Intel gets patent for power-friendly bitcoin mining

A better way to handle the cryptographic math behind bitcoin is the heart of a new patent recently granted to Intel. The chip-making giant notes that while rewards are granted for mining bitcoin on specialized machines, “the power consumption [of the needed] hardware accelerators is the recurring cost for the bitcoin mining.” These application-specific integrated circuits, or ASICs, can consume upwards of 200 watts, Intel said. The patent describes a way to perform the SHA-256 algorithm — used in bitcoin’s “proof of work” — more efficiently. If implemented in future ASICs, Intel said, the improvements could “reduce the overall circuit area and power consumption by about 15%.” Excessive power consumption for bitcoin mining has long been a criticism, though some work suggests otherwise. (Source: USPTO)

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Intel gets patent for power-friendly bitcoin mining written by Mark Rogowsky @ https://www.theblockcrypto.com/tiny/intel-gets-patent-for-power-friendly-bitcoin-mining/ November 30, 2018 Mark Rogowsky

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