Block, previously often known as 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 basic supervisor for {hardware}.
In October we introduced that we’re contemplating constructing a bitcoin mining system, out within the open & alongside the group, and we’ve determined…we’re doing it! We thought we’d share some extra particulars on how our preliminary discussions are going and the place we’re headed subsequent. https://t.co/wURxEKBpJ5
— Thomas Templeton (@TempletonThomas) January 13, 2022
- “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 making 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 workforce.
- Previously, Block CEO Jack Dorsey tweeted on Oct. 15 that the corporate was planning to construct a mining system based mostly on customized silicon and open supply for people and companies worldwide.
- Dorsey has been an enthusiastic supporter of bitcoin, believing that the cryptocurrency has nice potential.
