Intel could make Bitcoin mining profitable again

Technology giant Intel is in an effort to produce special hardware for Bitcoin mining, which it calls ‘acceleration’. The company recently filed a patent application with the US Patent and Trademark Office on the subject.

The California-based company is preparing to reduce the space and power consumed by its Bitcoin mining hardware.

Intel’ Bitcoin mining is currently managed by Bitmain, the world’s most powerful and efficient Bitcoin miner. However, Intel can strike a blow to Bitmain’s dominance.

In addition, Intel met with the Chinese company Tencent last year for Blockchain solutions.