Intel Blockscale ASIC: A New Approach to Energy-Efficient Mining

Intel Blockscale ASIC: A New Approach to Energy-Efficient Mining

Following months spent giving little to no information on its so-called “Bonanza Mine” approach towards blockchain technology, with the release of its Blockscale ASIC (application-specific integrated circuit), Intel, the world’s largest chip maker, has finally taken its first solid steps towards that end. The announcement, which came earlier this year, came hard on the heels of numerous triumphant designs, with major crypto mining networks like BLOCK, Argo Blockchain, HIVE, and GRIID Infrastructure all agreeing to deals worth millions of dollars for Intel’s solutions. In addition, Intel’s Blockscale ASIC chips launched ahead of schedule during the third quarter of this year.

Supported by decades’ worth of Intel’s expertise in semiconductor refinement and design and also other cryptographic technologies, the Blockscale ASIC serves as the next iteration of the firm’s first-generation BMZ1 (Bonanza Mine accelerator), which was a proof of concept for Blockscale’s second design. It intends to provide crypto mining that is less resource-intensive for mining specialists’ businesses that focus on Proof of Work (PoW) workloads, which is one of the consensus mechanisms that secure transactions within blockchain ecosystems. For that purpose, Intel has also created a particular division that manages product development and strategies within this space, known as the Custom Compute…