BlockThe company is a global leader in technology, with a focus on financial Today, services revealed significant developments in its Bitcoin mining project. The company successfully developed their 3-nanometer (nm), bitcoin mining chips and are now working with the leading global foundry to manufacture the chip. Block says that this milestone is a major step in its efforts to decentralize bitcoin mining hardware supply and to effectively distribute hashrate. announcement.
Just in: Jack Dorsey & Block "developing a full #bitcoin mining system." 👀 pic.twitter.com/zfByRI8G1T
— Bitcoin Magazine (@BitcoinMagazine) April 23, 2024
Block announced that in addition to chip development they are also developing a complete system. “bitcoin mining system”The company said it welcomes input from the bitcoin mining community to enhance the system’s design and functionality. The company stated that it would welcome input from the Bitcoin mining community in order to improve the design and functionality of the system.
“We’re building a mining rig,” Jack Dorsey is the CEO of Block. stated.
PreviouslyBlock’s foundry partner gave positive feedback on its five-nanometer prototype mining chip, achieving its design goal and teaching it valuable lessons. Since then, Block has been working on its three-nanometer chip design, the company said.
Now, with the successful completion of the three-nanometer chip design, Block says the chip showcases competitive performance by utilizing the most advanced semiconductor process currently available, ensuring mining operators of all types can “thrive” Bitcoin has now entered its fifth mining phase, following the fourth halving in the block subsidy.
Block’s plan to sell both a standalone chip for mining and an entire mining system shows its commitment to decentralization. Block claims that its standalone mining chip makes it the only well-capitalized large mining hardware provider with such a product, encouraging innovation in the industry.
The company is seeking further feedback and insights from the mining industry on issues related to pre-sale discovery, buying processes, reliability and maintenance, software functions, transparency and after-sale service.
Block asked mining operators and enthusiasts to send their feedback and thoughts by emailing them at: mining@block.xyz.
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Source: bitcoinmagazine.com
