Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

Hive Blockchain (HIVE), a bitcoin mining company, announced on Friday that it had deployed its first machines using Intel’s (INTC) Blockscale CPUs.

The new chips not only have the ability to end Bitmain and MicroBT’s effective monopoly on the mining machine market, but they also provide mining businesses the freedom to create machines that exactly match their needs, which is a significant change from the products of those other manufacturers.

According to Aydin Kilic, president and chief operating officer of the firm, Hive’s first 5,800 machines, known as BuzzMiners, can collectively output computational power between 638 petahashes per second and 754 PH/s, or 110 terahashes per second to 130 TH/s per machine. That falls short of some of Bitmain’s most recent models, like the S19 Pro+ Hydro and Antminer S19 XP.

The machines’ power efficiency data, a crucial indicator in a situation where power prices have brought miners to their knees, hasn’t been made public by Hive either. In April, Intel bragged about the chips’ 26 joules per terahash (J/T) efficiency, which is on par with or better than other models now available on the market but falls short of Bitmain’s S19 XP series.

The miner added that more than 1,500 Intel-powered computers have already been set up throughout its facilities in Sweden and Canada and have achieved performance goals. According to the Friday press statement, Hive had placed an order for 13,000 machines to be produced in 2022 but lowered the order “to carefully scale the business amid the crypto bear market.”

Share to Social Media

Recent Articles

Join Our Newsletter