Intel to reveal new energy-efficient Bitcoin mining ASIC at next ISSCC

Reports bespeak that Intel, 1 of the largest machine processor manufacturers, intends to uncover a caller “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known arsenic Bonanza Mine astatine the upcoming IEEE International Solid-State Circuits Conference successful February 2022. 

Intel submitted a patent in November 2018 outlining akin ideas for "high-performance Bitcoin Mining." It is suspected that the processes described successful the patent could marque their mode into the merchandise being shown disconnected astatine the ISSCC.

According to the patent, The ASIC down the Bonanza Mine volition beryllium capable to decorativeness calculations conscionable arsenic efficaciously arsenic different ASICs portion eliminating the request for repeated oregon redundant computations. This strategy is projected to trim wide powerfulness depletion by astir 15%.

The processors utilized for mining crypto person notoriously been taxable to shortages and diminishing sales before. Intel would go a rival against companies similar Bitmain, with a projected Ether ASIC inactive pending release and Nvidia, a institution that was besides struck by aggregate instances of declining spot sales. Demand for crypto mining has been rising steadily contempt changeless processor shortages and inconsistent accumulation costs. 

Representatives from Intel seemed assured successful regards to entering the crypto mining manufacture and with the caller chip, commenting:

"Intel has done plan enactment astir SHA 256 optimized ASICs for respective years opening with pathfinding enactment done successful Intel Labs."

At clip of publication, it is unclear whether Intel volition merchandise the bonanza excavation for retail merchantability oregon if it volition beryllium strictly for concern oregon probe purposes. Regardless, this could perchance catapult Intel into becoming a main rival wrong the crypto-mining industry.