HomeBitcoin UpdateIntel unveils 2nd-gen Bonanza Mine chip for environment friendly Bitcoin mining

Intel unveils 2nd-gen Bonanza Mine chip for environment friendly Bitcoin mining

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Laptop chip manufacturing big Intel Company shared particulars of a brand new mining chip that might be coupled with a high-performance 3,600 Watt miner with the final word objective of bettering Bitcoin (BTC) mining effectivity. 

Intel revealed its second-generation BTC mining setup throughout the IEEE Worldwide Stable-State Circuits Convention (ISSCC) 2022, a convention devoted to the electronics and chip manufacturing trade.

In response to the corporate, Bonanza mine (BMZ2) is an ultra-low-voltage energy-efficient Bitcoin mining ASIC that may ship 40 Terahashes per second (40 TH/s) efficiency.

Intel’s Bonanza setup. Supply: 2022 IEEE

As Cointelegraph beforehand reported, Intel’s patent associated to “high-performance Bitcoin Mining” dates again to November 2018, which had proposed to scale back general energy consumption by roughly 15%. Intel representatives on the time confirmed confidence in competing in opposition to established gamers together with Bitmain, MicroBT and Nvidia:

“Intel has performed design work round SHA 256 optimized ASICs for a number of years starting with pathfinding work performed in Intel Labs.”

The BMZ2 chips are anticipated to observe an structure just like its 1st-gen mining chip BMZ1, whereby over 300 chips, powered by a 3600W miner, work collectively to ship as much as 40TH/s in a balanced setting.

Intel’s next-generation BTC miner will be capable of ship a balanced efficiency of 40.4 TH/s by drawing 2,293W of energy — recording a low power consumption of 56.97 joules per terahash (J/Th). When in comparison with Bitmain’s {hardware}, Antminer S19j ASIC Bitcoin miner consumes 3,100 Watts for delivering as much as 90 TH/s at room temperature, leading to an effectivity of 34.5 J/Th.

As well as, the {hardware} may also have the choice to function in high-performance and power-saving modes to optimize the energy-cost ratio throughout numerous levels of mining efficiencies.

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Intel is but to announce a date for its official launch together with the technical necessities of the 2nd-generation mining setup.

Associated: Bitcoin issue reaches all-time excessive, hash price up 45% in 6 months

The Bitcoin community mining issue maintains an upward pattern, showcasing a powerful indication of rising resilience in opposition to community assaults.

At its peak, Bitcoin recorded a hash price of 248.11 EH/s on Feb. 13 after leaping 31.69% from 188.40 EH/s in simply at some point.

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Bitcoin hash price over the previous 12 months. Supply: YCharts

With the rise within the hash price, BTC mining tools must evolve for delivering greater efficiency whereas consuming comparatively power.