Business CircleBusiness Circle
  • Home
  • AI News
  • Startups
  • Markets
  • Finances
  • Technology
  • More
    • Human Resource
    • Marketing & Sales
    • SMEs
    • Lifestyle
    • Trading & Stock Market
What's Hot

Doodle generative compositions in your browser with Musical Spirograph

August 23, 2026

Active UK companies at record high but new incorporations slow due to new Companies House rules and increased fees

August 23, 2026

Work Smarter, Not Harder: How AI Elevates Everyday Employee Performance

August 23, 2026
Facebook Twitter Instagram
Sunday, August 23
  • Advertise with us
  • Submit Articles
  • About us
  • Contact us
Business CircleBusiness Circle
  • Home
  • AI News
  • Startups
  • Markets
  • Finances
  • Technology
  • More
    • Human Resource
    • Marketing & Sales
    • SMEs
    • Lifestyle
    • Trading & Stock Market
Subscribe
Business CircleBusiness Circle
Home » Intel starts shipping its Bitcoin mining rig as cryptocurrencies crash
Technology

Intel starts shipping its Bitcoin mining rig as cryptocurrencies crash

Business Circle TeamBy Business Circle TeamJuly 2, 2022Updated:August 21, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Intel starts shipping its Bitcoin mining rig as cryptocurrencies crash
Share
Facebook Twitter LinkedIn Pinterest Email


In a nutshell: Intel’s accelerated computing group has began delivery its second-gen Blockscale ASIC for SHA-256 cryptocurrencies like Bitcoin. The launch is months forward of schedule, however nonetheless too late to capitalize on the newest cryptocurrency craze.

Intel introduced that it was growing Blockscale ASICs in January when Bitcoin was price twice as a lot as it’s now and {hardware} was desperately in demand. Its second-gen is arriving after the market has satiated its want, which is often when Intel begins delivery its {hardware} (I am taking a look at you, Arc GPUs).

Regardless of that, the Blockscale ASIC (application-specific built-in circuit) is a superb chip. It measures 7 mm by 7.5 mm and consumes simply 4.8-22.7W however hashes Bitcoin at as much as 580 GH/s (gigahash per second). It is solely able to SHA-256 proof-of-work calculations, although.

Raja Koduri, govt VP and basic supervisor of the Accelerated Computing Methods and Graphics (AXG) Group for Intel, tweeted the information on the finish of final week…

Intel AXG Customized Compute crew is now delivery the Blockscale ASIC! First product will all the time be unforgettable, congratulations crew’
Excited to see how @ArgoBlockchain @griid and @HiveBlockchain improvise round Blockscale and our open design. pic.twitter.com/0rxtNTLMfw

— Raja Koduri (Bali Makaradhwaja) (@RajaXg) June 29, 2022

Koduri appears to have forgotten in regards to the first-gen Blockscale ASIC that was introduced in February. Intel did say on the time {that a} second-gen mannequin was in-development after which it introduced it simply two months later, so maybe the primary model does not qualify as a fully-fledged product in Koduri’s eyes.

In any case, the second-gen mannequin is significantly better than the primary. It consumes simply 26 J/TH (Jules per terahash) whereas its predecessor consumed 90 J/TH. It is also extra aggressive with choices from different corporations. Intel’s system with 256 ASICs can hash at a price of 148 TH/s with the consumption of three,850 W, about on par with Bitmain’s S19 Professional at 110 TH/s and three,250 W. Each techniques price between $5,000 and $6,000.

Koduri tagged GRIID Infrastructure, Hive Blockchain Applied sciences, and Argo Blockchain in his tweet, three corporations that mine cryptocurrencies utilizing renewable energy sources. Intel markets the Blockscale ASIC as an environmentally-friendly product and it is good to see it standing by these ideas by partnering with like-minded corporations.





Source link

Bitcoin crash cryptocurrencies Intel Mining rig Shipping starts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Business Circle Team
Business Circle Team
  • Website

Related Posts

Doodle generative compositions in your browser with Musical Spirograph

August 23, 2026

How To Limit Instagram From Using Your Data For AI And Ads

August 23, 2026

US battery startups have found a lifeline in defense

August 22, 2026

Inside the World Robot Conference in Beijing, drawing over 300 exhibitors; Unitree founder Wang Xingxing said the industry's "ChatGPT moment" has yet to come (Financial Times)

August 22, 2026
LATEST UPDATES

Doodle generative compositions in your browser with Musical Spirograph

August 23, 2026

Active UK companies at record high but new incorporations slow due to new Companies House rules and increased fees

August 23, 2026

Work Smarter, Not Harder: How AI Elevates Everyday Employee Performance

August 23, 2026

*HOT* Canvas Photo Prints Deals: 8×8 for $8.55 shipped, plus more!

August 23, 2026

Trump admin taps JPMorgan alum Matt Zames to advise Social Security agency

August 23, 2026

Software Development Services: What Founders Need to Know Before They Buy

August 23, 2026

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Business, Finance and Market Growth News Site

Important Pages
  • Advertise with us
  • Submit Articles
  • About us
  • Contact us
Recent Posts
  • Doodle generative compositions in your browser with Musical Spirograph
  • Active UK companies at record high but new incorporations slow due to new Companies House rules and increased fees
  • Work Smarter, Not Harder: How AI Elevates Everyday Employee Performance
© 2026 BusinessCircle.co
  • Privacy Policy
  • Terms and Conditions
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA

Type above and press Enter to search. Press Esc to cancel.