Intel stops manufacturing its Blockscale 1000 ASIC for cryptocurrency mining at scale

the market of Cryptocurrency mining is in the doldrumswith bitcoin values ​​below 30,000 euros and with a drop of more than 28% over the last year, miners they don’t want to risk given its low price and the sharp rise in the cost of electricity. For this reason, miners have gotten rid of all the mining equipment, flooding the second-hand market with overpriced graphics cards. It is also the case of Intel that, according to what they tell us at Tom’s Hardware, has stopped producing its ASIC for crypto mining at scale.

Intel will suspend the production of its series Blockscale 1000a product that launched last April 2022 when Bitcoin looks like it was at its all time high. But this product arrived late, in the second half of 2022 began to collapse and lose all interest for cryptocurrency mining. This ASIC for cryptomining would have been designed by Intel’s AXG graphics division, which has now received a restructuring after the company’s layoffs. For now no successor announcedBut they also don’t rule out new models if the opportunity arises.

But perhaps this move is also somewhat premature, since bitcoin is rising in recent weeks And with lower electricity taxes along with a higher value, you may get your interest back.

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