Intel launches new bitcoin mining chip, blockscale

Intel announced details for its new bitcoin mining chip, the Intel Blockscale ASIC, which seeks to increase energy efficiency of Proof-of-Work (PoW) mining through the company’s decades of research and development in related areas, as per a press release sent to Bitcoin Magazine

“The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead,” said Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel.

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Intel will provide its customers with only the ASIC chip itself, instead of delivering a complete ASIC mining system as is currently common in the industry.

Each Blockscale ASIC chip will deliver up to 580 gigahashes per second (GH/s) of hash rate with up to 26 joules per terahash (J/TH) of power efficiency and support up to 256 integrated circuits per chain, in addition to featuring on-chip temperature– and voltage–sensing capabilities.