Intel will unveil a Bitcoin mining chip in February – Bits Media

Intel is preparing to release its own energy-efficient chip for Bitcoin mining called Bonanza Mine. The chip will be presented in February at the ISSCC conference.

Tom's Hardware has access to Intel's presentation schedule at the ISSCC conference. 23 february the company will introduce the Bonanza Mine chip, which is described as “an energy-efficient ASIC chip for bitcoin mining with extremely low voltage”.

“Intel has been designing ASIC chips for the SHA-256 algorithm for the past few years as part of the work of Intel Labs. We will provide more details later.", - the company said.

Back at the end of December, the head of Intel's video chip development division, Raja Koduri (Raja Koduri) He said, that the company is working on special equipment for blockchain and cryptocurrencies. Besides, in 2018 Intel patented a specialized "processing system", optimized to work with the SHA-256 hashing algorithm.

It is still unclear, will the Bonanza Mine chip become widely available any time soon?. but, Intel's entry into the mining equipment market is quite logical. Manufacturers of ASIC miners are faced with a shortage of chips on the market, as, however, and manufacturers of any other electronics. The release of such a processor can immediately attract customers amid shortages.

Previously reported, that Intel does not plan to limit the hashrate when mining cryptocurrencies on the new Arc series GPUs.