Block Inc Requests Input From Users For its Mining Development Kit

Block Inc., a payments company is furthering its hold in the crypto mining industry with plans to develop a do-it-yourself Mining Development Kit (MDK).

According to an official blog post on March 7, the mining hardware provides developers with a suite of tools that provide access to Bitcoin (BTC) mining projects focused on integrating bitcoin mining into various novel use cases and promoting creativity and innovation in the BTC mining subsector. 

Block Inc’s Toolkit to Enhance Creativity

Block’s Mining Development Kit comprises four major components including a strong bitcoin mining hashboard compatible with the firm’s control board and a well-designed controller board compatible with the hashboard. Interestingly the MDK will also include an open-source firmware that allows users to modify the performance parameters of the hashboard and finally an extensive amount of source documents for easy customization of the BTC mining hashboard. 

To fulfill its goal of providing developers with a comprehensive mining toolkit, the firm has requested feedback and input from individual users on their required features including the cost of the mining hardware, the power requirements as well as the connection.

The idea of an open-source mining system based on custom silicon was first shared by Jack Patrick Dorsey, co-founder, principal executive officer, and chairperson of Block in an earlier tweet in 2021.

According to the CEO, after receiving overwhelming support from the community it proceeded with the development of its own bitcoin mining semiconductor chips. The internet entrepreneur believes that mining BTC should be as easy as plugging a rig into a power source.

Meanwhile, in its fourth-quarter report, the American multinational firm posted $1.83 billion in its bitcoin revenue. The figure represented a 7% fall from the same period in the previous year. The company also posted a net loss of $114 million in its Q4 report. The firm attributed the decline in both its bitcoin revenue and gross profit to the fall in market prices of bitcoin.