Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
Publishing timestamp: 2024-04-23 17:02:39
Summary
Block, the payments company led by Jack Dorsey, is expanding its bitcoin mining ambitions by developing its own three-nanometer bitcoin mining chip and working on a full mining system. The goal is to democratize access to bitcoin mining and decentralize the supply of mining hardware. This announcement comes after the most recent bitcoin halving, with the company aiming to make the mining process more accessible and distributed for a fully decentralized and permissionless future.
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Keywords: breaking news: technology, cryptocurrency, business news, energy, bitcoin/usd coin metrics, bitcoin, technology, fintech,
Source: https://www.cnbc.com/2024/04/23/block-formerly-square-building-its-own-bitcoin-mining-system.html