Intel said it is developing a chip designed specifically for cryptomining, which will be released by the end of the year.
In an interview with Bloomberg, Intel CEO Patrick Gelsinger said, that the company's innovative development will provide performance 1000 times higher than that of GPUs existing on the market today.Gelsinger didn't share details about the new chip, but promised to shed more light on its architecture at the International Solid-State Circuits Conference (ISSCC) in a couple of days.
It is already known that one of the first buyers of the new product from Intel will be the Block company, headed by former Twitter CEO Jack Dorsey.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Ethereum mining has been more profitable than Bitcoin mining for the seventh month
Ethereum mining has remained more profitable than mining the first cryptocurrency for the seventh month in a row.
GMO will make Zcash mining easier with free software
Japanese IT giant GMO Internet has announced new software for Zcash cryptocurrency miners. Cryptknocker software allows would-be miners to use Equihash-based crypto-variant algorithms using graphics processing units (GPUs) found on many standard personal computers.
