Mining

Intel on Tuesday said it begun wrapping up production of its first generation Blockscale cryptocurrency mining chips. The announcement comes only about a year after the Blockscale 1000 family's introduction, marking a fairly rapid turn of events for a product that, at one time, Intel was hoping would let them carve out a slice of a billion dollar business. Intel initiated end-of-life process for its Blockscale 1000-series ASICs (models 1120, 1140, and 1160) on April 7, 2023. Customers who already use these chips must place their orders for the ASICs by October 20, 2023, and Intel will deliver its final Blockscale products to clients by April 20, 2024. Notably, Intel is closing out production of the Blockscale 1000 family without announcing any successor chips. While...