Speaking in an interview on Bloomberg channel, Intel CEO Pat GelsingerHe stated that he maintains his belief that Bitcoin is “badly designed, extremist and climate intolerant.”
Gelsinger states that even a single ledger entry completed in Bitcoin consumes enough energy to feed a day’s electricity used in homes almost throughout the day, and he thinks that this creates a ‘climate crisis’.
But according to Intel CEO Bitcoin (BTC) mining He also emphasized that the fact that the process is not energy efficient does not mean that the technology underlying the asset is not good.
As it will be remembered, Intel recently Bitcoin (BTC) He announced that he was preparing a new product, claiming that the microchip he prepared for mining would be much better in terms of performance.
“So that’s how we help solve the climate problem. We want to work with the industry to find ways in which technologies like blockchain can also be properly regulated and managed so that they can be fully realized.”
The news that the first customers of the new chip to be released by Intel will be payment company Block Inc and Bitcoin miners Argo Blockchain ADR and Griid Infrastructure were reported in the press.
Intel expects its new product to offer a blockchain accelerator for mining based on SHA 256 with 1000x better performance per watt than current mainstream GPUs.
On the other hand, Intel shares traded 1.2% lower in the premarket session on Friday.