Intel Launches New Bitcoin Mining Chip Blockscle

Intel’s new bitcoin mining chip, the Intel Blockscale ASIC, will ship in Q3 2022 to select customers.

Today announced details for its new bitcoin mining chip, the Intel Blockscale ASIC, which seeks to increase energy efficiency of Proof-of-Work (PoW) mining through the company’s decades of research and development in related areas.

“The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead,” said Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group.

Intel will provide its customers with only the ASIC chip itself

Instead of delivering a complete ASIC mining system as is currently common in the industry.

Each Blockscale ASIC chip will deliver up to 580 gigahashes per second (GH/s) of hash rate with up to 26 joules per terahash (J/TH) of power efficiency and support up to 256 integrated circuits per chain, in addition to featuring on-chip temperature– and voltage–sensing capabilities.

As a result, a mining system made up of 256 Blockscale ASIC processors will purportedly produce 148 TH/s while consuming 3,860 watts (W). Bitmain’s flagship air-cooled mining system, which is now the global market leader, produces 140 TH/s with a power usage of 3010 W, resulting in a power efficiency of 21.5 J/TH.

Due to the present global chip scarcity, the bitcoin mining sector is experiencing a shortage of ASICs. Intel will arguably provide value to the industry in the short to medium term by boosting the availability of miners, rather than competing head-to-head with present market leaders and seeking to provide a more energy efficient solution. Long-term rivalry will shift to performance and cost of ownership as limits are eased.

Intel will also include a reference hardware design and software stack in its shipments to help clients jumpstart their system development. Argo Blockchain, Block, Inc., Hive Blockchain, and GRIID Infrastructure are among the first mining firms to get Intel’s forthcoming chip, which is expected to ship in Q3 2022. Starting in 2023, Intel said it will collaborate with and supply prospective customers who share the company’s sustainable aims.

Intel made waves in January when it announced plans to exhibit a “ultra-low-voltage energy-efficient bitcoin mining ASIC” at the ISSCC conference. Intel’s previous ASIC studies were presented on the panel, and the corporation announced in the same month that their new device, the Blockscale ASIC, will ship this year.

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