Home Bitcoin News Bitcoin Mining Intel's Second-Gen Bitcoin Miner's Efficiency and Pricing Listed, Leads the Market – Tom's {Hardware}

Intel's Second-Gen Bitcoin Miner's Efficiency and Pricing Listed, Leads the Market – Tom's {Hardware}

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(Picture credit score: Intel Bonanza Mine Prototype)

Intel’s entrance into the Bitcoin mining {hardware} market is undoubtedly disruptive, and given new data that has come to gentle, it now seems like the corporate’s mining {hardware} may have one of the best price-to-performance ratio available on the market. Intel just lately presented its prototype chip and Bitcoin miner at a current tech convention, however these fashions aren’t those delivery to prospects — the second-gen Bonanza Mine chips that are delivery to prospects have remained shrouded in thriller. Nevertheless, A current SEC submitting by considered one of Intel’s premier companions has revealed each the pricing and efficiency of Intel’s second-gen Bonanza Mine (BMZ2) Bitcoin miners.

In keeping with the itemizing, BMZ2’s efficiency weighs in at 135 TH/s with 26 J/THs of effectivity. Moreover, the miner is roughly half the price of a competing Bitmain S19 Professional whereas being 15% extra environment friendly, rivaling one of the best {hardware} available on the market from competing corporations.

Information of Intel’s Bitcoin-mining ‘Bonanza Mine’ chips initially filtered out with out a lot fanfare via a listing for a tech conference presentation. Quickly after, the invention of an IPO filing by GRIID, a Bitcoin mining firm that is amongst Intel’s first prospects, revealed a few of the particulars of Intel’s go-to-market technique. Intel adopted with its official announcement that it had entered the Bitcoin {hardware} enterprise with three massive prospects in tow, after which lastly confirmed its prototype Bonzanza Mine system at ISCC. That prototype system is not aggressive towards right this moment’s techniques, however now we all know that Intel’s delivery merchandise truly both beat or problem Bitmain and MicroBT, the market leaders.

(Picture credit score: GRIID)

The brand new SEC filing by GRIID now tells us the fundamentals of the delivery Bonanza Mine techniques (h/t to Hashindex). The slide would not particularly title Intel’s {hardware} subsequent to the specs. Nevertheless, the entire particulars, together with fastened pricing, assured chip allocation of 25% of manufacturing capability, and the top-tier US producer particulars (Intel is the one US-based bitcoin {hardware} producer), line up perfectly with GRIID’s prior supply agreement disclosures with Intel.

As such, these efficiency specs and pricing are assuredly for the second-gen Bonanza Mine techniques, however with the caveat that these techniques could possibly be tailored for GRIID. Which means we may see a slight distinction in efficiency/pricing for various customized designs, like these we count on to see from BLOCK. 

Energy Effectivity – Joules/Terahash Efficiency – Terahash/sec Energy – Watts
Bitmain Antminer S19j XP 21.5 J/TH 140 TH/s 3010 W
Intel Bonanza Mine 2 (BMZ2) 26 J/TH 135 TH/s 3510 W
Bitmain S19j Professional 29.5 J/TH 110 TH/s 3250 W
MicroBT Whatsminer M30S++ 31 J/TH 112 TH/s 3472 W
Intel Bonanza Mine (BMZ1 – Prototype) 54 – 60 J/TH 34.5 – 47.7 TH/s 1863 – 2849 W
Bitfury Clarke 56 J/TH 120 TH/s ?
Canaan Avalon A9 58 J/TH 20 TH/s 1700 W

The slide lists efficiency of the brand new miner at 135 TH/s with 26 J/TH of effectivity, second solely to Bitmain’s S19j XP system. The Bonanza Mine-powered system can also be 15% extra environment friendly than the following greatest system available on the market, the Bitmain S19j Professional. Peak efficiency for the BMZ2 system weighs in at a aggressive 135 TH/s. A little bit of primary math reveals the system runs at roughly 3510W.

We additionally included Intel’s first-gen prototype, the BMZ1, designed in 2018, for comparability. The brand new BMZ2-powered system is roughly twice as environment friendly whereas providing greater than thrice the efficiency of the prototype. Nevertheless, we nonetheless do not know what course of node is used for the second-gen chips (rumored to be TSMC 5nm) or what number of chips are in every system (the prototype makes use of 300).

(Picture credit score: Tom’s {Hardware})

We plotted efficiency vs effectivity within the chart above, with leads to the higher left-hand nook being essentially the most fascinating. The BMZ2 chips are clearly much more performant and environment friendly than the prototype BMZ1 fashions. Moreover, the BMZ2-powered Intel system solely trails Bitmain’s premier Antminer S19j XP by a small margin, however these efficiency and effectivity metrics are shut sufficient that pricing and provide would be the figuring out components for many patrons.

GRIID says the brand new Intel mining techniques value $5,625 per miner. On condition that GRIID has assured entry to 25% of Intel’s manufacturing capability, we count on the corporate to learn from quantity pricing. In both case, that is roughly half the value of the $10,455 Bitmain S19j Professional, nevertheless it’s noteworthy that pricing for the S19j Professional can fluctuate wildly. Bitmain, and different Bitcoin {hardware} suppliers, modify pricing day by day based mostly on Bitcoin’s spot valuation and the projected payoff time, thus exposing prospects to Bitcoin volatility and exorbitant pricing.

Moreover, the present mining {hardware} suppliers are based mostly in China and endure from long lead times and extreme provide disruptions and shortages on account of their lack of provide chain management. These corporations additionally should cope with the 25% tariffs for merchandise that originate in China and are uncovered to the volatility related to an extended provide chain, which could be particularly punishing for gear sure for the US as a result of elevated value of delivery and logistics.

In distinction, Intel sticks to fastened pricing that is not based mostly on Bitcoin spot pricing and the corporate is predicated within the US, thus avoiding tariffs and different bills whereas simplifying help. These are necessary benefits as a result of China’s ban on mining has made the US the first vacation spot for cryptocurrency miners. In the long run, factoring in Intel’s pricing and logistics benefits, the BMZ2 techniques may win over competing miners.

Intel’s first publicly-named prospects embrace BLOCK (previously referred to as Sq. and helmed by CEO Jack Dorsey of Twitter fame), Argo Blockchain, and GRIID Infrastructure. Given the aggressive efficiency, pricing, and benefits of being a US-based provider, that record will certainly develop after Intel’s silicon begins to hit the market within the second half of this yr. 

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