Intel Reveals 2nd Gen Bitcoin Mining Chip After Netting First Major Customer

Intel – a multinational chip manufacturer – recently unveiled its 2nd generation “Bonanza Mine” Bitcoin mining ASIC. It also ]offered details on its first-generation miner (BMZ1), a 3600W miner delivering 40 terahashes per second (TH/s).

Exploring Intel’s Mining Chips

The company unveiled its new processor at the 2022 International Solid-State Circuits Conference (ISSCC) on Sunday. As covered by Tom’s Hardware, the second 2nd generation chips (BMZ2) will be a derivative of the BMZ1 series.

They offered no details beyond that but gave a thorough breakdown of the first-generation chip’s design. They are a mere 7 x 7.55mm in size, 300 of which are used to power one of its BMZ1 systems at a time.

“Each chip die measures 4.14 x 3.42mm, for a total of 14.16mm^2 of silicon, so these are comparatively small slivers of silicon,” reports Tom’s Hardware. “The smaller die size improves yield and maximizes wafer area usage (up to 4,000 die per wafer), thus helping maximize production capacity”.

In terms of power, these miners fail to compete with Bitmain’s 198 TH/s hydro-powered ASIC, unveiled in January. On efficiency, the Bonanza miner consumes 56.97 joules per terahash (J/TH), producing 40.4 TH/s using 2,293W of power. Meanwhile, Bitmain’s Antminer S19j ASIC can produce 90 TH/s using 3100W at room temperature. That’s an efficiency of 34.5 J/TH.

However, Intel claims that these chips are the most powerful and clean on the market today. Apparently, they perform 1000X better at Bitcoin mining than a standard GPU.

No technical requirements or release dates have been announced for BMZ2.

Deals With Mining Companies

Before unveiling the new chip, Intel had already arranged several sales of its second-generation ASICs to various Bitcoin mining companies. The first of these was GRIID, a startup that is set to go public on the NYSE for $3.3 billion.

Another notable partner includes Jack Dorsey’s Block, which rebranded from “Square” in December to focus harder on Bitcoin. Block previously confirmed plans to build a Bitcoin mining system of its own – but one fit for at-home use. It is possible that the company will integrate Intel’s chips into these custom systems.

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Bitcoin’s hash rate has been trending at all-time highs as of late, reaching as high as 248.11 EH/s on February 13th.

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