Semiconductor giant Intel (INTC) officially announced its crypto mining project on Friday. It revealed that Argo Blockchain (ARGO) and Jack Dorsey-led Block (SQ) will receive the chipmaker’s first mining chips later this year.
in blog post Raja M. Koduri, senior vice president and general manager of Intel’s Accelerated Computing Systems and Graphics Group, said Intel will also contribute to blockchain technology. accelerator That saves energy,” Koduri said. “There is a wide interest in energy-efficient computing technology.”
Intel first revealed it was working on a mining-specific chip (ASIC) dubbed “Bonanza Mine” in January. An Argo spokesperson confirmed that it had signed an agreement to purchase Intel’s mining ASICs.
Griid Infrastructure is fine.doIntel’s new mining ASIC supply agreement as part ofagreementIntel promises to sell at least 25% of its ASIC production to Griid through 2025.
ASIC to offer that “It outperforms the main GPU for mining using SHA-256,” Koduri writes. Most of the major professional miners use ASICs for their bitcoin mining, so comparing graphics processing units (GPUs) might not make sense to them.
“Argo Blockchain, BLOCK (formerly Square) and GRIID Infrastructure Be our first customer for this upcoming product. This architecture is built with a small piece of silicon to minimize the impact on current product supply.”
Intel also announced the Custom Compute Group within its Accelerated Computing Systems and Graphics unit, which will create custom silicon platforms for blockchain and other types of computing.
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