Is Intel Constructing an Eco-Pleasant ASIC?

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Key Takeaways

Intel is scheduled to current its “Bonanza Mine” processor at February’s ISSCC convention.
Particulars on the brand new Bitcoin mining {hardware} embrace that it’s “ultra-low-voltage” and “energy-efficient.”
Intel has been engaged on the issue of effectivity in blockchain validation for years.

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Intel is scheduled to current its new energy-efficient “Bonanza Mine” processor on the upcoming Worldwide Stable-State Circuits Convention this February. The processor is described as “an ultra-low-voltage energy-efficient Bitcoin mining ASIC” and it could symbolize a extra environmentally-friendly technique of mining Bitcoin.

Intel Innovates in Bitcoin Mining

The world’s largest semiconductor producer could enter the Bitcoin mining {hardware} market with a extra eco-friendly product. 

Intel is scheduled to current “Bonanza Mine: An Extremely-Low-Voltage Vitality-Environment friendly Bitcoin Mining ASIC” at this February’s ISSCC convention, based on the occasion’s agenda. The language of the title would recommend that Intel is concerned about bringing a extra environmentally-friendly ASIC to the market.

ASICs, or application-specific built-in circuits, are processors which can be tailor-made for specific somewhat than basic makes use of. Bitcoin is primarily mined through ASICs somewhat than CPUs or GPUs. 

Whereas particulars of Intel’s plans are nonetheless unclear, there are hints as to its path on this regard. In Nov. 2018, the corporate filed a patent for an “optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining.” SHA-256 is the cryptographic hash operate utilized in Bitcoin’s Proof-of-Work mining algorithm. 

Moreover, Intel’s senior vp and basic manger of accelerated computing techniques, Raja Koduri, confirmed final month that Intel was working to unravel varied issues when it comes to blockchain validation effectivity. Koduri stated that “having the ability to do rather more environment friendly” blockchain validation was a “fairly solvable downside,” and that Intel had plans to  share sure “fascinating {hardware}” within the close to future. 

Bitcoin mining at the moment consumes an estimated 137.4 terawatt-hours of electrical energy per yr—extra electrical energy than many countries eat. Nonetheless, a large portion of this electrical energy is expended from renewable sources, because the College of Cambridge estimated in 2020 that 39% of “Proof-of-Work” mining “is powered by renewable vitality.”

Intel is scheduled to current Bonanza Mine on Feb. 23.

Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and a number of other different cryptocurrencies. 

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