The International Solid-State Circuits Conference (ISSCC) is an international forum where developments in solid-state circuits and chip technologies are presented to developers globally. At this point, when we examine the program of the forum, a very familiar name draws attention.
Intel will present its chip, which it describes as “Ultra-low-voltage, energy-efficient Bitcoin mining ASIC”, to developers at the ISSCC conference. The chip, called Bonanza Mine, is in the "Featured Chip Releases" category. This means that Intel will soon be able to compete with companies like Bitmain in the market for dedicated ASICs for Bitcoin mining.
On the other hand, Intel's step into the mining industry is not a surprising step. So much so that the company had already shown its interest in the mining industry with a special transaction system patent in 2018.
With its silicon manufacturing experience, however, Intel can make a competitive entry into the Bitcoin hardware market, especially with a focus on low-power high-throughput operation.
Finally, it is not clear for now whether Intel's Bonanza Mine chip will be released as a product for the public or if it will be limited to a research project.
How is Bitcoin Produced?
By making Bitcoin mining, it is possible for people to produce their own Bitcoin in the home environment by investing a certain amount in the machines that produce Bitcoin in the market. But the cost of being able to do this at home is quite high. Apart from capital, first of all, it is necessary to have strong equipment and to be up-to-date.
One of the most correct answers to the question of how Bitcoin is produced is as follows: The most important requirement for Bitcoin production is internet connection and appropriate hardware. For this, it is necessary to have an extremely powerful processor and operating system. After having the necessary equipment, Bitcoin mining can be done easily after calculations are made about electricity consumption and its return.
It works by generating and validating encrypted versions of the blocks that generate Bitcoin. Within the blocks, there are financial transactions within the Bitcoin structure. The following ways can be preferred in order to perform the mining (mining) operation performed through ASIC devices. These:
- via hardware
- through computer use