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    Green Mining Company HIVE Secures Deal To Buy A Number Of Intel’s New ASICs


    The ESG-focused mining firm HIVE is the most recent group to signal a take care of Intel. It joins Block, Argo Blockchain, and GRIID, as the primary purchasers and testers of the enormous’s new ASICs. Intel’s Bonanza Mine undertaking is rapidly turning into one among bitcoin’s tales of the yr. It’s humorous that, to this point, nobody has seen the gear. The concept of a bitcoin miner made within the US is interesting. Plus, the undertaking’s rollout has been masterful to this point. 

    The headline right here is that “HIVE owns state-of-the-art, inexperienced energy-powered information centre amenities in Canada, Sweden, and Iceland, the place we supply solely inexperienced power to mine.” In a recent press release, the corporate introduced the Intel deal and its intention to develop into the US. “The Firm is planning for a 100 MW deployment at one among Compute North’s renewable power campuses in Texas.” 

    HIVE self-proclaimed itself “the primary cryptocurrency mining firm with a inexperienced power and ESG technique”. The corporate’s different vital attribute is that they’re holders. “Because the starting of 2021, HIVE has held in safe storage the vast majority of its ETH and BTC coin mining rewards.” That goes according to new information that exhibits that miners are quietly accumulating bitcoin as the market bleeds.

    BTCUSD price chart for 03/08/2022 - TradingView

    BTC worth chart for 03/08/2022 on | Supply: BTC/USD on

    What Do We Know About HIVE ‘s Deal With Intel?

    Not a lot, actually. “HIVE has entered right into a Provide Settlement with Intel which is likely one of the world’s largest semiconductor producers, for his or her upcoming blockchain accelerator.” Discover how HIVE calls the ASICs “blockchain accelerators,” simply as Intel did in the company’s blog. Will the identify catch on?

    The press launch doesn’t specify what number of bitcoin miners will HIVE purchase, however, it offers some related information: 

    “These miners are anticipated to be delivered over a interval of 1 yr beginning within the second half of calendar 2022, the impact of which, if they’re all put in, can be an anticipated improve of as much as 95% in our combination Bitcoin mining hashrate from 1.9 Exahash per second.”

    It additionally quotes HIVE ‘s president, Aydin Kilic, who concerning the deal stated:

    “After months of cautious planning, we’re very excited to take this step ahead with a world know-how chief like Intel. HIVE is dedicated to implementing these next-generation blockchain accelerators in its inexperienced power infrastructure.”

    The ESG facet of the entire endeavor is one other vital level right here.

    Bitcoin Retains Going Greener And Greener

    Just lately, GRIID’s filling with the SEC revealed a number of traits of Intel’s new bitcoin miners. As at all times, NewsBTC lined the information and obtained you the 411:

    “When the world first heard about Intel’s ASIC ambitions, the corporate cleverly described the machines as “ultra-low-voltage energy-efficient.” How environment friendly will they really be? Tom’s {hardware} solutions:

    “In accordance with the itemizing, BMZ2’s efficiency weighs in at 135 TH/s with 26 J/THs of effectivity. Moreover, the miner is roughly half the price of a competing Bitmain S19 Professional whereas being 15% extra environment friendly, rivaling one of the best {hardware} in the marketplace from competing firms.”

    Would 15% actually make that a lot of a distinction? If it might probably rival the S19 Professional, it will. And Intel wouldn’t make this a lot noise in the event that they didn’t have a winner of their palms, would they? Possibly HIVE ‘s president, Aydin Kilic, can shed some mild on that:

    “Intel’s energy-efficient and excessive efficiency blockchain accelerator is anticipated to cut back our energy consumption over present ASIC miners in the marketplace. HIVE will take part within the system growth course of from design verification, via to the prototype phases, after which manufacturing unit & take a look at engineering regimens to reach at a manufacturing mannequin; we’re well-positioned and excited to undertake the method forward.”

    That’s proper, the primary few purchasers will assist with the testing and growth of Intel’s ultimate product. That makes all of the sense on the earth. Let’s want them luck, as a result of the bitcoin ecosystem wants extra decentralization. An ASIC miner made within the US will surely assist break Bitmain’s quasi-monopoly.

    Featured Picture: HIVE's emblem, screenshot from this video | Charts by TradingView

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