It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all this chaos? Will it react at all? The news didn’t immediately do much, but the long-term effect remains to be seen.
Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team👍
Excited to see how @ArgoBlockchain @griid and @HiveBlockchain improvise around Blockscale and our open design. pic.twitter.com/0rxtNTLMfw— Raja Koduri (Bali Makaradhwaja) (@RajaXg) June 29, 2022
Raja Koduri, Intel’s Architecture, Graphics and Software (IAGS) division’s senior vice president, recently tweeted:
“Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team. Excited to see how Argo, Griid and Hive improvise around Blockscale and our open design.”
Notably absent from the list is BLOCK, Jack Dorsey’s company. Does that mean something or is BLOCK just fourth on the list? Three months ago, Bitcoinist quoted Raja Koduri emphatically saying:
“Our blockchain accelerator will ship later this year. We are engaged directly with customers that share our sustainability goals. Argo Blockchain, BLOCK (formerly known as Square) and GRIID Infrastructure are among our first customers for this upcoming product.”
The Bitcoin Miners React To Intel’s Announcement
Green mining company Hive was the first to react, they tweeted “HIVE is proud to have partnered with Intel, and we can’t wait to put the new ASICs to good use mining BTC!” A few months ago, the company was much more eloquent in a press release NewsBTC quoted. “These miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 Exahash per second.”
$HIVE is proud to have partnered with @intel, and we can’t wait to put the new ASICs to good use mining $BTC! https://t.co/qDWKnU95MI
— H I V E (@HiveBlockchain) June 29, 2022
For their part, Argo also went the simple route and tweeted….
Click Here to Read the Full Original Article at NewsBTC…
