September 29, 2022

Intel introduced a new chip for bitcoin mining

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Intel has announced the launch of the second generation of its own bitcoin ASIC chip called Blockscale.

Blockscale will provide a hashrate of up to 0.58 TH/s with an energy efficiency of around 26 J/TH. 256 chips can be combined into one circuit (~148.5 TH/s).

The company said that the nature of the semiconductors used in the technology will allow Blockscale to mass-produce without jeopardizing the supply of new CPUs or GPUs.

It is planned that the chip will become available to customers from the third quarter of 2022. Among the first customers in Intel called Argo Blockchain, Block, Hive Blockchain Technologies and GRIID Infrastructure.

In February, Intel introduced its first Bonanza Mine mining chip and a device based on it. The 300-chip ASIC miner provided a hash rate of up to 47.7 TH/s and an energy efficiency of 55 J/TH. The figures turned out to be significantly lower than the flagships of the market.

GRIID has been named as one of the chip’s early customers. However, in its prospectus, filed before going public with the SEC, journalists found information about future deliveries of higher-performance ASIC miners.

It was about the proposed purchase of devices with a computing power of 135 TH / s and an energy efficiency of 26 J / TH. According to the latter indicator, the air-cooled rig turned out to be 15% more efficient than one of the leaders in the Antminer S19 Pro segment from Bitmain.

GRIID did not explicitly name the supplier, calling it “a leading US integrated circuit manufacturer.” At the same time, Intel is the only chipmaker in the country.

Recall that in March, HIVE Blockchain announced an agreement with Intel to purchase mining equipment with expected delivery in the second half of 2022.

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