Intel’s new gaming chip is now available on laptops and has been hailed by some in the crypto industry as a major disruptor of the cryptocurrency mining hash race.
Here’s a brief introduction to Intel’s Moore’s Law:
“In 1965 Gordon Moore made a prediction that would set the pace for our modern digital revolution. Carefully observing an emerging trend, Moore extrapolated that computing would dramatically increase in power and relative cost, at an exponential rate.
Will the inexorable advance of Moore’s Law lead to a rapid democratization of hash power on cryptocurrency networks, with home gaming computers and consoles monetizing huge amounts of SHA-256 queries when not in the business of creating visually lush, simulated environments for players to go pew?
This is where we are today on the consumer gaming hash power curve.
Intel Arc has more graphics card than Nvidia’s GA104
The first round of Intel’s new Arc graphics chips fell this week, although for now only the least powerful of the new line of graphics processors, the Arc 3s, are on sale to the mass market. Still, the entry-level Arc chips are twice as fast as Intel’s integrated Xe graphics processors.
Brad Chacos of PC World therefore praised the arrival of the new GPU from the company Santa Clara, California: “The graphics card duopoly ended this week. For the first time in decades, we’re staring at a true triple battle for gaming supremacy. Yes, Intel now makes discrete graphics cards.”
According to a recent report:
“According to their data, Intel ACM-G10 (formerly known as DG2-512EU) is 406 mm² in size and has 21.7 billion transistors. Both values are greater than AMD Navi 22 and NVIDIA GA104, presumably the main competitors for this ARC GPU.”
The GPU wars are heating up now, but the technology isn’t just useful for incredible video game graphics (or visualizing roads for autonomous vehicles). It will also play a vital role in the global economy of the ever-ongoing hashrace of the cryptocurrency industry.
Unless you’re looking for an ASIC (an Application Specific Integrated Circuit chip), specifically designed to do nothing but solve SHA-256 hashing problems, or other commonly used standards in various proof-of-work mining cryptocurrencies core implementations, the most practical consumer solution for mining cryptocurrency at home are GPUs.
Intel developed and launched a Bitcoin mining ASIC this year, the Bonanza chip. Hive Blockchain, a Canadian mining company, struck a deal with Intel earlier this year to provide chips for their operations.
Fat eyeballs and fat wallets
Because of the way graphics processing units are designed, they are faster at solving these problems than CPUs, and in cryptocurrency mining, speed is everything. As Satoshi would have it, the nodes that keep the books of the blockchain on crypto networks in order are all in a literal race to be the one to solve the hash problem with some cost of electricity and computation cycles, making the winning node. qualified as the only one to validate, sign and post the next transaction block in the chain, and award the winning miner a freshly minted bit of internet money.
In the case of Bitcoin, there has been a winner every ten minutes since the Satoshi blockchain was launched in 2009. But to play, a miner must have (and secure) a device with the minimum system requirements to run a full node.
Since last year, there was initial concern that Intel could build in a crypto mining destroyer such as a software lock to prevent the chip from being used to process requests from Bitcoin Core. Intel’s Senior Vice Presidents Raja Koduri and Roger Chandler put that aside in an interview with Gadgets360, saying they would not block crypto mining on their GPUs.
“It’s not a priority for us,” Chandler said.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off the fees on Binance Futures in the first month (Terms and Conditions).
Special PrimeXBT Offer: Use this link to register and enter the POTATO50 code to receive up to $7,000 on your deposits.