Jack Dorsey’s Block, formerly known as Square, is actively pursuing plans to build an open Bitcoin mining system. The news was first tweeted by Thomas Templeton, general manager for hardware, which was later confirmed by Dorsey on Twitter.
We’re officially building an open bitcoin mining system https://t.co/PaNc7gXS48
— jack (@jack) January 13, 2022
Jack Dorsey’s Block is building an open Bitcoin mining system
In a comprehensive Twitter thread, Thomas Templeton explained the company’s plan of building an open Bitcoin mining system.
According to Templeton, the emphasis will be laid on creating new Bitcoin by solving increasingly complex computational problems in a “distributed and efficient way.” He later added that the company is viewing this project as a long-term need for a future that will be “decentralized and permissionless.”
We want to make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining. We’re intere
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