HomeNewsHIVE Blockchain to purchase Intel ‘ASIC’ crypto mining chips

HIVE Blockchain to purchase Intel ‘ASIC’ crypto mining chips

- Advertisement -


Canada-based Bitcoin mining farm HIVE Blockchain is looking to expand its operations after signing a supply agreement with semiconductor giant Intel. The chipmaker will sell its latest “high performing ASIC chips” to HIVE blockchain, consequently raising its Bitcoin hash rate by over 95% from 1.9 Exahash per second.

Per the press release issued Monday, the mining farm has also onboarded an original design manufacturer (ODM) to integrate Intel’s chips with HIVE’s air-cooled Bitcoin mining system. The mining rigs will be delivered over a course of 12 months, starting from the second half of 2022.

Aydin Kilic President & COO of HIVE said in the announcement:

“Intel’s energy-efficient and high performance blockchain accelerator is expected to reduce our power consumption over current ASIC miners on the market. HIVE will participate in the system development process from design verification, through to the prototype stages, and then factory & test engineering regimens to arrive at a production model.”

Intel launched its first cryptocurrency mining chip last month, already signing supply contracts with Argo Blockchain, Block (formerly known as Square), and GRIID Infrastructure at the time.

The Nasdaq-listed mining firm has also entered into a non-binding Letter of Intent with Compute North, a crypto mining and infrastructure solutions provider. With the partnership, HIVE seeks to expand its operations in the United States by deploying 100 megawatts of energy-efficient miners at a Texas facility.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 17,020.93
ethereum
Ethereum (ETH) $ 1,263.59
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 111.51
litecoin
Litecoin (LTC) $ 80.61
eos
EOS (EOS) $ 0.931257
okb
OKB (OKB) $ 21.45
tezos
Tezos (XTZ) $ 1.02
leo-token
LEO Token (LEO) $ 3.88
cardano
Cardano (ADA) $ 0.31913
monero
Monero (XMR) $ 145.24
stellar
Stellar (XLM) $ 0.086003
chainlink
Chainlink (LINK) $ 7.28
huobi-token
Huobi (HT) $ 6.61
tron
TRON (TRX) $ 0.052912
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 46.74
neo
NEO (NEO) $ 6.97
iota
IOTA (MIOTA) $ 0.214441
nem
NEM (XEM) $ 0.032836
zcash
Zcash (ZEC) $ 46.26
maker
Maker (MKR) $ 636.88
paxos-standard
Pax Dollar (USDP) $ 0.999699
ethereum-classic
Ethereum Classic (ETC) $ 19.46
vechain
VeChain (VET) $ 0.019266
true-usd
TrueUSD (TUSD) $ 1.00
kucoin-shares
KuCoin (KCS) $ 6.57
waves
Waves (WAVES) $ 2.49