{"id":408167,"date":"2022-02-21T11:18:50","date_gmt":"2022-02-21T08:18:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/intel-unveils-2nd-gen-bonanza-mine-chip-for-efficient-bitcoin-mining\/"},"modified":"2022-02-21T11:18:50","modified_gmt":"2022-02-21T08:18:50","slug":"intel-unveils-2nd-gen-bonanza-mine-chip-for-efficient-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/intel-unveils-2nd-gen-bonanza-mine-chip-for-efficient-bitcoin-mining\/","title":{"rendered":"# Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining"},"content":{"rendered":"

“# Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining <\/strong>”<\/p>\n

Computer chip manufacturing giant Intel Corporation shared details of a new mining chip that will be coupled with a high-performance 3,600 Watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.\u00a0<\/p>\n

Intel revealed its second-generation BTC mining setup during<\/a>\u00a0the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a conference dedicated to the electronics and chip manufacturing industry. <\/p>\n

According to the company, Bonanza mine (BMZ2) is an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver 40 Terahashes per second (40 TH\/s) performance.<\/p>\n

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Intel’s Bonanza setup. Source: 2022 IEEE<\/em><\/figcaption><\/figure>\n

As Cointelegraph previously reported, Intel\u2019s patent related to \u201chigh-performance Bitcoin Mining\u201d dates back to November 2018, which had proposed to reduce overall power consumption by app<\/a>roximately 15%. Intel representatives at the time showed confidence in competing against established players including Bitmain, MicroBT and Nvidia:<\/p>\n

\u201cIntel has done design work around SHA 256 optimized ASICs for several years beginning with pathfinding work done in Intel Labs.\u201d<\/p><\/blockquote>\n

The BMZ2 chips are expected to follow an architecture similar to its 1st-gen mining chip BMZ1, wherein over 300 chips, powered by a 3600W miner, work together to deliver up to 40TH\/s in a balanced environment.<\/p>\n

Intel\u2019s next-generation BTC miner will be able to deliver a balanced performance of 40.4 TH\/s by drawing 2,293W of power \u2014 recording a low energy consumption of 56.97 joules per terahash (J\/Th). When compared to Bitmain’s hardware, Antminer S19j ASIC Bitcoin miner consumes 3,100 Watts for delivering up to 90 TH\/s at room temperature, resulting in an efficiency of\u00a034.5 J\/Th.<\/p>\n

In addition, the hardware will also have the option to operate in high-performance and power-saving modes to optimize the energy-cost ratio across various degrees of mining efficiencies.<\/p>\n

<\/figure>\n

Intel is yet to announce a date for its official launch along with the technical requirements of the 2nd-generation mining setup.<\/p>\n

Related: <\/strong>Bitcoin difficulty reaches all-time high, hash rate up 45% in 6 months<\/em><\/strong><\/p>\n

The Bitcoin network mining difficulty maintains an upward trend, showcasing a strong indication of growing resilience against network attacks. <\/p>\n

At its peak, Bitcoin recorded a hash rate of 248.11 EH\/s on Feb. 13 after jumping 31.69% from 188.40 EH\/s in just one day.<\/p>\n

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Bitcoin hash rate over the past year. Source: YCharts<\/em><\/figcaption><\/figure>\n

With the increase in the hash rate, BTC mining equipment needs to evolve for delivering higher performance while consuming comparatively energy.<\/p>\n