Intel Bitcoin mining chips discontinued despite chip efficiency, $63M revenue boost in 2022
Bitcoin Ang Intel Bitcoin mining chips ay hindi na ipinagpatuloy sa kabila ng kahusayan ng chip, $63M na pagtaas ng kita noong 2022 23 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Intel announced the end of first-gen Blockscale 1000-series Bitcoin-mining ASICs on April 18, despite the chips contributing both efficiency and a rise in revenue in 2022 — up from 2021. The announcement — initially reported by Toms Hardware — cited “a tighter focus on its IDM 2.0 operations” as the rationale behind the decision to discontinue the chips. However, the chip was part of the Accelerated Computing Systems and Graphics Group (AXG) revenue segment — which registered a $63 million increase in 2022 in comparison to 2021. Intel annual report: AXG Revenue $BEfficient but not cost-efficient Intel Blockscale 1000-series chips were deployed by at least one public Bitcoin (BTC) mining company through 2022 and shown to be both efficient and profitable. In December 2022, Canadian Bitcoin mining firm Hive Blockchain mined a total of 213.8 BTC — worth $3.15 million — utilizing Intel Bitcoin-mining ASICs to do so. However, despite the improvement in efficiency and profitability offered by Intels Blockscale 1000-series chips, Intel operating income costs Year-on-Year (YOY) increased almost 50% to $1.7 billion in 2022, from $1.2