Block and Core Scientific Partner to Decentralize Bitcoin Mining with New ASIC Chips

  • Sergey Maga
  • 10 July, 2024 20:25
Block and Core Scientific Partner to Decentralize Bitcoin Mining with New ASIC Chips

Block, Inc. and Core Scientific have announced a partnership to decentralize bitcoin mining. Core Scientific will be the first to use Block’s new 3 nanometer (3nm) ASIC technology for large-scale mining. This collaboration aims to provide approximately 15 EH/s (exahashes per second) of hashrate, marking one of the industry’s largest bitcoin mining ASIC agreements by hashrate, according to Businesswire.

In line with its mission to democratize bitcoin mining, the Proto team at Block is developing a modular mining platform centered on its ASIC mining chip. This integrated solution offers improved efficiency, reliability, and uptime in large-scale mining operations. Designed to simplify infrastructure demands, the platform will optimize space and operational resources within data centers and promote sustainability by reusing non-ASIC hardware components.

Thomas Templeton, Lead of the Proto team at Block, highlighted the significance of the agreement in advancing mining industry decentralization. He emphasized Core Scientific’s operational excellence and advanced infrastructure, expressing excitement about creating a tailor-made mining solution with Block’s ASICs. *reference=

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