Intel, the American multinational technology corporation has filed for a new patent for “energy-efficient high-performance Bitcoin mining,” as per the U.S. Patent and Trademark Office (USPTO) filing from Nov 27.
The patent from Intel is dedicated to a “hardware accelerator implementing SHA-256 hash using optimized data paths” and plans to reduce the energy consumption in Bitcoin (BTC) mining up to 15 percent. The document filed with the USPTO state that “clusters of SHA engines may consume a lot of powers (e.g., at a rate of greater than 200 W),” asserting “Embodiments of the present disclosure include energy-efficient ASIC-based SHA engines that consume less power for Bitcoin mining operations.”
Last Spring, already Intel filed for a patent with a goal to reduce the energy consumed by cryptocurrency mining, as reported by crypto media outlet Cointelegraph “minimizing energy consumption per hash and maximizing performance per watt.”
Earlier this year, intel associated with Enigma, a decentralized application (DApp) platform, to build its testnet on blockchain to provide the first platform for scalable end-to-end DApps.
In another partnership signed with Intel this fall, plans to address “gaps in the market” for the solutions that can push the enterprise blockchain system forward, with SAP, a software multinational company. Last October, Intel also partnered with Ledger, a hardware startup firm to provide innovative solutions for cryptocurrency and blockchain-based applications.