Intel registers energy-effective processor for crypto mining

Posted 30 November, 2018

The global IT giant Intel has reportedly won the patent for the energy-effective processor that can be used in crypto mining of the coins with the SHA-256 algorithm (bitcoin and some other cryptos).

Crypto miners can get a reward for their attempts to receive blocks and transaction fees, though the mining capacities require the facilities like ASIC, which are energy-hungry. 

"Dedicated Bitcoin mining ASICs are used to implement multiple SHA-256 engines that may deliver a performance of thousands of hashes per second while consuming the power of greater than 200 W. Embodiments of the present disclosure employ micro-architectural optimizations including selective hardwiring certain parameters in Bitcoin mining computation. ," the document reads.

At the same time, the connection of these components is said to reduce the number of calculations, which obviously reduces power consumption of the chip by some 15%. Moreover, the size of the chip can be reduced, as a comparison to other once, according to the patent.

According to the document, the lower number of comparison can help to improve the energy efficiency of the process:

"Instead of comparing the final hashing result with the target value, Bitcoin mining application may determine whether the hash out has a minimum number of leading zeros. The minimum number of leading zeros may ensure that the final hashing value is smaller than the target value."

Earlier, the company filed the patent application for hardware accelerator.

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03 December, 2018 11:55

← Japan-based Bittrade to reopen business under Huobi flag

Bittrade, Japan's regulated crypto trading platform, has announced business shut down citing the further relaunch as a part of Huobi Global. Registration on the platform became unavailable on November 30. Deposits in both cryptos and fiats will be no longer accepted beginning from December 14. As for accounts on Bittrade, all accounts will be shut down on January 18. the New account opening is likely to be enabled on December 10, while deposits and trading launch is slated for January 8 2019.

Japan-based Bittrade to reopen business under Huobi flag

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30 November, 2018 12:48

Fidelity Digital Assets considers expansion of cryptocurrency list →

Fidelity Digital Assets, new crypto trading platform, has reported the expansion of the list of supported assets along with already launched Bitcoin and Ethereum. The company announced the expansion plans at the Block FS conference held in New York yesterday. Initially, the parent company Fidelity Investments expressed intentions to launch crypto division in October, saying that the new business would be aimed at trading and storing Bitcoin and Ethereum. However, the current decision shows that they are not ready to rest targeting further development.

Fidelity Digital Assets considers expansion of cryptocurrency list
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