Tech giant Intel launched its second-generation bitcoin mining chip, called “Intel Blockscale ASIC”, which is designed to be more energy-efficient than those from rival crypto mining chips. The move could help the crypto community get on the winning side of the environmental, social, and governance (ESG) concerns that have long plagued the industry.
<h2 class="news article-title"><strong>Intel Unveils New Crypto Mining Chip</strong></h2>
On Monday, Intel <a href="http://Tech giant Intel announced today launched its second-generation bitcoin mining chip, called “Intel Blockscale ASIC”, designed to be more energy efficient than those from rival crypto mining chips. The move could help the crypto community get on the winning side of the environmental, social and governance (ESG) concerns that has long plagued the industry. On Monday, Intel unveiled its new Bitcoin (BTC) mining chip, featuring a 580 GH/s (gigahashes per second) hash rate, while consuming just 26 J/TH (joules per terahash), making it much more efficient. It also comes with 256 integrated circuits per chain, in addition to on-chip temperature and voltage sensing capabilities. Dubbed Blocksale, the chip was built with a focus on energy sustainability in the context of ESG (environmental, social, governance) concerns that continue to plague the industry. “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,” said Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel was quoted as saying. For comparison, a mining system consisting of 256 Intel Blockscale ASIC chips would supposedly output roughly 148 TH/s and consume about 3,860 watts (W) of power. While market leader, Bitmain, outputs 140 TH/s with an energy consumption of 3010 W, resulting in 21.5 J/TH of power efficiency." target="_blank" rel="nofollow noopener">unveiled</a> its new Bitcoin (BTC) mining chip, featuring a 580 GH/s (gigahashes per second) hash rate, while consuming just 26 J/TH (joules per terahash), making it much more efficient. It also comes with 256 integrated circuits per chain, in addition to on-chip temperature and voltage sensing capabilities.

Dubbed Blockscale, the chip was built with a focus on energy sustainability in the context of ESG (environmental, social, governance) concerns.
<blockquote><em>“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,”</em> said Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel was quoted as saying.</blockquote>
<h2><strong>Intel's Answer to Bitcoin's Energy Concerns</strong></h2>
As of now, Intel will provide only the ASIC mining chip, instead of delivering a complete ASIC mining system, currently common among rival companies.

For comparison, a mining system consisting of 256 Intel Blockscale ASIC chips would supposedly output roughly 148 TH/s and consume about 3,860 watts (W) of power. While market leader, Bitmain, outputs 140 TH/s with an energy consumption of 3010 W, resulting in 21.5 J/TH of power efficiency.

Intel Launches New Energy Efficient Bitcoin Mining Chips

Tech giant Intel launched its second-generation bitcoin mining chip, called “Intel Blockscale ASIC”, designed to be more energy efficient.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Intel Launches New Energy Efficient Bitcoin Mining Chips

Top Picks