Intel Wins Patent for Energy-Efficient Bitcoin Mining
Intel, a global technology company known for its widely used computer processors, has patented its work in the field of decryption mining.
On Tuesday, the US Patent and Trademark Office granted a patent for a processor claiming to be capable of "energy-efficient high-performance bit-coaching mining" that specifically named the SHA-256 algorithm used by the world's largest cryptocurrency in terms of market cap. .
Intel reportedly wanted patents related to working in the field of cryptography mining. It was Intel's foundry that produced chips for mining operations in the 21st century. 21 Inc later changed its reputation to Earn.com and eventually acquired Coinbase.
According to this patent, Bitco Miner can be compensated for his efforts by receiving block rewards and transaction fees. However, mining equipment for bitcoin networks typically requires a hardware accelerator such as an application-specific integrated circuit (ASIC), which requires a large amount of energy.
Hardware accelerators are required to handle 32-bit Nonce, a bit string that is used once, especially during transactions. The ASIC now processes these transactions in multiple steps with redundancy.
Because the patent explains:
"The dedicated Bitcoin mining ASIC is used to implement multiple SHA-256 engines that consume more than 200 [watts] power while providing thousands of hash performance per second. RTI ID = 0.0 & gt; and / or & lt; / RTI & gt; selectively routing parameters.
Hardwiring these parameters will reduce the number of calculations required and predict that such a system will reduce the amount of power required by the chip by 15%. The resulting chip will be smaller than the chip currently used for bit coarse part.
The patent also suggests that changing the way the 32-bit nonce is compared for validity can further lower the power requirements.
"Instead of comparing the final hashing result to the target value, you can determine whether the hash out contains a minimal number of zeros.
Intel image through jejim / Shutterstock
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