Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System
Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Block Is Working On Bitcoin Mining Thomas Templeton, Block’s general manager for hardware, set out the company’s next moves in a series of tweets. “From buying, to set up, to maintenance, to mining,”....
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In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.”
The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That Is Fully Decentralized and Permissionless’
Jack Dorsey and the Block’s hardware general manager Tom Templeton discussed the company’s focus on bitcoin mining this week.....
Holding true to their promises made last year, Block (formerly Square) plans to develop open-source Bitcoin mining systems and hardware wallets in 2022. In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.The two roles are based in the Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours. For the role of the custom digital design lead, the candidate will help “silicon....
Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip.
Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. American finserv Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey.Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He said:“Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more....
The financial services company has started sketching some plans for solving the industry’s most pressing pain points.