The development of a three-nanometer chip led Block to call for feedback from crypto miners as the firm planned to launch a Bitcoin mining system.
The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.it had completed development of a three-nanometer chip used for BTC mining, which led to the firm announcing a “full Bitcoin mining system.” Block — then Square — CEO Jack Dorsey“We’ve spent a significant amount of time talking to a wide variety of bitcoin miners to identify the challenges faced by mining operators,” said Block.
The Bitcoin halving on April 19 cut the block reward for miners from 6.25 BTC to 3.125 BTC. The event will likely
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Jack Dorsey’s Block Is Building a Bitcoin Mining SystemHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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