Close Menu
maincoin.money
    What's Hot

    Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

    October 20, 2025

    Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

    October 20, 2025

    NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

    October 20, 2025
    Facebook X (Twitter) Instagram
    maincoin.money
    • Home
    • Altcoins
    • Markets
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
      • Regulation
    Facebook X (Twitter) Instagram
    maincoin.money
    Home»Ethereum»Jack Dorsey’s Block Reveals Modular Bitcoin Mining Rigs That Can Be Upgraded
    Ethereum

    Jack Dorsey’s Block Reveals Modular Bitcoin Mining Rigs That Can Be Upgraded

    Ethan CarterBy Ethan CarterAugust 15, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Decrypt logo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In brief

    • Jack Dorsey’s Block has released a new Bitcoin mining rig, aiming to disrupt the market.
    • The machine is supposed to cut costs for miners because it has swappable parts.
    • Dorsey is an outspoken Bitcoin advocate who has pursued numerous BTC initiatives.

    Jack Dorsey’s fintech Block has released its latest Bitcoin product: a long-lasting mining rig with swappable parts, which will enable miners to cut costs on repairing and replacing the high-powered computing devices. 

    Announcing the product Thursday, Block said the machine, dubbed Proto Rig, will last 10 years instead of the typical three-to-five-year lifespan. Proto Rig’s design means that engineers can upgrade individual parts of the machine—like hashboards—without buying a new rig entirely. Block said that the new rig would cut costs for miners by 15-20% each upgrade cycle.

    “Machines break often, are hard to repair, expensive and time-consuming to upgrade, and don’t make the most efficient use of power or space,” Thomas Templeton, hardware lead at Block, said in a statement. “With Rig, we set out to change all of that—and contribute to hardware decentralization in the process.”

    Today marks the end of rip and replace Bitcoin mining. Proto Rig—the first miner built to be infrastructure.

    • Replaceable hashboards
    • Save 15–20% with each cycle
    • Works with legacy facilities setups

    Built by the team at Block to improve uptime for miners and decentralize… pic.twitter.com/8qAgntl3DF

    — Proto (@protomining) August 14, 2025

    The new product comes as the cost of mining has increased and the rewards for verifying transactions on the blockchain have become more difficult to earn. Last year’s halving cut the payoff for miners to 3.125 BTC from 6.25 BTC. Mining is notoriously difficult and energy consuming, with industrial miners running warehouses full of mining rigs. 

    In its most recent quarter, MARA Holdings, the world’s largest company in the category by BTC mined, reported a 505% increase in net income, and other miners reported strong results—but these companies have benefited from the price gains of their Bitcoin holdings. The underlying challenges they face are likely to continue, experts say, and a number of these firms have already pivoted their resources toward AI; or in the case of BitMine Immersion and Bit Digital, become Ethereum treasuries.

    U.S. President Donald Trump has said that he wants all future Bitcoin minted in the States—a likely impossible task. 

    Many mining machines are made in China, but Dorsey has said he wants to change that by producing them in the U.S.

    Dorsey, who founded Twitter (now X) before leaving in 2021 to focus his efforts on payments and Bitcoin adoption, has said he wants the virtual coin to be the global currency. He has also described Satoshi Nakamoto’s Bitcoin white paper as “poetry.”

    Block’s other companies—like Square and Cash App—have released Bitcoin products, including a crypto hardware wallet, Bitkey. Square’s payment terminals also allow merchants to accept Bitcoin payments, though that feature is still rolling out broadly.

    Block’s stock (NYSE: XYZ) was trading about 1% lower on Thursday, according to Yahoo Finance. The company, which joined the S&P 500 in July, is up more than 10% over the past month but down over 12% year-to-date.  

    Bitcoin was recently trading at about $118,200, down nearly 3% over the past 24 hours after hitting a new all-time high mark above $124,000 on Wednesday. The largest cryptocurrency by market cap has risen more than 25% since the start of 2025.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

    Bitcoin Block Dorseys Jack Mining Modular Reveals Rigs Upgraded
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar photo
    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

      Related Posts

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      October 20, 2025

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      October 20, 2025

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      October 20, 2025
      Markets

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      By Ethan CarterOctober 20, 20250

      While Bitcoin remains at the forefront of institutional interest as a key digital asset, recent…

      Bitcoin

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      By Ethan CarterOctober 20, 20250

      Bitcoin is currently priced around $107,000 following a recent flash crash. While it has stabilized…

      Ethereum

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      By Ethan CarterOctober 20, 20250

      Former New York governor Andrew Cuomo is reportedly making significant investments in crypto and AI…

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      By Ethan CarterOctober 20, 20250

      Former New York Governor Andrew Cuomo is reportedly placing significant bets on crypto and AI…

      Recent Posts
      • Study Reveals Adding Just 5% in Solana Can Enhance Portfolios
      • Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged
      • NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub
      • NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub
      • Bitcoin’s Unexpected Split from Nasdaq Caught Everyone off Guard

      At MainCoin.Money, we cover everything from Bitcoin and Ethereum to the latest trends in Altcoins, DeFi, NFTs, blockchain technology, market movements, and global crypto regulations.

      Whether you’re a seasoned investor, a blockchain developer, or just curious about digital assets, our mission is to make crypto news accessible and reliable for everyone.

      Facebook X (Twitter) Instagram Pinterest YouTube
      Top Insights

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      October 20, 2025

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      October 20, 2025

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      October 20, 2025
      Get Informed

      Subscribe to Updates

      Get the latest creative news from FooBar about art, design and business.

      Facebook X (Twitter) Instagram Pinterest
      • About Us
      • Contact us
      • Privacy Policy
      • Disclaimer
      • Terms and Conditions
      © 2025 maincoin.money. All rights reserved.

      Type above and press Enter to search. Press Esc to cancel.