Intel Files Patent for Bitcoin Energy Reduction Solution

Intel had reportedly filed a patent for a Bitcoin (BTC) mining hardware accelerator intended to reduce the power needed for mining cryptocurrency.

The patent was filed September last year, but the application was released just last March 29. Intel says that the optimization can yield up to 35% energy usage improvement.

While Intel’s patent application pertained to ASIC implementations for “convenience,” it was noted that the system could apply to “any other logic device including processors, SoCs, and FPGA platforms.

The patent is the latest in Intel’s forays into blockchain and cryptocurrency. Last year, the chip giant had already partnered with PokitDok to use blockchain in the healthcare industry, collaborated with Tencent on an IoT blockchain solution, and used Ledger’s blockchain platform for cryptocurrency storage.

Source: Coin Telegraph

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