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Intel declared about its upcoming second-generation bitcoin mining chip Intel Blockscale ASIC which launched recently and its coming was announced in February. It will ship in Q3 2022 to select customers. A new processor designed for energy efficiency and sustainability from the microchip manufacturer doubles down on its environmental, social, and governance ESG commitments. The new Blockscale chip will provide up to 580 GH/s gigahashes per second (GH/s) of hash rate while consuming just 26 joules per terahash (J/TH). This makes it much more efficient than the flagship Bitmain equivalent when used in an array. On its site, Intel explains that the chip was created with the aim of energy sustainability in the context of ESG (environmental, social, governance) which continues to hamper the industry. The hash rate determines how quickly miners can solve Bitcoin's next block, while the joules per terahash measure how much energy is used per terahash. Each terahash is created by consuming one joule of energy. A terahash is 1 trillion hashes. An application-specific integrated circuit ASIC is a system designed specifically for a particular application, such as crypto mining. As per the company, the new Intel Blockscale chip shipments would begin in the third quarter of 2022.
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