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 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 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 charge 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 charge of 148.5 TH/s and eat between 1,228 to five,811 watts of energy at across the similar vitality effectivity.

Intel says it’ll begin delivery Blockscale throughout the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Applied sciences and GRIID Infrastructure can be among the many first corporations to develop new programs based mostly on the agency’s ASIC. Relating to the event, Jose Rios, normal supervisor of blockchain and enterprise options within the accelerated computing programs and graphics group at Intel, commented:

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