{"id":485361,"date":"2022-03-08T08:42:39","date_gmt":"2022-03-08T08:42:39","guid":{"rendered":"https:\/\/wncen.com\/?p=485361"},"modified":"2024-06-12T09:31:35","modified_gmt":"2024-06-12T09:31:35","slug":"green-mining-company-hive-secures-deal-to-buy-a-number-of-intels-new-asics","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/green-mining-company-hive-secures-deal-to-buy-a-number-of-intels-new-asics\/","title":{"rendered":"Green Mining Company HIVE Secures Deal To Buy A Number Of Intel’s New ASICs"},"content":{"rendered":"
The ESG-focused mining company HIVE is the latest organization to sign a deal with Intel. It joins <\/span>Block, Argo Blockchain, and GRIID<\/span><\/a>, as the first clients and testers of the giant\u2019s new ASICs. Intel\u2019s Bonanza Mine project is quickly becoming one of bitcoin\u2019s stories of the year. It’s funny that, so far, no one has seen the equipment. The idea of a bitcoin miner made in the US is appealing, though. Plus, the project\u2019s rollout has been masterful so far.\u00a0<\/span><\/p>\n The headline here is that \u201cHIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine.\u201d In <\/span>a recent press release<\/span><\/a>, the company announced the Intel deal and its intention to expand into the US. \u201cThe Company is planning for a 100 MW deployment at one of Compute North’s renewable energy campuses in Texas.\u201d\u00a0<\/span><\/p>\n HIVE self-proclaimed itself \u201cthe first cryptocurrency mining company with a green energy and ESG strategy”. The company’s other significant characteristic is that they\u2019re holders. \u201cSince the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.\u201d That goes in line with new data that shows that miners are <\/span>quietly accumulating bitcoin as the market bleeds<\/span><\/a>.<\/span><\/p>\n <\/p>\n Not much, really. \u201cHIVE has entered into a Supply Agreement with Intel which is one of the world’s largest semiconductor manufacturers, for their upcoming blockchain accelerator.\u201d Notice how HIVE calls the ASICs \u201cblockchain accelerators,\u201d just as <\/span>Intel did in the company\u2019s blog<\/span><\/a>. Will the name catch on?<\/span><\/p>\n The press release doesn\u2019t specify how many bitcoin miners will HIVE buy, but, it provides some relevant data:\u00a0<\/span><\/p>\n \u201cThese miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 Exahash per second.\u201d<\/span><\/p><\/blockquote>\n It also quotes HIVE \u2018s president, Aydin Kilic, who about the deal said:<\/span><\/p>\n “After months of careful planning, we are very excited to take this step forward with a global technology leader like Intel. HIVE is committed to implementing these next-generation blockchain accelerators in its green energy infrastructure.”<\/span><\/p><\/blockquote>\n The ESG aspect of the whole endeavor is another important point here.<\/span><\/p>\n Recently, GRIID\u2019s filling with the SEC revealed several characteristics of Intel\u2019s new bitcoin miners. As always, NewsBTC got you the 411<\/a>:<\/span><\/p>\n \u201cWhen <\/span>the world first heard about Intel\u2019s ASIC ambitions<\/span><\/a>, the company cleverly described the machines as \u201cultra-low-voltage energy-efficient.\u201d How efficient will they actually be? Tom\u2019s hardware answers:<\/span><\/p>\n \u201cAccording to the listing, BMZ2\u2019s performance weighs in at 135 TH\/s with 26 J\/THs of efficiency. Additionally, the miner is roughly half the cost of a competing Bitmain S19 Pro while being 15% more efficient, rivaling the best hardware on the market from competing companies.\u201d<\/span><\/p><\/blockquote>\n Would 15% really make that much of a difference? If it can rival the S19 Pro, it would. And Intel wouldn\u2019t make this much noise if they didn\u2019t have a winner in their hands, would they? Maybe HIVE \u2018s president, Aydin Kilic, can shed some light on that:<\/span><\/p>\n “Intel’s energy-efficient and high performance blockchain accelerator is expected to reduce our power consumption over current ASIC miners on the market. HIVE will participate in the system development process from design verification, through to the prototype stages, and then factory & test engineering regimens to arrive at a production model; we are well-positioned and excited to undertake the process ahead.”<\/span><\/p><\/blockquote>\n That\u2019s right, the first few clients will help with the testing and development of Intel\u2019s final product. That makes all the sense in the world. Let\u2019s wish them luck, because an ASIC miner made in the US would certainly help break Bitmain\u2019s quasi-monopoly. The bitcoin ecosystem needs more decentralization in that aspect.\u00a0<\/span><\/p>\n The ESG-focused mining company HIVE is the latest organization to sign a deal with Intel. It joins Block, Argo Blockchain, and GRIID, as the first clients and testers of the giant\u2019s new ASICs. Intel\u2019s Bonanza Mine project is quickly becoming one of bitcoin\u2019s stories of the year. It’s funny that, so far, no one has seen the equipment. The idea of a bitcoin miner made in the US is appealing, though. Plus, the project\u2019s rollout has been masterful so far.\u00a0 The headline here is that \u201cHIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine.\u201d In a recent press release, the company announced the Intel deal and its intention to expand into the US. \u201cThe Company is planning for a 100 MW deployment at one of Compute North’s renewable energy campuses in Texas.\u201d\u00a0 HIVE self-proclaimed itself \u201cthe first cryptocurrency mining company with a green energy and ESG strategy”. The company’s other significant characteristic is that they\u2019re holders. \u201cSince the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.\u201d That goes in line with new data that shows that miners are quietly accumulating bitcoin as the market bleeds. BTC price chart for 03\/08\/2022 on Capital.com | Source: BTC\/USD on TradingView.com What Do We Know About HIVE \u2018s Deal With Intel? Not much, really. \u201cHIVE has entered into a Supply Agreement with Intel which is one of the world’s largest semiconductor manufacturers, for their upcoming blockchain accelerator.\u201d Notice how HIVE calls the ASICs \u201cblockchain accelerators,\u201d just as Intel did in the company\u2019s blog. Will the name catch on? The press release doesn\u2019t specify how many bitcoin miners will HIVE buy, but, it provides some relevant data:\u00a0 \u201cThese miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 Exahash per second.\u201d It also quotes HIVE \u2018s president, Aydin Kilic, who about the deal said: “After months of careful planning, we are very excited to take this step forward with a global technology leader like Intel. HIVE is committed to implementing these next-generation blockchain accelerators in its green energy infrastructure.” The ESG aspect of the whole endeavor is another important point here. Bitcoin Keeps Going Greener And Greener Recently, GRIID\u2019s filling with the SEC revealed several characteristics of Intel\u2019s new bitcoin miners. As always, NewsBTC got you the 411: \u201cWhen the world first heard about Intel\u2019s ASIC ambitions, the company cleverly described the machines as \u201cultra-low-voltage energy-efficient.\u201d How efficient will they actually be? Tom\u2019s hardware answers: \u201cAccording to the listing, BMZ2\u2019s performance weighs in at 135 TH\/s with 26 J\/THs of efficiency. Additionally, the miner is roughly half the cost of a competing Bitmain S19 Pro while being 15% more efficient, rivaling the best hardware on the market from competing companies.\u201d Would 15% really make that much of a difference? If it can rival the S19 Pro, it would. And Intel wouldn\u2019t make this much noise if they didn\u2019t have a winner in their hands, would they? Maybe HIVE \u2018s president, Aydin Kilic, can shed some light on that: “Intel’s energy-efficient and high performance blockchain accelerator is expected to reduce our power consumption over current ASIC miners on the market. HIVE will participate in the system development process from design verification, through to the prototype stages, and then factory & test engineering regimens to arrive at a production model; we are well-positioned and excited to undertake the process ahead.” That\u2019s right, the first few clients will help with the testing and development of Intel\u2019s final product. That makes all the sense in the world. Let\u2019s wish them luck, because an ASIC miner made in the US would certainly help break Bitmain\u2019s quasi-monopoly. The bitcoin ecosystem needs more decentralization in that aspect.\u00a0 Featured Image: HIVE’s logo, screenshot from this video | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":485362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[14920,83818,85622,84250,85208,640,85624,953,1017,85228,1205,1693,11313,85046,84807,2346,2399,6243,85575,85571,85504,85623,4025,4102],"class_list":["post-485361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-argo-blockchain","tag-asic-miners","tag-aydin-kilic","tag-bitcoin-green-energy","tag-bitcoin-incentivizes-green-energy","tag-bitcoin-mining","tag-bitcoin-mining-decentralization","tag-bitmain","tag-block","tag-bonanza-mine","tag-canada","tag-decentralization","tag-esg","tag-esg-concerns","tag-griid","tag-hive","tag-iceland","tag-intel","tag-intel-asic","tag-intel-bonanza-mine","tag-intel-mining-chips","tag-s19-pro","tag-sweden","tag-texas"],"acf":[],"yoast_head":"\nBTC price chart for 03\/08\/2022 on Capital.com | Source: BTC\/USD on TradingView.com<\/a><\/pre>\n
What Do We Know About HIVE \u2018s Deal With Intel?<\/span><\/h2>\n
Bitcoin Keeps Going Greener And Greener<\/span><\/h2>\n
Featured Image: HIVE's logo, screenshot from this video<\/a> | Charts by TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"