Intel launches new Bitcoin mining chip Blockscale

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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 informed by Intel, Blockscale can have a hash fee 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 vitality effectivity of as much as 26 joules per terahash (J/TH). Every chip could be mixed and merged right into a single mining unit, growing its output with a most of 256 built-in circuits per chain.

Blockscale idea artwork | Supply: Intel

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

Intel says it can begin delivery Blockscale in the course of the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Applied sciences and GRIID Infrastructure can be among the many first firms to develop new methods based mostly 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 serious position in serving to Bitcoin mining firms obtain each sustainability and hash fee scaling goals within the years forward.”

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