Intel opens sales of ASIC mining chip
Blockscale devices have already been bought by cryptocurrency mining companies Argo Blockchain, GRIID, and HIVE
05.07.2022 - 14:55
346
2 min
0
What’s new? Intel has announced that it has begun shipping the Blockscale ASIC, a chip for cryptocurrency mining. Raja Koduri, executive vice president of Intel’s architecture, graphics and software division, congratulated the team that developed the device and revealed that Argo Blockchain, GRIID, and HIVE mining companies will be the first to use it.
Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team👍 Excited to see how @ArgoBlockchain @griid and @HiveBlockchain improvise around Blockscale and our open design. pic.twitter.com/0rxtNTLMfw— Raja Koduri (Bali Makaradhwaja) (@RajaXg) June 29, 2022
What is known about the ASIC chip? Intel unveiled Blockscale on April 4. Its hashrate is 0,58 TH/s and its power consumption is between 4,8 to 22,7 W. Each ASIC chip can be combined with other devices into a single mining unit, increasing the performance up to 256 chips per network. The hashrate of such a block will be 148,5 TH/s.
According to Argo Blockchain’s annual report with the US Securities and Exchange Commission (SEC), the company plans to increase its hash rate to 5,5 EH/s in 2022. The increase will be driven by the installation of equipment using Blockscale.
Useful material?
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024