Intel discontinues production of such chips! The product has been online for only one year!

    Previously, there was a wave of cryptocurrency craze, with miners rushing to purchase gaming graphics cards leading to a significant shortage. Intel announced its entry into the Bitcoin mining field in 2022, launching the "Blockscale 1000 series" of mining specific ASIC chips. The first batch of customers for Blocksale chips included several blockchain technology companies, including Argo Blockchain, Block, Grid Infrastructure, and Hive Blockchain.

    Raja Koduri, Senior Vice President of Intel, once stated that the performance of Intel chips will be more than 1000 times higher than mainstream GPUs used for mining based on the SHA-256 algorithm.

    Raja Koduri also stated that Intel has created a custom computing group within its AXG graphics department to support Bitcoin ASICs and "other emerging technologies". However, it was reported that Intel had restructured AXG Group, and Raja Koduri also left the company shortly thereafter.

    Analysts have commented that Intel came too late in the mining chip field but left too early.

    Intel‘s initial entry into the Bitcoin mining chip market was not well timed, as the chip went public during a decline in Bitcoin valuation.

    In 2022, when the chip was launched, the Bitcoin market entered a cold winter period, which had a huge impact on miners. Many mining machines were forced to "shut down" due to the significant drop in virtual currency prices, and at the same time, chip companies such as Intel and NVIDIA saw a significant decline in sales; Although the overall encryption market prices have rebounded since the beginning of this year. But overall, the mining heat is still significantly lower than before.