Intel to Unveil ‘Bonanza Mine’ Bitcoin Mining Chip in February

Intel to Unveil 'Bonanza Mine' Bitcoin Mining Chip in February

Intel to Unveil 'Bonanza Mine' Bitcoin Mining Chip in February For DailyBitcoin Editor

Intel will present Bitcoin mining ‘Bonanza Mine’ chip at upcoming ISSCC conference.

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The tech giant Intel looks like it will finally get into the business of hardware of mining of Bitcoin, but not with their new GPU. According to the news, it will be through a chip, called Bonanza Mine. The presentation as such to the public will be on February 20 at the International Solid State Circuits Conference (ISSCC), in the city of San Francisco, United States.

The presentation of Intel has been scheduled in the category “Featured Chip Releases”, where it will detail the new chip that has been described as a “Low-voltage, energy-efficient Bitcoin mining ASIC.”

The ISSCC conference is an annual gathering of the best and brightest minds in the chip industry. There Intel will have the presentation of Bonanza Mine. That means Intel could soon compete with companies from BitMain in the specialized ASIC market for mining Bitcoin.

Intel commented on the new chip for Tom’s Hardware and said: “Intel has done design work around SHA 256 optimized ASICs for several years, beginning with research work done at Intel Labs. We will share more details in the future.”

The presentation comes shortly after the comments of the head of GPU from Intel, Raja Koduri, during a live broadcast last December, where he indicated that the company is working on hardware specialized for blockchain/cryptocurrency technologies.

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There Koduri confirmed that the new chip would be completely separate of graphics processors (GPU) that “They’ll do graphics and games and all that wonderful stuff.”

Here you can see the interview about the GPU from Intel:

intel and crypto

It is worth remembering that in August 2021 we said that the semiconductor chip manufacturing company Intel bought about $800,000 worth of shares from the exchange Coinbase (COIN). The purchase dates from June 26, 2021, according to a report filed with the US Securities and Exchange Commission (SEC).

It was the first major investment of Intel in a company related to cryptocurrencies. However, it is not the first time that it is related to them. The chipmaker has been interested in Bitcoin, cryptocurrencies and technology blockchain during years. In 2019, the company published a patent on the mining of Bitcoin.

The document submitted to US Patent and Trademark Office. describes a “system on a chip (SOC)” which optimizes the energy consumption of BTC miners. The company obtained the patent.

titled “Bitcoin mining hardware accelerator with message collection optimizer and message scheduler with data path” (in English “Bitcoin Mining Hardware Accelerator with Optimized Message Digest and Message Scheduler Datapath”), the patent was originally filed in September 2016, but in 2019 it was published for the first time.

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Sources: Tom’s Hardware, beincrypto, archive

version of DailyBitcoin

Picture of Unsplash (the image is referential, it is not the chip referred to in the article)

WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

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