In a Monday announcement, Intel, the American chipmaker, released some juicy facts about its new Blockscale application-specific integrated circuit (ASIC). The second-generation Bitcoin mining chip can achieve a hash rate of 580 GH/s while maintaining a power efficiency of 26 J/TH. The device is capable of measuring voltage and temperature.
The innovation enables Intel to become a formidable rival in the Bitcoin mining industry, posing a threat to the monopolies of Bitmain and MicroBT, two Chinese firms that currently dominate the market. In terms of efficiency, Blockscale outperforms practically every other product offered by competing ASIC manufacturers.
By making mining more sustainable, the new rig could help to mitigate criticism of Bitcoin’s excessive energy consumption. According to Intel’s Jose Rios, the introduction of Blockscale will help to boost the Bitcoin mining ecosystem’s sustainability. According to the company’s release, the product will be able to provide great productivity without sacrificing energy efficiency.
The ultra-efficient mining chip will be available to Intel customers in the third quarter of 2022. Some of the most well-known cryptocurrency mining firms, including Hive Blockchain and Argo Blockchain, have already expressed interest in receiving Intel’s latest ASIC. During the ISSCC 2022 conference in February, Intel first revealed some facts regarding the first-generation Bonanza mining chip.
Let us see whether this chip will be efficient or not.
Read more: Evgeny Grabchak, Russian Energy Minister, shows concern over crypto mining
