INTC launches new ASIC mining chips that can add billions in income over a few years.
Intel Corp on Friday launched a brand new chip for blockchain purposes comparable to Bitcoin mining and minting NFTs to money in on the rising utilization of cryptocurrencies.
The chip will ship later this yr and the primary clients embrace Block Inc, the Jack Dorsey-led agency that just lately modified its title from Sq. Inc to focus on its rising give attention to the blockchain.
Blockchains function public ledgers that maintain data of transactions on a community of computer systems and have grown in prominence in recent times. Their rise has additionally triggered a buzz round phrases like “Internet.3” and “NFTs” that tout the decentralization of applied sciences.
Intel stated its chip is an energy-efficient “accelerator” designed to hurry up blockchain duties that require large quantities of computing energy and thereby devour a whole lot of power.