Intel announces a new generation of its Bonanza mining processing chips with a revolutionary ultra-low-voltage energy-efficient ASIC that will be capable of mining Bitcoins at a rate of 40 Terahashes per second (40 TH/s).
ASICs called ‘Bonanza Mine’ were introduced by Intel during the ongoing International Solid State Circuits Conference (ISSCC). A large power miner of almost 3,600 Watts is basically made up of 300 tiny chips combined to provide high performance.
It is anticipated that the chip will feature an architecture similar to that of its predecessor, the BMZ1, in which over 300 chips, powered by a 3,600W miner, will work together to generate up to 40 TH/s in a balanced environment.
The next generation Intel Bitcoin miner will be capable of drawing 2,293 Watts of energy to deliver a balanced performance of 40.4 Terahashes per second – ultimately resulting in a 56.97 joules per terahash energy consumption. At room temperature, the Antminer S19j Bitcoin miner consumes 3,100W to deliver up to 90 TH/s. In comparison, Bitmain’s hardware consumes just 5,725W, resulting in a 34.5 J/TH efficiency when compared to the Antminer S19j.
As part of its high-performance and power-saving modes, the hardware will also be able to operate in a wide range of mining efficiency levels in order to optimize the energy-cost ratio, as well as manipulate the graphics output.
Over the last few years, Intel has been working on improving the performance and efficiency of its Bitcoin mining chips. A patent was filed by the company in 2018. A 15% reduction in power consumption was claimed in Intel’s patent. In the past, Intel stated: “Intel has been developing SHA 256 optimized ASICs since the path-finding work has been done in Intel Labs.”
According to the latest information on the subject, Intel has acknowledged its progress when it comes to the development of Bitcoin mining chips. In addition to this, Intel also announces that it is joining the Bitcoin Silicon program, which also includes such players as BLOC, the GRIID infrastructure, and Argo’s blockchain.
The next-generation mining setup has yet to be officially announced by Intel, the date of launch and the technical requirements.
