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Intel launches its ASIC for Bitcoin mining
Intel launches its ASIC for Bitcoin mining
Mining

Intel launches its ASIC for Bitcoin mining

By Vincenzo Cacioppoli - 1 Jul 2022

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All set for the launch of the new ASIC for Bitcoin mining by computing giant Intel.

The ASIC for Bitcoin mining developed by Intel

Everything is now ready for the new ASIC that Intel unveiled last April for Bitcoin mining. It is called Blockscale and is Intel’s new cryptocurrency mining program.

The new ASIC will be ultra-low voltage and high power efficiency, which will provide an important new tool for Bitcoin mining. Raja Koduri, senior vice president of Intel, said while introducing the new product:

“We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining”.

Balaji Kanigicherla, vice president and general manager of Intel’s blockchain unit, on the other hand, emphasized the important sustainability features of the new ASIC chip:

“Intel’s decades of R&D in cryptography, hashing techniques and ultra-low voltage circuits make it possible for blockchain applications to scale their computing power without compromising on sustainability”.

Details about prices are not yet known, but according to rumors they are expected to be very competitive. 

The launch of the new product on the market

In April, Toronto-listed cryptocurrency mining company Hive Blockchain technologies said Intel‘s new mining chips have the potential to increase the company’s hashrate by up to 95%.

The company’s spokesperson stated: 

“The Intel Blockscale ASIC’s specs only apply to one unit of the silicon itself, rather than potential output of a fully built system. Typically, mining systems include hundreds of ASICs enabling a much higher hashrate at the system level”.

Each Blockscale ASIC chip will provide up to 580 gigahash per second (GH/s) of hashrate with up to 26 joules per terahash (J/TH) of energy efficiency and will support up to 256 ICs per chain, as well as on-chip temperature and voltage sensing capabilities.

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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