Intel Starts Shipping Its Bitcoin Mining Rig As Cryptocurrencies Crash

    In a recent tweet, Raja Koduri, executive VP and general manager of Intel’s Accelerated Computing Systems and Graphics (AXG) Group, announced that Intel has started shipping its Bitcoin mining rig just as the cryptocurrencies are crashing.

    Intel Starts Shipping Its Bitcoin Mining Rig As Cryptocurrencies Crash 1

    In January, when Bitcoin was worth twice as much as it is now and hardware was in high demand, Intel revealed that it was creating Blockscale ASICs. After the market has had its fill, which is often when Intel starts shipping its hardware (I’m looking at you, Arc GPUs), it is releasing its second generation.

    Despite this, the Blockscale ASIC is a fantastic chip. It hashes Bitcoin at up to 580 GH/s while consuming only 4.8-22.7W and measuring 7 mm by 7.5 mm (gigahash per second). However, it can only do SHA-256 proof-of-work calculations.

    At the end of last week, Raja Koduri, executive vice president and general manager of Intel’s Accelerated Computing Systems and Graphics (AXG) Group, tweeted the news.

    The first-generation Blockscale ASIC, which was unveiled in February, seems to have slipped Koduri’s mind. Given that Intel had previously stated that a second-gen model was in the works and had only been announced two months prior, Koduri may not consider the first version to be a real product.

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    Anyhow, the second-generation model is much better to the original. Compared to its predecessor, which used 90 J/TH, it uses merely 26 J/TH. Additionally, it is more competitive with goods from other companies. With 256 ASICs, Intel’s system can hash at a rate of 148 TH/s while using 3,850 W, which is about equivalent to Bitmain’s S19 Pro’s 110 TH/s and 3,250 W. Costs for both systems range from $5,000 to $6,000.

    In his tweet, Koduri mentioned three businesses: GRIID Infrastructure, Hive Blockchain Technologies, and Argo Blockchain, all of which use renewable energy sources to mine cryptocurrency. It’s encouraging to see Intel upholding its environmental principles by working with organizations who share its values by marketing the Blockscale ASIC as an eco-friendly device.

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