Technology

Intel says its new crypto chip is designed to be energy-efficient

Intel is investing in blockchain technology with a new chip designed to mine cryptocurrency (via Reuters). The company is focusing on sustainability, and plans on “developing the most energy-efficient computing technologies at scale.” Intel’s first crypto-focused chip, which it calls a “blockchain accelerator” is set to ship later this year. Two companies have already preordered the technology, including Bitcoin mining company GRIID Infrastructures and Block, the Jack Dorsey-owned fintech company formerly known as Square. “We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining,” Raja Koduri, Intel’s senior vice president explains in the announcement, referring to the SHA-256 hashing algorithm used to generate Bitcoin and a number of other cryptocurrencies.

Full story : Intel says its new crypto chip is designed to be energy-efficient.

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.