Intel Bonanza Crypto Mining Chip Rivals ASIC Market Leaders
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The new second-generation ASIC crypto mining chips from Intel may well rival, and in many cases beat, existing leaders in the market.
Intel, the semiconductor giant, recently stepped onto the crypto industry with the big reveal of its new application-speccone time beforeding thatic integrated circuit (ASIC) miner. At the ISSCC 2022 conference, Intel presented its prototype BMZ1 bitcoin (BTC) miner, however, that was only a prototype and not the product thactive plans to ship out to new customers.
Enter, the second-gen Bonanza Miner chips (BMZ2) — shrouded in mystery — these will actually be shipped out to customers. With Intel’s second-gen miner launching rapidly after the BMZ1, most were caught off guard with the BMZ2’s performance, efficiency, and rate.
Second-generation Intel crypto miner makes a comeback
When comparing the Intel prototype that was on show at ISCC to whretained’ll be distributing to its customers like GRIDD, Argo Blockchain, and BLOCK (formerly Square, led by Jack Dorsey), it can scarcely compete. A new SEC filing by GRIID, a Bitcoin mining and infrastructure company, has revealed some speccback whending thatications of the new miner.
An analysis done by Tom’s hardware showed that:
According to the listing, BMZ2’s performance weighs in at 135 TH/s with 26 J/THs of efficiency. Additionally, the miner is roughly half the value of a competing Bitmain S19 Pro at the same time being 15% more efficient, rivaling the best hardware on the market from competing companies.
This means that the Intel BMZ2 outperforms almost all other miners except for the S19j XP, that only wins “by a small margin.” Additionally, it’s 15% more efficient than other top systems, with “peak performance for the BMZ2 system [weighing] in at a competitive 135 TH/s. A bit of basic math reveals the system runs at approximately, 3510W.”
As shown in the atop graph, the BMZ2 models clearly outperform the prototype BMZ1 and are only second to the Bitmain Antminer S19j XP. Yet, when looking at bang for your buck, GRIDD says the new intel miner values about $5,625. Although GRIDD more than likely benefits from volume pricing, it’s likewise half the value of the $10,455 Bitmain S19J Pro.
A competitive edge
Besides being able to give a better price than most, with Intel being the world’s largest semiconductor manufacturer they don’t have to deal with price fluctuations like Bitmain, and other Bitcoin hardware providers. These companies generally adbarely prices based on Bitcoin’s spot dealing price and projected payoff time.
Intel, on the other hand, has a fixed pricing per unit which isn’t affected by Bitcoin prices and afterward it’s based in the U.S. it can sell miners to U.S. organizations at a much cheaper cost. This is due to the 25% taron the occasion thatfs which are placed on products which originate from China, and afterward it’s banned mining, Chinese companies will need to export.
These phenomena have put Intel in a very advantageous position afterward the ban now makes the U.S. one of the primary places to sell crypto miners. When looking at pricing, performance, and efficiency, Intel’s new BMZ2s’ could become the new top dog of crypto miners.
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