Block Accelerator – The listed mining company Hive Blockchain is strengthening its industrial infrastructure for mining bitcoins and other cryptocurrencies with new ASIC chips presented as “ecologically more virtuous”.
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Twice the hashing power and less power consumption for bitcoin mining
Hive Blockchain has announced in a press release the conclusion of an agreement with the semiconductor manufacturer Intel, for buying new Bonanza Mine ASIC chips, which we were talking about recently. These will be integrated into the company’s new custom mining devices.
These devices, whose delivery is scheduled for the second half of 2022, are supposed to be almost double global hash rate of Hive, which would then go from 1.9 to 3.8 exahashes per second (Eh/s).
According to Intel’s patent, the Bonanza Mine chips would further reduce, 15% energy consumed by cryptocurrency mining.
Hive President and COO Aydin Kilic noted that the company is “committed to implementing these next-generation blockchain accelerators into its green energy infrastructure. »
Hive insists on the “green” character of its new mining devices, in a context marked by the desire of certain political leaders to ban the extraction of cryptocurrencies for environmental reasons.
The words of the company’s executive chairman, Frank Holmes, somehow echo those of Aydin Kilic, regarding this ecological axis of the mining infrastructure of cryptocurrencies from Hive:
“Intel’s willingness to challenge the status quo and its commitment to energy-efficient products aligns very well with our ESG and clean energy commitment”
Hive has mining centers in Canada, Iceland and Sweden. The company will soon operate a new location in Texas, its first in the United States.
Will the efforts of companies like Intel and Hive Blockchain to make cryptocurrency mining less energy-intensive end up being recognized by politicians? Bitcoin (BTC) and ether (ETH) mining have just escaped a ban in Europe. The sector must for the moment continue to fight to become legitimate and to be cleared of accusations of extremely polluting activities.
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