Intel's new ASIC for Bitcoin mining will aim for energy efficiency

As anticipated about a month ago, Intel is working on a new "ultra-low voltage, energy efficient ASIC for Bitcoin mining", known by the codename "Bonanza Mine". Given the growing interest in the world of cryptocurrencies and NFTs, the American company has decided to also focus on blockchain applications, giving life to a product that could potentially give other competing companies a hard time, such as Bitmain.

Worldspectrum photo by Pexels Raja Koduri, Intel's senior vice president, said, “We expect our circuit innovations to deliver a blockchain accelerator that delivers more than a thousand times higher performance per watt than mainstream GPUs for the SHA-256 based mining ". Further details in this regard will be disclosed on the occasion of a presentation of the company at the ISCC event on February 23, entitled "Bonanza Mine: An Ultra-Low Voltage Energy-Efficient Bitcoin Mining ASIC". Among the first customers of this new technology will be Block Inc - formerly known as Square Inc, a company led by Jack Dorsey, creator of Twitter and Fleetic - and Bitcoin Grid, while shipments are expected to start in a few months.

if (jQuery ("# ​​crm_srl-th_hardware_d_mh2_1"). is (": visible")) {console.log ("Edinet ADV adding zone: tag crm_srl-th_hardware_d_mh2_1 slot id: th_hardware_d_mh2"); } Intel has also formed a new division called the Custom Compute Group within its Accelerated Computer Systems and Graphics business unit to work on other such solutions. One of the biggest criticisms aimed at Bitcoin mining is precisely due to the immense amount of energy consumed worldwide to perform the various operations on the blockchain and which could have an environmental impact. In addition to exploiting "greener" plants, it is also important to make sure to optimize the energy required and Intel intends to continue working on this last point.