35% power cost reduction: Intel patents new mining tech

Intel has sent a new patent filing to the United States Patent and Trademark Office which is directly confirmed by its official website. The new technology Intel develops is connected to miners: the hardware accelerator will be designed specifically for digital currency mining purposes and include two computational blocks.

The Bitcoin mining power will be reduced by 35% thanks to this new technology. The authors of the patent note that the current mining by performing SHA-256 functions was not as efficient as their invention.

Intel’s mining power reduction would meet a good appraisal from the U.S. officials who start to think that miners do not actually contribute to the steady pricing of electricity. The civil servants have begun to restrict their activities by imposing bigger fees for them more than for regular power consumers.

The USPTO website is a little window to the future. Because of its open structure, one can see patent filings from the major companies often concerning new and perspective technologies. There have been several occasions in which the public had a chance to know about new blockchain tech of PayPal, Dell, Xerox, Goldman Sachs, Boeing and other firms.

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