Intel enters the bitcoin mining machine chip market: the mass production of mining machines may be realized in the middle of the year

Wu said that he learned from industry insiders that Intel's newly disclosed Bitcoin ASIC chip will use TSMC's 5nm chip, MPW has been completed, and samples will be delivered to customers one after another. Filming is expected to be released in February. As soon as June to July this year, major customers will complete and ship Bitcoin mining machines based on Intel's chips.

However, there is still a strong uncertainty in the above time. Industry insiders told Wu that the quality of Intel samples is more critical, and the current chip energy efficiency ratio should be around 35J/T (mining machine energy efficiency ratio should be increased by at least 10%). On the other hand, the size of Intel's investment at the corporate level will also determine whether this move can challenge the status of Bitmain and Whatsminer. It can be expected that Intel's chip shipments this year are not large, but if it goes well, it may pose a certain challenge to the current bitcoin mining machine chip pattern in 2023.

On January 18, a piece of news shook the Bitcoin mining industry. Intel's conference agenda revealed plans for a February 23 presentation in the "Highlights Chip Announcement" category to outline the new "Bonanza Mine" processor, dubbed an "ultra-low-voltage energy-efficient Bitcoin mining ASIC." Intel says it has been designing around SHA 256-optimized ASICs for years.



On January 19, TheBlock reported that Bitcoin mining company Griid quietly disclosed a major piece of information last month: On September 8, 2021, GRIID entered into a supply agreement ([Intel Supply Agreement"), pursuant to which , GRIID can buy BZM2 ASIC designed by Intel. In addition, under certain conditions, around May 2025, GRIID will have the right to purchase at least 25% of all eligible Intel-designed ASICs from Intel.

As early as September 2016, Intel submitted a patent application for a bitcoin mining chip, claiming that it can significantly reduce power consumption during mining. The patent describes it as "a system incorporating a specific chip and a bitcoin mining hardware accelerator" that includes a computation block and a message digest data link, possibly a second computation block.

Wu said that he learned from industry insiders that Intel's newly disclosed Bitcoin ASIC chip will use TSMC's 5nm chip. MPW has been completed, and samples will be delivered one after another. It is expected to be launched in February. The chip completes the Bitcoin mining machine and ships. As early as 2018-2019, Intel was entrusted by Softbank to jointly complete 8,000 TSMC 7nm mining machines. Because of the poor energy efficiency ratio, it did not ship in large quantities. At present, the ASIC project is under the responsibility of Raja Koduri, Intel senior vice president and head of the AXG department. He was promoted by the new CEO and has a higher voice within the company.

However, from a business perspective, it may not be a good time for Intel to join the fray at this time. According to industry insiders, 1.5-2 million bitcoin mining machines will be shipped this year, and domestic idle mining machines will continue to go overseas. In terms of Bitcoin price, the market is currently inclined to wait-and-see and slightly bearish due to the Fed's interest rate hike expectations.

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