The Bitcoin company is increasing to Lone-Star State with new custom-built “greener” mining devices which will be powered by Intel Bonanza Mine chips.
Publicly listed crypto company HIVE Blockchain Technology has signed a deal to shop for ASIC chips from semiconductor manufacturer Intel which will be employed in their new custom mining devices.
HIVE organized for the new devices to be created by a third-party custom style manufacturer which will integrate the Intel chips into new cool Bitcoin (BTC) mining devices.
HIVE expects that the new devices can nearly double its combination Bitcoin mining hash rate from one.9 to 3.8 Exahashes per second (Eh/s). they're going to begin inbound prepared to be used beginning within the second half of 2022.
Intel declared in its patent for the chips referred to as Bonanza Mine that the chips would conjointly scale back the ability consumption of mining operations by 15 august 1945. The reduction in power usage might permit HIVE to use a lot of devices, serving to it increase its hash rate contribution even a lot of.
Aydin Kilic president and chief in operation officer of HIVE steered that the new devices would be necessary within the future growth of the corporate and its hash rate contributions to the network. He same that the corporate is committed to “implementing these next-generation blockchain accelerators in (HIVE’s) inexperienced energy infrastructure.” government chairman of HIVE Frank Holmes added:
“Intel’s commitment to challenging the status quo and commitment to energy-efficient products align very well with our ESG and clean energy commitment.”
Currently, New York state and several countries round the world ar considering ban Bitcoin mining within the name of preservation of the surroundings and also the power provide. HIVE may be protected against such complaints relating to its new TX location by employing a facility hopped-up by renewable energy owned by digital infrastructure firm compute North.
HIVE presently has mining operations in Canada, Iceland and Sverige wherever it mines BTC, Ether (ETH) and Ethereum Classic (ETC). The Texas operation are it‘block
( Brian Newar, Cointelegraph, 2022 )