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THE MINING POD: Jack Dorsey's Proto Miner is Coming For Bitmain

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 8 September 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Block is most well known for its point of sale hardware. But now they are gunning for the bitcoin mining market. Welcome back to The Mining Pod! On today’s bonus edition, Perry Hothi from Block joins us to talk about Proto’s new ASIC miner, Rig. We dive deep into the technical specs, modular hashboard design, open-source mining software, and how Block plans to compete in a hardware market dominated by Bitmain. Perry explains Rig’s data center-inspired features and Block's broader Bitcoin ecosystem strategy. Notes: • 14.1 joules per hash efficiency rating • 12kW power consumption per unit • 96-124 chips per configuration • Swappable hashboard design • Single phase power that helps balance all three phases • Two fans per three hash boards design Timestamps: 00:00 Start 01:31 Specs: Jules per Terahash 05:18 Form Factor 12:03 Colorado Air Filter 13:05 Hashboard Swapping 17:28 Under clocking (operating range) 18:54 Block ecosystem 21:22 Competitors 23:42 Cleanspark 24:11 Next Gen 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. 👉 Colorado Air Filter, Leaders In Mining HVAC Solutions! Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com 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!

Transcript

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0:00.0

Perry, welcome back to the mining pod.

0:04.2

Been a little bit since you've been on like eight-ish months.

0:06.5

You guys announced the ASEC chip in Dallas around that time on the podcast.

0:11.2

And now we're here at the awesome cloud resort here in charge land.

0:17.6

Yeah, we're actually right in the clouds.

0:19.2

Yeah, we literally are.

0:20.3

It's a pretty cool resort. And you guys launched the new unit. So congrats to you and the team. It's been a long time coming. Yeah. You know, I, when people ask what you've been up to, I can finally tell them this is what it's been. It's, you know, it's been a while. But when you're building something different, not the same as everyone else.

0:37.9

It takes a little longer.

0:39.2

Yeah.

0:39.4

Really wanted to make sure we got it right, you know, looked at all the different aspects of what goes into a minor, the facilities, infrastructure, financing, like, everything.

0:47.5

And so, you know, this is like not just technical people, but like input from pretty much every department.

0:55.5

And then a lot of the miners, you know, the ops guys.

1:00.7

Like one of the nice things today was people have never mind or changed a fan had to walk into a hot aisle.

1:08.4

Yeah.

1:09.1

And I think as soon as they did, and I said, see why there's no fans on the back? It clicked. Right. Imagine having to go in there day and day out to change fans. Yeah. You don't want to do it. You don't want to send anyone else to do it, especially not in summer in Georgia, other than 60 degrees Celsius. I don't know if that is Fahrenheit heat coming out. And so it's little things like

1:28.0

that, right? Just making the mind is obviously more reliable, but easier to work on as well. Yeah. Yeah. So let's go through some of the specs, just to kind of table side a little bit. I think you guys had 14.1 joules per terahash on the low end is what you push it towards. correct if I'm wrong there

1:44.7

but you guys expected to like the average

1:46.2

to be like slightly higher than that in a production situation? So I mean, yes and no. And it's, you know, I want to make sure I answer the question, but I also. There's nuance here. The nuance. And part of it is that like you look at, you know, and I'll use Bitmain, not to pick on Bitmain, but everyone knows Bitmain. 80% of the market. So you look at the S-21, right? Or you look at the, you've got the S-21. There's usually an S-21 Pro, an S-21 XP, right? there's usually multiple models you know the 17 trees is a prime example t17 s17

2:18.7

s17

2:18.7

s17 pro 17 plus so we have one chassis yeah it's a modular design and the way we looked at it was

2:27.1

everyone has different power prices yeah for capital requirements and so there's different configurations

2:32.6

from the number of boards the type of boards um there's different configurations from the number of boards, the type of boards.

...

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