Intel introduces ‘blockchain accelerator’ to bolster industry sustainability efforts

Intel introduces ‘blockchain accelerator’ to bolster industry sustainability efforts

Intel has established a blockchain accelerator scheme to contribute towards the development of more sustainable blockchains and mining operations.

Shipping later this year, the blockchain accelerator will focus on energy efficiency and the “responsible and sustainable” advancement of blockchain via the development of a product capable of handling high-demand, energy-intensive operations.

According to Intel, the new product will offer “1000x better performance” than mainstream GPUs – which are today most commonly used for SHA-256 based mining – and will be implemented on a “tiny piece of silicon” to greater offset its energy output compared to other products on the market.