Wednesday, February 28, 2024

Intel introduces new Blockscale chip for energy-efficient hashing

Microchip giant Intel has launched its new Blockscale chip, an application-specific integrated circuit (ASIC) to provide customers with energy-efficient hashing. The latest product is targeted at proof-of-work (PoW) consensus networks.

The Intel Blockscale chip has a dedicated secure Hash Algorithm-256 (SHA-256) ASIC processor. It empowers users with up to 580 GH/s hash rate operating and up to26 J/TH power efficiency. Moreover, the new Blockscale chip supports up to 256 integrated circuits per chain.

Balaji Kanigicherla, Intel vice president and general manager of Custom Compute in the Accelerated Computing Systems and Graphics Group, highlighted that the momentum around blockchain continues to build. Its the enabler of decentralized and distributed computing, and makes way for innovative business models. Intel, in an effort to power this new era, is delivering solutions that can offer an optimal balance of hashing throughput and energy efficiency. This is regardless of the customers’ operating environment. Kanigicherla pointed out that Intel’s decade of R&D makes it possible for blockchain applications to scale their computing power without compromising on sustainability.

Jose Rios, general manager of Blockchain and Business Solutions in Accelerated Computing Systems and Graphics Group at Intel, said the company is committed to advancing blockchain technology in a responsible way. Intel is working towards providing solutions to companies that are creating a more sustainable cryptocurrency ecosystem.

Intel’s latest product will play a major role in helping Bitcoin mining companies achieve sustainability and hash rate scaling objectives in the near future.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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