News Intel's Blockscale Cryptominer Ships Ahead of Schedule, Late to the Party

[Admin]

Intel's Blockscale ASIC has arrived a quarter early, but there are worries that it might still be too late, with investors cooling to speculative investments like cryprocurrencies.

Intel's Blockscale Cryptominer Ships Ahead of Schedule, Late to the Party : Read more

 

[spentshells]

AH! Intel late to the party after everyone has decided to leave.

 

[-Fran-]

This is so stupidly hilarious... Out of ALL the things they got out AHEAD of time is the ONE thing the market is kinda shaky about getting, if not getting at all xD!

Well, I guess these specific chips/ASICs are for the miners that don't care about the short-term dips but look forward into the far future and hope for the best as long as they can keep their pump and dump schemes.

Still, funny.

Regards.

 

[TerryLaze]

But..the crypto bubble bursts because it is too expensive to buy and power enough GPUs to make a profit.
The article claims:"over 1000x better performance per watt than mainstream GPUs for SHA-256-based mining." and "a hash rate of 580 GH/s, with power consumption between 4.8 and 22.7W " if these are also cheap enough on top of using very little power then this might be the exact right moment for them to release them.
All the miners that can't profit with GPUs anymore could be switching to those to keep it going for a while longer.

 

[Peter_Bollwerk]

But..the crypto bubble bursts because it is too expensive to buy and power enough GPUs to make a profit.
The article claims:"over 1000x better performance per watt than mainstream GPUs for SHA-256-based mining." and "a hash rate of 580 GH/s, with power consumption between 4.8 and 22.7W " if these are also cheap enough on top of using very little power then this might be the exact right moment for them to release them.
All the miners that can't profit with GPUs anymore could be switching to those to keep it going for a while longer.

Depends entirely on how much it costs though.

 

[TerryLaze]

Depends entirely on how much it costs though.

Yes, that's what I said, if it's cheap enough.
But keep in mind that a 3090 during the craze was around $2-3000 and that was burning through power like nobodies business.

 

[InvalidError]

4-5X the hash rate for 1/10th to 1/50th the power. Just what crypto-miners need to get by now that GPU-mining crashed to a point where it barely covers power costs.

I hope Intel is mildly successful. Seeding enough of these during a GPU-mining crash is going to ensure that GPU-mining of supported currencies will never be viable again.

 

[hotaru251]

the crypto bubble bursts because it is too expensive to buy and power enough GPUs to make a profit.

nah

burst bubble is due to the drama happening in crypto world. (luna scandal followed by Three arrow going under etc.)

thats what caused the drop down to being unprofitable & is why it isnt recovering like normally does.

 

[InvalidError]

thats what caused the drop down to being unprofitable & is why it isnt recovering like normally does.

The free-for-all crypto world is like grossly over-leveraged banks and stocks: whenever too many people want to cash out for the number of people wanting to buy in, the severe lack of liquidity gets exposed, panic ensues and value crashes from potential buyers walking away.

 

[TJ Hooker]

But..the crypto bubble bursts because it is too expensive to buy and power enough GPUs to make a profit.
The article claims:"over 1000x better performance per watt than mainstream GPUs for SHA-256-based mining." and "a hash rate of 580 GH/s, with power consumption between 4.8 and 22.7W " if these are also cheap enough on top of using very little power then this might be the exact right moment for them to release them.
All the miners that can't profit with GPUs anymore could be switching to those to keep it going for a while longer.

Intel's cryptominer can only be used for SHA-256 based coins (e.g. bitcoin), and nobody is mining those coins on GPUs; that was rendered useless years ago by previous ASIC miners. That is just Intel making a stupid comparison to try to hype the product. It'd be like touting the efficiency of a new GPU by comparing it to the real time rendering performance of a CPU.

So this has no real impact on GPU mining or miners.