Intel claims sustainability for its custom chip that mines bitcoins faster than GPUs

Intel this week announced details of its new Blockscale ASIC chip designed specifically for more efficient blockchain computing than CPUs or GPUs. It first said it was making such a chip just two months ago.

Blockscale is specifically designed to process the Secure Hash Algorithm-256 (SHA-256), which is used by blockchain, and the performance is phenomenal, at least on paper. Blockscale has a hash rate operating speed of up to 580GH/s, or gigahashes per second.

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