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In a move that could make cryptocurrency miners a little nervous, software giant Intel is exploring how to make the mining process obsolete. The company filed a patent two years ago with the U.S. Patent & Trademark Office (USPTO) for a system that would make transaction verification on a distributed ledger automatic, negating the necessity of paying miners for the service.

The USPTO published last Thursday the details of the patent, which describes a system that would automatically partition and update distributed ledgers. The system contains a processor that can autonomously verify the validity of new block and, subsequently, attach them to the ledger. ...

Foxx wrote:i wasn't sure where to put this so plase move if there is a better place for it to reside.

say goodbye to pools and your rigs.

Intel looks to eliminate miners with DLT automation

In a move that could make cryptocurrency miners a little nervous, software giant Intel is exploring how to make the mining process obsolete. The company filed a patent two years ago with the U.S. Patent & Trademark Office (USPTO) for a system that would make transaction verification on a distributed ledger automatic, negating the necessity of paying miners for the service.

The USPTO published last Thursday the details of the patent, which describes a system that would automatically partition and update distributed ledgers. The system contains a processor that can autonomously verify the validity of new block and, subsequently, attach them to the ledger. ...

disclaimer: the BTC/BCH battle is present in this article. i take neither side in that battle.