At the upcoming International Solid-State Circuits Conference of the IEEE, semiconductor giant Intel will introduce the Bonanza Mine chip, a central processing unit that promises energy efficiency at very low voltages without sacrificing cryptocurrency mining performance. The patent for this chip dates back to 2018, and it appears that Intel has been quite busy developing it.

Bonanza Mine is an application-specific integrated circuit (ASIC) that intends to alleviate various issues related to token mining. The most pressing issue is the high carbon footprint and energy consumption of this activity. Intel aims to solve this by providing low-power computing. It also promises to solve the cost problem that miners face and thus drive adoption. That’s because they will be able to mine coins without having to raise substantial capital.

The Intel Bonanza Mine is not the first ASIC chip to be unveiled at ISSCC. There are other chips out there, but the Bonanza Mine is the first ASIC chip that solves the problem of energy consumption. Thus, it is expected to find wide acceptance within the blockchain industry. he Bonanza Mine has the potential to be a major chip for mining and other crypto-related activities. It can operate at very low voltages and it will also utilize a novel, custom-designed, chip architecture. To this end, it can process as many as 6 tera-FLOPs. At the moment, even the fastest CPU chips in the world can only process 5-6 tera-FLOPs. This ASIC is expected to deliver 6 tera-FLOPs in the future. It can also mine up to 20 BTC within 5 years.

Bonanza Mine has a great potential to be a major chip for mining and other crypto-related activities. It can operate at very low voltages and it will also utilize a novel, custom-designed, chip architecture. To this end, it can process as many as 6 tera-FLOPs. At the moment, even the fastest CPU chips in the world can only process 5-6 tera-FLOPs.

Intel is poised to generate a major breakthrough in the market for cryptocurrency mining chips. The chip is made by Intel’s New Business Group, which offers custom chips to major corporations.