Intel shows production process and next generation mining ASIC

At the annual ??????International Solid-State Circuits Conference; (ISSCC) released information about the developed mining chip for bitcoin. The chip manufacturer has only recently started selling the ‘Bonanza Mine’ (BMZ1) chip, but has already announced the next, more powerful generation.

After Intel announced that it would give a presentation on bitcoin mining ASICs, the manufacturer was expected to only present a new chip. However, this was not the case. The presentation was mainly about the first generation chip, which Intel designed specifically for mining bitcoin.

Due to the 300 BMZ1 chips, the Bonanza miner consumes about 3,600 watts and delivers 40 terahashes per second (th/s). Compared to other high-end miners, such as Bitmain’s Antminer S19 or S19 Pro, this power is a bit disappointing. The competition delivers between 90 and 110 th/s per miner. Bitmain, one of the largest miner manufacturers, will even introduce a water-cooled ASIC this summer that should deliver about 198 th/s.

According to Intel, the mining chip is relatively more powerful than that of competitors. This is because the energy consumption of the chip is relatively lower in relation to the delivered hashrate.

The demand for Intel’s new ASIC seems high, despite the fact that the chip is not yet for sale, a number of large customers have already reserved their place on the waiting list. Including bitcoin company Block from Jack Dorsey and Argo Blokchain.

ASICs, or Application Specific Integrated Circuits, are specialized computer chips designed and optimized for one specific application. They are therefore much more efficient at performing specific tasks than normal processors. The first bitcoin ASIC miners appeared on the market in 2013 and since then almost all mining companies have switched to them.

It seems that the second generation of the BMZ1 is already in full development. A mining startup called Griid has merged with Intel for $3.3 billion through a special-purpose acquisition company (SPAC). This indicates, according to sources, that Griid has signed a deal to manufacture the BMZ2 chip later this year.

There are no further details about this next generation. Although the power would be a lot higher than the BMZ1 and the energy consumption even lower.

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