Jack Dorsey’s Block Is Building a Bitcoin Mining System

Jack Dorsey’s Block Is Building a Bitcoin Mining System



Monetary companies agency Block, beforehand often known as Sq., is formally engaged in creating a brand new, open-source bitcoin mining system, CEO Jack Dorsey announced Thursday on Twitter, referencing a extra detailed thread on the venture’s aims by the corporate’s normal supervisor for {hardware}, Thomas Templeton.

“We need to make mining extra distributed and environment friendly in each manner, from shopping for, to arrange, to upkeep, to mining,” Templeton wrote. “We’re as a result of mining goes far past creating new bitcoin. We see it as a long-term want for a future that’s totally decentralized and permissionless.”



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