Intel Details Bitcoin Mining Chip ‘Bonanza Mine’

Intel has shared details of its past explorations connected bitcoin mining application-specific integrated circuits (ASICs) astatine ISSCC 2022, a planetary forum for presumption of advances successful solid-state circuits and systems-on-a-chip, reported Tom’s Hardware.

Intel’s power-efficient chip, called Bonanza Mine, is fabricated successful a 7nm process and bundled successful tons of 300 to constitute a full-fledged 3,600W bitcoin mining instrumentality that tin execute up to 40 terahashes per 2nd (TH/s).

Intel’s bitcoin mining rig is composed of hundreds of specialized chips, the Bonanza Mine ASICs, which unneurotic tin output 40TH/s of hashrate capableness and consumes 3,600W of power. Source: Tom’s Hardware.

When news surfaced that Intel would springiness a presumption astir a bitcoin mining ASIC astatine ISSCC, it seemed that it would contiguous a caller chip. However, an Intel typical aboriginal told Bitcoin Magazine that “the SHA-256 ASIC referred to successful the insubstantial being presented astatine ISSCC … was [a] archetypal procreation merchandise exploration from 2018.”

On February 11, Intel officially announced its Bitcoin silicon program, highlighting that aggregate ample customers had secured their spot successful the orders queue, including Block, the fiscal services steadfast antecedently known arsenic Square, Argo Blockchain, and GRIID, which had already disclosed a purchasing statement with Intel to the SEC for the caller spot that was yet to beryllium revealed.

Intel’s upcoming chip, the Bonanza Mine 2, volition lone beryllium released aboriginal this year.

“The proviso statement released arsenic portion of required [U.S. Securities and Exchange Commission] SEC disclosures from our lawsuit concerns the second-generation ASIC for which we volition supply much details soon,” the Intel typical added.

However, Intel volition leverage the innovations developed with its first-generation merchandise exploration and shared astatine ISSCC successful its upcoming Bonanza Mine 2 ASIC.

Indeed, the elephantine chipmaker volition request to up its crippled if it’s second-generation spot is to beryllium competitory with the likes of Bitmain, today’s marketplace person successful the bitcoin mining industry. While Intel’s first-generation ASIC consumes 3,600W to output 40TH/s, per the report, Bitmain’s flagship miner needs lone 3,010W to execute 140TH/s.

Intel’s Bonanza Mine ASIC brings immoderate innovation to the industry, but inactive lacks down salient manufacture players similar Bitmain and its newest machines. Intel would request a much-stronger second-generation ASIC to beryllium competitive. Source: Tom’s Hardware.