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Block has achieved a major milestone in Bitcoin mining with its new three-nanometer (3nm) mining chip, a significant leap from its previous five-nanometer prototype. This new chip, completed at a leading global semiconductor foundry, promises enhanced efficiency and decentralization in Bitcoin mining, a crucial advancement as the industry enters the fifth mining epoch following the recent halving event. Block’s development is poised to reshape the competitive landscape, leveraging insights from its successful 5nm prototype that met all design benchmarks.
Expanding beyond just the mining chip, Block is now pioneering a comprehensive mining system. This initiative builds on their extensive expertise in product and software development, system engineering, and robust supply chain management. The new system aims to innovate hardware form factors and usage, addressing diverse miner needs. By engaging directly with the Bitcoin mining community and encouraging ongoing feedback, Block continues to refine its offerings, ensuring that its mining solutions meet the highest standards of reliability and performance.