Block’s Bitcoin Mining Revolution: 10-Year Rigs & Less Trash 🌍💰

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Listen up, tech nerds and crypto enthusiasts, because Block Inc. just dropped a game-changer in the Bitcoin mining world. Imagine a mining rig that doesn’t kick the bucket after a measly three to five years, but instead sticks around for a solid decade. Yes, you read that right! 🤯

Meet Proto Rig, the modular marvel that’s about to save miners a ton of cash and reduce e-waste. Instead of chucking the whole rig when it gets old, you can just swap out the hashboards as tech evolves. It’s like replacing a single sock instead of your entire wardrobe. 💁‍♀️

And if that wasn’t enough, Block also rolled out Proto Fleet, an open-source fleet management platform for those mega-mining operations. Because who needs a personal assistant when you’ve got a fleet of mining rigs to manage? 😂

This isn’t just a one-off project. Back in April 2024, Block developed a 3-nanometer Bitcoin mining chip, and then sealed the deal with a supply agreement with Core Scientific. They’re basically saying, “We’re in this for the long haul, and we’re bringing you along for the ride.” 🚀

Now, let’s talk numbers. Bitcoin mining is a serious money game. Professional-grade rigs can set you back over $10,000, and that’s before you even factor in the electricity bill. But hey, at current prices, mining companies are raking in more than $50 million worth of Bitcoin each day. Not too shabby, right? 💰

But here’s the kicker: profitability depends on a bunch of variables, like electricity costs, mining difficulty, and how efficient your hardware is. It’s like trying to win at a rigged slot machine, but with math. 🤔

The industry is buzzing with excitement over Proto Rig. Kadan Stadelmann, CTO of Komodo Platform, told CryptoMoon that Block’s open-source approach is a breath of fresh air in the Bitcoin world. “Traditional mining rigs end up in landfills after a few years, and miners are forced to keep buying upgrades from monopolies like Bitmain. Block’s modular design means longer-lasting hardware and more power per rack foot. It’s about time someone shook things up!”

“Block has offered a modular design for Bitcoin miners. The hardware is designed to last longer, and offers more power per rack foot, which democratizes Bitcoin mining – something the industry has needed for more than a decade.”

Bitcoin Miners Are Diving into AI: The New Gold Rush

But wait, there’s more! Some mining firms are getting creative and using their infrastructure for high-performance computing (HPC) and artificial intelligence. It’s like turning your lemonade stand into a tech startup. 🚀

Core Scientific, for example, was on the brink of bankruptcy in 2022 but managed to turn things around by pivoting to AI. They scored a $3.5 billion lifeline from CoreWeave and were eventually acquired for a whopping $9 billion. Talk about a comeback! 🎉

Hive Digital, another crypto miner, started branching out into HPC and AI in 2022. Their HPC revenues started showing up on their income statement the next year, and they haven’t looked back since. It’s like they found a new lease on life, and they’re still bullish on their Bitcoin mining ops. 🐂

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2025-08-14 20:40