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Home Crypto

Block is building an open bitcoin mining system according to CEO Jack Dorsey

In October, Dorsey said that Block was considering building a bitcoin mining system and now it is becoming a reality.

by Kerem Gülen
14/01/2022
in Crypto
Reading Time: 1 min read
Block is building an open bitcoin mining system according to CEO Jack Dorsey
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Jack Dorsey, the CEO of Block Inc, announced on Twitter that his firm is developing an open bitcoin mining system. The firm formerly known as Square has set its sights on new technologies like blockchain in order to diversify beyond its payment business.

Jack Dorsey’s Block is going to build an open bitcoin mining system

We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48

— jack⚡️ (@jack) January 13, 2022

In October, Dorsey said that Block was considering building a bitcoin mining system:

“Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.”

Block is building an open bitcoin mining system according to CEO Jack Dorsey
In October, Dorsey said that Block was considering building a bitcoin mining system.

On Thursday, Block’s general manager for hardware, Thomas Templeton, outlined the company’s plans for creating the mining system in a tweet thread.

See also:
Jack Dorsey to launch Bitcoin Legal Defense Fund

In October we announced that we’re considering building a bitcoin mining system, out in the open & alongside the community, and we’ve decided…we’re doing it! We thought we’d share some more details on how our initial discussions are going and where we’re headed next. https://t.co/wURxEKBpJ5

— Thomas Templeton (@TempletonThomas) January 13, 2022

Tags: bitcoinblockcryptocryptocurrencyjack dorseyminingsquare

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