Intel Starts Providing Bitcoin Mining Chip
- July 5, 2022
- 0
Intel has announced the start of delivery of an ASIC chip for bitcoin mining to selected customers. The Intel AXG Custom Computing team is now shipping the Block-Scale
Intel has announced the start of delivery of an ASIC chip for bitcoin mining to selected customers.
The Intel AXG Custom Computing team is now shipping the Block-Scale ASIC! The first product will always be unforgettable, congratulations team👍
excited to see how @ArgoBlockchain @Cage and @HiveBlockchain Improvise around blockscale and our open design. pic.twitter.com/0rxtNTLMfw– Raja Koduri (Bali Makaradhwaja) (@RajaXg) 29 June 2022
Raja Koduri, Senior Vice President of Architecture, Graphics and Software, Intel tweeted:
“The Intel AXG Custom Computing team now ships Block-Scale ASICs! The first product is always memorable, congratulations to the team. Glad to see how Argo Blockchain is doing, GRIID Infrastructure and HIVE Blockchain improvise with Blockscale and our open design.”
In February, the company introduced the Bonanza Mine, its first dedicated digital gold mining chip. ASIC specifications turned out to be significantly inferior to flagships on the market.
Already in April, Intel announced the second generation of the Blockscale bitcoin mining chip. Journalists found information confirming that the manufacturer’s ASIC outperformed competitors by about 15% in efficiency.
Blockscale’s first clients included HIVE Blockchain Technologies, Argo Blockchain, GRIID Infrastructure, and Jack Dorsey’s Block. The second firm does not appear in Koduri’s tweet about the start of deliveries.
“HIVE is proud to partner with Intel. We look forward to using the new ASICs for BTC mining,” the Canadian company replied.
$HIVE proud to be a partner @inteland we look forward to putting the new ASICs to good use in mining. $BTC! https://t.co/qDWKnU95MI
— HIVE (@HiveBlockchain) 29 June 2022
The mining firm signed an agreement with the chip maker to purchase bitcoin mining equipment in March. Deliveries were expected to begin in the second half of the year. In June, HIVE sold around 10,000 ETH to “fund a strategic relationship” with Intel.
Argo Blockchain extended its personal thanks to the chip manufacturer and to Koduri.
Thank you, @RajaXg and @intel. We are excited to innovate with these new ASIC chips in our custom immersion mining rigs. thanks @ePICBlockchain for joining us on the journey. https://t.co/pKlxDjkm08
— Argo (@ArgoBlockchain) 29 June 2022
“We are very excited to innovate with these new ASIC chips in our custom immersion mining rigs. We thank ePIC Blockchain Technologies for joining us on this journey,” he said.
In May, Argo Blockchain signed an agreement with ePIC Blockchain to acquire 6,600 Bitcoin miners powered by Blockscale. The contract provides the possibility to order up to 23,400 additional units.
Recall that in February, Intel CEO Pat Gelsinger criticized bitcoin for its impact on the environment, saying the company’s ASIC chip would “help develop the technology in a responsible and sustainable way.”
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
