The chip maker looks set to release a chip designed for the purpose of bitcoin mining next month. Crypto mines are hated by gamers and anyone who cares about the environment, but that doesn't stop Intel from getting into the bitcoin harvesting business.
Although the chipmaker maker has not yet commented publicly, Tom's Hardware reporters have noted that Team Blue will present a presentation on the new "Bonanza Mine" processor at the 2022 International Solid-State Circuits
Conference (ISSCC), which kicks off. on Feb. 20. A chip is defined as an "ultra-low-voltage energy-efficient bitcoin-mining ASIC," in which the abbreviation represents an integrated application chip made for a single purpose.
Intel, somehow, was already making fun of this chip last year when GPU chief executive Raja Koduri broadcast live that the company operates with crypto-mining hardware. And as Tom Hardware points out, Intel had previously patented the processing system using SHA-256, a cryptographic hash function used by several cryptocurrencies, including bitcoin, to secure transactions.
If Intel really releases its crypto-mining chip, it will have direct competition with Bitmain, a Chinese company focused on making ASIC mining bitcoin. But Intel is not new - its SHA-256 extensions are based on Ice Lake processors and later, and as we all know, the company has extensive experience in developing silicon.
Obviously, this is good news for bitcoin miners, but what about gamers? If we delve deeper into Koduri's comments, he suggests that different gaming graphics should be different from processing chips designed exclusively for crypto miners.
"I think the blockchain is a much more effective trading platform than the current burning of hardware cycles. No, no, no — GPUs will do graphics, games, and all that good stuff," said Koduri.
we're working on that, and sometimes, I hope it's not too far in the future, we'll share exciting hardware about that. ”
While that may sound inspiring in terms of face value, Intel has not sufficiently assured players that it will discourage people from using the upcoming Arc Alchemist GPU of mine. Sure, the chip maker says it prefers to accept players over crypto miners, but unless he uses a hash rate, as Nvidia and AMD have done, nothing will stop the crypto miners and others from snatching these chips in wholesale or in bulk amount until they join all other stocks ”GPU.
We look forward to hearing more about Intel Arc, the company’s first split GPU in decades, in the coming weeks. As for the Bonanza Mine, we can only assume that the chip maker will be showcasing the ASIC at the ISSCC on Feb. 23 at 10 a.m. ET.
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