Intel to reveal new energy-efficient Bitcoin mining ASIC at next ISSCC

The recently launched “Bonanza Mine” may possibly become a worthy competitor for existing mining equipment on the market. The latest announcements from Intel, one of the largest companies producing processors for computers, announce the imminent release of a new, energy-efficient ASIC for bitcoin mining, which also has a very low voltage. Named “Bonanza Mine” and awaiting display at the next IEEE International Conference on Solid-State Circuits in February of this year.

Intel already in 2018 filed a patent for such implementations of profitable bitcoin mining, with minimal costs. Most likely, already patented processes will be present in the new development, which will be shown at ISSCC.

According to the patent, ASIC “Bonanza Mine” will perform calculations without repeated and redundant configurations, which will increase efficiency and allow you to spend 15% less electricity than similar products.

Intel, with its innovations, will become a competitor for Bitmain, with the proposed Ether ASIC, which has not yet been launched, as well as for Nvidia, which has suffered greatly from spikes and lower prices for the sale of chips. Cryptocurrency mining is gaining momentum and people’s interest is only increasing, even despite the shortage of equipment and high production costs.

Intel representatives are confident that their product will be positively received in the crypto industry and their development of ASICs optimized for SHA 256 will be appreciated.

At the moment, Intel has not indicated for whom Bonanza Mine will be released. Will it be made for retail sale or intended only for industry and research? With any choice of Intel, their new product will significantly compete with existing products in the cryptocurrency mining market.