It seems that the global company “Intel” specialized in the manufacture of computer chips, is thinking of entering the world of bitcoin mining hardware.
At the beginning of this year, the company presented a presentation of a new chip that falls into the category of premium chip versions, where it talked about the new “Bonanza Mine” processor, which is a new chip that offers the possibility of Bitcoin mining with high voltage and low power.
The presentation was organized by ISSCC, an organization that annually brings together the best and brightest minds in the chip industry.
This means that Intel could soon compete with giants like Bitmain in the market for Bitcoin mining ASICs.
At a live event held in December last year, Intel Systems and Graphics Engineer Raja Kodori, Senior Vice President and General Manager of the company, appeared as he promoted the company’s launch of the company’s first gaming GPUs, the Arc Alchemist lineup. It is scheduled to be released later this year.
Intel has indicated that it will not limit the mining performance of upcoming discrete GPUs.
Coudrey explained that Intel does not have a fix for the new entrant to the GPU market.
Generally, GPUs are used to mine Ethereum and other types of cryptocurrency, not Bitcoin.
Given the timing of the ISSCC presentation and the topic of discussion, reports show that Intel will share its information about the new devices next month, exactly on February 23.
However, it remains unclear whether Intel will release the Bonanza Mine chip as a general-use product or if it will be limited to a research project only.
Growing interest in cryptocurrency:
The development by Intel comes at a time when the company’s interest in cryptocurrency is growing.
In August last year, Intel bought $800,000 worth of minority shares in the US-listed cryptocurrency exchange Coinbase.
Intel may have bought Coinbase shares before the cryptocurrency company began publicly trading on the Nasdaq in April of last year via direct listing.
The move was revealed because the US Securities and Exchange Commission typically requires companies with more than $100 million in public investment traded like Intel to disclose their stakes.
Intel owns other stakes in payment processing company Shift4, hardware company MaxLinear and computer security software company McAfee.
Last year, Coinbase reported an increase in its trading volume and revenue due to an increase in cryptocurrency adoption.
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