Energy-Efficient Bitcoin Mining Patent Win By Intel
Global tech giant Intel, familiar for its widely-used pc processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark office awarded the company a patent outlining a processor that claims to be ready to conduct “energy-efficient high performance bitcoin mining,” specifically naming the SHA-256 algorithmic program used by the world’s largest cryptocurrency by market cap. As reported, Intel has antecedently sought patents related to its work in the area of crypto mining. And it had been Intel’s foundry that produced the chips for the mining operation run by 21 inc, which later rebranded as Earn.com and was ultimately acquired by Coinbase. Per the patent, bitcoin miners could also be rewarded for their efforts by receiving a block reward and transaction fees. However, mining machines for the bitcoin network usually need hardware accelerators, like application-specific integrated circuits (ASICs), and thus need...