Intel patent could make Bitcoin mining more efficient

Swathes of cryptocurrency mining establishments are going out of business at the moment, mostly because of high energy prices and the rising difficulty of mining, which adds up to an unprofitable system. The reward of mining isn’t worth the effort. But Intel thinks it can fight high energy consumption with its new patent. The chip maker successfully filed a patent this week for a processor that claims to offer high-performance Bitcoin mining, in an energy-efficient package. The processor is specifically designed to mine cryptocurrencies built on the SHA-256 algorithm, like Bitcoin. To make the processor more energy efficient than current…

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