Cryptocurrency

Intel Unveils Its Bonanza Mine Chip for Efficient Bitcoin Mining

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Intel had been getting ready to current its first Bitcoin mining ASIC at ISSCC 2022 and because the occasion bought underway on February 20, Intel has revealed extra particulars of the Bonanza Mine ASIC, in addition to its Bonanza Mine System — a self-contained laptop, which options 300 Bonanza Mine ASICs to ship 40 terahashes per second (THash/s) of efficiency whereas consuming 3,600W of energy. The chipmaker’s presentation was devoted to the first-generation ASIC Bonanza Mine codenamed BMZ1, in addition to a system based mostly on them, nonetheless, the corporate is already set to ship a second-generation product to purchasers, particulars of that are but to be revealed by Intel.

Whereas that appears like a barrage of numbers for non-miners, it’s price noting that Intel’s efficiency numbers for the BMZ1 do not fairly match as much as the competitors from the likes of Bitmain, as famous by CryptoAge. However as talked about, the corporate has already begun transport a second-generation product codenamed BMZ2 to its purchasers.

As per a CoinTelegraph report, Bonanza Mine System incorporates 4 hash boards, an Intel FPGA management unit, 4 followers, and a programmable energy provide. An FPGA is a “discipline programmable” built-in circuit that gives prospects with the power to reconfigure the {hardware} to fulfill particular use case necessities — on this case, Bitcoin mining — after the manufacturing course of.

Intel’s patent for “high-performance Bitcoin mining” was filed in November 2018, and it proposed a 15 % discount in total energy consumption. On the time, Intel executives expressed confidence in competing in opposition to established corporations akin to Bitmain, MicroBT, and Nvidia.

Intel’s new mining chips, the BMZ2, will likely be out there later this 12 months with US electrical energy firm GRIID Infrastructure, crypto mining agency Argo Blockchain, and Jack Dorsey-led Block among the many first purchasers in line to obtain the primary batch of mining chips.

Now, going by data that is been revealed by Intel up to now, the second-generation BTC miner will be capable to ship a balanced efficiency of 40.4THash/s by drawing 2,293W of energy – registering a low energy consumption of 56.97 joules per THash. When in comparison with Bitmain {hardware}, the Antminer S19j ASIC Bitcoin Miner consumes 3,100W to ship as much as 90THash/s at room temperature, leading to an effectivity of 34.5 joules per THash.

As highlighted by a Tom’s {Hardware} report, Bitcoin mining firm GRIID’s provide settlement with Intel includes a host of redactions to guard delicate data, however nonetheless reveals references to Intel’s Reference Design Supplies that are primarily paperwork which can be meant for purchasers to make use of as steering when integrating the Bonanza Mine chips into their very own customized techniques.

This means that Intel will provide the silicon to a few of its prospects, who will then create their very own techniques. This additionally bodes nicely with Jack Dorsey’s plans for Block, which he says will create a “Bitcoin mining system based mostly on customized silicon and open supply for people and companies worldwide.”


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