The US Securities and Exchanges Commission filed by GRIID, an American infrastructure company that operates several Bitcoin (BTC), mining sites and was one of the first recipients of the “Bonanza Mine” chips. It claims that the new Bitcoin miners are very efficient and rival the market leaders.
The second-generation Bonanza Mine Bitcoin miners (BMZ2) by Intel are expected to achieve 135 terahash/second with an efficiency 26 joules/terahash. Antminer S19 Pro, a rival miner brings 110 TH/s with an efficiency of 30 J/TH.
Intel’s miner is 50% cheaper than the S19 Pro rig, and 15% more efficient, which would increase gross profits by 130%. GRIID presented this information in an investor presentation.
The filing didn’t specify the name or model of Intel’s hardware. The details are consistent with GRIID’s previous supply agreements disclosures with Intel. This suggests that the mining rig is Intel’s second-gen Bonanza Mine, (BMZ2) Bitcoin miner.
The new miner is also much more efficient than other models on the market. The BMZ2 by Intel beats Bitmain, the Antminer S19 Hyd which achieves a hashrate rate of 198 TH/s at an efficiency of 27.5J/TH. It also beatsMicroBT’s Whatsminer S30S++ which produces 112 TH/s with an efficiency of 31J/TH.
However, BMZ2 miners are not able to compete with Bitmain’s Antminer XP which can deliver 140 TH/s hashrate at an efficiency of 21.5 J/TH.
In January, Intel first announcedits entry into the Bitcoin mining hardware market. On February 21, , a technology company presented its prototype Bitcoin miner and chip at a tech conference.
The company also detailed details of its first-generation mining chip, but these are not the ones that ship to customers. The company’s second-gen Bonanza Mine Chips, which remain a mystery, are what are coming.
Griid will be able to access 25% of Intel’s production capacities. Jack Dorsey, UK’s first-listed cryptocurrency miner Argo Block , and the UK’s first-listed crypto miner Argo (previously square) , are the other clients.