THE MINING POD: Block’s New ASIC Miner With Core Scientific and Proto

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4.7 • 698 Ratings

🗓️ 3 December 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jack Dorsey’s Block is making a new Bitcoin ASIC, including a custom shipment of chips to Core Scientific. We dig into the new unit on an exclusive show with the team! Welcome back to the Mining Pod! On today’s show, we have an exclusive with Proto and Core Scientific, who recently announced a collaboration on a new ASIC chip design. Core Scientific–one of the largest Bitcoin miners in the world–will be buying 15 EH/s of chips to make custom units. Meanwhile, Proto will be working on selling more chips and a custom form factor of its own. Timestamps: 00:00 Start 03:20 Building hardware at Argo 03:48 Proto miner 05:36 Proto tools development 06:29 Intel chips 08:59 Why is Core Scientific interested in ASIC creation 13:34 Collaboration vs competition 16:06 Interacting with Bitcoin needs to be easier 17:59 Geopolitics 19:54 Having US built ASICs 22:33 Have ASICs gotten better? 25:01 Repairs 27:26 Upgrading rigs 30:09 Form factor changes 35:51 AI & mining 45:36 Is AI driving site design? 50:50 15 exahash or bust? 52:34 EPIC collaboration 56:50 Launch date? 57:28 Open market sales eventually? Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hey, welcome back to the mining pot. On today's show, we're joined by Core Scientific and Proto.
0:04.5	Proto is a subdivision or an entity of Block, Jack Dorsey's bank, has a lot of Bitcoin focuses.
0:11.3	You might remember from last July where there was a press release from Core Scientific talking about them working with Proto and going to put out 15X a hash of new Bitcoin A6 based on Proto's new chip design.
0:22.9	Well, we got them here first.
0:24.7	Nice little exclusive on the mining pod.
0:26.3	Thank you to Proto and Core Scientific for making it possible.
0:29.1	In this show, we talk about Core Scientific's ambitions with this miner, how Proto is designing
0:34.7	the chips and the system entirely for different mining specific implementations
0:40.6	and also just like where this project is going to go over the next few years, who they want to
0:45.3	work with, why they want to work on this project, what's the ambitions for the proto side.
0:49.9	Thank you again to both of them for making this possible and thank you to Lee Bratcher and
0:53.0	the Texas Blockchain Council for also making this show possible. Be sure to go check out the North American
0:58.9	Blockchain Summit videos on YouTube. Okay, first to work from our sponsors and then we'll jump
1:03.8	right into the show. Are you retail or institutional investor interested in Bitcoin mining
1:07.5	companies? The miner mag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations to know who stands out. Check out visualized metrics
1:15.7	and data-dependent stories at theminermag.com. Thanks for listening to The Mining Pod. Want more?
1:21.8	Subscribe to our main feed on Apple, Spotify, YouTube, or wherever else you get your podcast for another
1:27.2	weekly show on Bitcoin stocks.
1:29.1	And check out our newsletter at miningpod.blocspace.media today.
1:33.7	Welcome back to the mining pod. We are doing a live show from Dallas, not in Austin.
1:39.0	I think I'm normally in Austin for live shows.
1:41.3	We got three gentlemen to talk about the new proto miner.
	...

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