At the same time as its Bonanza Mine Chip, Intel also announced the Bonanza Mine System, which has 300 Bonanza Mine ASICs in it.
A look at Intel’s Bonanza Mine Chip was shown. It shows how it works.
GRIID, a company that mines bitcoin, will be using Intel’s new chips.
Intel’s mining chip will compete with Bitmain’s products that do the same job.
Intel had been preparing to show off its first Bitcoin mining ASIC at ISSCC 2022. As the event started on February 20, Intel revealed more information about the Bonanza Mine ASIC and its Bonanza Mine System, which is a self-contained computer that has 300 Bonanza Mine ASICs and consumes 3,600W of power. When Intel gave a presentation, it focused on the first-generation ASIC called “BMZ1” and the system that runs on it. However, the company is already shipping a second-generation product to customers, but Intel hasn’t said what it is yet or when it will be out.
As a non-miner, that sounds like a lot of numbers. It’s worth noting, though, that Intel’s performance numbers for the BMZ1 don’t quite match up to the competition from Bitmain, CryptoAge says. There is also a second-generation product called BMZ2 that the company has already begun shipping to its customers.
CoinTelegraph says the Bonanza Mine System has four hash boards, an Intel FPGA control unit, four fans, and a programmable power supply that can be set up to run at a certain speed. An FPGA is a “field programmable” integrated circuit that allows customers to change the hardware to meet their needs after the manufacturing process is done. In this case, the hardware will be used to mine Bitcoins. Read also; QD-OLED Big Innovation for TV and Monitor Displays
High-performance Bitcoin mining was patented by Intel in November 2018. It proposed a 15% reduction in overall power consumption, which would save a lot of money and time. At the time, Intel executives said they were confident that they could compete against well-known companies like Bitmain, MicroBT, and Nvidia.
A new chip from Intel called the BMZ2 will be available later this year. GRIID Infrastructure, a U.S. electric power company, is one of the first clients to get the first batch of the chips.
Intel has already said that the second-generation BTC miner will be able to deliver a balanced performance of 40.4THash/s by consuming 2,293W of power. This means that it will use only 56.97 joules of power for each THash. With Bitmain hardware, the Antminer S19j ASIC Bitcoin Miner uses 3,100W to produce 90THash/s at room temperature, which means that it is 34.5 joules per hash. Read more: How to Fix a White Screen on your iPhone
Tom’s Hardware reported that GRIID’s contract with Intel has a lot of redactions to keep private information safe. It still refers to Intel’s Reference Design Materials, which are documents that customers can use to help them integrate the Bonanza Mine chips into their own custom systems.
This means that Intel will give some of its customers the silicon so that they can make their own systems. If Jack Dorsey plans to use his company Block to make a “Bitcoin mining system based on custom silicon and open source for individuals and businesses around the world,” this will be good news for him.