Hive Blockchain, a block reward mining company, partnered with Intel to create a new crypto mining device that might have around 4 Exahashes per second.
Two technicians inspect bitcon mining at Bitfarms in Saint Hyacinthe, Quebecon March 19, 2018. - Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works based on the blockchain technology without a central bank or single administrator. (Photo by Lars Hagberg / AFP)
The blockchain reward firm announced its new collaboration with the chipmaker on Mar. 7, confirming that it will use Intel's SoC to enhance its state-of-the-art mining equipment.
As of the moment, Hive Blockchain is still customizing its own crypto mining gadgets. The blockchain company said that its Intel-enhanced mining devices are expected to arrive in the first half of 2022.
Hive Blockchain x Intel Blockchain Mining Device
Although the actual release date of the new crypto mining devices is still not confirmed, CoinGeek reported that Hive Blockchain is already testing them.
A sticker on the window of a local pub indicates the acceptance of Bitcoins for payment on April 11, 2013 in Berlin, Germany. Bitcoins are a digital currency traded on the MTGox exchange, and the value of the virtual money fluctuated from USD 260 per bitcoin down to USD 130 per bitcoin yesterday and recovered somewhat in trading today.
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The crypto firm said that the new mining gadgets are expected to double their current hash rates. Specifically, each of the devices with Intel SoC could have around 4 Exahashes per second, which is 95% from their current 1.9 Exahash per second.
"Intel's energy-efficient and high-performance blockchain accelerator are expected to reduce our power consumption over current ASIC miners on the market," said blockchain reward ming firm said.
The company added that they are exciting since expanding their Bitcoin mining program--thanks to the new partnership with Intel.
Hive Blockchain's 100 MW Renewable Energy Deal
According to Yahoo Finance's latest report, Hive Blockchain also secured a deal with Compute North LLC to host a 100-megawatt mining capacity in a Texas renewable energy data center.
Once the hosting starts, the involved Texas facility will be considered the first mining operation in the United States. Right now, Hive Blockchain is still enhancing its Bitcoin mining business. You can still definitely see more efforts from the company as the crypto industry's value increases.
In other news, Bitcoin's value decreased by 7.5% because of the Russia-Ukraine conflict. Meanwhile, U.S. President Joe Biden finally signed a crypto-regulating executive order.
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Written by: Griffin Davis
