BlocksInform
Intel, the world's second largest semiconductor chip maker, seems to be preparing to unveil a bitcoin mining chip. The same organisation has scheduled a demonstration as part of the classification of "highlighted chip rejects" for this year's meeting in order to display a "bonanza mine" processor.
Intel defines the chip as such a superduper power-efficient Bitcoin ASIC mines.
An application-specific integrated circuit is named ASIC. In order to remain competitive, these technologies are typically used by the Bitcoin mining industry these days. Gpu CPUs, except for ethereum, are far from ideal for the task.
After submitting copyright protection for the successful energy performance of Bitcoin mining in 2018, Intel first showed an interest in joining the company. In August, the company even purchased a small equity interest.
Some time ago, the company's gpu chief revealed to the famous streaming director Dr. Lupo that the team was working on specialised bitcoin mining equipments.
The ability to perform a much more effective blockchain verification at a much lower price and energy is a fairly solvent problem.
Provided the company's own silicon manufacturing capacity, Intel could be an extremely competitive newcomer in extracting Bitcoin spherical shell. Just at the moment, bitmain is one of the very few sellers of silicon, charging miners a high price for it.
It is not known at this time whether the Bonanza mining chip would be decided to sell to the general public or continue to be studied.
Even if new miners enter the market, especially silicon manufacturers, the sector becomes much more viable and decentralized, which is crucial for the BTC network's authenticity. In 2017, a group of just a few large mining puddles almost brought the system to its knees in collusion to increase Bitcoin's batch size against the will of the nodes.
Bloc, led by Jack Dorsey, announced recent plans to put in place a fresh Bitcoin mining framework. This system is designed to be more suitable for home use, helping to decentralise industry away from large farms.
