Intel To Unveil 'Ultra Low-Voltage Bitcoin Mining ASIC' In February

Intel, one of the world's largest chip makers, is likely to unveil a specialized crypto-mining chip at the International Solid-State Circuits Conference (ISSCC) in February, according to the conference's agenda (PDF). CoinDesk reports: One of Intel's "highlighted chip releases" at the conference is entitled "Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC." The session is scheduled for Feb. 23. This brings the company into direct competition with the likes of Bitmain and MicroBT in the market for bitcoin mining ASICs, or application-specific integrated circuits, for the first time. [...] Unlike its competitor Nvidia, Intel has said it doesn't plan to add ether mining limits on its graphics cards.

Ya, but ...

[fahrbot-bot]

Intel To Unveil 'Ultra Low-Voltage Bitcoin Mining ASIC

It needs 1,000 Amps, so... :-)

Re: Ya, but ...

[ch-chuck]

1000 amps at 1 millivolt (extra ultra low V) is only 1 watt.

deja vu

[Anonymouse Cowtard]

Feels like I've read this before

Re:deja vu

[avandesande]

don't worry, it's a low-voltage repost and carbon friendly

Sorry, that has has already been claimed

[Megane]

https://slashdot.org/story/22/01/18/1624258/intel-to-unveil-ultra-low-voltage-bitcoin-mining-asic-in-february [slashdot.org]

I come for the user comments not the articles.

[thesjaakspoiler]

User comments never fail to bring my daily enjoyment.

SOmeone forked the article

[goombah99]

this is a forked posting of an earlier duplicate

dupe detecting

[queequeg1]

That's great, but what would be really useful is if Intel could unveil an ultra low-voltage Slashdot dupe detecting ASIC.

I'll say in this dupe what I didn't say in OG post

[williamyf]

As long as these ASICs are made in 14nm or higher, no biggie, but if intel is wasting intel 7nm capacity on this, shame on intel.

Also, I hope that "ASIC resistant" coin miners move en masse to Intel and InnoSilicon/PowerVR graphics cards, so that there is more AMD and Nvidia inventory for us normal users...

Hold up!

[Gravis Zero]

What if they could make a bitcoin miner that was run on Slashdot dupes? They would be soooo rich!

Re:

[Major_Disorder]

What if they could make a bitcoin miner that was run on Slashdot dupes? They would be soooo rich!

What if they already have?
Did I just blow your mind?

Re:

[taustin]

That would explain how often dupes get posted.

Re:Hold up!

[DontBeAMoran]

What if they could make a bitcoin miner that was run on Slashdot dupes? They would be soooo rich!

Re: Hold up!

[Guy Smiley]

I'm announcing "DupeCoin". One coin is created for every duplicate article on Slashdot. The value of each coin is proportional to the number of comments on the second article posting. Slashdot authors are not eligible. You heard it here first. :-)

'Value' from rarity.

[RyanFenton]

It doens't matter how 'efficient' hardware is made to ease cryptomining. The value of the currency itself is currently linked to the designed increasing difficulty in finding the magic numbers for that algorithm.

The less resources required, the more that will be mined, and then you're back where you started. Burning resources at the same rate, just with more tokens at play for the same money.

The nature of the currency is to burn the environmentally available resources to grow tokens for trade.

To paraphrase Monty Python: 'Tis a silly system.

We've had sillier, but this ain't the answer.

Ryan Fenton

Re:

[stikves]

Yes.

This will only serve to send existing ASIC miners to landfill, and replace them with Intel ones, just until the next wave arrives.

Back in the day, I looked at how this worked. Basically a mining device will bring just enough money to make up for its price, and then become obsolete, not even paying for the electricity it consumes as soon as new model is on the market.

It is literally a race to the bottom (of the dumpster).

Re:

[avandesande]

I looked into buying up some used solar panels and mining bitcoin and it was somewhat profitable. More of an energy play than crypto mining. In our area you are not allowed to hook up used panels to the utility mains, so you can't make money with them that way.

Re:

[h33t l4x0r]

The number of bitcoins doesn't change, more mining just means block rewards get halved faster. Plus lower transaction fees which is nice I guess.

Re:

[DrMrLordX]

ugh, why respond seriously to a dupe article?

Re: 'Value' from rarity.

[TJHook3r]

It's very much like how it takes the same time to do something in Microsoft Office as it did 20 years ago!

The only way...

[bjwest]

This is the only way to prevent them from scarfing up all the GPUs on the market -- make it cheaper to get something dedicated to crypto mining that does a better job.

Re:

[evanh]

Price won't help the GPU problem while Intel's chip is Bitcoin only. GPUs haven't been used for Bitcoin for many years.

So, any talk of solving GPU shortages with this is nothing but pure bullshit.

Re:

[bjwest]

I said nothing specific to Bitcoin, I'm saying the only way to keep crypto miners, in general, from buying up all the video cards is to make them dedicated devices to mine, at a cheaper price than current high-end GPUs.

Re:

[DrMrLordX]

1). this is a dupe
2). wtf man people don't mine BTC with dGPUs anymore! Wake up.

Re:

[bjwest]

Regardless of the story, my comment concerned all crypto mining, not Bitcoin.

Good - Hope the Blockchain Market Crashes!

[BrendaEM]

...like a cheap airplane.

Re:

[DrMrLordX]

I hope the dupe market crashes.

Thought Intel had bigger problems to fix?

[Deal In One]

Don't they have to work on competeing with TSMC, AMD, NVIDIA, ARM, APPLE (and others - the list goes on)?

Why get involved with another thing which has a potential to sink anytime, and end up adding even more competitors to the list, when your core products (CPUs) and still in the process of catching up with AMD?

I dont think any of their products are currently outright leaders in that market segment currently.