Intel to Patent a BTC Mining Hardware 'Accelerator'

Thanks to the "accelerator", Intel engineers plan to reduce power consumption by 35% compared to traditional processors.
30 March 2018   1070

Technology giant Intel is working on a hardware "accelerator" for mining, which will reduce energy costs in the production of bitcoin and other crypto-currencies. This is stated in the relevant patent application, the day before it was published by the US Patent and Trademark Office. This is reported by Coinndesk.

A document called "Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath" describes a method for optimizing an existing mining process.

Because the software and hardware utilized in Bitcoin mining uses brute force to repeatedly and endlessly perform SHA-256 functions, the process of Bitcoin mining can be very power-intensive and utilize large amounts of hardware space. The embodiments described herein optimize Bitcoin mining operations by reducing the space utilized and power consumed by Bitcoin mining hardware.

Intel Patent Filing

 Thanks to the "accelerator", Intel engineers plan to reduce power consumption by 35% compared to traditional processors.

In addition, it is noted that the invention is not limited to the functionality of specialized integrated circuits (ASICs). In other words, the "accelerator" can be used in a number of different mining systems.

Chinese School Principals to Mine ETH At Work

School from Hunan Province suffered losses in the amount of $ 2,163
09 November 2018   122

The director and the head teacher of the Chinese school from Hunan Province - Lei Hua and Won Tsipen - installed nine mining devices for Ethereum worth $ 7,000 right in the building of the educational institution. Because of this, for several months the school suffered losses in the amount of $ 2,163, reports CoinDesk.

Initially, Lei Hua installed the devices at home, but due to high electricity costs, he decided to move the mining farm to a school, where he carried out the theft of electricity.

Because of the secret mining from July to November, electricity consumption at school has almost doubled, and the speed of the IT network has also decreased. The school’s leadership initially suggested that this was due to the excessive use of air conditioners, but an investigation revealed that the cause was illegal mining.

The director, convicted of stealing electricity, was dismissed from his post and removed from his post in the Communist Party, while his assistant was reprimanded.