Intel plans to release blockchain accelerators later this year and has lined up some high-profile buyers, according to a blog post friday by Raja M. Koduri, Senior Vice President.
Among its first customers for accelerators, which help facilitate energy-efficient cryptocurrency mining, are Block (formerly Square), Argo Blockchain and the Crypto Mining Startup Grid infrastructure.
Koduri, who is also general manager of the chipmaker’s Accelerated Computing Systems and Graphics (AXG) group, didn’t go into too much technical detail, but he did announce the formation of the Custom Compute Group within AXG, “to build custom silicon platforms optimized for customer workloads, including blockchain and other custom accelerated supercomputing opportunities at the edge.”
Meanwhile, at Nvidia…
Intel’s AXG unit isn’t the only graphics hardware specialist developing crypto mining technology. Driven by the popularity of the company’s graphics drivers used in crypto-mining rigs, Nvidia released a graphics cardfor Ethereum miners in February 2021: The Nvidia CMP (Cryptocurrency Mining Processor).
Within the first three months of release, Nvidia earned $155 million from CMP cards. CEO Jensen Huang said last May, “CMP gives better returns, and producing them doesn’t take away from GeForce’s offering. So that protects player supply.”
While many gamers often face hardware shortages as crypto miners grab some graphics cards, Nvidia announced early last summer it would be cut hash power of three of its most popular graphics cards to keep them supplied.