On Monday, semiconductor giant Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The Application Hardware Specific Integrated Circuit, or ASIC, is designed to run on the Proof of Work blockchain using SHA-256 encryption.
According to Intel, Blockscale will have a speed of 580 gigahertz per second (or 0.58 terahesh per second, TH/s), consume 4.8 to 22.7 watts of power, and have an energy efficiency of 26 J/s. tremor (g/s). Each chip can be combined and combined into a single mining block, maximizing performance up to 256 ICs per chain.
block art concept | Source: Intel
In comparison, one of the market-leading bitcoin miners, the Bitmain Antminer S19 Pro, has a hash rate of 110TB/s, uses 3250W of power, and has an energy efficiency of 30J/TH. Theoretically, a mining block with 256 chips will have a total hash rate of 148.5 TH/s and consume between 1228 and 5811 watts of power with about the same energy efficiency.
Intel says it will start shipping Blockscale in the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Technologies and GRIID Infrastructure will be among the first to develop new systems based on the company’s ASICs. In terms of development, José Rios, General Manager of Blockchain and Business Solutions at Intel’s Accelerated Computing and Graphics Group, commented:
“We are proud to partner with companies that are building a more robust crypto ecosystem around the world and providing them with solutions. The Intel Blockscale ASIC will play an important role in helping Bitcoin miners achieve their sustainability goals and scale hash rate in the near future. .