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Intel Gets Permission for Energy-Saving Mining Chips on Its Patent
Earlier this week, the world-famous Intel giant won a patent for producing a processor that, reportedly, can mine crypto coins at high efficiency, allowing one to minimize energy waste.
The processor will be using the titled SHA-256 algorithm, currently utilized by the Bitcoin network.
Not Intel’s first attempt in mining
Intel has already filed patents to work in the crypto mining area. It first began to make mining chips run by 21 Inc. Later, the factory that produces them rebranded as Earn.com and was bought by Coinbase exchange.
Yuri MolchanPatent details
The document says that BTC miners will profit from working via these chips by getting a reward for blocks and receiving transaction fees. However, mining gear for the BTC chain usually works with ASICs, which consume a great amount of electricity.
Intel claims it has found a solution to hardwire the parameters of these devices, which will diminish the amount of electricity necessary for mining by about 15 percent. The company reps claim that this figure can be increased in the future, making BTC mining even more energy-efficient.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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