Intel just killed its crypto chip after less than a year

Image: Intel

Intel just shipped its first Bitcoin-mining chip last June, the Blockscale 100 ASIC, but it’s already dead — the company has discontinued it less than a year later, reports Tom’s Hardware, without announcing a new chip to succeed it.

Does that mean Intel’s already done with crypto chips after pumping the idea last February? Perhaps: Intel dodged a question from Tom’s Hardware about whether it’d exit the Bitcoin ASIC business, saying only, “We continue to monitor market opportunities.”

Intel’s timing seems to have been… unfortunate. Between the time Intel announced the chip and the time it shipped, Bitcoin had fallen by more than half — from a high of over $47,000 per coin to under $19,000 each. That said, Bitcoin is back over…

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