Intel is ending production of its Blockscale 1000 Series ASIC chips used for Bitcoin mining, according to a company representative. Orders will stop on October 20, 2023.
Intel discontinues its dedicated chip family for bitcoin mining
Blocksale chips from Intel, used for Bitcoin mining, are no longer being produced, the company announced.
Bitcoin mining and the end of Blocksale chip production by Intel
Big tech Intel is apparently halting manufacture of its line of chips intended for Bitcoin mining, according to reporting by CoinDesk.
These so-called Intel Blockscale 1000 Series ASIC chips are reportedly close to being phased out of production.
And indeed, a representative at Intel said the following:
“While we continue to support our Blockscale customers, we have end-of-lifed the Intel Blockscale 1000 Series ASIC [application specific integrated circuit] as we prioritize our investments in IDM 2.0.”
However, Bitmain and MicroBT had a near-duopoly on the market for specialized Bitcoin mining processors before Intel’s chips arrived.
However, the business stated that it will keep an eye on market potential and may even introduce a new design.
Blocksale chip orders for bitcoin mining will stop on October 20, 2023.
According to the statements, Intel appears to be aware of the Blocksale chips’ expiration date.
In reality, the representative stated that no new orders will be taken after October 20, 2023 in this regard. In addition, the final product will be delivered by April 20, 2024.
Given these dates, it can be said that Intel’s blocksales will only be viable for around a year and a half. In fact, Intel’s latest BTC mining ASIC was announced in April 2022.
The firm itself promoted Intel’s trademark processors as an ultra-low voltage and high energy efficiency tool, and they had already received good marks from other market leaders. For instance, Hive Blockchain Technologies, a bitcoin mining company, stated that Blocksale may boost its hashrate by up to 95%.
The US Congress is considering a new law
The US Congress put out a new law last month that would support Bitcoin mining. According to that plan, Proof-of-Work (PoW) would aid in achieving the nation’s economic aims and energy objectives.
An awakening to the importance of BTC mining, especially in terms of energy usage and environmental sustainability.
Instead, Pete Sessions supported mining BTC and all PoW cryptocurrencies as a fundamental process that keeps a blockchain network reliable, transparent, and decentralized.
Concerns about energy use, according to Sessions, are unfounded because it is transparent and provable. In actuality, the practice uses 0.14% of the world’s energy supply, as stated in Sessions’ resolution.
Additionally, because Bitcoin mining may make use of excess supply, it would increase the overall economic viability of renewable energy projects.
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