Jack Dorsey's Block completes development of 3nm Bitcoin mining chip
https://cryptobriefing.com/block-3nm-bitcoin-chip/
> The announcement follows the prior development and testing of a five-nanometer (5nm) mining chip prototype. The new 3nm chip is designed to deliver high performance, necessary for mining operators to remain competitive in the current and future mining epochs, particularly after the recent fourth halving. For the next stage, Block plans to offer a standalone mining chip, positioning itself as a unique, well-capitalized hardware vendor in the mining industry. The company is in the final stages of a full tapeout of the chip design, collaborating with a leading global semiconductor foundry to finalize the product. Building on the development of its Bitcoin mining chip, Block is also working on a full mining system. The company aims to leverage its expertise in product and software development, system engineering, supply chain management, and aftermarket support, to build the system. These developments are part of the company’s broader goal to decentralize the supply of mining hardware and the distribution of mining power across the industry.
Jack Dorsey revealed plans to build a Bitcoin mining system in 2021, even before his departure from Twitter’s board of directors in May 2022. At the time, he expected the system to be based on custom silicon and open-source so it could be used worldwide by individuals and businesses.
Prices of Bitcoin Runes dip two days after launch
> This week was supposed to be the moment that fungible tokens on Bitcoin rocketed to prominence. Although some fungible tokens like the billion-dollar ORDI have gained modest popularity using standards like BRC-20 and STAMPS’ SRC-20, a brand new protocol was supposed to supersede these expensive, slow, and data-intensive standards. On April 20, the day of the Bitcoin halving, Ordinals founder Casey Rodarmor launched his next-generation fungible token protocol, Runes. Hundreds of thousands of wallets minted new Runes, paying all-time high Bitcoin transaction fees. Runes promised to be a more professional, less expensive, faster, and more seamless protocol for launching altcoins on Bitcoin. Rodarmor coded Runes because, in his words, “Fungible tokens are 99.9% scams and memes. However, they don’t appear to be going away any time soon.” In short, Rodarmor launched Runes to bring meme coins to Bitcoin. When the halving occurred late Friday night, many fans of Rodarmor were busy working instead of celebrating. Many speculators wanted to mint a Rune within the first block of Bitcoin’s halving, paying astronomical fees alongside other users bidding for inclusion in that historically important block. All told, Bitcoin speculators paid $2.4 million dollars to miners to store less than 4MB of transaction data within Bitcoin’s 840,000th block. Two days later, many Runes prices have already started cratering. Five of the top eight Runes listed on Unisat have declined over the past 24 hours along with 27 of the top 40 on OKX.
Python - All Algorithms implemented in Python
