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You are at:Home » Intel To Ship A New Ultra Fast Bitcoin Mining Chip This Year; Argo Blockchain, BLOCK Among First Clients
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Intel To Ship A New Ultra Fast Bitcoin Mining Chip This Year; Argo Blockchain, BLOCK Among First Clients

The new Intel chip has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining.
Arun ShakyawarBy Arun ShakyawarFebruary 11, 2022Updated:February 12, 2022No Comments2 Mins Read
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Intel To Ship A New Ultra Fast Bitcoin Mining Chip This Year
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Intel has formed a New Custom Compute Group dedicated to the development of “the most energy-efficient computing technologies at scale”. The world’s second-largest semiconductor chip manufacturer will enter into the Bitcoin mining space with its new Ultra Fast Bitcoin Mining Chip slated to be launched later this year.

  • The objective of the Custom Compute Group is to build custom silicon platforms optimized for customers’ workloads, including blockchain and other custom accelerated supercomputing opportunities at the edge, Raja M. Koduri, senior vice president and general manager of the Accelerated Computing Systems and Graphics Group at Intel Corporation, told in a blog post.
  • Intel reiterated its commitment to the development of blockchain technologies with a roadmap of energy-efficient accelerators.
  • “Blockchain is a technology that has the potential to enable everyone to own much of the digital content and services they create. Some even call it an inflection point in computing, fundamentally disrupting the way we store, process and transact our digital assets as we usher in the era of metaverse and Web 3.0. No matter how the future evolves, it is certain the availability of a lot more compute to everyone will play a central role,” Raja mentioned.
  • Raja stated that some blockchains require an enormous amount of computing power, which unfortunately translates to an immense amount of energy. As per Raja, Intel is focusing its efforts on realizing the full potential of blockchain by developing the most energy-efficient computing technologies at scale.
  • To support this, and additional emerging technology, Intel has formed the new Custom Compute Group within Intel’s Accelerated Computing Systems and Graphics (AXG) business unit. The objective of this new business unit is to build custom silicon platforms optimized for customers’ workloads, including blockchain and other custom accelerated supercomputing opportunities at the edge.
  • Intel’s Bitcoin mining chip, or what the company says the blockchain accelerator, will ship later this year.
  • Argo Blockchain, BLOCK (formerly Square) and GRIID Infrastructure are among the first customers for Intel’s upcoming mining chip.
  • The new Intel chip has over 1000 times better performance per watt than mainstream GPUs for SHA-256 based mining.
  • Intel will unveil its ultra-low-voltage energy-efficient Bitcoin-mining chips at the ISSCC chip conference this month.

Read Also: Intel Purchased a Digital Currency for 5 Years

Bitcoin Mining Intel
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Arun Shakyawar
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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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