Intel Bonanza Cryptocurrency Mining Chip ASIC Market Leader

Intel’s new second-generation ASIC crypto mining chips can compete with and in many cases beat the existing leaders in the market.

Intel, the semiconductor giant, recently entered the crypto industry with the big reveal of its new application-specific integrated circuit (ASIC) miner. However, at the ISSCC 2022 conference, Intel presented its prototype bitcoin (BTC) miner BMZ1, which is just a prototype and not a product it intends to ship to new customers.

Enter, second-generation Bonanza Miner chips (BMZ2) – shrouded in mystery – these chips will actually be shipped to customers. With Intel’s second generation miner launching shortly after BMZ1, most were caught off guard by the BMZ2’s performance, efficiency, and price.

Second Generation Intel Crypto Miner Returns

When comparing Intel’s prototype on display at ISCC with what it will deliver to its customers like GRIDD, Argo Blockchain, and BLOCK (formerly Square, led by Jack Dorsey), it’s unlikely to compete. Okay. A new SEC filing by GRIID, a Bitcoin mining and infrastructure company, has revealed several specifications of the new miner.


An analysis performed by Tom’s hardware shows that:

According to the listing, the performance of the BMZ2 weighs in at 135 TH/s with 26 J/THs of performance. In addition, the miner is half the cost of a competitive Bitmain S19 Pro while being 15% more efficient, on par with the best hardware on the market by competing companies.

This means that the Intel BMZ2 outperforms almost all other miners except the S19j XP, winning only “by a small margin”. In addition, it is 15% more efficient than other leading systems, with “the highest performance for the BMZ2 system [weighing] at a competitive rate of 135 TH/s. A bit of basic math shows the system running at around 3510W. “


As shown in the chart above, the BMZ2 samples are clearly superior to the BMZ1 prototype and second only to the Bitmain Antminer S19j XP. However, when considering your affordability, GRIDD says the new intel miner costs around $5,625. While GRIDD is more likely to benefit from volume-based pricing, it’s still half the cost of $10,455 Bitmain S19J Pro.

A competitive advantage

Besides being able to offer better prices than most, with Intel being the largest semiconductor manufacturer in the world, they don’t have to deal with price fluctuations like Bitmain and other Bitcoin hardware providers. These companies typically adjust prices based on Bitcoin’s spot trading price and expected payback period.

Intel on the other hand has a fixed price per unit that is not affected by the Bitcoin price and since it is based in the US it can sell miners to US institutions at a cheaper rate. a lot of. This is because a 25% tariff is imposed on products originating in China, and since it is banned from mining, Chinese companies will need to export.

These phenomena have put Intel in a very favorable position since the current ban makes the US one of the main places to sell cryptocurrency miners. When considering price, performance, and efficiency, the new BMZ2s from Intel could become the new top dog of crypto miners.


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