Intel has announced a new bitcoin mining chip, the “Bonanza Mine.” The chip is designed for data centers and it promises to deliver high performance and low power consumption.
The Bonanza Mine is built on Intel’s 14nm technology and it uses the company’s latest generation of Xeon processors. It delivers up to 16 terahashes per second (TH/s) while consuming only 225 watts of power.
Intel is positioning the Bonanza Mine as a solution for large-scale data centers that want to get into bitcoin mining. The chip is said to be easy to use and it comes with a variety of management tools.
The launch of the Bonanza Mine coincides with a surge in interest in bitcoin mining. The price of bitcoin has been climbing steadily in recent months, and as a result, more and more people are looking to get into the mining business.
Intel’s announcement is good news for the bitcoin community. With more powerful mining chips available, it will be easier to mine coins and secure the network. This, in turn, will help to ensure the stability and security of the bitcoin ecosystem.
Intel has not announced the price of the Bonanza Mine, but it is likely to be expensive. Data center operators are likely to be the primary target market for this chip, and they are typically willing to pay a premium for high-performance hardware.
The Bonanza Mine is yet another sign that bitcoin is maturing as a technology. As more people get into mining, the network will become even more secure and robust. This is good news for everyone who uses bitcoin and it reinforces the belief that digital currencies are here to stay.***
Intel has detailed a new bitcoin mining chip it’s calling the ‘Bonanza Mine.’ The company says the chip is designed for use in data centers and can achieve up to 15 petahashes per second (PH/s) of performance, making it one of the most powerful miners on the market.
Bitcoin mining is a process of verifying and adding new transactions to the blockchain, or public ledger, of bitcoin transactions. Miners are rewarded with bitcoins for verifying and committing these transactions to the blockchain. As bitcoin’s popularity has grown, so too has the demand for powerful mining hardware.
The Bonanza Mine is based on Intel’s 14nm process technology and uses its newest generation of Xeon processors. It is designed for racks of servers and can be used to mine either bitcoin or litecoin.
Intel says it has already started shipping the chip to its partners and expects to see it in use in data centers in the coming months.
With this new chip, Intel is looking to capitalize on the growing interest in bitcoin and lite coin mining. The company says it plans to offer more products for miners in the future.
“Bitcoin and litecoin are gaining popularity as viable alternative currencies and we expect that demand for our mining hardware will grow alongside them,” said Diane Bryant, senior vice president and general manager of Intel’s Data Center Group. “We are committed to delivering industry-leading performance and this new mining chip is evidence of that.”
Intel is not the only company looking to capitalize on the growing interest in bitcoin and lite coin. AMD has also announced plans to release a new line of graphics cards specifically designed for mining. These cards are expected to be available in the second quarter of this year.