[2018-12-02]Intel’s New Patent Could Make Bitcoin Mining More Energy Efficient

[Vladdirescu87]

Swathes of crypto mining ventures are currently failing in the business, largely because of expensive energy costs and the increasing hardship of mining, which contributes to an unprofitable system. The output result of mining isn’t worth the exertion. But Intel believes it can contend high power usage with its new patent.

The chip manufacturer successfully filed a patent this week for a processor which claims to provide high-performance Bitcoin (BTC) mining, in a power-efficient package. The processor is explicitly designed to mine cryptos built on the SHA-256 algorithm, such as BTC.

Read more: https://coinidol.com/intels-new-patent-could-make-bitcoin-mining/

[odolvlobo]

The article was written by somebody that has limited knowledge about Bitcoin mining. The author doesn't seem to understand that there is no overall benefit to efficiency. Because of the economics of mining, more efficient mining only increases the difficulty and the benefit of the efficiency is neutralized.