Intel has a patent to accelerate bitcoin mining

An Intel- registered patent has shed some light on the company's idea of ​​introducing a technology to " improve " Bitcoin mining by hardware. The patent is called the Bitcoin Mining Hardware Accelerator which would help the mining of this coin.

'Bitcoin Mining Hardware Accelerator' promises to improve the mining of this cryptocurrency

Bitcoin Mining Hardware Accelerator was originally introduced in September 2016, so it's not exactly a novel idea. However, the fact that it has been published does not mean that there has been no behind-the-scenes work at Intel for the development of functional silicon with this technology.

In the presentation, it appears that Intel's intention is to create a chip that could augment the current mining process by increasing energy efficiency. As they say themselves, “Because the software and hardware used in Bitcoin mining uses brute force to repeatedly and infinitely perform SHA-256 functions, the Bitcoin mining process can be very energy intensive. The processes described here optimize Bitcoin's mining operations by reducing the space used and the energy consumed by Bitcoin's mining hardware. ”

The intention is to reduce energy consumption during the mining process by 35% with this patent, which would be added to ASICs, SoCs, CPUs, and FPGAs.

It is an interesting technology, and really necessary. The amount of energy cryptocurrency mining consumes is too high, and you should see a much-needed reduction in the future.

Source TuCriptomonedaTechpowerup