Intel, the world's leading manufacturer of microprocessors, files a patent of a mining "accelerator," which will make bitcoin mining more efficient.

Intel Corporation claims to develop a "bitcoin mining hardware accelerator." This method reportedly makes the process of cryptocurrency mining more efficient by reducing power consumption. The patent application, filed back in September 2016, was published on 29 March by the US Patent and Trademark Office (USPTO).

"Because of the software and hardware utilized in Bitcoin mining applications, brute force to repeatedly and endlessly perform. SHA-256 functions, the process of Bitcoin mining operations can be very powerful-intensive and utilize large amounts of hardware space. By reducing the space utilized and power consumed by Bitcoin mining hardware," the USPTO document reads.

Intel says that its "hardware accelerator" method allows a 35% reduction in power consumption compared to general-purpose processors.

The corporation assumes that the method presented in the patent application is not limited to implementations is Application Specific Integrated Circuit (ASIC), SoC systems and a field-programmable gate array (FPGA). It can be used in many setups for mining.

Earlier, in December 2017, Intel received a patent for technology to use mining equipment for processing genetic data.