Category: Intel

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Today in Crypto: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO’s Genesis Validator Deposit Smart Contract Going Live on Thursday

April 19, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO’s Genesis Validator Deposit Smart Contract Going Live on Thursday  Read more »Sign up for e-EUR…
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Chip Giant Intel Abandons Bitcoin ASIC Production

April 19, 2023

After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000…
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Intel will stop manufacturing chips for Bitcoin miners: Report

April 19, 2023

The semiconductor chip manufacturing company will reportedly stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20. Major United States-based technology company Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips as part of efforts to cut costs. According to an April 18 Reuters report, the semiconductor chip…
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Secret Network resolves network vulnerability following white hat disclosure

November 30, 2022

Researchers were able to decrypt all of Secret’s internal transactions using an exploit. On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users’ funds remain secure. In a document dated Nov. 29, Secret Network wrote that users or developers required no action…
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Intel Ships Blockscale ASIC Chips To Selected Bitcoin Mining Companies

July 5, 2022

It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all…
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Intel launches new Bitcoin mining chip Blockscale

April 5, 2022

The company indicated that the device is designed, in part, for energy-efficient blockchain hashing. On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption. As told by Intel, Blockscale will have a hash rate…
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Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas

March 9, 2022

On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of…
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Russian Bitcoin Mining Assessed Amid Conflict With Ukraine, Large ETH Pool Cancels Service to Russia

February 26, 2022

With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the ethereum mining operation Flexpool announced it has halted services to Russia entirely. “We apologize to our Russian miners;…
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Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip

February 21, 2022

Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information…
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Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining

February 21, 2022

Intel’s new chips are powered by a high-performance miner to deliver up to 40 TH/s in a balanced environment. Computer chip manufacturing giant Intel Corporation has shared details of a new mining chip that will be coupled with a high-performance 3,600-watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.  Intel revealed its…
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