Intel will introduce ultra-efficient chip for Bitcoin mining

English Jan 24, 2022

According to Tom’s Hardware, Intel is getting ready to introduce the new Bonanza Mine chip, which is described as an ultra-low voltage, energy-efficient Bitcoin mining board.

In October, the company stated that the company's upcoming graphics cards would not include restrictions on cryptocurrency mining. A decision taken in the opposite direction from its competitor, NVIDIA, which deliberately limits its own cards so that they are less effective for mining cryptocurrencies.

According to the Cambridge Bitcoin Electricity Consumption Index, Bitcoin mining consumes approximately 137 terawatt hours of energy per year.

Although Bitcoin's network energy consumption is high, most of it comes from renewable sources and from places where this energy power would be wasted. Fortunately, more and more companies are turning to this market and working competitively, increasing efficiency and maturity.

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Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.