Reports claim Intel’s Bitcoin mining chip is less efficient
According to investigations by crypto mining experts, Intel’s blockchain chip can perform only half over other existing crypto mining chips.
Recently Intel Corporation announced that it will design its blockchain chip to provide a better ecosystem for Bitcoin mining to mine huge bitcoins with less power consumption. But the situation seems not much better than what the company claimed.
Chinese crypto blogger Colin Wu, who keeps his eye on activities in the crypto & blockchain industry, noted a report covered by wccftech.com.
Colin Wu wrote that Intel corporation published the specifications of its technical details of the first generation bitcoin mining chip. According to Wu, it may be like a 2018 product, and performance may be around 35J/T.
Raja Koduri, Senior Vice President and General Manager of Accelerated Computing Systems and Graphics division at Intel corporation, highlighted the current ongoing works on its blockchain chip.
Raja said:
“Argo Blockchain, BLOCK (formerly known as Square), and GRIID Infrastructure are our first customers for this upcoming product. This architecture is implemented on a tiny piece of silicon so that it has minimal impact on the supply of current products.”
Raja said that Intel will ship this chip at the end of this year and they are aimed to fulfill the requirements by directly getting engaged with the customers.
One of the executives of the Intel corporation stated that they aimed to fight more easily with the Intel Blockchain chip against the environmental impact of Bitcoin mining. So here we can say that we should wait for the final product instead of any initial analysis.
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