Intel Details Bitcoin Mining Chip ‘Bonanza Mine’

afromusictalk February 21, 2022 10:49 am 0

Intel has shared particulars of its previous explorations on bitcoin mining application-specific built-in circuits (ASICs) at ISSCC 2022, a worldwide discussion board for presentation of advances in solid-state circuits and systems-on-a-chip, reported Tom’s Hardware.

Intel’s power-efficient chip, known as Bonanza Mine, is fabricated in a 7nm course of and bundled in plenty of 300 to compose a full-fledged 3,600W bitcoin mining machine that may carry out as much as 40 terahashes per second (TH/s).

Intel’s bitcoin mining rig is composed of hundreds of specialized chips, the Bonanza Mine ASICs, which together can output 40TH/s of hashrate capacity and consumes 3,600W of power. Source: Tom’s Hardware. — Intel’s bitcoin mining rig consists of lots of of specialised chips, the Bonanza Mine ASICs, which collectively can output 40TH/s of hashrate capability and consumes 3,600W of energy. Supply: Tom’s {Hardware}.

When news surfaced that Intel would give a presentation a couple of bitcoin mining ASIC at ISSCC, it appeared that it might current a brand new chip. Nonetheless, an Intel consultant later informed Bitcoin Journal that “the SHA-256 ASIC referred to within the paper being introduced at ISSCC … was [a] first technology product exploration from 2018.”

On February 11, Intel formally introduced its Bitcoin silicon program, highlighting that a number of giant clients had secured their spot within the orders queue, together with Block, the monetary providers agency beforehand often known as Sq., Argo Blockchain, and GRIID, which had already disclosed a purchasing agreement with Intel to the SEC for the brand new chip that was but to be revealed.

Intel’s upcoming chip, the Bonanza Mine 2, will solely be launched later this yr.

“The availability settlement launched as a part of required [U.S. Securities and Exchange Commission] SEC disclosures from our buyer issues the second-generation ASIC for which we’ll present extra particulars quickly,” the Intel consultant added.

Nonetheless, Intel will leverage the improvements developed with its first-generation product exploration and shared at ISSCC in its upcoming Bonanza Mine 2 ASIC.

Certainly, the enormous chipmaker might want to up its recreation if it’s second-generation chip is to be aggressive with the likes of Bitmain, as we speak’s market chief within the bitcoin mining business. Whereas Intel’s first-generation ASIC consumes 3,600W to output 40TH/s, per the report, Bitmain’s flagship miner wants solely 3,010W to carry out 140TH/s.

Intel’s Bonanza Mine ASIC brings some innovation to the business, however nonetheless lacks behind distinguished business gamers like Bitmain and its latest machines. Intel would want a much-stronger second-generation ASIC to be aggressive. Supply: Tom’s {Hardware}.

CATEGORIES Bitcoin

Intel Details Bitcoin Mining Chip ‘Bonanza Mine’

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Intel Details Bitcoin Mining Chip ‘Bonanza Mine’

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