Intel Officially Released its New Second-Generation Bitcoin Mining Chip

Intel Blockscale ASIC

Semiconductor manufacturing giant Intel Corporation (NASDAQ: INTC) has officially launched its new second-generation bitcoin mining chip “Intel Blockscale ASIC”. Blockscale is said to have a hash rate of 580 GH / S (gigahashes per second) and a power consumption of between 4.8 and 22.7 watts. In addition, its energy efficiency is said to be as high as 26 joules per terahash (J/TH). In contrast, one of the leading bitcoin mining machines, bitmain’s antminer S19 Pro has a hash rate of 110 Th / s, a power consumption of 3250 watts and an energy efficiency of 30 J/TH. MicroBT’s Whatsminer M30S++ also has 112 Th / s hash rate and 31 J / TH energy efficiency.

For some time, the industry has been affected by environmental, social and government energy consumption. This is evident in the recent campaign, which has been completely banned because of the high energy consumption of bitcoin. In this regard, blockscale attaches great importance to energy sustainability when it was established.

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Intel’s Technology

“In order to promote this new computing era, Intel is providing solutions that provide the best balance between hash throughput and energy efficiency regardless of the customer’s operating environment,” said Balaji Kanigicherla, vice president, general manager and chief SOC architect of AXG, graphics and throughput computing hardware engineer of Intel.

At present, Argo Blockchain (lon: ARB), block Inc (NYSE: SQ), hive Blockchain technologies (CVE: hive) and  GRIID infrastructure will be the first mining companies to obtain these upcoming chips. Intel also said it would start shipping in the third quarter of 2022. In 2023 and beyond, the company hinted that it would cooperate with and provide products to customers whose goals meet its sustainable development goals.

“We are proud to work with and provide solutions to companies that create a more sustainable cryptocurrency ecosystem around the world. Intel blockscale ASIC will play an important role in helping bitcoin mining companies achieve sustainability and hash rate expansion goals in the coming years,” said Jose Rios, general manager of blockchain and business solutions in Intel accelerated computing systems and graphics.

The Current Global Chip Shortage

It is worth noting that the current global chip shortage has affected the ASIC supply of bitcoin mining industry. Its recent development will increase the value of the industry by increasing the availability of miners in the short and medium term.

In addition to supporting 256 integrated circuits per chain, it is said that the chip also includes “on-chip temperature and voltage sensing capability”. Without affecting the supply of new CPUs and GPUs, Intel claims that it can supply in bulk due to the nature of the silicon used. It is worth noting that Bullock has also planned to create its energy-saving mining system.