Intel launches Blockchain chip for Bitcoin mining and NFT minting check all details

New Delhi: Chip-making giant Intel is working towards making a chip designed to mine cryptocurrency and it will also be energy-efficient. The energy-efficient crypto chip's first buyers will be Block, the Jack Dorsey-owned fintech company formerly known as Square. The company is calling its first crypto chip a “blockchain accelerator” and it is slated to ship later this year. Our customers are asking for scalable and sustainable solutions, which is why we are focusing our efforts on realizing the full potential of blockchain by developing the most energy-efficient computing technologies at scale," Raja M. Koduri, Senior Vice President and General Manager, Accelerated Computing Systems and Graphics Group, Intel, said in a statement. The company mentioned that it expects its circuit innovations will deliver a blockchain accelerator that has over 1000 times better performance per watt than mainstream GPUs for SHA-256 based mining.