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Intel introduces latest energy efficient” ASIC mining chip
Intel is trying to position its new chip for use in PoW networks by balancing hashing throughput and power efficiency The tech giant hopes its latest product will address environmental and power efficiency concerns US tech giant Intel said on Monday it will release a standalone crypto mining chip by year's end capable of delivering "energy-efficient" hashing power for Proof-of-Work (PoW) consensus networks deliver. Major crypto mining companies Argo Blockchain, Block Inc., Hive Blockchain Technologies and GRIID Infrastructure will be among the first companies to develop new systems based on Intel's technology, according to a blog post. After its Bitcoin mining system Bonanza Mine said in February that...
Intel introduces latest energy efficient” ASIC mining chip
- Intel versucht, seinen neuen Chip für den Einsatz in PoW-Netzwerken zu positionieren, indem er Hashing-Durchsatz und Energieeffizienz in Einklang bringt
- Der Technologieriese hofft, dass sein neuestes Produkt Umwelt- und Energieeffizienzbedenken ansprechen wird
US tech giant Intel said on Monday it will release a standalone crypto mining chip capable of delivering "energy-efficient" hashing power for Proof-of-Work (PoW) consensus networks by the end of the year.
According to a, major crypto mining companies Argo Blockchain, Block Inc., Hive Blockchain Technologies and GRIID Infrastructure will be among the first companies to develop new systems based on Intel's technology Blog entry.
Following its Bitcoin mining system Bonanza Mine in February, the California-based company said its latest blockscale ASIC would be capable of delivering up to 580 GH/s of hashing power with energy efficiency of up to 26 J/TH.
Intel faces established rivals such as Bitmain, the Chinese crypto mining giant whose total profits from Bitcoin mining revenue regularly exceed $1 billion.
“On paper, Intel’s chip has the potential to be competitive with Bitmain’s cutting-edge machines in terms of performance and efficiency,” William Foxley, media director at Compass Mining told Blockworks. "However, the chips require another vendor to develop the actual machine, which could impact the competitiveness of the final product, so it's a game of wait and see."
Intel, one of the world's top-selling semiconductor chipmakers, said it is trying to capitalize on market demand by helping miners achieve both "sustainability" and "hash rate scaling goals" through its new product.
Computational requirements for PoW networks have steadily increased since Bitcoin was introduced more than a decade ago. Although Intel also said that the PoW mechanism often requires large amounts of energy resources to operate, the burden is again placed on computing technologies to reduce financial and environmental costs.
Indeed, the sector has had no shortage of critics denouncing the PoW consensus mechanism – seen in Bitcoin production – as wasteful and environmentally dangerous, including concerns raised by politicians, environmentalists and technologists in recent years.
“To advance this new era of computing, Intel is delivering solutions that provide the optimal balance of hashing throughput and power efficiency regardless of a customer’s operating environment,” said Balaji Kanigicherla, vice president of Intel. “Intel’s decades of research and development in cryptography, hashing techniques and ultra-low-voltage circuits enable blockchain applications to scale their computing power without compromising sustainability.”
According to Intel, deliveries of the blockscale ASICs to customers will begin in the third quarter of this year.
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The post Intel Introduces Latest “Energy-Efficient” ASIC Mining Chip Is Not Financial Advice.