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Intel launches new Bitcoin mining chip Blockscale

07 Apr 2022 By : Coin Gabbar
Intel launches new B

On Monday, semiconductormanufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip,Blockscale.

The application-specific integrated circuit, or ASIC, hardware isdesigned to operate on proof-of-work blockchains using SHA-256 encryption.

As told by Intel, Blockscale willhave a hash rate of up to 580 gigahash per second (or 0.58 terahash per second,TH/s), consuming between 4.8 to 22.7 watts of power, and having an energyefficiency of up to 26 joules per terahash (J/TH). Each chip can be combinedand merged into a single mining unit, increasing its output with a maximum of256 integrated circuits per chain.

In comparison, Bitmain'sAntminer S19 Pro, one of the leading Bitcoin mining machines on the market, hasa hash rate of 110 TH/s, consumes 3,250 watts of power, and possesses an energyefficiency of 30 J/TH. Theoretically, a mining unit composed of 256 Blockscalechips would have a total hash rate of 148.5 TH/s and consume between 1,228 to5,811 watts of power at around the same energy efficiency.

Intel says it will startshipping Blockscale during the third quarter of 2022. Argo Blockchain, Block,Hive Blockchain Technologies and GRIID Infrastructure will be among the firstcompanies to develop new systems based on the firm's ASIC. Regarding thedevelopment, Jose Rios, general manager of blockchain and business solutions inthe accelerated computing systems and graphics group at Intel, commented:

"Weare proud to collaborate with and provide solutions to companies that arecreating a more sustainable cryptocurrency ecosystem globally. The IntelBlockscale ASIC will play a major role in helping Bitcoin mining companiesachieve both sustainability and hash rate scaling objectives in the yearsahead."