Intel, the multi-national technology giant has scheduled to unveil a “Bonanza Mine” processor with a new chip called “Ultra Low Voltage Energy Efficient Bitcoin Mining ASIC” at the International Solid-State Circuits Conference (ISSCC) starting February 20th.
ASIC refers to application-specific integrated circuits that are particularly useful for numerical calculations in cryptographic mining. Intel’s move into crypto mining means that it may soon compete with companies like Bitmain.
An Intel spokeswoman said of Technology News’ Tom’s Hardware:
“Intel has been designing SHA256-optimized ASICs for several years, starting with pathfinding work at Intel Labs. We will inform you of the details in the future.”
In a live stream in late December, Raja Koduri, graphic processor head said that the company is working on specialized cryptographic hardware and technology. Koduri has confirmed that the new chip is completely separate from the graphics processing unit (GPU) and it “does great things with graphics, games, and all of them.” The company is already on its way to developing new mining-specific processors. In 2018, Tom reported that Intel patented a special processing system that uses the SHA256 encrypted data path which will optimize the high-performance Bitcoin mining.
Intel announced USD 780,000 in Coinbase shares last year, and will release its first line of discrete gaming graphic cards called Intel Arc Alchemist which will compete with rivals Nvidia and AMD in one market that urgently needs more players.
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