Intel's investment in Cryptocurrency but in different way

Now cryptocurrency has become a big topic in the world. Many big tech companies have invest in cryptocurrency,Web3.0,mining farms. Process creating new units of digital currency is crypto mining. Because of the high energy consumption crypto mining is a very expensive process. As a solution for this semiconductor giant Intel (INTC) is going to design world's first crypto-focused chip.

Cryptocurrency mining effect environment in very badly. Power-hungry for cryptocurrency mining rigs often get their energy from coal and natural gas plants that can harm the environment, and can also contribute to high electricity costs and blackouts. For this problem Intel designed a new chip to mine cryptocurrency focusing on sustainability, and developing the most energy-efficient computing technologies.

Intel’s first crypto-focused chip is named as “blockchain accelerator”. Two companies have already preordered this chip. Senior Vice President and General Manager of Intel's Accelerated Computing Systems and Graphics Group Raja M. Koduri said, “We expect that our circuit innovations will deliver a blockchain accelerator that has over 1000x better performance per watt than mainstream GPUs for SHA-256 based mining”. SHA-256 hashing algorithm used to generate Bitcoin and a number of other cryptocurrencies. Intel confirmed the chip will become available at the International Solid-State Circuits Conference, which starts on February 20th. 

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