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5 sats \ 2 replies \ @BTCMiner 5 Apr 2022 \ parent \ on: Intel Launches New Bitcoin Mining Chip, Blockscale, Ships In Q3 bitcoin
While this means only some customers will receive Intel chips (or rigs using Intel chips), this will help to relieve the imbalance in supply and demand, and likely help bring down the cost of hardware from other manufacturers who will find lower demand.
Whether this happens or not will depend on a number of factors, such as whether the Intel chips are in a quantity that is enough to affect the imbalance, the futur eprice of bitcoin, the future difficulty level, and more.
While this Ver 1 product isn't jawdropping specs, it does represent a significant move forward for the industry.
Intel's entry into the market legitimizes it. For some random midwest power company looking to turn excess capacity into BTC, it may have been a hard-sell to convince them to send $20M to some upstart chinese hardware company....those dynamics change when its Intel.
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Good point!
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