Hello. Intel is currently one of the largest technology companies in the world and has announced that it will discontinue the production of ASIC chips for Bitcoin mining. The Blockscale line had gone on the market in April 2022 but continued to operate behind the scenes.
In the announcement the world's largest technology company will leave to take orders for its Blockscale chips as of October 20, 2023, and by April 2024 its production will be completely stopped. The problem arises is to get support for said chip, so the company assured that it will continue to support customers who have already purchased Blockscale chips.
This was stated by an Intel spokesperson to Tom's Hardware portal. According to him, he affirms that due to low demand and a shortage of supply, the company is forced to stop production and focus on manufacturing more efficient accelerators that consume less energy than the current ASIC chip.
“Intel is committed to and will promote an open and secure blockchain ecosystem and will contribute to the advancement of this technology in a responsible and sustainable manner” words by Raja Koduri, senior vice president of Intel. Despite the low demand, Raja thinks that the mining market needs software that is more powerful and does not consume a huge amount of energy.
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After inter will come to the world of bitcoin mining with something innovative in February 2022 it launched its Blockscale ASIC chip with a potential hashrate of 580 GH/s in operation and support of up to 256 ICs per system which made it like the software most powerful at the moment.
To launch this chip immediately, companies such as Argo Blockchain, Block Inc., Hive Blockchain Technologies and GRIID Infrastructure, among others, placed their requests to update their software and be at the forefront of technology, they did not want to be left behind with the technological advance that it was offering. inter.
To all these it is already a fact that by 2024 these chips will not go back to the market since Inter will focus on new projects that will soon be announced, although these companies reserve their information until the project is 100% working for another company to steal your idea.
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The publication is made by a compilation of information from the 3 mentioned sources, I hope this news has served you since we have to be aware of all the technological advances and developments that are to come when it comes to blockchain and cryptocurrency news.
