Thursday, January 20th 2022
Intel "Bonanza Mine" Bitcoin ASIC Secures First Big Customer, a $3.3 Billion Crypto-Mining Startup
Just a few days ago, we reported that Intel is preparing to unveil the company's first application-specific integrated circuit (ASIC) dedicated to mining cryptocurrency. To be more specific, Intel plans to show off its "Bonanza Mine" ASIC at the 2022 ISSCC Conference, describing the chip as "ultra low-voltage energy-efficient Bitcoin mining ASIC." We have yet to see how this competes with other industry-made ASICs like the ones from Bitmain. However, it seems like the startup company GRIID, valued at around $3.3 billion, thinks that the Bonanza Mine ASIC is the right choice and has entered a definitive supply agreement with Intel.
According to the S-4 filing, GRIID has "entered into a definitive supply contract with Intel to provide ASICs that we expect to fuel our growth. The initial order will supply units to be delivered in 2022 and GRIID will have access to a significant share of Intel's future production volumes." There are a few other mentions of Intel in the document, and you can see another exciting tidbit below.
Source:
Tom's Hardware
According to the S-4 filing, GRIID has "entered into a definitive supply contract with Intel to provide ASICs that we expect to fuel our growth. The initial order will supply units to be delivered in 2022 and GRIID will have access to a significant share of Intel's future production volumes." There are a few other mentions of Intel in the document, and you can see another exciting tidbit below.
GRIID S-4 FilingOn September 8, 2021, GRIID entered to a supply agreement (the "Intel Supply Agreement") pursuant to which GRIID may purchase Intel-designed BZM2 ASICs. The Intel Supply Agreement is for an initial four-year term and will automatically renew thereafter for one period unless either party provides at least 90 days' notice prior to the end of the initial four-year term. The Intel Supply Agreement provides GRIID with fixed pricing for the BZM2 ASICs for all orders placed prior to May 2023. In addition, subject to certain conditions, GRIID will be entitled to purchase from Intel at least 25% of all qualified Intel-designed ASICs through approximately May 2025.
66 Comments on Intel "Bonanza Mine" Bitcoin ASIC Secures First Big Customer, a $3.3 Billion Crypto-Mining Startup
One things for sure, this bitcoin asic news from intel has squat to do with the GPU shortage though.Trying to mock me with a Big Bang Theory TV character is deeply telling. For the record, I am Autistic which makes me a stickler for the facts here.
If only we had a clean long term highly efficient way to produce power.. and if only we stopped closing those particular power plants based off of bad science and fear (along with greed/lobbyists... someone is always making money off the coal/fossil fuel plants)
www.techpowerup.com/forums/threads/bill-gates-and-warren-buffet-building-nuclear-reactor-in-wyoming.282955/
Stop regurgitating bad information
we already have proof of this, as the most recent bill passed in Congress put a tax on crypto to help raise funds for the infrastructure bill at the tune of 38 billion dollars of tax from crypto.
the rich will continue to use crypto as a paranoid schizophrenic in case countries collapse, lol, pathetic twatsas long as they keep paying their taxes I don't give a **** what any of them do anymore.
Plus bitcoin ASICS like this have nothing to do with the "gaming and hardware community" damage.I'm all for raising the taxes, as long as enforcement is done in a logical way that does not break the ability of pools and exchanges to operate. But it needs to be simple. Tax me on my gains/profits and be done with it, not on every little transactional act I do.
#1. Politicians/high-ranking service members enriching themselves and their "buddies" in the defense industry.
#2. Contractors trying to milk as much money as possible from government coffers.
It just comes down to a lack of oversight and/or having individuals in that position with the necessary discernment to put a stop to it.
Intel knows that ASICs are the answer for mining, not GPUs.
I have been saying this for well over a year now and it still hasn't happened, MicroCenter does it sometimes, but MicroCenter is really to small to have an impact.I watched a documentary of this on CBS one time a long time ago, its quite sad how broken it all is.
The scalpers are a symptom of supply chain woes anyways, not the cause.
Of course that's easier said than done.
What you propose may work, but it is more treating the symptoms.