{"id":413247,"date":"2022-03-08T07:26:24","date_gmt":"2022-03-08T04:26:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hive-blockchain-to-expand-mining-operations-with-new-intel-asic-chips\/"},"modified":"2022-03-08T07:26:24","modified_gmt":"2022-03-08T04:26:24","slug":"hive-blockchain-to-expand-mining-operations-with-new-intel-asic-chips","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hive-blockchain-to-expand-mining-operations-with-new-intel-asic-chips\/","title":{"rendered":"# HIVE Blockchain to expand mining operations with new Intel ASIC chips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ea9fc1dbc0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ea9fc1dbc0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/hive-blockchain-to-expand-mining-operations-with-new-intel-asic-chips\/#%E2%80%9D_HIVE_Blockchain_to_expand_mining_operations_with_new_Intel_ASIC_chips_%E2%80%9C\" >&#8221; HIVE Blockchain to expand mining operations with new Intel ASIC chips &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_HIVE_Blockchain_to_expand_mining_operations_with_new_Intel_ASIC_chips_%E2%80%9C\"><\/span>&#8221; HIVE Blockchain to expand mining operations with new Intel ASIC chips &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMzBhY2VjM2QtZmNkYy00YTdlLTk5ZGMtMzM0Y2EzYTBiMjNlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Publicly traded crypto mining company HIVE Blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their new custom mining devices.<\/p>\n<p>HIVE has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hiveblockchain.com\/news\/hive-blockchain-announces-landmark-deal-to-buy-new-high-performing-asic-chips-from-intel-and-a-100-mw-renewable-energy-deal-in-texas\/\">arranged<\/a> for the new devices to be made by a third-party custom design manufacturer that will integrate the Intel chips into new air-cooled Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/v\">BTC<\/a>) mining devices. <\/p>\n<p>HIVE expects that the new devices will nearly double its aggregate Bitcoin mining hash rate from 1.9 to 3.8 Exahashes per second (Eh\/s). They will begin arriving ready for use starting in the second half of 2022.<\/p>\n<p>Intel stated in its patent for the chips, called \u201cBonanza Mine,\u201d that the chips would also reduce the power consumption of mining operations by 15%. The reduction in power usage may allow HIVE to employ more devices, helping it increase its hash rate contribution even more.<\/p>\n<p>Aydin Kilic President and COO of HIVE suggested that the new devices would be important in the future growth of the company and its hash rate contributions to the network. He said that the company is committed to \u201cimplementing these next-generation blockchain accelerators in (HIVE\u2019s) green energy infrastructure.\u201d Executive Chairman of HIVE, Frank Holmes, added: <\/p>\n<blockquote><p>\u201cIntel\u2019s commitment to challenging the status quo and commitment to energy-efficient products aligns very well with our ESG and clean energy commitment.\u201d<\/p><\/blockquote>\n<p>Currently, New York state and several countries around the world are considering banning Bitcoin mining in the name of preservation of the environment and the power supply. HIVE may be protected against such complaints regarding its new Texas location by using a facility powered by renewable energy owned by digital infrastructure firm Compute North.<\/p>\n<p>HIVE currently has mining operations in Canada, Iceland, and Sweden where it mines BTC, Ethereum (ETH), and Ethereum Classic (ETC). The Texas operation will be it&#8217;s first in the U.S.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin mining difficulty drops for the first time this year<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>lication-specific integrated circuit (ASIC) chips are customized for a particular use. In the case of Bitcoin mining, they are designed to perform complex mathematical equations in order to create new blocks on the chain.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hive-blockchain-to-expand-mining-operations-with-new-intel-asic-chips\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; HIVE Blockchain to expand mining operations with new Intel ASIC chips &#8220; Publicly traded crypto mining company HIVE Blockchain Technology has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their new custom mining devices. HIVE has arranged for the new devices to be made by a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":413248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMzBhY2VjM2QtZmNkYy00YTdlLTk5ZGMtMzM0Y2EzYTBiMjNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,78232],"class_list":["post-413247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-intel"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=413247"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/413248"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=413247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=413247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=413247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}