American technology company Intel has revealed some details about its new Bitcoin-mining chip. It was announced during IEEE International Solid-State Circuits Conference (ISSCC) 2022. The conference is centralized around an industry that is manufacturing chips and electronics in general.
Intel mentioned in their reports that new 2nd-gen Bonanza Mine chips are going to operate at 3,600 Watts. That would be the highest performance used for Bitcoin mining. The company’s reports from 2018 are showing that its goal was to reduce power consumption by approximately 15%. Bonanza mine chips are going to be ultra-low-voltage and very energy-efficient.
Intel is not scared of the competitors
Intel is fully aware of its competitors such as Bitmain, MicroBT, and NVidia. However, they are showing confidence in competing with such highly positioned players.
Bitmain’s miner Antmienr S19j Pro 104T is currently operating at 104 Thash/s at 3,068W. Their newest product, however, is operating at 140 Thash/s at 3010W. Even without the chip being released, it already got several customers. Some of them are BLOCK (CEO Jack Dorsey), Argo Blockchain, and GRIID Infrastructure.
The main goal is to increase Bitcoin (BTC) mining efficiency. Bonanza mine (BMZ2) would deliver 40 terahashes per second (40 TH/s).
The BMZ2 chips are going to draw the power of 2,293W for the performance of 40 TH/s. This is considered to be low energy consumption, around 56.97 joules per terahash (J/Th).
Each Bonanza Mine ASIC has 258 engines for mining. They will compute parallelly with SHA256 double hashes. Intel says that those engines will operate at a voltage of 355mV, which they characterized as low.
One ASIC is consuming an average of 7.5W apiece, going up to 137 Ghash/s. Each engine will operate at 1.35 to 1.6 GHz at 75 degrees celsius.
Sustainable solutions for blockchains to release full potential
Many believe BMZ2 will be greatly beneficial for Bitcoin and efficient mining. Bob Burnett said that this is going to be a bullish move for the industry. He is one of the former Intel employees of Divvy Systems/Barefoot Mining.
Intel confirmed that they have been working on a new crypto accelerator for a couple of years now. They are servicing the crypto mining hardware market which helps them grow too. One of the reasons is their tremendous production capacity.
Some would say that this is all a surprise. Yet, there have been many signs. Back in 2013, Intel produced SHA extensions for hardware-accelerated hashing operations.
By the end of 2022, Intel will start offering chips to consumers. Their first customer, GRIID is expecting to receive around 25% of the initial ASIC reserve by 2025. The first Bonanza chip already did wonders, so the expectations for BMZ2 are already set too high.
Your capital is at risk.
Read more:
Check live crypto rates here
Start trading today – See our list of exchanges
I have been surfing on-line more than 3 hours nowadays, but I by no means discovered any attention-grabbing article like yours. It¦s beautiful price enough for me. In my view, if all web owners and bloggers made excellent content material as you probably did, the internet will probably be a lot more useful than ever before.
Nice post. I was checking constantly this weblog and I’m impressed! Extremely helpful info specifically the ultimate section 🙂 I take care of such information much. I used to be looking for this certain info for a long time. Thank you and good luck.
We stumbled over here coming from a different website and thought I might as well check things out. I like what I see so now i’m following you. Look forward to exploring your web page repeatedly.
Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you
hello!,I really like your writing very so much! percentage we be in contact extra about your article on AOL? I need a specialist on this area to resolve my problem. Maybe that’s you! Taking a look ahead to look you.
Hey, you used to write great, but the last few posts have been kinda boring… I miss your super writings. Past few posts are just a bit out of track! come on!
I cherished as much as you will obtain performed right here. The cartoon is attractive, your authored material stylish. nevertheless, you command get bought an shakiness over that you want be handing over the following. ill definitely come more before once more as precisely the similar nearly very ceaselessly inside of case you protect this increase.
What¦s Going down i’m new to this, I stumbled upon this I have found It absolutely useful and it has helped me out loads. I am hoping to contribute & aid different users like its helped me. Good job.
This site is my inspiration , real great pattern and perfect articles.
I’m still learning from you, but I’m making my way to the top as well. I absolutely liked reading everything that is written on your website.Keep the tips coming. I loved it!
Your place is valueble for me. Thanks!…
It is actually a great and helpful piece of info. I’m glad that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.
I just couldn’t depart your website prior to suggesting that I really enjoyed the standard info a person provide for your visitors? Is going to be back often in order to check up on new posts
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an shakiness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this increase.
I was wondering if you ever considered changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?
Keep functioning ,impressive job!