Intel Files Patent For Bitcoin Mining Hardware Accelerator

Intel Files Patent For Bitcoin Mining Hardware Accelerator  The US Tech company Intel has recently filed a patent for a Bitcoin mining hardware accelerator that reduces the amount of electricity used in crypto mining. According to the US patent and trademark office, the patent application was released on March 29. Intel state that the reduction of electricity used by crypto mining can be accomplished by “optimizing the critical path in the population intensive message digest and schedule datapath”. This results in extra time that can reduce the scale of supply voltage to create a 35% power improvement. Intel currently refers to the mining of Bitcoin as “the most popular type of digital currency used in the digital ecosystem”. It requires an immense amount of electricity to solve algorithms for mining of the coin. Some have referred to Bitcoin mining energy as an “environmental hazard” while other the side argues that the possibility leftover electricity as well as renewable energy doesn’t make mining an environmental issue. The patent application states that the immense amount of power utilized, and the high cost of that power makes mining Bitcoin a very costly endeavor. It can sometimes cost more to mine Bitcoin than the actual value of Bitcoin itself. Mine This negative mining cost ratio generally occurs during market dips as pointed out by Fundstrat’s Tom Lee and report earlier this month. Intel’s patent application is not its first dive into the crypto sphere. Intel partnered with a healthcare transaction service provider, PokitDok in order to utilize blockchain technology within the healthcare industry, back in May of last year. In September 2017, Intel announced a collaboration with the Chinese technology firm Tencent regarding Blockchain solutions as well as partnering up with the firm Ledger in order to utilize their blockchain platform restoring crypto.

The US Tech company Intel has recently filed a patent for a Bitcoin mining hardware accelerator that reduces the amount of electricity used in crypto mining. According to the US patent and trademark office, the patent application was released on March 29.

Intel state that the reduction of electricity used by crypto mining can be accomplished by “optimizing the critical path in the population intensive message digest and schedule datapath”. This results in extra time that can reduce the scale of supply voltage to create a 35% power improvement.

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Intel currently refers to the mining of Bitcoin as “the most popular type of digital currency used in the digital ecosystem”. It requires an immense amount of electricity to solve algorithms for mining of the coin. Some have referred to Bitcoin mining energy as an “environmental hazard” while other the side argues that the possibility leftover electricity as well as renewable energy doesn’t make mining an environmental issue.

The patent application states that the immense amount of power utilized, and the high cost of that power makes mining Bitcoin a very costly endeavor. It can sometimes cost more to mine Bitcoin than the actual value of Bitcoin itself. Mine

This negative mining cost ratio generally occurs during market dips as pointed out by Fundstrat’s Tom Lee and report earlier this month.

Intel’s patent application is not its first dive into the crypto sphere. Intel partnered with a healthcare transaction service provider, PokitDok in order to utilize blockchain technology within the healthcare industry, back in May of last year.

In September 2017, Intel announced a collaboration with the Chinese technology firm Tencent regarding Blockchain solutions as well as partnering up with the firm Ledger in order to utilize their blockchain platform restoring crypto.

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