On Friday, Raja M. Koduri, senior vice president of Intel’s Accelerated Computing and Graphics Group, declared his intention to contribute to the development of blockchain technologies. This begins with the introduction of low-power crypto mining accelerators that will launch this year. Previously, Intel had announced that it would introduce the next generation of IC mining machines for specific applications at the upcoming International Solid-State Circuits Conference later this month.

The company would also form a new International Solid State Circuits Conference within the Koduri division. It would be responsible for building custom silicon platforms to optimize blockchain mining performance and for supercomputer design alike.

In addition, the company believes that its circuit innovations will deliver a blockchain accelerator that has 1,000 times better performance per watt or energy used per unit of time than conventional GPUs used to mine blockchain networks that use encryption. SHA-256. Regarding the development, Intel said:

“Argo Blockchain, BLOCK (formerly known as Square), and GRIID Infrastructure are among our first customers for this upcoming product. This architecture is implemented on a small piece of silicon to have minimal impact on current product delivery.”

Intel has had a strange and low-key relationship with the cryptocurrency space over the years. Although traditionally, the mining difficulty of the Bitcoin network has increased to the point where ASICs are required instead of GPUs to have a chance at profitability. As for Ethereum mining, NVIDIA and AMD currently dominate the sphere with their GPUs being mass-sold to local miners. Before introducing its Bitcoin mining hardware, Intel hadn’t seen much action in the crypto space, aside from taking a small stake in Coinbase stock last year.



This post Intel to enter the crypto space with blockchain accelerator shipping later this year

was published first on https://cointelegraph.com/news/intel-to-enter-crypto-space-with-blockchain-accelerator-shipping-later-this-year

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