Image by Intel
Intel is investing in blockchain technology with a new chip designed to mine cryptocurrency (via Reuters). The company is focusing on sustainability, and plans on “developing the most energy-efficient computing technologies at scale.”
Intel’s first crypto-focused chip, which it calls a “blockchain accelerator” is set to ship later this year. Two companies have already preordered the technology, including Bitcoin mining company GRIID Infrastructures and Block, the Jack Dorsey-owned fintech company formerly known as Square.
The environmental impact of cryptocurrency mining has become a huge concern
“We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream…
