Jack Dorsey’s Block Announces Mining Development Kit For Novel Bitcoin Mining Use Cases
The development kit is envisioned as having multiple components that would enable increase the accessibility and openness of bitcoin mining hardware.Jack Dorsey’s Block has posted a new blog that details the Mining Devel...
The development kit is envisioned as having multiple components that would enable increase the accessibility and openness of bitcoin mining hardware.
Jack Dorsey’s Block has posted a new blog that details the Mining Development Kit, a new project that would seemingly replicate the Lightning Development Kit and Bitcoin Development Kit projects, providing developers access to bitcoin mining projects focused on integrating bitcoin mining into various novel use cases.
The blog also describes how the company has started developing their own bitcoin mining semiconductor chips, saying that “These purpose-built application specific integrated circuits (ASICs) are the leading way bitcoin is mined today and will serve as the foundation for a full suite of bitcoin mining products intended to increase the pace of innovation in bitcoin mining.”
Block then says it is considering building the MDK, and they are seeking further feedback from the community. The MDK as Block “currently envisions it” would have four components:
- A “powerful, reliable, industrial-grade” bitcoin mining hashboard.
- A custom controller board designed to work with the hashboard.
- Open-source firmware, a software API and a web front-end, that would allow developers to modify the key performance parameters of the hashboard.
- And extensive reference materials and support documentation “to facilitate easy customization of the hashboard.”
“The intention behind the MDK is to provide developers with a suite of tools to help unlock creativity and innovation in bitcoin mining hardware,” describes the blog. “With the MDK, we see a significant opportunity to increase the accessibility and openness of bitcoin mining hardware, in order to accelerate innovation in the field.”
Block's Bitcoin Hardware Lead Thomas Templeton said that "We want this product to really be inspired by the developers' feedback and that’s one of the reasons why we are looking for input to help shape what the MDK will be, identify pain points that the community is finding and make them better. If we can get meaningful input on these ideas to make bitcoin mining more open and accessible via products like a mining development kit, we believe that the bitcoin ecosystem — and Block — will both benefit."
The post ends with a promise of future updates in the coming weeks and months, and a call to action for feedback that can be directed to [email protected].
Original source
Read on Bitcoin MagazineRelated market context
Solana Foundation partners with Alatau City to boost Kazakhstan’s blockchain innovation ecosystem
Kazakhstan's strategic focus on blockchain innovation could position it as a leading tech hub in Central Asia, fostering economic...
SEC targets 20-year-old rule standing between Wall Street and blockchain trading
The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two dec...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
TL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost m...
Blockworks Acquires Messari in Deal Highlighting Crypto’s Data Consolidation Race
Bitcoin Magazine Blockworks Acquires Messari in Deal Highlighting Crypto’s Data Consolidation Race Blockworks, the New York-based...
Over 60 crypto CEOs rally behind BRCA in push to protect non-custodial developers
The BRCA's passage could significantly boost innovation in the US crypto sector by providing legal clarity for non-custodial devel...