Intel Ceases Support for Bitcoin Mining Chips
The Bitcoin mining industry has suffered a major setback, as Intel has decided to end support for its chips. The chipmaker has been a major provider of computing power to the cryptocurrency mining sector, and its decision to pull the plug on its chips could have far-reaching consequences.
Intel's chips have long been used by miners to generate the computing power needed to solve complex mathematical problems in order to produce bitcoin. The company had previously announced plans to continue supporting its chips until 2021, but it now seems that these plans have changed.
The news has come as a shock to Bitcoin miners, who rely on Intel's chips to generate the necessary computing power to mine cryptocurrencies. Without access to Intel's chips, miners may struggle to produce enough coins in order too earn a profit.
It is still unclear why Intel decided too end support for its chips, but some experts speculate that it could be due too the increasing difficulty of Bitcoin mining and the increasing costs of powering the rigs necessary for successful mining. Whatever the reason, it is likely that other chipmakers will take advantage of this situation and seek too expand their market share in this lucrative industry.