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For the time being, it appears that its efforts are centered on enhancing GPUs for cryptocurrency mining.

On Friday, Raja M. Koduri, senior vice president of accelerated computing systems and graphics at Intel, revealed the company’s intention to contribute to the development of blockchain technology, beginning with the release of energy-efficient crypto mining accelerators later this year. In addition, Intel previously revealed that the next generation of Application-Specific Integrated Circuit mining equipment would be unveiled at the International Solid-State Circuits Conference later this month.

Within Koduri’s section, the corporation would also establish a new International Solid-State Circuits Conference. In addition, it would be in charge of developing specialized silicon platforms for enhancing blockchain mining performance and supercomputer architecture.

Furthermore, the company estimates that its circuit advancements will result in a blockchain accelerator with over 1000 times greater performance per watt or energy utilized per unit time than standard GPUs used to mine blockchain networks that use SHA-256 encryption.

Over the years, Intel has had an interesting, low-key relationship with the bitcoin field. The difficulty of mining Bitcoin has risen that ASICs are required over GPUs to be profitable. In terms of Ethereum mining, NVIDIA and AMD dominate the market with GPUs supplied in large quantities to local miners. Before announcing its Bitcoin mining hardware, Intel had not been active in the crypto field, except a minority holding in Coinbase shares last year.

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