Hive, a Blockchain startup has contracted Intel for its Bonanza Mine chips

Intel’s blockchain bets are paying off, with the most recent design win coming from one of the world’s largest bitcoin mining operations. Hive, a blockchain startup, stated that it has contracted to buy Intel’s next-generation “BMZ2” Bonanza Mine ASICs. Hive said that the inclusion of Intel’s forthcoming CPUs would nearly quadruple its bitcoin mining power, increasing it from 1.9 to 3.8 exahashes per second (Eh/s). The chips will be used in Compute North LLC’s new 100 MW renewable-energy-focused installation in Texas.

The cryptocurrency mining equipment will be supplied over a year, beginning in the second part of the calendar year 2022, aligning perfectly with Intel’s ASIC delivery for GRIID, another of its Bonanza Mine clients. Both companies expect the Intel-supplied ASICs to outperform rival mining chip options in terms of performance and power efficiency. The impact of the deals on the firms’ bottom lines was not disclosed. Still, considering we’re looking at a nearly doubling (95 per cent) of HIVE’s potential hash power riding on Intel’s ASICs, this isn’t a little deal – and we’re open to some quick math.

Intel’s BMZ2 pricing has already been leaked, with each miner costing $5,625 and boasting a performance of 135 TH/s and an energy efficiency of 26 J/THs. The company is installing 14,000 thousand BMZ2 devices, according to HIVE’s expected hash power increase of 1.9 EH/s after the successful deployment of Intel’s miners.

BMZ2
Performance and efficiency comparison between different Bitcoin miner products shows that Intel entered the market with a strong product. (Image credit: Tom’s Hardware)

In terms of pure cash value, the Intel/HIVE transaction might be worth roughly $79 million in hardware costs alone. Despite the exorbitant price, Intel’s competitors are caught between a rock and a hard place: the firm is incredibly competitive in both efficiency and performance, and it undercuts its nearest competitor, Bitmain’s Antminer S19j XP, by about 50%.

In terms of pure cash value, the Intel/HIVE transaction might be worth roughly $79 million in hardware costs alone. Despite the exorbitant price, Intel’s competitors are caught between a rock and a hard place: the firm is incredibly competitive in both efficiency and performance, and it undercuts its nearest competitor, Bitmain’s Antminer S19j XP, by about 50%.

While Nvidia and AMD have been content to let their GPU solutions be freely utilised (AMD) or to convert existing products to cryptocurrency-mining-specific product lines (think Nvidia’s Cryptocurrency Mining Processors [CMP]). With its Bonanza Mine ASICs, Intel has become the first of the three companies to fully build a mining-oriented product.

Also Read:

New benchmark show’s Apple M1 Ultra wiping the floor with Intel’s Xeon-W chip in Mac Pro

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Intel’s Highly-Anticipated 18A Process Enters “Risk Production”; Foundry Division Geared Up To Make a Comeback

Intel’s 18A Chip: A Game-Changer in Risk Production

Intel’s 18A chip enters risk production, signaling a potential comeback in the semiconductor industry. Learn about its...
Intel’s Panther Lake CPUs: 2026 Launch Confirmed

Intel’s Panther Lake CPUs: 2026 Launch Confirmed

Intel’s Panther Lake “Core Ultra 300” CPUs set for 2026 launch. Discover the latest on Intel’s 18A...
Intel’s New Era: CEO Lip-Bu Tan Unveils Customer-Centric Vision at Intel Vision 2025

Intel’s New Era: CEO Lip-Bu Tan Unveils Customer-Centric Vision...

Intel’s New Era: The air crackled with anticipation as hundreds of partners and customers filled the conference...
Intel Meteor Lake Desktop Processor

Intel Meteor Lake Desktop Processor Spotted: 14 Cores, LGA...

Intel Meteor Lake Desktop Processor Spotted: Intel’s Meteor Lake processors have been making waves in the mobile...
Intel XeSS 2 SDK: The Future of AI-Powered Upscaling & Frame Generation in Gaming

Intel XeSS 2 SDK: The Future of AI-Powered Upscaling...

Intel XeSS 2 SDK: The gaming industry is undergoing a revolution, with AI-powered upscaling and frame generation...

LATEST NEWS

Blood Rain Bow in Assassin’s Creed Shadows: Complete Guide to Unlocking This Legendary Weapon

As players venture through the breathtaking landscapes of feudal Japan in Assassin’s Creed Shadows, the pursuit of legendary weapons becomes a compelling side journey...

Apple May Expand iPhone Production in Brazil: All We Know

Following sharp declines in Apple’s stock triggered by escalating US-China trade tensions, a report from Brazilian outlet Exame suggests Apple is considering shifting more...

Monster Hunter Wilds: Complete Guide to Unlocking the Zoh Shia Investigation (2025)

The vast wilderness of Monster Hunter Wilds harbors countless challenges for seasoned hunters, but few creatures elicit the same mixture of excitement and trepidation...

AMD Ryzen Z2 AI Extreme: A Game-Changing AI SoC to Rival Intel’s Lunar Lake

AMD Ryzen Z2 AI Extreme: The battle for handheld gaming dominance is heating up — and AMD is making its next move with a...

Featured