A US Securities and Exchanges Commission (SEC) filing by GRIID – an American infrastructure company that owns and operates a number of Bitcoin (BTC) mining facilities and one of Intel‘s first recipients of its upcoming “Bonanza Mine” chips – has claimed that the upcoming Bitcoin miners offer considerable efficiency, rivaling the current market leaders.
Track live crypto price of 10000+ coins!
Intel’s second-generation Bonanza Mine (BMZ2) Bitcoin miners are slated to reach 135 terahash/second (TH/s) with an efficiency of 26 joules/terahash (J/TH). In comparison, the Antminer S19 Pro mining rig, a rival miner, brings 110 TH/s at an efficiency of 30 J/TH.
Given that Intel’s miner will come 50% cheaper than rival S19 Pro rig while being 15% more efficient, it would improve gross profits by 130%, GRIID claimed in the investor presentation.
Notably, the filing did not specify the name of Intel’s hardware. However, the details align with GRIID’s prior supply agreement disclosures with Intel, implying that the mining rig in question is Intel’s second-gen Bonanza Mine (BMZ2) Bitcoin miner.
The new miner is also more efficient compared to other models present in the market. For instance, Intel’s BMZ2 beats Bitmain‘s latest model, the Antminer S19 Pro+ Hyd, which reaches a hashrate of 198 TH/s with an efficiency of 27.5 J/TH. Similarly, it beats MicroBT’s Whatsminer M30S++, which delivers 112 TH/s at an efficiency of 31 J/TH.
However, BMZ2 miners fail to beat out Bitmain’s Antminer S19j XP, which can bring 140 TH/s of hashrate with an efficiency of 21.5 J/TH.
Intel first announced its foray into the Bitcoin mining hardware market earlier this year. At a tech conference on February 21, the technology company presented its prototype chip and Bitcoin miner.
At the time, the company detailed the specifics of its first-generation mining chips, which are not the ones shipping to customers. Instead, the company’s second-gen Bonanza Mine chips, which have remained shrouded in mystery, are the ones that are upcoming.
Aside from Griid, which will have access to 25% of Intel’s production capacity, the UK’s first listed cryptocurrency miner Argo Blockchain and Jack Dorsey-led Block (previously Square) are the company’s other clients.
– Bitcoin Mining Company GRIID to Be First Recipient of Intel’s “Bonanza Mine” Chips
– Jack Dorsey’s Block Announces Bitcoin Mining System, Building the Core Team
– Intel’s Bitcoin Mining Surprise
– Intel Confirms its Crypto Mining Plan
– Bitcoin to Hit USD 93K This Year, According to Less Optimistic Survey
– Analysts See Slower Bitcoin Hashrate Growth in 2022 Amid Market Correction
– Bitcoin & Crypto Mining in 2022: New Locations, Technologies, and Bigger Players
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: