Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process


On Nov. 27, the sector’s second-largest semiconductor chip maker, Intel, was once granted a patent for a processing device that mines Bitcoin however makes use of extra “energy-efficient accelerators.” In line with the patent known as the “Optimized SHA256 Datapath,” the newly invented “high-performance” Bitcoin mining procedure may cut back general energy intake by means of 15 %.

Additionally learn: Sirin Labs Launches Blockchain-Centric ‘Finney’ Smartphone

Intel Awarded a Patent for a New Bitcoin Mining Procedure

The Intel company, headquartered in Santa Clara, California is widely known for being a aggressive chipset producer. Closing Tuesday the corporate was once granted a patent by means of america Patent and Trademark Place of business (USPTO) which describes a specialised processing device for mining the SHA256 set of rules. The patent was once filed on June 29, 2016, and the concept that was once invented by means of 3 folks from Hillsboro, Oregon.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process
Intel’s newest patent claims the company has invented a extra effective SHA256 mining (BCH, BTC) procedure. The mining procedure is optimized by means of the usage of SHA256 datapaths. 

The discovery claims to be a extra effective mining processor with accelerators that may slender general energy intake in comparison to lately’s application-specific built-in circuit (ASIC) machines. The patent’s description is 29 pages lengthy and comprises figures which illustrate the processing device. The discovery may include of quite a lot of such things as a “chipset, or a portion of a chipset.”

“Embodiments of the current disclosure come with energy-efficient ASIC-based SHA engines that devour much less energy for Bitcoin mining operations,” explains the patent.

The Intel patent explains that Bitcoin’s generation “resolves the ‘double spending’ downside,” however additional emphasizes that processors lately which can be mining cryptocurrencies devour monumental quantities of energy. Intel says some “clusters of SHA engines” devour greater than 200 watts. The discovery claims it is going to profit from a myriad of SHA-256 levels and techniques of processing hash by using optimized knowledge paths.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process
Intel’s Bitcoin mining patent licensed on Nov. 27, 2018.

Intel’s Festival is Samsung

Intel entering into the Bitcoin mining area is fascinating nevertheless it’s no longer the company’s first style of cryptocurrency answers. On the Cash 20/20 match in 2016, Bitpay introduced that Copay pockets customers would get “hardware-level safety” with Intel’s Tool Guard Extension (SGX). A 12 months later the virtual forex pockets producer Ledger published it had partnered with the multinational generation company. Ledger defined on the time that the group’s working device BOLOS could be tied to SGX.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

The corporate’s newest patent, on the other hand, turns out to focal point extra on what Intel is best possible at, which is growing high-performance semiconductor chips. In this day and age, Intel is the second one best valued semiconductor producer on this planet with Samsung sitting at the throne. Samsung has already began generating business grade ASIC chips for positive Bitcoin-based mining companies and has a lead on Intel up to now. The Bitcoin mining procedure advanced by means of Intel presentations the company indisputably needs in in this leading edge and rising trade of “SHA engines.”

What do you take into consideration Intel’s Bitcoin mining patent? Do you suppose Intel plans on being extra concerned throughout the cryptocurrency trade? Tell us what you take into consideration this matter within the feedback segment beneath.

Pictures by way of Shutterstock, USPTO, Pixabay, Intel, and Samsung trademarks. 

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