Intel has filed a patent for a equipment that reduces energy consumption for mining. 29 March the US Patent office published the text of the application, which States that the proposed Intel accelerator, “reduces the amount of space used and the power draw of the equipment for bitcoin mining”.

In the patent (application was filed on September 23 last year) stated that he intended “to respond to the challenge faced by miners”. The challenge was the need to “search the entire space of the blockchain by brute force while minimizing the power consumption on the hash and maximizing performance per watt”.

According to Intel, this can be achieved by “optimizing the sensitive way the hashes require a lot of computing power, and operating blocks of the scheduler”, which will give extra time. This will reduce switching capacity, or to scale the voltage of the power supply that will enable a 35% increase in fluid capacity in the logic of hash.

Mining bitcoin (Intel describes it as “the most popular variety, that is, the unit of digital currency used in the digital money ecosystem”) needs large amounts of electricity for the solution algorithms. Skeptics have called bitcoin mining, with its high energy consumption “environmental disaster”, while their opponents argue that the possibility of using surplus electricity and renewable energy makes mining “minor issue” for the environment.

In the patent application States that “mining of bitcoins can be very expensive because large amounts of consumed energy and its relatively high cost. In some versions of the equipment for mining the cost of producing one bitcoin can surpass the cost of the bitcoins”.

In the patent application Intel notes that the example of the introduction of its technology it for convenience, use the ASIC-miner, although the system can be applicable to “any other logical device, […] including processors, network protocols, SoCs and programmable logic integrated circuits FPGA, but not limited to”.

This patent is not the first attempt of Intel to enter cryptosphere. In may last year, the company signed a partnership agreement with PokitDok involved in transaction processing in healthcare and software development. The partners intend to implement the blockchain in the medical industry.

In September 2017, Intel announced a partnership with Chinese company Tencent. They plan to jointly develop a blockchain solutions for the Internet of things (IoT).

In October, Intel signed a similar agreement with the manufacturer of the hardware of cryptocurrency wallets Ledger to use its blockchain-a platform for storing crypto assets.

Source