Partnership Between Block and Core Scientific
In collaboration with ePIC Blockchain Technologies, the Proto team co-created the modular platform to ensure harmony with Core Scientific’s infrastructure. Earl Mai, CTO of ePIC Blockchain Technologies, underscored the partnership’s mission to transform efficiency and reliability in large-scale operations.
Source: bitcoinmagazine.com
Proto’s primary aim is to enhance the decentralization, transparency, and resilience of the Bitcoin network. This is achieved through open and transparent development of mining chips, systems, and software solutions, including the Mining Development Kit (MDK), which is currently being tested in beta. The partnership with Core Scientific represents a stride toward decentralizing mining by empowering third parties to create customized solutions utilizing Proto’s mining chips.
Progressing Mining Technology and Decentralization
For additional information about Block’s partnership with Core Scientific, visit mining.build.
The Proto team has engineered a modular mining platform centered around their ASIC chip to improve efficiency, reliability, and operational uptime. A recent press release to Bitcoin Magazine indicated that this initiative seeks to streamline infrastructure requirements and optimize resource usage in data centers, prioritizing sustainability by integrating with current systems.
Core Scientific, a frontrunner in Bitcoin mining, is now the first to apply Block’s innovative ASIC technology in their operations. These 3nm chips, boasting about 15 EH/s (exahashes per second) of hashrate, signify one of the most noteworthy agreements in the sector by hashrate volume.
Our close collaboration with the Block team has led to the development of next-generation mining technology that not only bolsters our significant hashrate expansion objectives within our existing framework but also offers all mining firms more options in miners, explained Russell Cann, Chief Development Officer of Core Scientific. Together, Block and Core Scientific are redefining a new model for scaled bitcoin mining, designed to deliver critical operational advantages while bolstering the longevity and robustness of the Bitcoin Network.
This partnership exemplifies our vision for how our mining products can propel the evolution and decentralization of the mining industry, stated Thomas Templeton, lead of Block’s Proto team. Core Scientific is renowned for its high benchmarks of operational excellence, state-of-the-art infrastructure, and in-depth mining expertise. We are thrilled to pioneer advancements by collaborating with a top mining operator to create a distinctive, customized mining solution utilizing our ASICs.
Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have unveiled a fresh partnership aimed at enhancing the decentralization of mining hardware. This joint effort brings Block’s pioneering 3 nanometer (3nm) mining ASICs, developed by their Proto team, into Core Scientific’s extensive mining operations.
By merging Block’s state-of-the-art ASIC chips with a focus on integration within Core Scientific’s sophisticated infrastructure, we are poised to deliver a modular mining platform that surpasses existing expectations for efficiency and reliability in large-scale operations, Mai stated.
