Unveil ultra mining asic february

unveil ultra mining asic february

A single ledger entry in Bitcoin consumes enough energy to power your house for almost a day. That’s a climate crisis, right, at that point, and the more you use it.

If we produce a technology that consumes that much energy, wow, that’s not okay. And then… most of the uses when I said that were illicit, right? And it couldn’t be regulated. So, it could become a currency for nations and for people to use broadly as well.

I have this mantra, you know, and we at Intel believe deeply that we have to be shaping technology as a force for good, right? If it’s being used for bad purposes, a climate crisis… Well, that is not good yet.

With Intel’s industry presence as one of the largest semiconductor chip manufacturers globally, this latest announcement comes at a strategic period, as Bitcoin steadily closes in on its 21 million threshold.

With the release of Intel’s 12th generation CPUs and its first generation of GPUs, it is steadily gaining back the momentum that it has held over competitors such as AMD and now Nvidia, especially in the high-performance hardware market for desktop and mobile processors. As it goes into the crypto mining hardware space, the added layer of competition will likely rebalance the bearings for crypto mining enthusiasts who often find themselves in competition with other consumers who also need the same GPUs.

Last year in March, AMD announced that it is alsodeveloping crypto-specific mining hardware.

These include Fitch Ratings and the U.S Inland Revenue Services.

With government and regulatory scrutiny heightened, there has been an even greater need for a more environmentally friendly Proof-of-Work Asic.

Intel Unveils new Bitcoin Asic Miner

In late January, we had reported an Intel (INTC) plan to enter the Bitcoin mining space.

Intel planned to introduce a new “Ultra-Low-Voltage-Energy-Efficient Bitcoin Mining Asic”. Intel aimed to “reduce overall power consumption by approximately 15%.

According to the news wires, Intel unveiled the Bonanza Mine at the International Solid-State Circuits Conference (ISSCC).

Unveil ultra mining asic february6

Intel has unveiled its latest application-specific integrated circuit (ASIC) chip, which will “provide customers with energy-efficient hashing for proof-of-work consensus networks.”

On April 4, Intel Corporation issued a press release to announce details of the Intel Blockscale ASIC.

Balaji Kanigicherla, Intel vice president and general manager of Custom Compute in the Accelerated Computing Systems and Graphics Group, had this to say:

Momentum around blockchain continues to build. It is the enabler of decentralized and distributed computing, making way for innovative business models.

To power this new era of computing, Intel is delivering solutions that can offer an optimal balance of hashing throughput and energy efficiency regardless of a customer’s operating environment.

Our customers are asking for scalable and sustainable solutions, which is why we are focusing our efforts on realizing the full potential of blockchain by developing the most energy-efficient computing technologies at scale.

Our blockchain accelerator will ship later this year. We are engaged directly with customers that share our sustainability goals.
Argo Blockchain, BLOCK (formerly known as Square) and GRIID Infrastructure are among our first customers for this upcoming product. This architecture is implemented on a tiny piece of silicon so that it has minimal impact to the supply of current products.

Intel Labs has dedicated decades of research into reliable cryptography, hashing techniques and ultra-low voltage circuits.

Leading technological corporation Intel is going to unveil a new, environmentally friendly BTC mining ASIC at the upcoming International Solid-State Circuits Conference (ISSCC), which will take place next month.

Related: Crypto Mining Firm Bitmain Stops Shipping to China

In the program, published by ISSCC, it’s mentioned that session 21, highlighting chip launches, and scheduled on February 23, includes Intel’s ultra-voltage energy-efficient BTC mining ASIC named Bonanza Mine. Application-specific integrated circuits (ASICs) are systems developed for certain use cases and not for general-purpose.

This means Bitcoin mining ASIC can only be used for mining BTC and not other crypto assets.

ASICs require less power consumption as they use specific algorithms.
Intel showed interest in crypto space before.

We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining. You will be able to learn more about our circuit innovations at the International Solid State Circuit Conference (ISSCC) this month.“

He went on to say:

To support this, and additional emerging technology, we have formed the new Custom Compute Group within Intel’s Accelerated Computing Systems and Graphics business unit.

The objective of this team is to build custom silicon platforms optimized for customers’ workloads, including blockchain and other custom accelerated supercomputing opportunities at the edge.

Koduri, Senior Vice President and General Manager of the Accelerated Computing Systems and Graphics (AXG) Group at Intel, made the following announcement:

Today, we at Intel are declaring our intent to contribute to the development of blockchain technologies, with a roadmap of energy-efficient accelerators. Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way.

We are mindful that some blockchains require an enormous amount of computing power, which unfortunately translates to an immense amount of energy.

Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel, said:

Intel is committed to advancing blockchain technology in a responsible way, and we’re proud to collaborate with and provide solutions to companies that are creating a more sustainable cryptocurrency ecosystem globally. The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead.

Intel went on to say that the Intel Blockscale ASIC is a “dedicated Secure Hash Algorithm-256 (SHA-256) ASIC processor” that delivers “up to 580 GH/s hash rate operating and up to 26 J/TH power efficiency.”

Intel expects to ship the Intel Blockscale ASIC to customers starting in Q3 2022.

ASIC) chip made for Bitcoin mining, with a tentative release date in February.

According to theconference agendafor the International Solid-State Circuits Conference (ISSCC) to be held in February 19-26, Intel will be unveiling its new “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC,” a move that would position Intel in a competitive space, operating alongside crypto-specialized manufacturers such as Bitmain, Whatsminer, and MicroBT.

Last year in October, alongside its announcement of its 12th-gen Alder Lake CPU series and the unveiling of its first generation of GPUs, the Intel® Arc™ series, Intel stated that it will not be setting limits for Ethereum mining on the new GPUs, unlike its competitors, Nvidia and AMD.

The Bonanza Mine ASIC mining units are said to be designed as low-voltage and energy efficient.

According to a report by Cointelegraph, yesterday (February 20), at the virtual International Solid-State Circuits Conference (ISSCC), Intel unveiled its second generation Bitcoin mining ASIC, which is called Bonanza mine (BMZ2).

The report mentioned that BMZ2 is “an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver 40 Terahashes per second (40 TH/s) performance.” It went on to say:

The BMZ2 chips are expected to follow an architecture similar to its 1st-gen mining chip BMZ1, wherein over 300 chips, powered by a 3600W miner, work together to deliver up to 40TH/s in a balanced environment.

Intel’s next-generation BTC miner will be able to deliver a balanced performance of 40.4 TH/s by drawing 2,293W of power — recording a low energy consumption of 56.97 joules per terahash (J/Th).

Crypto mining has been an area of intense regulatory and government scrutiny recently. Following China’s ban on Bitcoin (BTC) mining last summer, government chatter had been silent until the start of the year.

Governments Scrutinize Crypto Mining

In January, an energy crisis across Eastern Europe led to the Kosovo Government banning crypto mining.

The government imposed a ban to curb energy consumption. By global standards, Kosovo only accounted for 0.01% of Bitcoin’s global hash rate in August 2021.

According to the Cambridge Centre for Alternative Finance, the U.S.
was the largest, with a total Bitcoin mining hashrate of 35.4%.

As a result of the U.S ranking as the world’s largest Bitcoin miner, U.S Congress held a subcommittee hearing on Crypto-mining and the environment back in January.

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