A Few Selected Bitcoin Mining Companies Receive Blockscale ASIC Chips From Intel

July 4, 2022

Bitcoin Down on Monday


A Few Selected Bitcoin Mining Companies Receive Blockscale ASIC Chips From Intel

Officially, Intel participates in the bitcoin mining industry. Only six months have passed since the enormous technological corporation unveiled its “ultra-low-voltage energy-efficient” ASIC chip, and it is already available. Under normal circumstances, the bitcoin market would benefit greatly from infrastructure assistance from a large corporation like Intel. In the midst of this upheaval, how will it respond? Does it even respond? The immediate impact of the announcement was minimal, but the long-term impact is yet unknown.

Senior vice president of Intel’s Architecture, Graphics and Software (IAGS) group Raja Koduri recently tweeted. The first to respond was the environmentally friendly mining business Hive, who tweeted, “HIVE is happy to have collaborated with Intel, and we can’t wait to put the new ASICs to good use mining BTC! “The corporation was far more expressive in a news statement NewsBTC cited a few months ago. When installed, the estimated increase in our overall Bitcoin mining hashrate from 1.9 Exahash per second would be up to 95%. These miners are planned to be delivered over the course of a year beginning in the second part of calendar 2022. Argo likewise chose a straightforward strategy and tweeted. “Many thanks to Intel and Raja Koduri. With these new ASIC chips in our specialised immersion mining rigs, we’re thrilled to be inventing. We appreciate ePIC Blockchain coming along for the trip. ePIC Blockchain Technologies, a recent competitor, advertises itself as producing “North American Designed ASIC RIGs.” So, innovation and personalization are coming.

The mainstream media sees nothing good about bitcoin or anything connected to it. They have the ideal weapons to assault the technology and the billion-dollar industry that surrounds it thanks to the bear market we’re in right now. Fortunately, bitcoin doesn’t mind. The Register begins with important information in the first mainstream report regarding Intel releasing its Blockscale ASIC processors early. Or the flawless roll-out plan the business demonstrated over the past six months. Or the truth that bitcoin is the sole chance for humanity.

Read more: After Mark Zuckerberg unveiled the Metaverse Digital Wallet, Meta ended its cryptocurrency project Novi.


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