Subj : Intel dumps its Bitcoin mining Blockscale chips
To   : All
From : TechnologyDaily
Date : Wed Apr 19 2023 14:15:03

Intel dumps its Bitcoin mining Blockscale chips

Date:
Wed, 19 Apr 2023 13:00:12 +0000

Description:
Intel gave its Blockscale Bitcoin mining ASICs 12 months to live before 
announcing an end to the products.

FULL STORY
======================================================================

Intel has announced the closure of its Blockscale application-specific 
integrated circuits (ASICs) just one year after launch. 

When the company initially announced the launch of its Blockscale 1000 Series 
twelve months ago, it promised a commitment to advancing blockchain 
technology in which the Blockscale ASIC would help Bitcoin mining companies 
to achieve both sustainability and hash rate scaling objectives. 

Now, though, the 1160, 1140, and 1120 ASICs have been deprecated with no 
plans for a second-generation, leaving early investors having to find an 
alternative solution. Intel Blockscale ASICs discontinued 

More specifically, an Intel spokesperson told Toms Hardware : 

As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel 
Blockscale 1000 Series ASIC while we continue to support our Blockscale 
customers. 

Intels ASICs were designed with mining in mind, making them quicker and more 
effective than GPUs and CPUs. Read more 

 > These are the best small business servers around 


 > 2022 was the biggest year ever for crypto hacking 


 > The Web3 industry lost billions to crypto fraud last year 

Its unclear why exactly the chip maker decided to stop offering the year-old 
products, but some believe the poor performance of Bitcoin could be partly to 
blame, currently sitting at less than half of its 2021 peak. Increased 
operating costs are also to blame for the products end-of-life. 

More broadly, Intel has not been immune from the effects of a precarious 
economy, having announced a series of small-scale layoffs earlier this year. 
Like many other companies, it has also cut funding to numerous projects 
including an upcoming data center. 

Looking ahead, the companys commitment to IDM 2.0 operations is one that is 
cited frequently and clearly remains an active part of its goal. Intel also 
told Toms Hardware that it would continue to monitor market opportunities per 
Bitcoin ASIC operations, indicating that a complete exit from the sector is 
unlikely. Check out the best business laptops and best workstations



======================================================================
Link to news story:
https://www.techradar.com/news/intel-dumps-its-bitcoin-mining-blockscale-chips


--- Mystic BBS v1.12 A47 (Linux/64)
 * Origin: tqwNet Technology News (1337:1/100)

.