Block Inc. has introduced a groundbreaking new modular cryptocurrency mining system that promises to significantly extend the lifespan of mining hardware and reduce operating costs, offering miners much-needed relief amidst market uncertainties. The Proto Rig, unveiled by Block at Core Scientific’s facility in Dalton, Georgia, aims to replace conventional three-to-five-year rig cycles with systems capable of lasting a decade or more. This innovative approach allows miners to simply swap out individual hashboards as technology advances, potentially saving up to 20% on upgrade costs per cycle. 💰 The launch also marks Block’s latest push into the mining hardware market, after developing a high-performance 3-nanometer Bitcoin mining chip and securing a supply agreement with Core Scientific in April 2024. 💻. The company has also released Proto Fleet, an open-source fleet management platform designed for large-scale operations. This move comes at a crucial time for miners facing the pressure of high capital expenses and volatile market economics. 📈