.intel is set to introduce its potentially game-changing Bitcoin mining chip next month
Intel's graphics chief Raja Koduri said that GPUs were supposed to be used for gaming, not for mining in a December interview. He also appears to have teased the company’s new mining product:
But being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty solvable problem. And you know, we are working on that, and at some point in time, hopefully not too far into the future, we will kinda share some interesting hardware for that. Intel will have to face tough competition from Bitmain and MicroBT, the world’s largest manufacturers of Bitcoin mining hardware.
Bitcoin’s hashrate, the total computing power of the network, recently hit a new all-time high of 216 EH/s, according to data provided byThe introduction of an energy-efficient ASIC could potentially game changer for the industry amid growing concerns about Bitcoin’s excessive power consumption and its impact on the environment.
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