
Block seeks to decentralize Bitcoin mining (Article)
The payments company Block, founded by Jack Dorsey, has taken its Bitcoin mining project a step further. In addition to developing a 3nm chip, the company plans to offer a complete mining system of its own, with the aim of decentralizing hardware supply and hashrate distribution.
🖋️Block completes development of its 3nm Bitcoin mining chip.
🖋️Collaborate with a leading foundation to complete the design.
🖋️The company plans to offer both the standalone chip and a complete Bitcoin mining system.
🖋️Block seeks to overcome obstacles such as the limited availability and high cost of mining equipment.
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