Intel Announces Mining Chips’ First Clients: BLOCK, Argo Blockchain, and GRIID
Perhaps Intel’s decision to enter the global Bitcoin mining market will be a historic event this year. Raja Koduri, Vice President and General Manager of the Accelerated Computing Systems and Graphics Group, briefly spoke about the company’s strategy in this area.
According to Koduri, Intel has made the realization of the blockchain potential its main task and is developing highly efficient computing technologies with the lowest possible energy costs. The company’s plans are much more extensive than expected. Their solution has its own peculiarity, which other companies are striving for.
Intel also announces the prospect of the effectiveness of its contribution to blockchain technology. Intel is committed to using a transparent and secure system for blockchain and is considering the possibility of other companies using these new technologies.
The new mining chips are called “accelerators”, but are they reliable and stable, as Intel claims. Intel’s research has been conducted for many years and is aimed at improving the reliability of cryptography, hashing methods and ultra-low voltage circuits. According to the latest data, Intel’s latest circuitry developments will provide acceleration by more than a thousand times, performance will improve compared to the commonly used graphics processes for mining based on SHA-256.
The company seeks to close people’s discontent that mining consumes too much energy. After all, the improved characteristics of Intel products will change the structure of mining in favor of ecology
Probably, other companies knew about Intel’s plans to release a chip for bitcoin mining. According to Raja Koduri, this year the acceleration chip for Bitcoin will be available for purchase. The company directly contacts customers who provide support for stable development. Argo blockchain, BLOCK (formerly Square) and GRIID infrastructure will be the first customers of the new product. The architecture of the project is based on such a small piece of silicon that it has minimal impact in terms of supplies.
An energy-efficient ASIC chip with ultra-low voltage from Intel can be a very important event for the mining industry. Now there is a shortage of chips, because of this, the appearance of new miners is delayed. And Intel’s development will help the United States and the rest of the West to solve this issue.
The open-source Bitcoin miner being developed by Jack Dorsey has significant weight. The silicon chip is the only part of the ASIC machine that is not so easy to find. And when the problem is solved by a large company that is an industry leader with a large production capacity. If all the plans come true, then mining is waiting for a big leap forward
The chip project is very important for Intel at the moment, they have high hopes for it. Koduri said the company also wants to develop custom silicon platforms optimized for customer workloads, including blockchain and other hardware acceleration options. In the future, it is planned to introduce these technologies into other computing efficient solutions.
