Intel files patent on high efficiency Bitcoin mining chip

30 Nov, 2018
by David Borman
Mining
Intel files patent on high efficiency Bitcoin mining chip

It is being reported by The Next Web that Intel has filed a patent for a highly efficient new chip that is designed for mining cryptocurrencies such as Bitcoin. Should the price of Bitcoin rise anytime soon, this could lead to a new age of miners using equipment making ASICs obsolete.

The key difference from the proposed chip and current ASIC miners is the way transaction data that is meant to be processed only once is handled. ASICs perform a series of steps to process the data, which is resource intensive. The new processors are hardwired to process the data in one efficient step, minimizing redundancy and resource costs.

Due to the current bear market, Intel may not begin producing these chips just yet, or possibly ever, however having the patent means that if anyone will, it's them. Should the market turn around though, it would only make sense for Intel to release these on the public before or during the next bull run.

If it were released and performed as well as promised, it could outclass the controversial ASIC miners, changing the landscape of crypto mining once again. Will that day come to pass? Stick with Chepicap for any and all updates!

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Read more about: Bitcoin (BTC) Mining

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