Intel said it is developing a chip designed specifically for cryptomining, which willreleased by the end of the year.
In an interview with Bloomberg, Intel CEO Patrick Gelsinger said that the company's innovative development will provide performance 1000 times higher than GPUs on the market today.
Gelsinger didn't share details about the new chip, but promised to shed more light on its architecture at the International Solid-State Circuits Conference (ISSCC) in a couple of days.
It is already known that one of the first buyers of the new product from Intel will be the Block company, headed by former Twitter CEO Jack Dorsey.
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