Crypto Miner Hive to Buy Intel Mining Chip That Can Raise Hashrate by 95%

Crypto Miner Hive to Buy Intel Mining Chip That Can Raise Hashrate by 95%
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Crypto Miner Hive to Buy Intel Mining Chip That Can Raise Hashrate by 95%

Hive Blockchain (HIVE) agreed to buy Intel’s new mining chips in a deal the crypto miner said could increase its aggregate bitcoin mining hashrate by as much as 95% from 1.9 exahash per second (EH/s).

  • Hive said an original design manufacturer (ODM) will incorporate the Intel (INTC) chips into an air-cooled bitcoin mining system. The system is expected to be delivered over a period of 12 months starting in the second half of 2022.
  • “Intel’s energy-efficient and high performance blockchain accelerator is expected to reduce our power consumption over current ASIC miners on the market,” Hive President & COO Aydin Kilic said in a statement.
  • Intel revealed the details of the first generation of its mining chip, which failed to match current rivals, at a semiconductor conference in February. However, it is the second generation that will be shipped to Hive as well as peers Griid, Argo Blockchain and Block (formerly Square) later this year.
  • On Feb. 28, Griid said Intel’s second-generation mining machine, Bonanza Miner 2, will be the second most efficient on the market with hashrate of 135 terahash/second (TH/s) at an electricity efficiency of 26 joules/terahash (J/TH).
  • Vancouver, Canada-based Hive also signed a deal with Compute North to deploy 100 megawatts of miners at a Texas facility run by renewable energy.

Read more: Hive Blockchain Q3 Revenue Jumps Fivefold From Previous Year

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