Former Twitter CEO Jack Dorsey confirmed in a statement that his company, Block, will launch an open-source bitcoin mining system.
Jack Dorsey stated in a tweet on October 15, 2021 that Block (formerly Square) is considering developing an open-source bitcoin mining system. The other day, an executive from the Block announced that they had implemented this idea on their Twitter account.
Following the announcement, Jack Dorsey “officially” confirmed the development by quoting this post, stating that Block is developing an open-source bitcoin mining system. has confirmed.
Thomas Templeton’s posts “We want to make bitcoin mining more distributed and efficient.” made statements. Templeton continued his statements by saying that they care about this issue, as Bitcoin mining is a future-oriented investment, it means much more than producing Bitcoin.
Stating that they focused on the difficulties experienced by the customers and technical problems in their study, Templeton stated that they first addressed these problems within the scope of “convenience”:
“For most people, mining gear is difficult to find. Devices are expensive and the delivery process can be demanding. How can we ensure that anyone can easily buy a mining rig?”
Secondly, “durabilityAddressing this problem, Templeton:
“The common issues we hear with current systems are heat dissipation and dust. We also see systems that become dysfunctional almost every day. This brings along time-consuming processes. We want to build something that works. What can we do to make this a reality?”
dealt with the explanations.
Thirdly, “performanceEvaluating “Templeton, some mining systems have high and unstable electricity consumption and also stated that they are noisy. of these situations He said that it prevents home use. He stated that they are looking for the answer of how they can achieve this balance.
Stating that they still continue their work and have learned a lot from what they have questioned and researched in the current situation, Block official Thomas Templeton said that the public’s opinion on different ideas “miningsystem (at) block (dot) xyzHe ended his statements by saying that he could reach them at the address.