Today, Core Scientific and Block announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to democratize Bitcoin mining -Block to supply Core Scientific with ~15 EH/s of new 3 nanometer ASIC mining chips -Core Scientific is the... first large-scale miner to procure Block's new ASIC mining technology “We have worked closely with the team at Block to develop the next generation of mining technology that not only helps support our significant hashrate growth plans within our existing infrastructure, but also provides all mining companies with more miner options. Together, Block and Core Scientific are working to define a new paradigm for scaled Bitcoin mining, one designed to deliver important operational benefits while contributing to the longevity and vitality of the Bitcoin Network.” - $CORZ Chief Development Officer Russell Cann Read the full press release:show more

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@blocks The chip is not released yet, is this for end of 2025? What is the cost? How is it funded?

@blocks Exciting news. The asic market for highly specialised hardware for proof of work really needs some competition

@blocks It’s exciting to see such innovation that supports the security and continued democratization of the Bitcoin network 👏🏼🧡👏🏼

@blocks $SQ Block’s New Bitcoin Mining Chip to Be Part of an Ongoing Project With $CORZ Core Scientific to Decentralize Mining Hardware SUMMARY

@blocks When will these be available in machines we home miners can buy? I’d love to swap out my S19s for more efficient ASICs not sourced from China.

@blocks Now this sounds very interesting!

@blocks Now this is interesting 🧐 I hope this can help the whole miner industry as more collaborations should be installed and incorporated for a better profit return

@blocks Wow, this is massive

@blocks WoW Good