The new application-specific integrated circuit (ASIC) is expected to be a revolutionary chip for crypto miners.
With environmental concerns lingering around the crypto mining industry, Intel has been teasing its semiconductor which is supposedly a lot more energy-efficient.
Based on the official newsroom post, the largest semiconductor manufacturer Intel has unveiled specifics on its latest Intel Blockscale ASIC, highlighting the need for Proof-of-Work (PoW) machines to work in an eco-friendly manner as they use up a lot of electricity resources.
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For this reason, according to Intel, the latest Blockscale chip will feature cutting-edge technologies that will make mining rigs more sustainable. This includes a hash rate of 580 GH/s and power efficiency of 26 J/TH.
More than that, the ASIC will have a "reference hardware design and a software stack" (enabling users to easily integrate the chip into their systems), temperature/voltage sensors, and a support system for "up to 256 integrated circuits per chain."
General Manager of Blockchain and Business Solutions at Intel Jose Rios spoke on the company’s blockchain initiatives over the past several months, stating:
"...we’re proud to collaborate with and provide solutions to companies that are creating a more sustainable cryptocurrency ecosystem globally. The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead."
The first companies to adopt the latest chips will be Jack Dorsey’s Block, Argo Blockchain, Hive Blockchain Technologies, and GRIID Infrastructure, with the first batch of Blockscale ASICs rolling out in Q3 2022. However, there are no plans to distribute the chip for commercial use.