When news surfaced that one of the largest computer chip makers in the world, Intel, would give a presentation about an application-specific integrated circuit (ASIC) geared for bitcoin mining at the International Solid-State Circuits Conference (ISSCC), a global forum for presentation of advances in solid-state circuits and systems-on-a-chip to be held online later this month, the first logical conclusion was that the company would be presenting a new chip it had developed specifically for the activity.

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