Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.
Jack Dorsey, CEO of Block, has announced the completion of an advanced Bitcoin mining chip, setting the stage for the launch of a comprehensive Bitcoin mining system.
The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.
Jack Dorsey's Block has completed its Bitcoin mining chip development, aiming to decentralize mining hardware supply and improve performance. The post Jack Dorsey's Block completes development of 3nm Bitcoin mining chip, now targets full mining system appeared first on Crypto Briefing.
Block says it aims to unlock innovation and support the development of new mining system form factors and use cases.
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