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Market Analysis Report (22 Feb 2022)

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Market Analysis Report (22 Feb 2022) Blockchain CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Tech giant Intel has unveiled the technical specifications of its BonanzaAcc Mine bitcoin mining chip. The chip is fabricated in a 7nm process and bundled in lots of 300 to compose a full 3,600W bitcoin mining machine that can mine at 40 terahashes per second (TH/s).

Earlier this month Intel announced its Bitcoin silicon program, highlighting that various large customers secured their spot in the orders queue. These include Block, the financial services firm previously known as Square, Argo Blockchain, and GRIID.

Later this year Intel is set to launch the Bonanza Mine 2, which will see Intel leverage the innovations developed with the Bonanza Mine it shared at the ISSCC. Intel’s 3,600W bitcoin mining machines notably lag behind the hashrate quoted by leading miners on the market.

Bitmain’s Antminer S19 and S19 Pro deliver between 95 TH/s to 110 TH/s of hashrate, while MicroBT’s WhatsMiner M30S produce up to 112 TH/s. Intel advantage, which saw companies like Block and Argo order new chips, is reportedly associated with energy efficiency.

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