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The newly-named Blockscale ASIC has been one of the year’s top bitcoin stories.
A juggernaut like Intel entering the bitcoin mining space is huge, and the company’s low-energy PR strategy has worked. The headline of today’s story is that the first batch arrives in Q3 of this year to the already announced clients.
The Blockscale ASIC is a chip and not a mining machine as everyone expected. Each company will use it to develop its own miners.
“Shipments of Intel Blockscale ASIC to customers will begin in the third quarter of 2022. Argo Blockchain, Block Inc., Hive Blockchain Technologies and GRIID Infrastructure will be among the first companies to develop new systems based on Intel’s ASIC.” As the press release explains it.
The company summarizes its promise as, “energy-efficient hashing for proof-of-work consensus networks.”
“Today, we at Intel are declaring our intent to contribute to the development of blockchain technologies, with a roadmap of energy-efficient accelerators. Intel will engage and promote an open and secure blockchain ecosystem and will help advance this technology in a responsible and sustainable way.” As stated in February, by Senior Vice President Raja M. Koduri.