Intel Starts Supplying Bitcoin Mining Chip

Intel has announced the start of deliveries of the ASIC chip for bitcoin mining to selected customers.

SeniorIntel Vice President of Architecture, Graphics and Software Raja Koduri tweeted:

"The Intel AXG Custom Compute team is nowsupplies ASIC Blockscale! The first product is always unforgettable, congratulations to the team. Excited to see Argo Blockchain, GRIID Infrastructure and HIVE Blockchain improvising with Blockscale and our open design.”

In February, the company introduced the Bonanza Mine, the first dedicated digital gold mining chip. ASIC characteristics turned out to be significantly lower than the market flagships.

Already in April, Intel announced the second generationbitcoin mining chip Blockscale. Journalists found information confirming that the manufacturer's ASIC outperforms competitors in efficiency by about 15%.

Among the first Blockscale customers in the companynamed HIVE Blockchain Technologies, Argo Blockchain, GRIID Infrastructure and Jack Dorsey's Block. The latter firm does not appear in Koduri's tweet about the start of deliveries.

“HIVE is proud to partner with Intel. We can’t wait to use the new ASICs for BTC mining, ”the Canadian company responded to the message.

The mining company entered into a deal with the chipmakeragreement to purchase bitcoin mining equipment in March. Deliveries were expected to begin in the second half of the year. In June, HIVE sold roughly 10,000 ETH to “fund a strategic relationship” with Intel.

Argo Blockchain expressed their gratitude to the chip manufacturer and Koduri personally.

“We are very excited to innovate with these newASIC chips into our custom immersion mining rigs. We thank ePIC Blockchain Technologies for joining us on this journey,” the company said.

In May, Argo Blockchain entered into an agreement with ePIC Blockchain to purchase 6,600 Bitcoin miners powered by Blockscale. The contract provides for the possibility to additionally order up to 23,400 units.

In February, Intel CEO Pat Gelsinger criticized bitcoin for its impact on the environment and said that the company's ASIC chip "will help the development of technology in a responsible and sustainable way."

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