--- title: "Intel's Crypto Mining Accelerator is 1,000 Times faster than Rivals, Says Top Executive" description: "Intel, the world-renowned Chip making company has made a chip that is capable of Crypto mining 1,000 times fast than its rivals." author: "Sanjay Goenka" published: 2022-02-15 canonical: https://www.mindstick.com/news/1410/intel-s-crypto-mining-accelerator-is-1-000-times-faster-than-rivals-says-top-executive category: "cryptocurrency" tags: ["technology", "technology news", "cryptocurrency", "crypto", "crypto-mining"] reading_time: 3 minutes --- # Intel's Crypto Mining Accelerator is 1,000 Times faster than Rivals, Says Top Executive > **Intel’s Crypto Mining accelerator is 1,000 times faster than Rivals, claims top executive.** The new Intel accelerator will be available for users later in 2022. The company has revealed the shipment of the accelerator in 2022. ### Highlighted Facts - Intel’s New Chip will be provided first to Jack Dorsey’s square. - The Company Intel is the second-largest semiconductor chip maker company. - Intel used to say its Chips are Energy Efficient accelerators. #### Read More: [Cryptocurrency Ban 'Difficult To Implement' says Ashima Goyal Of India's Monetary Policy Committee](https://www.mindstick.com/news/1195/cryptocurrency-ban-difficult-to-implement-says-ashima-goyal-of-india-s-monetary-policy-committee) The giant chip-making company Intel is now investing in [Blockchain technology](https://www.mindstick.com/services/blockchain-technology) with the use of new technology that will be used to mine cryptocurrency. The main objective of the company is [sustainability](https://www.mindstick.com/blog/114579/sustainability-is-survivability) with plans to “develop the most energy-efficient computing technologies at scale,” the information regarding the plan was revealed by the **senior [vice president](https://answers.mindstick.com/qa/35925/this-president-was-a-congressman-senator-governor-and-vice-president-before-he-became-president) Raja koduri** of Intel’s Accelerated Computing system and graphics group. Including the above information, Koduri also revealed that Intel’s new mining chips will be available later in 2022 with **US electric power company GRIID [infrastructure](https://www.mindstick.com/news/2313/a-cybersecurity-and-infrastructure-security-agency-will-monitor-the-us-midterm-elections)**, **crypto Argo Blockchain**, and **Jack Dorsey Block** will be the first client of the new Intel’s Chip. Koduri said in a [press release](https://www.mindstick.com/blog/304188/how-to-write-the-best-press-release) that Intel’s new custom compute group will “[contribute to the development](https://www.mindstick.com/forum/160780/how-does-transfer-learning-contribute-to-the-development-and-efficiency-of-generative-ai-models) of Blockchain technologies with a roadmap of the **energy-efficient accelerator.”** He also reveals about crypto mining and Blockchain “require an enormous amount of computing power, which unfortunately translates to an immense amount of energy.” Therefore, the chipmaker also trying to make the chip technology which will be less consumable computing power to [tackle the issue](https://yourviews.mindstick.com/story/2359/tackle-the-issue-of-drying-up-clothes-during-mansoon-season-with-these-steps). #### He added “Our customers are asking for scalable and sustainable solutions, which is why we are focusing our efforts on realizing the full potential of Blockchain by developing the most energy-efficient computing technologies at scale.” These newly specialized chips made to handle the specific workload of crypto mining, have included application-specific integrated circuits (ASICs). As per the information leaked last week that the chip will be manufactured under the code name “Bonanza”. The Company Intel has confirmed now that these chips will be available later this year 2022. The research of multiple years over the cryptography and hashing technology, Intel has come to a point of confidant that this new ultra-low-voltage crypto mining ASICs will be able to provide enough speed 1,000 times [better performance](https://www.mindstick.com/forum/158684/how-can-you-optimize-a-responsive-webpage-for-better-performance-on-various-devices) than mainstream GPUs for SHA -256 based mining.” #### Read More: [Cryptocurrency Fraud Worth Of Rs. 2 Crore In Bengaluru, Police Initiates Inquiry: Report](https://www.mindstick.com/news/1269/cryptocurrency-fraud-worth-of-rs-2-crore-in-bengaluru-police-initiates-inquiry-report) --- Original Source: https://www.mindstick.com/news/1410/intel-s-crypto-mining-accelerator-is-1-000-times-faster-than-rivals-says-top-executive Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.