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  • Matthew Spencer - Tech Journalist

Intel’s blockchain and new custom compute setup may help miners with a dedicated chip

This might be one of the most exciting news this month for dedicated graphics chip users, manufacturers and people who fall in-between. For a long time, the largest graphics chip vendors, Nvidia and AMD, have been trying to limit crypto miner capability with their consumer-grade products. But those are limitations set by software, and miners bypassed that action.

This time around, the American multinational corporation, Intel's technology company, is hoping to shine some light on the scarce chip market. The company is a promising dedicated processor for efficient mining, without the backlog of graphics memory looked every nook and corner by general consumers.

In the official statement, Intel’s seniro VP Raja M. Koduri talked about how they are planning to bring a new product into the market. Many newsletters said the report is another post by the marketing department as it talked about “Moore’s Law,” “content consumption,” etc.

The energy-efficient accelerator for cryptocurrency miners will not have graphics memory, so there is no headache towards the extra resource. Another point to be made is the Argo Blockchain, BLOCK (Square), and GRIID infrastructure. Miners facilitating these options will have the early benefit of acquiring full power of efficient chips.

The crypto market is a roller coaster ride, and miners hoard graphics chips like crazy. The general consumer market, such as the 3D art industry, rendering or video producers, gamers, and other individuals who benefit from high-performance computing, lacks products in the market—making the scene even go crazier with manufacturing capping mining abilities miners finding a way around.

Konduri’s letter also talked about blockchain and metaverse, which seems like a buzzword promoting the post, but if we wrap our head around it, the innovative tech might be just what we need. International Solid-State Circuits Conference (ISSCC) is an event where such technologies are given a detailed view in front of an audience. It is when we expect the details of the chip will also unveil. The commitment is high, and people want a game-changer today as the supply chain of graphics chips is growing terribly.

Raja said, “This architecture is implemented on a tiny piece of silicon so that it has minimal impact on the supply of current products.” In other words, today’s supply chain has several reasons they are extra demand among miners for specific computing powers, shortage of manufacturing materials, and on the other side, demand for general consumers.

To tackle all that, Intel planned to use a minimum amount of silicon without graphics processors. As a result, the chips will be more affordable for miners and have no point in hoarding consumer-grade computing products. The market may get a breath of fresh air with supplies.

Boosting mining activity with scalped graphics chips raised prices globally. Students, researchers and other typical users find it hard to grab the latest generation graphics processor, and the older model doubled or even tripled in price. From the manufacturer side of things, prices remain stable, but due to the massive demand in supply, the air is full of frustration. Every major social media, news outlet, and another form of interactive public gathering is running with blockchain or Web 3.0 buzzwords. Intel seems to be on the right track to market a product helping these causes. Cashing in the opportunity provided by the blockchain seems like a brilliant move.

Here, you can find the official letter by Intel’s Senior Vice President and General Manager of Accelerated Computing Systems and Graphics Group, Raja M. Koduri.

Intel’s lab is the spectator of decades of research in computing, cryptography, hashing techniques and ultra-low voltage circuits. “The blockchain accelerators may have over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining.” Blockchain and cryptography space, no matter how fascinating it is, affecting the broad marketable products consumed heavily by general consumers needed a change, and Intel seems to be on the right track to make it a reality.


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