You don't want potting mix for starting seeds, you want a germination mix.
Also, from what read and seen you don't want your blocks to dry out if the medium dries out it will fall apart.
You could use;
Pro-Mix FPO it only come in 3.8 cuft bags but is designed for plug seed germination and is very fine in texture.
Johnny's 512 mix (what Johnny seeds recommends).
You can mix you own also, Penn State recommended;
30 qts brown peat (standard peat moss)
20 qts coarse sand or horticulture grade perlite
20 qts well-decomposed compost
1 qt garden soil
1/2 cup lime
3 cups base fertilizer (equal parts blood meal, colloidal phosphate, and greensand)
Moisten the mix thoroughly using 1 part tepid water for every 3 parts blocking mix. Successful soil-block making depends on the mix being wet enough. The mix should have the consistency of soft putty or wet cement, so that a small amount of water oozes through small openings in the blocker as the blocks are made, and the individual blocks cling to the blocker until you are ready to release them.