Intel axes Blockscale mining ASICs it brought out just in time for crypto winter

Intel has quietly announced it will end sales of its cryptomining hardware chips, less than a year after entering the business. Chipzilla's crypto-adjacent offering, announced in April 2022, is a Blockscale ASIC designed to accelerate SHA-256 processing for proof-of-work applications, with the chipmaker claiming hash rates of …

[Korev]

Could they sell the assets and put the money into Silicon Valley Bank?

[Korev]

Intel axes Blockscale mining ASICs

Intel makes running shoes? When did that happen?

[tony72]

A day late and a dollar short

They were tired as high efficiency, but they were less efficient than the best on the market at launch. I guess when the crypto market was running hot, any chips you could actually get supply of would sell well. In a crypto winter though, probably not so much.

[renniks]

With any luck it'll be a crypto nuclear-winter

[mark l 2]

"On April 7, the chipmaker quietly released a product change notification stating that it would stop shipping its Blockscale 1000-series chips on April 20, 2024. But on the off chance you've been itching to get hold of some soon-to-be-defunct mining gear, Intel will continue taking orders for the chips through October 20."

I read that we are hoping that keeping the door open for orders til October might mean we might at least clear some of the stock that's already been manufactured that no one wants to buy.

I hope whichever exec who came up with the idea is facing the unemployment line for such as stupid idea in the first place.

[Zippy´s Sausage Factory]

Of course they tried to follow a rising market... at the time. The only issue is that there are now so many ASICs out there only large mining corporations can afford to mine any more - gone are the days when a decent gaming laptop could make you a small profit by being left on overnight.

Crypto currency has, for most of the purposes that it was hyped for, failed. It'll still have some role to play, somewhere, probably - just that nobody's really sure what exactly that role will be as yet.

[druck]

Crypto still enjoys its position as the number one preferred payment method for ransomware, extortion, fraud and other electronic crime.