The largest chip manufacturer Intel is entering the cryptomining market with a new revolutionary chip.
On February 23, at the ISSCC conference, technology giant Intel will present its new Bonanza Mine processor. So far, few details are known about the new product. All information will be provided at the presentation. The company announced its product as a high-performance ASIC miner that consumes extremely little power.
Intel patented a SHA-256 cryptographic data processing system for Bitcoin mining back in 2018. Given its extensive experience in developing silicon chips and hardware algorithms, Intel can compete in the mining hardware market with the industry's largest players.
The company noted that the new chip will be completely separate from graphics processing units (GPUs), which are designed for graphics and games.
Subscribe to ForkNews on Telegram to always stay up to date with the latest news from the world of cryptocurrencies
You May Also Like
The CEO plans to start building a mining farm for $251 million
The CEO of a company that plans to build a data center for cryptocurrency mining west of Butte, Montana, isn't worried about the price of Bitcoin, which has fallen to nearly $3,200. In fact, Power BLock Coin LCC co-founder Aaron Tilton believes that the price reduction could benefit some miners.
Bitcoin will use 0.5% of global electricity by the end of 2018
According to research, the bitcoin network currently consumes as much electricity as the whole of Ireland, and by the end of the year this figure will be 0.5 percent of all electricity consumed in the world.
