Intel creates blockchain chip

Energy-efficient and secure

Intel has stated its desire to contribute to the development of blockchain technology with its Energy Efficient Accelerator Roadmap. Intel will leverage and promote an open and secure blockchain ecosystem, and promote this technology in a responsible and sustainable manner.   

We are mindful that some blockchains require enormous computing power, which unfortunately leads to enormous amounts of energy. Our customers need scalable and sustainable solutions, so we are focused on realizing the full potential of blockchain by developing the most energy-efficient and scalable computing technology.   

Intel blockchain chip

Our blockchain gas pedal will be released later this year. We work directly with customers who share our sustainability goals. Argo Blockchain, BLOCK (formerly known as Square) and GRIID Infrastructure are among our first customers for this upcoming product. This architecture is implemented on a tiny piece of silicon, so it has minimal impact on the delivery of current products.  

The Intel lab has spent decades researching robust cryptography, hashing techniques and ultra-low voltage circuits. We expect our innovations in circuits to produce a blockchain gas pedal that is more than 1,000 times faster per watt than conventional GPUs for SHA-256-based mining.  

To support this and additional new technologies, we have formed a new Custom Compute Group within the Intel Accelerated Computing Systems and Graphics business unit. The goal of this team is to build custom silicon platforms optimized for customer workloads, including blockchain and other customizable accelerated supercomputing capabilities at the edge.

Simply put, Intel is developing some kind of hardware solution to accelerate blockchain. Exactly how it will accelerate blockchain is unclear, but the company emphasizes that it will do so in the most energy-efficient and secure way possible. Considering that Intel is going to release the product as early as this year, the development has obviously been underway for a long time, so details will not be long in coming. 

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