Intel, a semiconductor manufacturer, unveiled Monday its new Bitcoin (BTC), mining chip, Blockscale. The ASIC hardware, also known as an application-specific integrated circuit (ASIC), is built to work on proof-ofwork blockchains that use SHA256 encryption.
According to Intel, Blockscale will be able to hash at up to 580 gigahash/second (or 0.58 Terahash/s, TH/s), consume between 4.8 and 22.7 watts of electricity, and have an energy efficiency of 26 joules/terahash (J/TH). Each chip can be combined into one mining unit and increased its output by a maximum of 26 joules per terahash (J/TH).
Blockscale concept artSource: Intel
Bitmain’s Antminer S19 Pro is a top-rated Bitcoin mining machine on the market. It has a 110 TH/s hash rate, consumes 3,250 W of power and has an energy efficiency of 30 J/TH. A mining unit made up of 256 Blockscale chips could theoretically have a total hashrate of 148.5 TH/s, consume between 1,228 and 5,811 watts of electricity, and achieve the same energy efficiency.
Intel has announced that Blockscale will be available for purchase in the third quarter 2022. Block, Block, Hive Blockchain Technologies, and GRIID Infrastructure are among the first companies that will develop systems using the firm’s ASIC. Jose Rios (general manager for blockchain and business solutions within the accelerated computing system graphics group at Intel) commented on the development:
We are proud to work with companies that help create a more sustainable cryptocurrency ecosystem. The Intel Blockscale ASIC is a key component in helping Bitcoin mining companies reach sustainability and hashrate scaling goals in the coming years.