• bitcoin

    Bitcoin (BTC)

    $ 4,096.25 3.36%
  • ethereum

    Ethereum (ETH)

    $ 156.78 6.05%
  • ripple

    XRP (XRP)

    $ 0.327898 2.33%
  • stellar

    Stellar (XLM)

    $ 0.093349 3.65%
  • eos

    EOS (EOS)

    $ 4.07 5.91%

Bitcoin

Intel gets patent for power-friendly bitcoin mining

A better way to handle the cryptographic math behind bitcoin is the heart of a new patent recently granted to Intel. The chip-making giant notes that while rewards are granted for mining bitcoin on specialized machines, "the power consumption [of the needed] hardware accelerators is the recurring cost for the bitcoin mining." These application-specific integrated circuits, or ASICs, can consume upwards of 200 watts, Intel said. The patent describes a way to perform the SHA-256 algorithm -- used in bitcoin's "proof of work" -- more efficiently. If implemented in future ASICs, Intel said, the improvements could "reduce the overall circuit area and power consumption by about 15%." (Source: USPTO)