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Intel unveils new Bitcoin mining chip and 3,600-watt mining rig

22 Feb 2022 : 13:29
2 min read
  • Intel Corporation has announced details of a new mining chip coupled with a powerful 3,600-watt mining rig
  • Intel said that its miner's underlying BMZ1 chips are the cleanest and most powerful on the market
  • The company already has orders from other companies that want to use the new BMZ1 and BMZ2 accelerators

Computer chip maker Intel Corporation has announced details of a new mining chip coupled with a powerful 3,600-watt mining rig.

Intel unveils 2nd-gen Bonanza Mine chip

Intel has unveiled its second-generation BTC mining system at IEEE International Solid-State Circuits Conference (ISSCC) 2022, an electronics and chip manufacturing conference. According to the company, Bonanza Mine (BMZ2) is an ultra-low voltage, energy-efficient Bitcoin mining ASIC capable of delivering 40 terahashes per second (TH /s).

While that’s not quite as powerful as the 198 TH /s achieved by Bitmain’s 5,445-watt liquid-cooled miner that launched this summer, Intel also said that its miner’s underlying BMZ1 chips are the cleanest and most powerful on the market. Intel’s next-generation BTC miner can deliver a balanced performance of 40.4 TH /s at a power consumption of 2,293W while consuming only 56.97 joules per terahash (J/ TH).

The mining setup is already receiving pre-orders

A recent S-4 filing by Ohio-based Bitcoin mining start-up Griid, which plans to go public via a $3.3 billion SPAC merger, indicates that the start-up has already signed a deal with Intel to place orders of the chip manufacturers BMZ2 chips this year,

Intel also has orders from other companies looking to use the new BMZ1 and BMZ2 accelerators from Argo Blockchain and Jack Dorsey’s Block (formerly Square). However, Intel has not yet announced an official launch date or technical requirements for the second-generation mining system.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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