Intel ends its bitcoin mining chip collection

Chipmaker Intel Corp stated on Tuesday it has discontinued manufacturing of its bitcoin mining chip collection, only a yr after its introduction.

A rout within the cryptocurrency market damage some chip corporations together with Nvidia Corp, whose high-end graphics chips turned common for crypto mining.

Intel expects to cease taking orders for the collection, known as Blockscale, by October 20 this yr and finish delivery by April 20 subsequent yr, in line with a doc on the corporate’s web site.

“As we prioritize our investments in IDM 2.0, now we have end-of-lifed the Intel Blockscale 1000 Collection ASIC whereas we proceed to help our Blockscale clients,” an organization spokesperson stated.

IDM 2.0 refers to Intel’s technique to outsource its chip making to exterior clients, whereas it continues to ramp up its personal manufacturing of smaller and sooner chips.

Intel stated it can proceed to “monitor market alternatives” within the cryptocurrency area.

Argo Blockchain, Block Inc, Hive Blockchain Applied sciences and GRIID Infrastructure had been Intel’s first clients for the chips.

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