May 25, 2022

Intel announces new mining chip 'thousands of times more powerful than competitors'

Intel announces new mining chip 'thousands of times more powerful than competitors'

Intel has said it is developing a chip specifically designed for crypto mining, which will released towards 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 that of GPUs on the market today.

Gelsinger did not 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 new items from Intel will be Block, headed by former Twitter CEO Jack Dorsey.

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