Payments Giant Block to Build Open-Source Bitcoin Mining System

Block, previously often called funds firm Square, goes forward with its plan to construct an open-source bitcoin mining system, according to a Tweet from Thomas Templeton, Block’s normal manager for {hardware}.

  • “We want to make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining,” Templeton tweeted.
  • He additionally tweeted the corporate is open to creating new ASICs (specialised bitcoin mining computer systems), and has began evaluating varied IP blocks, open-source miner firmware and different system software program choices.
  • Block has began hiring to construct out a core engineering staff.
  • Previously, Block CEO Jack Dorsey tweeted on Oct. 15 that the corporate was planning to construct a mining system primarily based on customized silicon and open supply for people and companies worldwide.
  • Dorsey has been an enthusiastic supporter of bitcoin, believing the cryptocurrency has nice potential.


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