View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
August 18, 2014

New German chip claims to reduce Bitcoin mining energy by half

The company's new low-voltage chip technology, when integrated with software, will trim down the energy required to mine bitcoin by 50%

By CBR Staff Writer

A German start-up is seeking funds for the development of a new high-performance microchip that it claims will bring down the bitcoin mining energy requirement, and making the cost less prohibitive.

According to Dresden-based ASICrising, the company’s new low-voltage chip technology, when integrated with software will cut down the energy required to mine bitcoin by 50%.

The chip, dubbed Wolfblood Extreme Efficiency, needs only 0.19 joules of energy for a gigahash, which is a mathematical equation of bitcoin mining computing power, compared to 0.37joules per gigahash consumed by the currently available bitcoin-mining chip, the Wall Street Journal reported.

ASICrising, along with Dresden-based chip design firm RacyICs, have developed software that can detect the lowest possible voltage for individual chips within bitcoin mining farms, further boosting the chips’ reliability while optimising its energy efficiency.

As part of its plans, the company will also collaborate with the US semiconductor maker GLOBALFOUNDRIES, which will manufacture the processor in its Dresden facility if ASICrising can raise the $10m-$15m funding required to commence production.

ASICrising noted that the bitcoin mining chips vary from the computing microprocessors designed by UK-based ARM, for example, as they are more complex compared to single-purpose ASICs.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU