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Intel wins the patent for energy efficient Bitcoin extraction

The global technology giant Intel, known for its widely used computer processors, has won a patent related to its work in the area of ​​cryptocurrency extraction.

On Tuesday, the US Patent and Trademark Office conferred on the company a patent that describes a processor that claims to be able to conduct "high efficiency and energy efficient bitcoin mining", specifying in particular the & # 39; SHA-256 algorithm used by the world's largest cryptocurrency by market capitalization.

As reported, Intel has previously sought patents related to its work in the area of ​​crypto mining. And it was the foundry of Intel to produce chips for the mining operation managed by 21 Inc, which was later rebranded as Earn.com and was eventually acquired by Coinbase.

According to the patent, bitcoin miners can be rewarded for their efforts by receiving a block premium and transaction fees. However, mining machines for the bitcoin network generally require hardware accelerators, such as application-specific integrated circuits (ASICs), and therefore require a large amount of energy.

Hardware accelerators are especially needed for 32-bit nonce processing, bit strings used once during a transaction. Current ASICs process these transactions in stages with redundancies.

As the patent explains:

"Bitcoin dedicated mining ASICs are used to implement multiple SHA-256 engines that can deliver thousands of hashes per second while consuming more than 200 [watts]. Embodiments of the present disclosure employ micro-architectural optimizations including certain selective selective cabling parameters in calculating Bitcoin mining. "

Cabling these parameters would reduce the number of calculations required, it is said, estimating that such a system would reduce the amount of energy needed for a 15% chip. The resulting chip would also be smaller than those used for bitcoin miners at the moment.

The patent also suggests that changing the amount of 32-bit nonce compared for validity could further reduce power requirements.

"Instead of comparing the final hashing result with the target value, [the] The bitcoin mining application can determine if the hash out has a minimum number of leading zeroes, "states the patent.

Intel image via jejim / Shutterstock

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