Block, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin mining chip and is now in the final stages of producing the design with a leading global semiconductor foundry. This achievement marks a crucial milestone in Block’s mission to decentralize the supply of bitcoin mining hardware and distribute hashrate effectively, according to the announcement.
JUST IN: Jack Dorsey and Block are “developing a full #bitcoin mining system.” 👀 pic.twitter.com/zfByRI8G1T
— Bitcoin Magazine (@BitcoinMagazine) April 23, 2024
In addition to the chip development, Block also announced the development of a full “bitcoin mining system”, aiming to address challenges faced by mining operators and support mining decentralization. The company said it welcomes input from the bitcoin mining community to enhanc
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