Bonanza Mine is the first crypto-focused chip from Intel, called a “blockchain accelerator”. HIVE expects Bonanza Mine to increase their aggregate Bitcoin hashrate up to 95% from 1.9 Exahash per second. It will also reduce energy consumption by 15%, bringing the company closer to the goal of environmentally sustainable mining. New chips will be delivered over a period of one year, starting from the second half of 2022.
Application-specific integrated circuits (ASIC) are designed to perform a single logic function and can’t be reprogrammed. Combined with their high performance and low power consumption, ASICs make for an ideal pick for miners.