In a post on Tuesday, Jack Dorsey confirmed that the global tech firm Block finished the development of its own standalone 3 nanometer (nm) bitcoin mining chip to develop a complete bitcoin mining system.
Announcement Of The Development
Jack Dorsey from the payments company Block, previously known as Square, announced that it is expanding its Bitcoin mining ambitions from designing chips to developing a complete Bitcoin mining system.
On Tuesday, a post was shared in which the Block announced that it had finished the development of its own privately owned 3 nm Bitcoin mining chip. It was now working through the design with a “leading global semiconductor foundry.”
The company also revealed plans to broaden the scope of its mining project to include system design.
Jack Dorsey said, “We’ve spent a significant amount of time talking to a wide variety of bitcoin miners to identify the challenges faced by mining operators,” Block writes. “Building on these insights
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