Intel introduces a new Blockscale ASIC chip for crypt mining
Today, Intel introduces the 2nd Gen crypto mining chip Blockscale ASI with improved energy efficiency for proof-of-work consensus networks. It boasts a hash rate of up to 580 gigahashes per second (GH/s). The company also confirmed that several companies including Argo Blockchain, Block Inc, Hive Blockchain Technologies, and GRIID Infrastructure have already signed up to purchase the new chip.
Blockscale ASIC is a chip, not a mining machine. This chip will be used to develop a minor system. For now, the company plans to sell it to mining firms and maybe later to mining individuals as well. Intel says that the shipments of Intel Blockscale ASIC will begin in the third quarter of 2022.
- Hash Rate (GH/s): Up to 580 GH/s
- Power Consumption: 4.8 – 22.7 w
- Power Efficiency: Up to 26 J/TH
- Operating Temperature (Tj): 50°C to 85°C
- Flip-chip LGA: 7.5 x 7 mm
Enegery consumption is one of the biggest problems Cryptocurrency miners face. So, some companies are focusing to solve the issue by making powerful chips that can offer energy-efficient blockchain hashing. Intel is one of them. Intel also promises that it will be able to supply this new chip in enough volume without compromising the supply of new CPUs or GPUs.
If we take a look at the Bitcoin mining hardware market, Chinese chipmakers such as Bitmain and MicroBT are enjoying the largest market share. But the entry of big chipmakers like Intel will surely give them tough competition. Intel already has a reliable supply chain and the migration of miners to the US will also benefit the company.