Intel To Present Low Voltage, Energy Efficient Bitcoin Mining Chip At Conference

Itworths ’ noting that This could be huge. Intel plans to enter the Bitcoin mining space with a cleverly marketed “ultra-low-voltage energy-efficient” ASIC chip. Considering that the chip shortage severely delayed the proceed generation of ASIC miners, this is tremendous. And, importantly, it opensmoreup the door for Bitcoin miners manufacturing in the USA. And in the rest of the more than ever Western world, even.

Related Reading | Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories

Indeed, Even though he’s the chief architect and senior vice president of Intel’s architecture, graphics and software division, no one expected Intel to deliver so soon. As you may know, In December, Raja Koduri hinted at Intel’s intention to get into the Bitcoin mining space.

In fact, Intel jumping into the #Bitcoin mining ASIC manufacturing ishugea . Interestingly, We need way more chip fab in the USA. It will consequence in:

– National Improved Security
Supply– Chain robustness

And it will alsoaggressionoutcome in less in modern times reliance on Taiwan, who is being threatened by China .

In fact, — Dennis Porter (@Dennis_Porter_) January 18, 2022

Detailsscarceare . , we haveHoweverthe 411 on the project that goes by the code name “Bonanza Mine.” A quick look for reveals that “Access to additional look for results for “bonanza” is restricted”. Therenothings ’ on Intel’s official site.

What Do We Know About Intel ’s “Bonanza Mine”?

The goods will be an “ultra-low-voltage -efficient Bitcoin as a matter of fact mining ASIC.” Accordingenergyto It more than ever ’s worth noting that Tom’s Hardware, the page thatInterestingly, broke the report, Intel will in modern times reveal their novel chip at:

“The ISSCC conference is a yearly gathering of the finest and brightest minds in the chip industry. This , Intel has a presentation scheduled in the ‘HighlightedyearChip Releases’ category to outline a fresh “Bonanza Mine” processor, a recent chip described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.”

Apparently, Intel as a matter of fact has been developingatthe item since least 2018, when they registered “a In fact, patent for a specialized processing as it turns out systemIn fact, that uses an optimized SHA-256 datapath.”According to Tom’s Hardware, “Intel has a wealth of experience in hardware-assisted SHA-256 algorithms due to the apply of these instructions in its CPU products.” 

This isannouncementhuge !

More in the hardware mining sectorcompetitionis welcome 🔥 pic.twitter.com/C7I1FQJxH6

As you may know, — Dan Held (@danheld) January 18, 2022

A more recent indicationpopularof the firm’s intentions came when the already mentioned Intel executive Raja Koduri “appeared on streamer Dr. Lupo’s show.” He toldblankhim point- :

“Being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty solvable problem. And you know, we are working on that, and at some point in time, hopefully not too far into the future, we will kinda share some interesting hardware for that.”

BTC price chart for 01/18/2022 on Bitstamp | Source: BTC/USD on TradingView.com

Indeed, Why Is This Development from another perspective Important?

Until right away, ASIC Bitcoin miners manufacturing is controlledhandlingby Bitmain and Microbt, with Canaan, Strongu, and Ebang a minority of the niche. All of those companies are Chinese. The chips are all made in Taiwan and South Korea. This poses a centralization problem for the Bitcoin network that seemed unsolvable until Intel’s soft announcement.

Now, the open-source Bitcoin miner that Jack Dorsey’s BlockIt’s worth noting that If this whole thing materializes, expect a huge leap forward in the further decentralization of Bitcoin mining. Interestingly, is working on makes a lot more sense. Theoretically, the silicon chip is the only part of an ASIC machine that can’t be bought in a hardware store. With that problembysolved, no less than an industry leader with immense manufacturing power, the sky’s the limit.

Interestingly, Intel, a $220 billion industry leader, is preparing to launch ASIC hardware for bitcoin mining.

Bitcoin is a computer network. Interestingly, Every enterprise will eventually plug themselvestechinto it.https://t.co/pbTFiRqx0B

— Pomp 🌪 (@APompliano) January 18, 2022

Actually, Also, Intel’s announcement certainly legitimizes Bitcoin mining as a business to watch for the continue 100 years. As podcaster Anthony Pompliano said, “Bitcoin is a computer network. Every technology firm will eventually plug themselves into it.” With announcement, Bitcoin not only gets Intel’s seal ofthisapproval. giant corporation instantly has skinThein the game.

Related Reading | Intel, Microsoft Took 10+ Years to See Gains, Crypto Investors in Good Position

To endthis off, let’s quote Tom’s Hardware one more time:

However, given that the chip is in the “highlighted Chip Releases: Digital/ML as it turns out ” follow and Koduri’s comments, will’s logical to expect that these chips it be offered to customers in the near prospect.” “For immediately, it isn’t clear if Intel will release the Bonanza Mine chip as aitoffering for the public or if remains confined to a research project.

It smells good, though. So, we said is not a done dealeverythingjust yet.

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