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.