Intel Computer Chip for Bitcoin Mining : As per the Making or mining bitcoin requires a lot of energy, which can mean burning more fossil fuels, and now when Intel chip specially designed for Bitcoin Mining which according to reports is made with aim to reduce energy consumption by 45 percent, thus making Bitcoin Mining more en Environment friendly compare to present requirement.
Explained: How Intel Computer Chip Will Change Bitcoin Mining
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New Delhi (ABC Live India): Intel Computer Chip for Bitcoin Mining : Intel, the market leader in computer chip manufacturing, is on the brink of penetrating the bitcoin mining ASIC-making market to compete with the likes of Bitmain and Canaan, Tom’s Hardware first reported.
As per information Intel is expected to make further details public about its upcoming chips built specifically for bitcoin mining at the ISSCC conference in February. The giant chipmaker will host a panel, called “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC,” in the “highlighted Chip Releases: Digital/ML” track, to most likely present its new miner.
Market leader in computer chip manufacturing Intel has already secured at least one buyer for its upcoming bitcoin mining chips, according to a registration statement filed last month with the U.S. Securities and Exchange Commission (SEC)
On September 8, 2021, GRIID entered to a supply agreement…pursuant to which GRIID may purchase Intel-designed BZM2 ASICs,” the S-4 filing states. “The Intel Supply Agreement is for an initial four-year term and will automatically renew thereafter for one one-year period unless either party provides at least 90 days’ notice prior to the end of the initial four-year term.”
What change Intel Computer Chip for Bitcoin Mining will bring?
The Main opposition of Bitcoin Mining is that it requires continued energy, and majority of energy sources are based upon fossil fuels, which we cannot able to afford presently when our mother earth is seriously under attack due to merciless exploitation of natural resources by human.
As per the Making or mining bitcoin requires a lot of energy, which can mean burning more fossil fuels, and now when Intel chip specially designed for Bitcoin Mining which according to reports is made with aim to reduce energy consumption by 45 percent, thus making Bitcoin Mining more en Environment friendly compare to present requirement.
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