Intel’s new low-power bitcoin mining microchip expected to start shipping in Q3
In a statement on Monday, Intel revealed details about its recently released mining chip, the Blocksale ASIC.
The mining chip reportedly has a hash rate of 580 gigabits per second (GH/s) and a power efficiency of 26 joules per terahertz (J/TH).
580 GH/s is equivalent to 0.58 TH/s. This is significantly lower than existing ASIC manufacturers offering 112 TH/s.
The infrastructure is designed to support up to 256 ICs per chain, meaning chips can be incorporated into a single mining unit.
A report by Cointelegraph estimated that a mining unit with 256 Intel Blockscale ASICs would consume between 1,228 and 5,811 watts of power, with a total hash rate of 148.5 TH/s, roughly the same power efficiency as the market-leading Bitcoin miners.
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, Block Inc. (NASDAQ: SQ), Hive Blockchain Technologies and GRIID Infrastructure will be the first customers to receive Blockscale ASIC shipments in the third quarter of 2022.
“Intel’s Blockscale ASICs will play an important role in helping Bitcoin mining companies achieve hash rate scaling and sustainability goals in the years ahead,” explained Jose Ríos, general manager of blockchain and business solutions at Accelerated. Intel Computing Systems and Graphics Group.
Shares of Intel closed up 2.27 percent at $49.20 on Monday, according to data from Benzinga Pro.