Core

2024

Bitcoin

Block

Forge

Block, Inc., a global technology company with a focus on financial services, and Core Scientific, a major player in the Bitcoin mining sector, have entered a significant agreement where Block will supply Core Scientific with its new 3nm mining ASICs, capable of delivering approximately 15 EH/s of hashrate. 
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 Today, Core Scientific and <a href="https://twitter.com/blocks?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@blocks</a> announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to democratize Bitcoin mining -Block to supply Core Scientific with ~15 EH/s of new 3 nanometer ASIC mining… <a href="https://t.co/nWDnaSG4Tm" target="_blank">pic.twitter.com/nWDnaSG4Tm</a>— Core Scientific (@Core_Scientific) <a href="https://twitter.com/Core_Scientific/status/1811012184043925962?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 10, 2024</a>
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As per the <a href="https://www.businesswire.com/news/home/20240710013324/en/%C2%A0Block%E2%80%99s-New-Bitcoin-Mining-Chip-to-Be-Part-of-an-Ongoing-Project-With-Core-Scientific-to-Decentralize-Mining-Hardware%C2%A0" target="_blank" rel="noreferrer noopener nofollow">announcement</a>, the Proto team at Block is working on a modular mining platform centered around its ASIC mining chip to further its mission of democratizing Bitcoin mining. 
This innovative, integrated solution offers several advantages over current mining system designs, leading to increased productivity, dependability, and uptime in large-scale mining operations. 
It also prioritizes sustainability and compatibility by integrating with current infrastructure and encouraging the reuse of non-ASIC hardware stack components. It is made to reduce infrastructure requirements and maximize the use of space and operational resources within data centers like those run by Core Scientific. 
Thomas Templeton, Lead of the Proto team at Block, sees the agreement with Core Scientific as advancing mining industry decentralization, leveraging their expertise and infrastructure to create a tailored mining solution with Block’s ASICs. 
Russell Cann, Core Scientific’s Chief Development Officer, highlights their collaboration with Block to develop next-gen mining tech, supporting significant hashrate growth and offering expanded options for mining companies. They aim to redefine scaled Bitcoin mining for enhanced operational efficiency and Bitcoin Network sustainability. 
Proto’s mining program aims to enhance Bitcoin’s network resilience, decentralization, and transparency. They develop mining chips, systems, and software solutions like the Mining Development Kit (MDK), currently in beta, in collaboration with the mining community. 
The agreement with Core Scientific is a major advance for Proto’s mining chip program, aiming to decentralize mining by enabling customized solutions with Proto’s ASICs, reinforcing Block’s commitment to the bitcoin mining industry. 
Templeton emphasized their approach aims to foster innovation and expand the bitcoin mining hardware ecosystem, enabling diverse projects with their integrated hardware and mining chips. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/25/coreweave-signs-new-hosting-deal-with-core-scientific/" target="_blank" rel="noreferrer noopener">CoreWeave Signs New Hosting Deal with Core Scientific</a> 
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Block and Core Scientific Joins For New Bitcoin Mining ASICs

The Crypto Times

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