Intel unveils details of new mining chip Blockscale

Intel has revealed details of a new mining chip called Blockscale. This new ASIC succeeds the earlier Bonanza Minining chip and has an energy efficiency of up to 26 J/TH. The first Blockscale chips will be delivered to a few mining companies in the third quarter and Intel will also take orders from other miners from 2023.

On Monday, Intel issued a press release announcing the new and energy-efficient mining chip called ‘Intel Blockscale ASIC’ .

“To power this new era in computing, Intel is delivering solutions that provide an optimal balance of hashrate and power efficiency, regardless of the customer’s operating environment ,” writes Vice President Balaji Kanigicherla, of Intel’s Custom Compute in the Accelerated Computing Systems and Graphics Group.

“Intel’s years of research in cryptography, hashing techniques and ultra-low voltage circuitry enable blockchain applications to scale their computing power without compromising sustainability ,” said Kanigicherla.

Unlike competitors, Intel’s Blockscale ASICs ASICs Application-Specific Integrated Circuits are not shipped as complete systems, but as individual chips. Miners can compose systems according to their own wishes, based on the chips. The ASICs are therefore easy to upgrade or replace in the event of damage. This offers more flexibility and also helps to reduce e-waste.

Efficient

The intention is to connect several chips to one system, up to a maximum of 256 chips. Each is the chips with a hashrate hashrate The hash rate is the amount of hashes per second of 580 gigahashes per second (GH/s) not very powerful, but they are quite efficient: 26 joules per terahash (J/TH).

Thus, relatively little power is required to produce a large amount of computing power. A system with 256 Blockscale chips would together produce about 148 terahashes per second (TH/s), with a power consumption of about 3860 watts. That’s slightly more efficient than most equipment from other ASIC manufacturers, although Bitmain also has some more expensive models that are even more efficient.

Durable

Intel praises the efficiency of the chips in terms of scalability, but also durability. ?«£Intel is committed to advancing blockchain technology in a responsible manner, and we are proud to partner with and provide solutions to companies that create a more sustainable global cryptocurrency ecosystem ,?«• the press release states.

That seems to refer to the environmental impact of energy consumption, but that is debatable. Mining companies will not necessarily use less power with more efficient equipment. However, they will be more profitable and may connect more equipment to the same amount of power. Sustainability benefits are therefore more likely to come from reducing e-waste.

Third quarter

The first Blockscale chips will be delivered in the third quarter of this year to mining companies Argo Blockchain, Block Inc, Hive Blockchain Technologies and GRIID. As of 2023, Intel is expanding sales to serve other companies as well.

Nothing is yet known about the price of Intel’s Blockscale ASICs.

Earlier this year, Intel also unveiled the predecessor of the Blockscale chip: the Bonanza Mine (BMZ1).

Footage: Intel press release

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