Intel Files Patent for More Efficient Bitcoin (BTC) Mining
Bitcoin Mining, Cryptocurrency–Even with the falling price of Bitcoin and the recent questions being raised about the profitability of crypto mining, American tech company Intel has made headlines with a new patent filing that seeks to improve upon the efficiency of mining.
According to the U.S. Patent and Trademark Office (USPTO) filing that was published on Nov. 27, the tech giant’s patent specifically seeks to establish “energy-efficient high-performance Bitcoin mining.”
Given the growing concerns over the amount of electricity consumed by Bitcoin mining, a feature that has drawn almost as much criticism–and skepticism–to the industry as price volatility, it’s no surprise that companies are seeking a more economical approach. While some have cried foul over the allegations that BTC mining is contributing to global warming, or that the industry function accounts for more energy consumption than entire countries, it is undoubtedly a feature that will have to be modified…
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