Jack Dorsey's Block launches modular, upgradeable Bitcoin mining machine

Jack Dorsey's company #Block has launched a new Bitcoin mining machine called Proto Rig, featuring a unique modular design aimed at addressing cost and longevity issues. Instead of having to replace the entire machine, users can upgrade individual components like the hashboard, reducing upgrade costs by 15-20%.

Increased longevity and reduced costs

According to Block, Proto Rig has a lifespan of up to 10 years, far exceeding the typical lifespan of current mining machines (3-5 years). Dorsey's goal is to make Bitcoin mining more sustainable and decentralized.

This new product comes at a time when Bitcoin mining is becoming increasingly difficult and expensive, especially after last year's halving which cut the rewards for miners in half.

Jack Dorsey's vision for Bitcoin

Jack Dorsey is a strong advocate for Bitcoin. He sees Bitcoin as the currency of the future and has promoted many related initiatives through his companies. In addition to Proto Rig, other companies of Block such as #Square and Cash App have also launched Bitcoin products, including the Bitkey hardware wallet and enabling stores to accept payments in Bitcoin.

Block's move reflects Jack Dorsey's focus on developing Bitcoin infrastructure, aiming to create a more robust and sustainable ecosystem. #anh_ba_cong