Intel Wins Patent For Energy-Efficient PoW Mining

- Advertisement -

November 30, 2018 6:46 PM

Intel says it can reduce energy consumption for bitcoin mining by “about 15 percent.”

On November 27, the United States Patent and Trademark Office awarded a patent to microprocessor producer Intel for a processor that can conduct “energy-efficient high performance bitcoin mining.”

Specifically targeting the SHA-256 algorithm used in bitcoin mining, the patent argues that the proposed processor solves the energy consumption problem presented by current mining machines’ reliance on hardware accelerators, such as application-specific integrated circuits (ASICs). ASICs typically process hash operations, such as the production and manipulation of nonces, in redundant multiple stages.

- Advertisement -

The patent claims that this redundancy could be curtailed through proper chip design. It explains:

“Dedicated Bitcoin mining ASICs are used to implement multiple SHA-256 engines that may deliver a performance of thousands of hashes per second while consuming power of greater than 200 W. Embodiments of the present disclosure employ micro-architectural optimizations including selective hardwiring certain parameters in Bitcoin mining computation. The hardwiring of these parameters eliminate the need for recursive rounds of computations of these parameters and reduce the overall circuit area and power consumption by about 15%.”

A nonce is a random number only used once and is a key component of cryptography. As successful hashes must meet certain requirements to be approved, and as the data to be encrypted cannot change, a new nonce must be produced per each attempt – hence, the repetition and the power drain.

The patent also suggests that by changing how the nonce and the final hash are compared for validity, power consumption can be further lowered. 

Frederick Reese is a politics and cryptocurrency reporter based in New York. He is also a former teacher, an early adopter of bitcoin and Litecoin, and an enthusiast of all things geeky and nerdy.

Like what you read? Follow us on X @Bitnewsbot to receive the latest PoW mining, proof of work mining or other Ethereum technology news.



Previous Articles:

- Advertisement -

Latest News

LSEG to launch Digital Securities Sandbox for tokenization

London Stock Exchange Group (LSEG) plans to launch a Digital Securities Sandbox (DSD) this...

Tesla China Sales Slide in Jan., Exports Jump 71%

Tesla's retail sales in China plunged to 18,485 vehicles in January, their lowest monthly...

Standard Chartered Sees Bitcoin Drop to $50K Before Rise

Standard Chartered forecasts Bitcoin will fall to $50,000 and Ethereum to $1,400 before eventually...

Russia Scraps Single BRICS Currency Plan for Summit

Russia has clarified that a BRICS common currency is not on the agenda for...

Schiff Predicts Bitcoin Support Near $10,000 in Swipe at Saylor

Gold proponent Peter Schiff critiqued Michael Saylor's debt-refinancing plan for buying more Bitcoin if...

Must Read

What is Moon Tropica (CAH) – Technology, Tokenomics, Game Preview

Gaming enthusiasts and crypto enthusiasts, hHave you heard about Moon Tropica? If you're longing for that nostalgic feel of classic games from your childhood...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!