Is Intel Building an Eco-Friendly ASIC?


Key Takeaways

Intel is scheduled to current its “Bonanza Mine” processor at February’s ISSCC convention.
Details on the brand new Bitcoin mining {hardware} embody that it’s “ultra-low-voltage” and “energy-efficient.”
Intel has been engaged on the issue of effectivity in blockchain validation for years.

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Intel is scheduled to current its new energy-efficient “Bonanza Mine” processor on the upcoming International Solid-State Circuits Conference this February. The processor is described as “an ultra-low-voltage energy-efficient Bitcoin mining ASIC” and it might signify a extra environmentally-friendly technique of mining Bitcoin.

Intel Innovates in Bitcoin Mining

The world’s largest semiconductor producer could enter the Bitcoin mining {hardware} market with a extra eco-friendly product. 

Intel is scheduled to current “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” at this February’s ISSCC convention, in keeping with the occasion’s agenda. The language of the title would counsel that Intel is excited about bringing a extra environmentally-friendly ASIC to the market.

ASICs, or application-specific built-in circuits, are processors which are tailor-made for specific somewhat than common makes use of. Bitcoin is primarily mined through ASICs somewhat than CPUs or GPUs. 

While particulars of Intel’s plans are nonetheless unclear, there are hints as to its course on this regard. In Nov. 2018, the corporate filed a patent for an “optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining.” SHA-256 is the cryptographic hash perform utilized in Bitcoin’s Proof-of-Work mining algorithm. 

Furthermore, Intel’s senior vp and common manger of accelerated computing techniques, Raja Koduri, confirmed final month that Intel was working to unravel varied issues by way of blockchain validation effectivity. Koduri mentioned that “being able to do much more efficient” blockchain validation was a “pretty solvable problem,” and that Intel had plans to  share sure “interesting hardware” within the close to future. 

Bitcoin mining at the moment consumes an estimated 137.4 terawatt-hours of electrical energy per 12 months—extra electrical energy than many countries devour. However, a large portion of this electrical energy is expended from renewable sources, because the University of Cambridge estimated in 2020 that 39% of “Proof-of-Work” mining “is powered by renewable energy.”

Intel is scheduled to current Bonanza Mine on Feb. 23.

Disclosure: At the time of writing, the creator of this piece owned BTC, ETH, and several other different cryptocurrencies. 

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