Computer chip giant Intel Corporation has shared details of a new mining chip that will be paired with a high-performance 3,600-watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.
Intel unveiled its second generation BTC miner at the IEEE International Solid State Circuit Conference (ISSCC) 2022, a conference dedicated to the electronics and chip industry.
According to the company, Bonanza Mine (BMZ2) is an extremely low-voltage, energy-efficient bitcoin mining that can deliver 40 Terahashes per second (TH/s).
Install Intel Bonanza. Source: IEEE 2022
As previously reported by Cointelegraph, Intel’s patent related to “high-performance bitcoin mining” dates back to November 2018, which proposes a reduction in overall power consumption of about 15%. Intel representatives at the time showed their confidence in competing with well-known players including Bitmain, MicroBT and Nvidia:
“Intel has been designing ASICs optimized for SHA 256 for several years, beginning with pioneering work done in Intel Labs.”
The BMZ2 chips are expected to follow an architecture similar to the first generation mining chip, BMZ1, with more than 300 chips powered by a 3600W miner working together to deliver up to 40 TH/s in a balanced environment.
Intel’s next-generation BTC miners will be able to provide a balanced performance of 40.4 TH/s, consuming 2,293 watts of power, a record power consumption of 56.97 Joules per Terahash (J/TH). Compared to Bitmain hardware, the ASIC Antminer S19j uses a 3100W Bitcoin miner to deliver performance up to 90 TH/s at room temperature, giving an efficiency of 34.5 J/TH.
In addition, the device will also have the ability to operate in high-performance and power-saving modes in order to improve the power-to-cost ratio at different mining efficiencies.
Intel has not yet announced an official launch date along with the technical requirements for a second generation miner.
Related Topics: Bitcoin difficulty hits all-time high, hash rate up 45% in 6 months
The difficulty of mining the Bitcoin network continues to increase, which indicates the increased resistance to network attacks.
At its peak, Bitcoin recorded a hash rate of 248.11 EH/s on February 13 after jumping 31.69% from 188.40 EH/s in just one day.