Jack Dorsey’s digital payments firm, Block, has successfully created a three-nanometer (nm) Bitcoin mining chip. Furthermore, they are working on constructing an all-encompassing mining system to support the decentralization effort.
we’re building a mining rig
— jack (@jack) April 23, 2024
This event highlights Block’s dedication to making it easier for more people to mine Bitcoin by increasing the availability of Bitcoin mining equipment and spreading out the computing power (hashrate).
Block has reached a noteworthy milestone by finishing the design of its three-nanometer (nm) bitcoin mining chip and is working with a worldwide semiconductor foundry to finalize production.
Before creating their chip using the latest five-nanometer technology, Block conducted a comprehensive assessment by the mining community on a prototype. Their goal is to provide miners with the required competitive performance in the evolving bitcoin mining market.
The firm intends to sell two types of products for cryptocurrency mining: individual mining chips and complete mining setups. By introducing a single mining chip, Block distinguishes itself as a distinctive, financially sound supplier in this industry.
Using Bitcoin mining, the business aims to broaden its understanding of supply chains, enhance its after-sales services, strengthen its system design skills, improve product and software creation abilities, and manage a vast number of over 40 million connected devices.
Naoise Irwin, Block’s Senior Product Lead for Mining Hardware, expressed, “Using our proficiency in product and software development, system engineering, supply chain management, and after-support services, which have resulted in shipping tens of millions of devices, we aim to create a distinctive and attractive bitcoin mining solution.”
Our #bitcoin mining project is thrilled to announce some fresh news: we’re getting our hands on a cutting-edge 3nm chip for manufacturing, and we’re designing a brand new mining system! We’d be grateful for any feedback you may have regarding the challenges and concerns with present mining hardware and software. Feel free to share your thoughts with us.
— Naoise Irwin (@naoise) April 23, 2024
The mining community is encouraged to share their insights and solutions for improving various aspects of our block’s pre-sale process. These areas include discovery, purchase experience, product dependability, upkeep, software enhancements, clarity, and post-sale assistance.
Mining operators and fans were invited to send Block with their ideas and comments.
Read More
Sorry. No data so far.
2024-04-23 21:08