Intel introduces new Bitcoin mining chips Focused on Sustainability

The "Intel Blockscale ASIC," a second-generation Bitcoin mining chip revealed in February, was released today.

The device has a hash rate of 580 GH/s while consuming only 26 J/TH (joules per terahash), making it significantly more efficient. The hash rate refers to how rapidly a miner can generate answers to Bitcoin's next block, whereas the joules per terahash refers to how much energy is used to make each terahash. 1 trillion hashes make up a terahash.

Bitmain's Antminer S19 Pro+ Hyd hashes at 198 TH/s while utilizing 27.5 J/TH, while MicroBT's Whatsminer M30S++ hashes at 112 TH/s while spending 31 J/TH.
Intel introduces new Bitcoin mining chips Focused on Sustainability

The chip was designed with an emphasis on energy sustainability in the context of ESG (environmental, social, and governance) challenges that continue to plague the business, according to Intel's website. 

For example, Ripple's co-founder is now supporting a movement to completely phase out Bitcoin mining, which consumes more energy than Norway.

Fears about energy are also influencing legislators. As part of a crypto regulatory package, the European Union proposed a "de facto" ban on Bitcoin mining last month. Granted, lawmakers voted 32-23 to reject a version of the bill that featured a proof-of-work ban.

Intel Vice President Balaji Kanigicherla said in a statement that "to fuel this next era of computing, Intel is developing solutions that can achieve an ideal mix of hashing throughput and energy efficiency independent of a customer's operating environment."

The device will purportedly have "on-chip temperature and voltage sensing capabilities," as well as capability for 256 integrated circuits per chain, which were not included in Intel's initial "Bonanza Mine" CPU. Furthermore, the company claims that because of the "nature" of the silicon utilized, it can be produced in large quantities "without impacting the supply of new CPUs and GPUs."

Prior to Intel's market entry, Block CEO Jack Dorsey stated last year that silicon manufacture and supply were "too concentrated" and "overly limited." Block is one of the first clients of Intel's new chip, which will be available in the third quarter of this year, and is focused on developing its own energy-efficient mining system. Argo Blockchain, Hive Blockchain Technologies, and GRIID Infrastructure are among the other first beneficiaries.

"Intel will be working with and providing prospective customers that share the business's sustainable ambitions in 2023 and beyond," the company added.

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