The company Fintech focused on Bitcoin Block Inc. has introduced a new cryptocurrency mining system designed to extend the life of mining platforms and a drop in operational costs-a potential increase for minors faced with high capital expenses to maintain installations.
At the center of the launch is Proto Rig, a modular system which replaces the traditional life cycle of three to five years of mining rigging with equipment designed to last a decade or more, announced Block on Thursday.
Instead of throwing whole units, minors can exchange individual hash as technology improves, potentially reducing upgrade costs up to 20% per cycle.
Block also made its Proto Fleet debut, an open source fleet management platform for large-scale mining operations.
The announcement is based on the recent block of block in the mining equipment. In April 2024, the company developed a Bitcoin extraction chip with 3 nanometers, and later that year, signed a supply agreement with Core Scientific.
Depending on Cointelegraph, Bitcoin extraction remains a high capital industry, professional quality platforms often cost more than $ 10,000 – without include substantial electricity required to manage them.
At current prices, mining companies produce more than $ 50 million Bitcoin (BTC) every day, although profitability ultimately depends on variables such as electricity costs, mining difficulty and material efficiency.
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Several mining companies have sought to increase income by reusing their infrastructure for other workloads, including high performance IT (HPC) and artificial intelligence. Others have chosen to keep their bitcoin extracted in anticipation of new price increases.
Before its acquisition, Core Scientific illustrated the way in which a bitcoin minor in difficulty could rotate artificial intelligence to rekindle his business. The company filed a bankruptcy request from Chapter 11 in 2022 during the lower market, then obtained a rescue buoy of $ 3.5 billion in Coreweave less than two years later.
In July, Coreweave acquired Core Scientific in a transaction of $ 9 billion.
Meanwhile, Hive Digital, a cryptocurrency minor, began to rotate in high performance IT and AI in 2022, HPC income appearing on his income statement the following year. Since then, the company has accelerated its push in these sectors while remaining optimistic about its Bitcoin extraction operations.
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