New Intel Patent For Bitcoin Mining Makes For More Energy-Efficient Operations
Intel Gets Patent For Bitcoin Mining That Is Energy-Efficient
Intel, of the largest tech firms in the world, which manufacturers computer processors, has recently won a patent connected to its work with crypto mining.
The patent was an award given by the U. S. Patent and Trademark Office because the company was able to outline how to create a processor that would be able to conduct energy in a more efficient way and then improve the performance of Bitcoin mining around the world. The SHA-256 algorithm, which used by Bitcoin, is also used on this technology, which makes it more interesting for BTC miners specifically.
It was reported that Intel has previously sought patents related to crypto mining before and that the company has produced mining chips that will be used by 21 Inc in its mining operations. The company was acquired by Coinbase later and rebranded as Earn.com.
Intel has also started recently a partnership with Ledger to provide an innovative solution for digital currencies, but there is not a lot of information about this now.
The new patent states that Bitcoin miners generally need to use ASIC miners to mine Bitcoin better and they are very energy intensive, requiring a huge amount of energy by the user. The whole idea is about the optimization of this process so that does not get any slower but it can consume a lot less energy from the user. This way, miners would not be affected and their profits would even be increased.
According to the information on the patent that was recently received by the company, hardwiring the parameters of crypto mining would increase the efficiency of mining in at least 15%, which is a huge boost in how the miners are working now.
This could all be done with the creation of an ASIC-based SHA-256 engine that is smarter than the current ones and can consume a lot less power. Intel has a very specific interest in this area, which makes sense when you know that the company makes chips. The most resourceful a chip is, the better it will be for the user.
An Important Patent For Miners
In fact, not only the environment will be greatly beneficiated by the new patent granted to Intel. Miners can also get more profitable operations by using this hardware because it will be more efficient.
Suffice to remember that the crypto bear market is drawing many miners away from the business now, so it is a good idea to use a software that can potentially help to get more profits and stay afloat when so much that is happening in the market does not help to keep a mining operation profitable.
It is still too early to tell if this can have a lasting effect on the market but it is worth a try, right? In such a bad situation, miners need all the help they can get.