SQ - Jack Dorsey Wants To Make Bitcoin Mining As Easy As Plugging In A Lamp: Here's How | Benzinga
Payments giant Block (NYSE:SQ) announced the company is no longer just designing cutting-edge mining chips, but also venturing into developing a complete Bitcoin (CRYPTO: BTC) mining system.
What Happened: In a post on Tuesday, the firm revealed the completion of a new three-nanometer Bitcoin mining chip, marking a significant step from merely designing chips to developing a comprehensive bitcoin mining system.
During a recent announcement, Block stated it had collaborated with a “leading global semiconductor foundry” to finalize the chip, now moving towards more expansive system design.
According to Block, this initiative aims to democratize Bitcoin mining by making it more accessible and straightforward.
“Bitcoin mining should be as easy as plugging a rig into a power source,” Jack Dorsey, the company’s co-founder had said ...