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Intel introduces 2nd-generation Bonanza Mine chip for Bitcoin mining efficiency

3 min reading

In a regulated ecosystem, Intel's new chips are backed by an elevated miner that can provide up to 40 TH/s.

Intel Corporation, a computer chip manufacturing company, has revealed information about a new mining chip that will be paired with a high-performance 3,600-watt miner, with the primary objective of boosting Bitcoin (BTC) mining productivity.

Throughout the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a meeting focused on the electronics and chip manufacturing industries, Intel showcased its second-generation BTC mining setup.

Bonanza Mine (BMZ2), according to the business, is an ultra-low-voltage power Bitcoin mining ASIC capable of 40 terahashes per second (TH/s).

Intel's patent for "high-performance Bitcoin mining," as reported earlier, was issued in November 2018 and predicted a 15% reduction in total energy usage. At the time, Intel personnel expressed optimism in contending against major companies such as Bitmain, MicroBT, and Nvidia:

“Intel has done design work around SHA 256 optimized ASICs for several years beginning with pathfinding work done in Intel Labs.”

The BMZ2 chips are supposed to adopt a structure similar to its predecessor, the BMZ1, in which over 300 chips, powered by a 3,600W miner, collaborate to provide up to 40 TH/s in a balanced environment.

Intel's next-generation BTC miner will be able to produce a balanced performance of 40.4 TH/s while requiring 2,293W of power, resulting in low energy consumption of 56.97 J/TH.

In comparison to Bitmain's technology, the Antminer S19j ASIC Bitcoin miner consumes 3,100W to generate up to 90 TH/s at room temp, leading to a 34.5 J/TH performance.

Moreover, the hardware will be able to perform in high-performance and power-saving modes to maximize the energy-cost ratio across a range of mining capabilities.

Intel has still to declare an official release date, and also the technical specifications of the second-generation mining equipment.

The Bitcoin network mining difficulty continues to rise, indicating a clear sign of increasing resistance to network attacks.

On Feb. 13, Bitcoin had a hash rate of 248.11 exahashes per second (EH/s), up 31.69 % from 188.40 EH/s in only one day.

As the hash rate increases, BTC mining equipment must adapt to give greater results while utilizing the same amount of energy.

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