- Next February, Intel will present a chip to mine Bitcoin (BTC) during the Solid-State Circuits Conference.
- This will have the characteristics of having an ultra-low voltage, which would reduce electricity consumption and thus reduce the carbon footprint of crypto mining.
- Before this device, Intel chips were used indirectly by part of the crypto mining sector of Bitcoin and other altcoins.
Intel, a firm founded in 1968 and the largest chipmaker in the market with a market capitalization of more than $222 billion dollars, is ready to be a part of the world of cryptocurrencies, especially the Bitcoin ecosystem.
Intel’s arrival in the world of Bitcoin Proof of Work (PoW) mining will take place inn February with the presentation of a BTC mining chip, which according to what was revealed will work with a “ultra low voltage and energy efficient”.
Intel will present its ASIC at a conference
The revelation of this news was made known through the programming of the international conference Solid-State Circuits Conference (ISCC) that will take place virtually from February 20 to 24, 2022. In the panel entitled “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC“Intel will make the presentation of a Bitcoin mining ASIC.
This virtual conference will take place on February 23 at 9:00 AM Mexico City time. And of course, in Bitcoin Mexico we will be aware of more details of this Intel ASIC chip that aims to revolutionize Bitcoin mining.
However, it is worth mentioning that experts are still debating whether Intel will present the ASIC to the public by fully entering the BTC ecosystem, or on the contrary, it will present the progress of this project. Whatever the outcome, it will be a big step for the American chip firm, and an even bigger one for the crypto-mining subsector.
Intel, a sleeping giant?
Currently the mining world is mainly dominated by Chip providers, Bitmain, MicroBT and Nvidia. But nevertheless, Intel chips were used indirectly by part of the crypto mining sector of Bitcoin and other altcoins.
In addition, it is worth noting that due to the coronavirus pandemic, the closure of borders and international trade routes, and of course the trade war between China and the United States, one of the most affected sectors has been micro transistors. .
This, in turn, has generated a global shortage of microchips that has impacted from the automotive industry, through the telephone industry, to the crypto mining industry, causing the large suppliers of mining machines have had to take action to keep their customers happy.
For example, we have the case of NVIDIA, which is not only a provider of mining chips but of video games, but, The situation led it to launch crypto mining limiters for its GPU, with the intention that cryptocurrency miners would not leave gamers without graphics cards.
However, last October, and perhaps preparing for this moment, Intel announced that it will not include mining limiters to its GPUs.
“We are not designing this product or building any features at this time that specifically target miners. As far as the actions we’re taking to prevent or block them, it’s a product that will be on the market and people will be able to buy it,” said Roger Chandler, Intel vice president and general manager of customer graphics products and solutions.
Will Intel be able to spark a Chip supplier war? Will its competitors have the financial and technical muscle to take on supergiant Intel?
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