Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Intel will present the ‘Bonanza Mine’ Bitcoin mining chip at the upcoming ISSCC conference.
The technology giant Intel looks like it will finally get into the business of hardware mining of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. but not with their new GPU . According to news reports, it will be through a chip, called “Bonanza Mine”. The presentation as such to the public will be on February 20 at the International Solid State Circuits Conference (ISSCC), in the city of San Francisco, United States.
The presentation of Intel has been programmed in the category “Featured chip releases”, where he will detail the new chip, which has been described as a “Low-voltage, energy-efficient Bitcoin mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. ASICs”.
The ISSCC conference is an annual gathering of the best and brightest minds in the chip industry. There Intel will have the presentation of its “Bonanza Mine”. This means that Intel could soon be competing with companies from Bitmain in the market an area or arena, online or offline, in which commercial dealings are conducted. for specialized ASICs for mining of Bitcoin.
Intel commented on the new chip forTom’s Hardware y dijo: “Intel has been doing design work around SHA 256 optimized ASICs for several years, starting with search work done at Intel Labs. We will share more details in the future.”
The presentation comes on the heels of comments from the head of GPU de Intel, Raja Koduri, during a live broadcast last December, where he indicated that the company is working on hardware specialized for blockchain/cryptocurrency technologies.
There Koduri confirmed that the new chip would be completely separate of the graphics processors (GPU) que “they’ll do graphics, games and all that wonderful stuff.”
Here you can watch the interview about the GPU de Intel:
Intel and crypto
It is worth remembering that in August 2021 we counted that the semiconductor chip manufacturer company Intel bought around USD $800,000 worth of shares in the exchange Coinbase is an American company that operates a cryptocurrency exchange platform. (COIN) . The purchase is dated June 26, 2021. according to a report submitted to the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC).(SEC).
This was the first major investment of Intel in a company related to cryptocurrencies. However, this is not the first time it has been related to the same. The chipmaker has been interested in Bitcoin , cryptocurrencies and technology Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. for years. In 2019, the company published a patent on the mining of Bitcoin .
The document submitted to the U.S. Patent and Trademark Office . describe un “system on a chip (SOC)”. that optimizes the energy consumption of BTC miners. The company was awarded the patent.
Titled “Bitcoin mining hardware accelerator with message collection optimizer and message scheduler with data path.” (in English “Bitcoin Mining Hardware Accelerator with Optimized Message Digest and Message Scheduler Datapath” ), the patent was originally filed in September 2016, but in 2019 it was published for the first time.
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Imagen de Unsplash (the image is referential, it is not the chip referred in the article)