Reports point out that Intel, one of many largest pc processor producers, intends to disclose a brand new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” often called Bonanza Mine on the upcoming IEEE International Solid-State Circuits Conference in February 2022.
Intel submitted a patent in November 2018 outlining related concepts for “high-performance Bitcoin Mining.” It is suspected that the processes described within the patent may make their approach into the product being proven off on the ISSCC.
According to the patent, the ASIC behind the Bonanza Mine will have the ability to end calculations simply as successfully as different ASICs whereas eliminating the necessity for repeated or redundant computations. This system is proposed to cut back general energy consumption by roughly 15%.
The processors used for mining crypto are infamous for being topic to shortages and diminishing gross sales. Intel would change into a competitor towards firms like Bitmain, with a proposed Ether ASIC nonetheless pending launch and Nvidia, an organization that was additionally struck by a number of cases of declining chip gross sales. Demand for crypto mining has been rising steadily regardless of fixed processor shortages and inconsistent manufacturing prices.
Representatives from Intel appeared assured with reference to getting into the crypto mining trade and with the brand new chip, commenting:
“Intel has done design work around SHA 256 optimized ASICs for several years beginning with pathfinding work done in Intel Labs.”
At the time of publication, it’s unclear whether or not Intel will launch the Bonanza Mine for retail sale or if it will likely be strictly for industrial or analysis functions. Regardless, this might probably catapult Intel into turning into a major competitor throughout the crypto-mining trade.