Intel’s New Patent Could Make Bitcoin Mining More Energy Efficient
Swathes of crypto mining ventures are currently failing in the business, largely because of expensive energy costs and the increasing hardship of mining, which contributes to an unprofitable system. The output result of mining isn’t worth the exertion. But Intel believes it can contend high power usage with its new patent.
The chip manufacturer successfully filed a patent this week for a processor which claims to provide high-performance Bitcoin (BTC) mining, in a power-efficient package. The processor is explicitly designed to mine cryptos built on the SHA-256 algorithm, such as BTC.