[ad_1]
Intel (NASDAQ:INTC) mentioned on Friday that it was launching a brand new microprocessor for blockchain functions, together with Bitcoin mining and creating non-fungible tokens, or NFTs, because it seems to be to compete with the likes of Nvidia (NASDAQ:NVDA) and Superior Micro Units (NASDAQ:AMD) within the house.
The brand new chips, that are comprised of the Bonanza Mine ASCIs, shall be utilized by numerous prospects this yr, together with Block (NYSE:SQ), Argo Blockchain and GRIID Infrastructure.
“We’re conscious that some blockchains require an infinite quantity of computing energy, which sadly interprets to an immense quantity of power,” Raja Koduri, Senior Vice President Basic Supervisor, Accelerated Computing Programs and Graphics Group, wrote in a weblog put up.
“Our prospects are asking for scalable and sustainable options, which is why we’re focusing our efforts on realizing the total potential of blockchain by creating probably the most energy-efficient computing applied sciences at scale,” Koduri added.
Intel shares have been down barely greater than 0.5% to $48.57 in mid-day buying and selling on Friday.
The chip shall be obtainable later this yr and Intel has created a brand new phase for these chips, often called Customized Compute Group, housed inside its Accelerated Computing Programs and Graphics unit.
Final month, In search of Alpha reported that Intel would unveil a chip used for Bitcoin mining.
Earlier this week, Citi mentioned Intel had gained some market share within the general microprocessor market, however had misplaced floor to AMD within the all-important server market.
[ad_2]
Source link