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   1785

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.

Northern Bitcoin to Purchase 5000 Mining Devices

According to company's CEO, new devices from Bitmain and Canaan Creative will help company to expand it's business
02 July 2019   209

The German company Northern Bitcoin intends to double its computing power and acquire about five thousand new devices from the largest manufacturers of miners Bitmain and Canaan Creative. As stated in Northern Bitcoin, this will help expand the company's business.

The acquisition of the sought-after hardware is a great success for our company. With the doubling of our mining equipment just a few days after the start of our global scaling, we are setting the pace with which we aim to take a leading position in the fast-growing blockchain industry in the coming years.

Moritz F. Jäger 
CTO, Northern Bitcoin AG

 Northern Bitcoin is registered in Frankfurt am Main, and also has areas in Norway. In which countries the company intends to develop its business in the future, is not reported.