U.S. technology company Intel announced Monday its new ASIC chip called Blockscale, intended for Bitcoin (BTC) mining. With this, they promise to help large mining companies achieve the sustainability and scalability needed to maintain operations without energy over-utilization.
In a statement posted on their website, they introduced the Intel Blockscale ASIC, an application-specific integrated circuit (ASIC) chip, with which Bitcoin mining will be performed and which will start shipping to buyers from the third quarter of this year.
The chip will provide low power consumption for mining equipment working with Proof of Work (PoW). For that, it targets an energy efficiency of 26 J/TH, using an ASIC Secure Hash Algorithm-256 (SHA-256) processor, which is the algorithm typically used by Bitcoin.
This new Intel product is expected to reach a hashrate of 580 GH/S in operation and support up to 256 integrated circuits per system.
One interesting thing is that, contrary to what has been happening in the market, Intel will not sell a whole mining kit, but will only offer the ASIC chip, which will allow each miner to customize their specialized hardware the way they want. However, the shipment will have a reference equipment design for the assembly of all equipment.
It is not clear through which channel the chip pre-sale will begin, but presumably it will be within the company itself, as shipments will begin in September.