Intel has announced that they are launching a crypto mining chip called Blockscale. company has made a claim, that it is bringing such a chip into the market that will help in doing crypto mining 1000 times faster than other chips
A huge problem is faced while doing crypto mining and it is the consumption of electricity. Many countries have put on mining famous crypto like bitcoin because it consumes a lot of electricity.
This chip can be launched by the end of the year and Raja Koduri, senior vice president of Intel’s Accelerated Computing Systems and Graphics Group, told that Intel’s Custom Compute Group is working on blockchain development while doing crypto mining.
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