The new objective of the Intel company is not to create centers of mining, even if it has the means to do so. Instead, she plans to make an ASIC to help professionals in the field. Specifically, in a report of Tom’s Hardwareit is claimed that Intel is about to launch the “Bonanza Mine” chip.
The new chip must prove itself
Intel has yet to unveil its new chip for the mining of cryptocurrencies, but it has already won contracts with companies wanting to acquire some models. According to Fox Businessshe has signed a supply and delivery agreement of its first orders with the start-up GRIID. GRIID would have reserved some of its production capacity until May 2025, which would indicate that the company, and probably others as well, plans to buy a lot of it.
For now, no one knows the specifics of the “Bonanza Mine” chip. In fact, it will be confronted with the Bitmain chip which is currently one of the most powerful models on the market. That said, given the hash rates the new chip displays, the experts believe that it will necessarily perform well. But of course, these are still only assumptions. It remains to be seen if it will be as practical as the professionals hope.
the mining of cryptocurrencies and the criticisms of environmentalists
Intel is not the first company to enter the field of mining cryptocurrencies. Other companies had also created products to help professionals in the mining. This is the case of Nvidia. However, unlike the products of other companies, Nvidia’s ASIC chips are mainly aimed at specialists in the mining of ethereum (ETH).
More and more voices are being raised asking that the mining of cryptocurrencies be condemned. Because, this activity consumes a lot of electrical energy and causes malfunctions in the electrical circuit of several countries. For ecologists, it must be abandoned at the risk of damaging the planet.
In order to face the waves of criticism from environmentalists, Ethereum (ETH) plans to modify its operation by switching from the system Proof of work (PoW) to the system Proof of stake (PoS). It would be better for the environment.
The Intel company wants to rise in the ranking of the most successful companies in the sector of the mining of cryptocurrencies. To this end, it plans to launch a new chip that will be used by specialists in the sector. For some startups, even if it is not yet available, the new chip is an essential tool to boost their performance.
Source: gaming pc
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