The upcoming Bitcoin miner produced by Intel is rated the second best in the world by the SEC.
The presentation was conducted by Griid, a company operating in the bitcoin mining space, which ranked the Intel machine as the second most efficient and therefore second most profitable.
As a result, investors in the cryptocurrency market have increased their expectations for the arrival of the machine, and they must now closely follow the company in order to wait for the official release. It is worth remembering that Intel's mining company is considered to be the second generation, Bonanza Miner 2, also known as BMZ2.
Recently, the first images of Intel's Bitcoin miner came to light, showing that the company has assembled the machine and it is unclear what stage of development it is in.
Intel Bitcoin miners are considered to be the second most efficient
Efficiency is a key word in Bitcoin mining, indicating that a machine is capable of producing good computing power at a low energy cost. This is crucial to get effective block rewards from the Bitcoin network as a miner.
To join the competition, Intel has made it clear that it will enter the market, but Griid's recently released documents suggest that the big company is arriving to compete for the top job. This is because, according to Coindesk, the new machine will have an energy efficiency of 26 joules per terahertz (J/TH) at 135 terahertz per second (TH/s).
This makes this new machine superior to the Bitmain S19 Pro, which has a hash rate of 198 TH/s and an efficiency of 27.5 J/TH. However, the best miner is still Bitmain's Antminer S19j XP, which operates at 140 TH/s and consumes 21 J/TH.
In other words, Intel machines will soon be vying for the top spot, but industry analysts still question whether there will be more than one machine model available for sale in the market to serve different types of customers.
Compared to the S19 Pro, Intel's machine will cost even 15% less and guarantee a 130% increase in gross profit. Griid and Argo Blockchain companies are expected to receive part of the production machines.
Another buyer of these machines will be Block (formerly Square), a company owned by Twitter founder Jack Dorsey, who has made it clear that he is working toward an affordable and energy-efficient form of mining.
2/Mining needs to be more efficient. Driving clean and efficient energy use is important to the economics, impact, and scalability of Bitcoin. Energy is a system-level problem that requires innovation in chips, software, and integration. What are the biggest opportunities here?– Jack ⚡️ (@jack) October 15, 2021