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Your email address will not be published. Required fields are marked Technology giant, Intel is interested in creating specialized hardware for Bitcoin Mining and has decided to name it “acceleration”.

They have issued a patent application on the hardware. The patent application was filed on September 23rd, 2016 and submitted on 29th March 2018.

The California based company is all set to reduce “the space utilized and power consumed by Bitcoin mining hardware.” Intel’s new technology could wrestle control from the hands of mining giants by making small time mining profitable. Bitcoin Mining is directly affected by the rise and drop of Bitcoin value in the cryptocurrency market but is greatly energy-efficient.

Randy Copeland, president of Velocity Micro, a Richmond, Virginia-based systems builder and Intel partner, says: “Once this new Intel technology comes to market, ultimately more people will mine again because it’s profitable again, driving down the market value of the coins, and finding a new market balance that will again put locations with lower electricity costs back at the advantage.” “But computer CPUs are not very useful for mining.” Mitch – CryptoChief, an Aussie Crypto investor says, “You do know they create quantum processors. Processors are mining equipment. Read more from ambcrypto.com…

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