It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all this chaos? Will it react at all? The news didn’t immediately do much, but the long-term effect remains to be seen. Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team👍 Excited to see how @ArgoBlockchain @griid and @HiveBlockchain improvise around Blockscale and our open design. pic.twitter.com/0rxtNTLMfw — Raja Koduri (Bali Makaradhwaja) (@RajaXg) June 29, 2022 Raja Koduri, Intel’s Architecture, Graphics and Software (IAGS) division’s senior vice president, recently tweeted: “Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team. Excited to see how Argo, Griid and Hive improvise around Blockscale and our open design.” Notably absent from the list is BLOCK, Jack Dorsey’s company. Does that mean something or is BLOCK just fourth on the list? Three months ago, Bitcoinist quoted Raja Koduri emphatically saying: “Our blockchain accelerator will ship later this year. We are engaged directly wit...
