BlocksInform
Intel, the second largest semiconductor chip manufacturer in the world, appears to want to reveal a bitcoin mining chip. At this year's isscc conference, the organisation has planned a presentation in the category "highlighted chip discards" to present a "bonanza mine" processor.
The CPU at the Bonanza mine.
As reported by Tom’s Hardware, Intel describes the chip as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC”.
An asic is an application-specific embedded circuit. These machines are routinely used in the Bitcoin mining industry today in order to remain competitive. Unlike ethereum, gpu processors are only marginally optimal for work.
Intel first displayed interest in entering the industry in 2018 after filing a patent for “energy-efficient high-performance Bitcoin mining”. In August, the company even took a relatively small stake in Coinbase.
Most recently, the manufacturer gpu chief raja koduri talked with popular streamer dr. lupo, and revealed that the company was developing specialized equipment for bitcoin mining.
"Being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty unsolvable problem," said Koduri. At some point, maybe not too far into the future, we'll share some interesting equipment for this."
Intel could prove a very competitive entrant into the Bitcoin mining sphere, since the company has its own silicone manufacturing capabilities. Currently, bitmain is one of the only silicon vendors, supplying miners with high premiums.
At present, it is unknown whether the Bonanza mining chip will be sold to the public or whether it will remain a research project.
The more minors, the better.
As new miners enter space – particularly silicon producers – the industry becomes more competitive and decentralized, which is vital to the integrity of the Bitcoin network. In 2017, a collection of a few large mining basins nearly tore the network apart after conspiring to increase the size of bitcoin block against the interest of nodes.
Jack Dorsey’s Block recently confirmed plans to build a new Bitcoin mining system. This system is intended to be more suitable for domestic use, helping to decentralize industry outside large mining operations.
