Chip Giant Intel Abandons Bitcoin ASIC Production

After announcing the accumulation of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor spot shaper by revenue, appears to beryllium abandoning its blockchain spot production. On Tuesday, a spokesperson for the spot shaper explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.”

Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 Series ASIC

In February 2022, the California-based exertion institution Intel made headlines erstwhile it announced its program to make “energy-efficient accelerators,” oregon ASIC technology, to lend to the improvement of blockchain technologies. Later that month, astatine the 2022 International Solid-State Circuits Conference (ISSCC), the institution unveiled the Bonanza Mine BMZ1. At that time, Tom’s Hardware writer Paul Alcorn stated that Intel was besides processing a 2nd iteration of the Bonanza Mine ASIC, known arsenic the BMZ2.

Moreover, successful March 2022, it was reported that mining firms specified arsenic Hive, Argo, Block, and Grrid were buying bitcoin mining chips from Intel. On Tuesday, Tom’s Hardware newsman Alcorn spoke to Intel astir the project, and it appears that Intel is discontinuing its bitcoin accelerator production, besides known arsenic “Blockscale chips.” Alcorn further notes that “no aboriginal generations person been announced.” An Intel spokesperson stated:

As we prioritize our investments successful IDM 2.0, we person end-of-lifed the Intel Blockscale 1000 Series ASIC portion we proceed to enactment our Blockscale customers.

In addition, Alcorn’s study notes that “Blockscale ASIC landing pages are present each inactive,” and merchandise pages person been “scrubbed.” Intel besides informed the newsman that customers person until October 2023 to bid chips, but “shipments volition extremity successful April 2024.” So far, the ascendant unit successful the ASIC manufacturing manufacture has been Bitmain, with fewer competitors. Aside from Bitmain, firms specified arsenic Microbt, Canaan, and Innosilicon besides run successful this space. According to reports, Bitmain uses 5nm TSMC-made chips, portion Microbt utilizes Samsung’s 5nm ASIC technology. Additionally, Samsung is reportedly successful the process of creating 3nm ASIC chips.

What bash you deliberation this determination means for the aboriginal of ASIC manufacturing? Do you spot immoderate ASIC manufacturing competitors coming to the industry? Share your thoughts astir this taxable successful the comments conception below.

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