Finally, Intel is in association with the Bitcoin mining trade. It has been only six months since this giant technical firm declared the production of its ASIC chip with extremely low voltage and energy efficiency factors. This announcement was made by a tweet from Raja Koduri, IAGS’s senior VP.
If it wasn’t for the downtrend Bitcoin is going through recently, an infrastructural collab with Intel, a globally widespread agency would be marvelous for its growth. Now, since the circumstances are different how this alliance will be effective in the long-term is yet to be seen.
It is also noteworthy to mention that BLOCK, Jack Dorsey’s firm was nowhere on the list due to uncertain reasons. Even though three months ago, Raja Koduri had said:
“Our blockchain accelerator will ship later this year. We are engaged directly with customers that share our sustainability goals. Argo Blockchain, BLOCK (formerly known as Square), and GRIID Infrastructure are among our first customers for this upcoming product.”
Several Bitcoin Miners acknowledged Intel’s tweet. Hive, a green mining company was the first one.
The company even articulately once commented in a report by NewsBTC: “These miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hash rate from 1.9 exahash per second.”
Argo too posted an expressive tweet.
Remember, Raja Koduri’s comment when Intel’s bitcoin mining experiment was just initiated:
“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.”
ePIC Blockchain Technologies designs which they call “North American Designed ASIC RIGs.” It can be said that ‘innovation and customization have begun.’
Aurora has worked with a leading crypto news site as a Journalist. Aurora is working as Senior Journalist with Coinfea. She loves to travel in her free time.