Jack Dorseys Payments Company officially builds an open Bitcoin on Mining System ' - Mining Bitcoin messages

in mid-October 2021 announced Twitter founder Jack Dorsey that the payment company is considering Block Inc. (formerly Square) to join the Bitcoin mining industry. Three months later, Dorsey tweeted that his company "officially builds an open Bitcoin mining system".

The Hardware General Manager of the Block: "We see Bitcoin mining as a long -term need for a fully decentralized and free -free future"

Jack Dorsey and Tom Templeton, General Manager Hardware des Blocks The company's focus is on the Bitcoin mining this week. Templeton explained that the block indicated three months ago, to build a Bitcoin mining system, and the company ultimately decided in the field to get in.

Templeton insists that the goal is to make the mining "more distributed and efficient in every respect", and this includes maintenance, purchases and furnishings. "We are interested because mining goes far beyond the creation of new bitcoins. We see it a long -term necessity for a fully decentralized and permitted future," said Templeton tweeted .

Some of the problematic problems with which people deal with Bitcoin mining are things like the availability of mining rigs, the reliability and performance of machines. "Some mining facilities generate unwanted upper vibrations in the power grid," said Templeton. "They are also very loud, which makes them too loud for home use."

Templeton added that the company had evaluated a number of "IP blocks, open source miner firmware and other system software offers.

In addition, the Hardware team from Block builds a crew of designers for application-specific integrated circuits (ASIC) and software. In addition, Templeton found that the company also stops electrical engineers, analog designers and layout engineers.

Data of January 16, 2022 show that there are only a handful of ASIC-Bitcoin mining rigs today, including Bitmain, Ebang, Canaan, Microbt, Innosilicon, Ipollo and Strongu. The one of today top machines , with regard to the profit per day and the SHA256-terahash performance, are made by Bitmain, Ipollo, Microbt and Canaan.

A single Bitmain Antminer S19 Pro (100 Th/S) can cost between $ 10,000 and $ 15,000 per unit. This machine, especially with today's Bitcoin Change courses and $ 0.1 per kilowatt hour of electricity will win estimated $ 16,23 a day Generate.

What do you think that Jack Dorsey's payment company The Block gets into the Bitcoin mining? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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