Dorsey’s Block Ventures Into Full Bitcoin Mining System

Block developed three-nanometer chips necessary for mining

The firm “Block” led by Jack Dorsey, recently announced its intention to develop a full Bitcoin mining system. In its announcement, Block revealed that it has completed the development of a three-nanometer chip specifically designed for Bitcoin mining. This achievement marks a significant step forward in the company's efforts to advance the field of Bitcoin mining. Block, formerly known as Square, under the leadership of CEO Jack Dorsey, has long been committed to decentralizing Bitcoin mining.

The payment firm Block is addressing the challenges mining operators face in developing a comprehensive Bitcoin mining system. The company stated that it engaged with various types of Bitcoin miners to identify the challenges that they face in spending considerable time understanding their perspectives. Based on these insights and in alignment with their goal of supporting mining decentralization. Block plans to introduce its full mining system design featuring a standalone mining chip.

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