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   290

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.

Iceland Mining Farms Thief to be Caught in Amsterdam

Sindri Thor Stefansson,  suspected of stealing 600 mining computers, was detained in the evening of April 22 in the center of Amsterdam
24 April 2018   101

The Dutch police detained Icelander Sindri Thor Stefansson, suspected of stealing 600 computers used for mining crypto-currency. This is reported by the Iceland Monitor.

According to law enforcers, the suspect was detained in the evening of April 22 in the center of Amsterdam. The police refused to disclose details of the special operation. The prosecutor's office is working on his extradition to his homeland.

Sindri Thor Stefansson
Sindri Thor Stefansson

Since December 2017 in Iceland, a series of robberies occurred, which resulted in the abduction of about 600 farms for the mining of bitcoins and other crypto-currencies in the amount of almost $ 2 million. As part of the investigation of the incident, 11 people were arrested, including Stefansson.

In April, he managed to escape from prison to Sweden. He jumped thru the window and flew to Europe without any documents. Policemen believed that he had a person, who helped him. Another interesting fact is that this aeroplane reportedly carried the Icelandic prime minister.

Bitcoin mining farm heist was one of the biggest heist in modern history of Iceland.