Intel’s new chip will deliver 1000X better performance per watt than mainstream GPUs for SHA-256 based mining.
Intel has plans to release an energy-green blockchain chip this yr to assist organizations scale and realize the total capability of blockchain technology.
The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus on the blockchain.
Intel said its chip is an energy-efficient “accelerator” designed to speed up blockchain tasks that require vast amounts of computing power and thereby consume a lot of energy.
Chip designer Nvidia, whose photographs playing cards are used extensively for mining activities, additionally has a separate chip supposed for Ethereum mining.
Intel senior vice-president Raja M Koduri wrote in a put up on Friday (eleven February) that the brand new accelerator will release later this year. Its first clients will encompass Argo Blockchain, Griid Infrastructure and Block, the Jack Dorsey-led bills company that recently modified its call from Square.
“Intel Labs has dedicated decades of research into reliable cryptography, hashing techniques and ultra-low voltage circuits,” Koduri said. “We expect that our circuit innovations will deliver a blockchain accelerator that has over 1,000 [times] better performance per watt than mainstream GPUs for SHA-256 based mining.”
To help its expansion into this sector, Intel has also formed a new team called the Custom Compute Group, within its accelerated computing systems and graphics business unit. This group’s goal is to build “custom silicon platforms optimised for customers’ workloads”, Koduri said.
He added that there have been “exponential increases” in computing performance under Moore’s Law. This is the principle coined Intel co-founder Gordon Moore that the number of transistors on a microchip doubles every two years, while the cost of computers is halved.
Intel has created a new division named Custom Computer Group within its Accelerated Computing Systems and Graphics business unit to expand its presence in the industry.
As a part of furthering its footprint in the space, Intel has also formed a new segment called Custom Compute Group within its Accelerated Computing Systems and Graphics business unit.