Intel Soon Launches Processors Capable Of Mastering Crypto Mining, Saves Up To 15 Percent Power

Processors from Intel are claimed to be more efficient for crypto mining. (photo; doc. unsplash)

JAKARTA – Intel, one of the largest computer processor manufacturers in the world, intends to unveil its “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as the Bonanza Mine at the upcoming IEEE International Solid-State Circuit Conference in February 2022.

Intel filed a patent in November 2018 outlining a similar idea for “High-performance Bitcoin mining.” It is suspected that the process described in this patent could make its way into the products exhibited at the ISSCC.

According to the patent, the ASIC behind the Bonanza Mine will be able to complete calculations just as effectively as any other ASIC while eliminating the need for repetitive or redundant calculations. The system is proposed to reduce the overall power consumption by about 15%.

The processors used to mine cryptocurrencies are notorious for experiencing shortages and declining sales. Intel will be a contender against companies like Bitmain, with the proposed Ether ASIC still awaiting release and Nvidia, a company that has also been struck by several examples of declining chip sales.

The demand for crypto mining is currently on the rise despite persistent processor shortages and inconsistent production costs. Even bigger.

Representatives from Intel seem confident in this regard as they enter the crypto mining industry and with new chips.

“Intel has been doing design work around the optimized SHA 256 ASIC for several years starting with the pathfinding work done at Intel Labs,” an Intel source was quoted as saying by Cointelegraph.

At the time of publication, it was unclear whether Intel would release the Bonanza Mine for retail sale or for industrial or research purposes only. Regardless, this product has the potential to catapult Intel into a major competitor in the crypto mining industry.