It is possible that Intel is developing a chip dedicated to cryptocurrency mining, and will it enter the mining market?

With the growing interest in virtual currencies such as Bitcoin in recent years, graphic boards for gaming are being bought up for mining virtual currencies, and a large amount of power is consumed so as to affect the stable supply of power. It is reported that there is. Meanwhile, the possibility that Intel is developing a dedicated processor for Bitcoin mining has suddenly emerged.

Intel to Unveil'Ultra Low-Voltage Bitcoin Mining ASIC' in February
https://www.coindesk.com/tech/2022/01/18/intel-to-unveil-ultra-low-voltage-bitcoin-mining-asic-in-february/

Cryptocurrency mining is a calculation process that simply 'solves a very difficult mathematical problem', and it is reported that the hoarding of graphic boards is rampant because it is suitable for this calculation process. I am. In addition, application-specific integrated circuits (ASICs) developed for mining are being actively developed, and Bitmain, the world's largest mining group, has surpassed NVIDIA in developing its own ASICs. It was also reported that they were purchasing.

The world's largest Bitcoin miner buys more silicon semiconductors than NVIDIA to build mining machines-GIGAZINE

In such a situation surrounding the mining industry, 'Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin' was added to the (PDF file) program of the lecture to be held at the International Solid-State Circuits Conference (ISSCC) scheduled for February 2022. It was discovered that it contained an Intel announcement titled 'Mining ASIC'. From the title of this talk, it is possible that Intel is developing an ASIC for Bitcoin mining with 'Ultra-Low-Voltage' and 'Energy-Efficient'. doing.

Based on the above lecture title, CoinDesk, a cryptocurrency-related media, said, 'Intel will directly compete with Bitmain, MicroBT, etc. in the ASIC market for Bitcoin mining,' and Intel enters the ASIC market for mining. Point out the possibility of doing.

In Kosovo, where energy shortages continue, the government banned mining because mining consumes a lot of electricity, causing a fire sale of mining equipment. Future announcements are likely to draw attention to whether low-voltage ASICs, which are rumored to be under development by Intel, can solve these mining and power issues.

The ban on cryptocurrency mining causes a fire sale of mining equipment --GIGAZINE

The lecture by Intel will be given at 0:00 on February 24, 2022, Japan time.