A US Securities and Exchange Commission (SEC) filing by GATE – an American infrastructure company that owns and operates a number of Bitcoin (BTC) mining facilities and one of Intel‘s first recipients of its upcoming “Bonanza Mine” chips – claimed that the upcoming Bitcoin miners offer tremendous efficiency, rivaling current market leaders.
Intel’s second-generation Bitcoin Bonanza Mine (BMZ2) miners are expected to reach 135 terahash/second (TH/s) with an efficiency of 26 joules/terahash (J/TH). In comparison, the Antminer S19 Pro mining rig, a competing miner, brings 110 TH/s at an efficiency of 30 J/TH.
Given that Intel’s miner will be 50% cheaper than its S19 Pro rival while being 15% more efficient, it would improve gross profits by 130%, GRIID claims in the presentation to investors.
Notably, the filing does not specify the name of Intel’s hardware. However, the details match GRIID’s precedents disclosures of supply agreements with Intelimplying that the mining rig in question is Intel’s second-generation Bonanza Mine (BMZ2) Bitcoin miner.
The new miner is also more efficient compared to other models present in the market. For example, Intel’s BMZ2 beats bitmainThe latest model from, the Antminer S19 Pro+ Hyd, which achieves a hashrate of 198 TH/s with an efficiency of 27.5 J/TH. Likewise, he Beats Whatsminer M30S++ from MicroBT, which delivers 112 TH/s at an efficiency of 31 J/TH.
However, the BMZ2 miners fail to beat Antminer S19j XP from Bitmainwhich can provide 140 TH/s of hashrate with an efficiency of 21.5 J/TH.
Intel first announced its foray into the Bitcoin mining hardware market earlier this year. At a technology conference on February 21, the technology company present its prototype chip and Bitcoin miner.
At the time, the company detailed the specifics of its first-generation mining chips, which are not the ones shipped to customers. Instead, the company’s second-generation Bonanza Mine chips, which have remained shrouded in mystery, are the ones to come.
Apart from Griid, which will have access to 25% of the production capacity of Intel, the first UK-listed cryptocurrency miner Argo Blockchain and Jack Dorsey directed To block (formerly Square) are the company’s other customers.
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