Intel to the Rescue
According to a United States Patent Application released on March 29th, technology giant Intel is interested in creating specialized hardware for Bitcoin mining. The patent application was filed on September 23rd, 2016, and describes a Bitcoin mining hardware accelerator.
According to the filing’s abstract, the patent is for “A System on Chip implementing a Bitcoin mining hardware accelerator [which] may include a processor core and a hardware accelerator coupled to the processor core.” The hardware accelerator is intended to “mine digital currency,” and “may include a first computational block, including a message digest datapath,” as well as “a second computational block.”
In laymen’s terms, Intel’s new hardware would theoretically make Bitcoin mining less energy intensive, and thus more profitable.
Big Bad Bitmain
Bitcoin mining is currently dominated by Bitmain Technologies Ltd., a privately owned company headquartered in Beijing, China. In addition to operating several of the world’s largest Bitcoin mining pools, Bitmain manufactures ASIC chips and …
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