Intel wants to get into the crypto business

While the prices of Bitcoin and Ethereum are once again experiencing a downturn for a change, it has become known that a well-known chip manufacturer wants to enter the crypto business. The CPU experts from Intel want to launch a competitor product to the current top provider for Bitcoin mining. This should not only be able to work more efficiently. On top of that, it should save energy, which could well eradicate the Achilles heel of cryptocurrencies so far.

Introduction at ISSCC 2022

This February, the International Solid-State Circuits Conference (ISSCC) will be held in San Francisco. Intel apparently wants to use this significant meeting of tech industry experts as an opportunity to present its latest mining technology. Corresponding speculations can be made if one takes a look at the event calendar of the congress. The technology developed by Intel will apparently be called “Bonanza Mine”. Unlike the previous industry leader among mining applications, however, this is supposed to be an “ultra-low-voltage miner”. In short, Intel’s technology should make bitcoin mining much more power-efficient and thus more lucrative.

Intel confirms upcoming launch

Apparently, the rumors seem to be true. At least Intel has confirmed to the colleagues of Tom’s Hardware that a corresponding development is currently taking place. However, the whole thing is not really surprising. After all, the graphics card department of the big chip manufacturer already indicated at the end of last year that they would like to develop special hardware solutions for crypto mining. Unfortunately, we do not yet know what performance the “Bonanza Mine” will deliver. However, we should get answers between February 20 and February 24, 2022. That is when the ISSCC will take place.