant Intel now intends to take his share of the cake. As Bitcoin Magazine reports in particular, the American company has just revealed the performance of its very first crypto-mining chip, called “Intel Blockscale ASIC”.

Each of these new chips will have a hash rate (hash rate) of 580 gigahashes per second (GH/s). Their announced energy efficiency would be 26 joules per terahash (J/TH).

A mining device composed, for example, of 256 chips Intel Blockscale could thus theoretically provide 148 terahashes per second (TH/s) and consume some 3,860 watts (W) of power. To compare it to the famous Antminer S19XP from bitmainthe latter provides 140 TH/s with an energy yield of 21.5 J/TH (power consumption of 3010 W).

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Delivery of mining chips from the 3rd quarter of 2022

On the other hand, unlike its main competitors, Intel does not will provide no entire mining systems: the company will not provide than fleas. It is up to manufacturers to use it to develop the mining machine that will suit their needs.

“The Intel Blockscale ASIC chip will play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scalability goals in the years to come. »

Jose Rios, General Manager of Blockchain and Business Solutions at Intel

Several BTC mining companies have already jumped on this new ASIC: Argo Blockchain, To block, Hive Blockchain and GRIID infrastructure among others. The first deliveries of Intel’s chip will begin in the third quarter of this year 2022.

It must be said that the demand for bitcoin mining ASICs onlyto augment. And the first (conclusive) tests carried out by oil and gas companies, such as Exxon, for avoid wasted energy with crypto-mining are not likely to reduce this demand. On the contrary !

If a company like Intel designs a high-performance chip for bitcoin mining, the crypto market is strong! To not miss the opportunity of a lifetime, register now on the FTX reference crypto exchange platform and benefit from a lifetime discount on your trading fees (affiliate link, see conditions on official website).

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