Block’s New Mining Rig Cuts Costs, Extends Lifespan

Block’s New Mining Rig Cuts Costs, Extends Lifespan
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Block Inc. has unveiled a new cryptocurrency mining system aimed at reducing costs and extending the lifespan of mining rigs. The Proto Rig and Proto Fleet could offer miners a competitive edge in an increasingly AI-driven industry.

  • Proto Rig replaces traditional mining rigs with a modular system lasting over a decade.
  • Miners can swap out hashboards instead of entire units, cutting upgrade costs by 20%.
  • The innovation targets capital-intensive mining amid rising AI integration.
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