Cryptocurrency mining has long been a hot topic because of its huge power consumption and impact on global warming. However, recent developments suggest a solution is near. Intel advances crypto mining with a new patent aimed at making the process more energy efficient. The American tech giant recently filed for this patent to reduce energy use in crypto mining.

The US Patent and Trademark Office (USPTO) published the filing. Intel’s patent “specifically seeks to establish energy-efficient high-performance Bitcoin mining.”

The company plans to develop technology and hardware that will give miners an edge while using less energy. The patent mentions a “hardware accelerator implementing SHA-256 hash using optimized data paths.” Its goal is to reduce total energy consumption by up to 15 percent.

The filing states: “clusters of SHA engines may consume a lot of power (e.g., more than 200W).” It also describes “energy-efficient ASIC-based SHA engines that consume less power for Bitcoin mining operations.”

Intel’s Strategic Move into Efficient Bitcoin Mining

This will not be Intel’s first entry into Bitcoin mining. The company filed a patent back in March. Its aim was to “reduce the amount of energy consumption per hash and maximize performance per watt.” This focus on lowering energy use shows Intel wants to improve the efficiency of most hardware used in crypto mining.

While this goal may seem altruistic, there is also a profit motive. If Intel cracks the efficiency code, it will gain an edge over competitors. This would also reduce mining costs significantly.

Bitcoin’s bearish run saw its price fall from about $6,300 to $3,456. Many miners sold their hardware at a loss. Despite the falling valuation and hash rate, crypto analysts noted that miners are shifting to more profitable currencies rather than leaving the industry.

Intel’s decision to enter the crypto market at its lowest point shows the company’s commitment to the industry for the long term.

In conclusion

Intel has filed for a patent that could make Bitcoin mining green. Intel advances crypto mining by developing technology and hardware designed to ensure coins are mined in a more energy-efficient way. According to the Patent and Trademark Office of the United States, this move aims to reduce the environmental impact of mining while improving performance.

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