Intel launches new Bitcoin mining chip Blockscale

On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The appliance-specific built-in circuit, or ASIC, {hardware} is designed to function on proof-of-work blockchains utilizing SHA-256 encryption.

As instructed by Intel, Blockscale could have a hash price of as much as 580 gigahash per second (or 0.58 terahash per second, TH/s), consuming between 4.8 to 22.7 watts of energy, and having an power effectivity of as much as 26 joules per terahash (J/TH). Every chip will be mixed and merged right into a single mining unit, rising its output with a most of 256 built-in circuits per chain.

Blockscale idea artwork | Supply: Intel

As compared, Bitmain’s Antminer S19 Professional, one of many main Bitcoin mining machines available on the market, has a hash price of 110 TH/s, consumes 3,250 watts of energy, and possesses an power effectivity of 30 J/TH. Theoretically, a mining unit composed of 256 Blockscale chips would have a complete hash price of 148.5 TH/s and eat between 1,228 to five,811 watts of energy at across the identical power effectivity.

Intel says it is going to begin transport Blockscale throughout the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Applied sciences and GRIID Infrastructure shall be among the many first firms to develop new methods primarily based on the agency’s ASIC. Concerning the event, Jose Rios, basic supervisor of blockchain and enterprise options within the accelerated computing methods and graphics group at Intel, commented:

“We’re proud to collaborate with and supply options to firms which are making a extra sustainable cryptocurrency ecosystem globally. The Intel Blockscale ASIC will play a significant position in serving to Bitcoin mining firms obtain each sustainability and hash price scaling aims within the years forward.”