Home » genesis mining scam » Bitcoin Mining Could Become Profitable Again? Intel Stepping Ter – Ethereum World News

Bitcoin Mining Could Become Profitable Again? Intel Stepping Ter – Ethereum World News

Bitcoin Mining Could Become Profitable Again? Intel Stepping In - Ethereum World News

The leading microprocessor manufacturer based te California – Intel Corporation has taken an rente ter coming up and developing hardware with the concentrate on mining Bitcoin [BTC] that would support mostly individual and petite time miners to turn-in more profit.

Based on a released Patent Application on March 29th, Intel is attracted very much towards the creation of specialized hardware for mining Bitcoin. The information describes a BTC mining accelerator which patent application wasgoed filed on Sep 23rd, 2016.

“A System on Chip implementing a Bitcoin mining hardware accelerator [which] may include a processor core and a hardware accelerator coupled to the processor core.” The hardware accelerator is intended to “mine digital currency,” and “may include a very first computational block, including a message digest datapath,” spil well spil “a 2nd computational block.”

To plain it out – the fresh hardware would make mining more profitable by making it very first less energy spending.

For the time being, Bitcoin mining is being predominated by Bitmain Technologies Ltd., which is based with its HQ te Beijing China. Parallel with running the largest mining pools for Bitcoin, ASIC chips and mining hardware that use the chips are manufactured. The profit that wasgoed gained te this way by Bitmain ter 2018 wasgoed around $3-$Four billion.

But, if everything goes by project – Intel will be showcasing major competition for the centralized mining monopoly that Bitmain has become. Based on the patent filing, Intel has developed a way to lower the power consumed and the space utilized for Bitcoin mining hardware.

Bitcoin mining is presently exceptionally energy-inefficient and has proven to be less profitable the more the price of Bitcoin decreases. This, te turn, has compelled out many small-time miners while enlargening the stranglehold on the sector by large-scale operations, such spil Bitmain.

However, individuals and small-time mining could become once again profitable with the fresh technology that should be introduced te the fresh future by Intel. Accordingly it will help wrest control for the grab of the mining giants.

Voorzitter of Velocity Micro – a Richmond Virginia Intel fucking partner and system builder – Randy Copeland, stated to CRN:

Once this fresh Intel technology comes to market, ultimately more people will mine again because it’s profitable again, driving down the market value of the coins, and finding a fresh market balance that will again waterput locations with lower electro-stimulation costs back at the advantage.

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