Block is officially building an 'open Bitcoin mining system,' says founder Jack Dorsey
to tie its services together and to better represent the future of its business in cryptocurrencies and blockchain technologies. Now, Block's general manager for hardware, Templeton Thomas, has revealed more details on the company's initial discussions regarding the project. On Twitter, Thomas said that Block aims to"make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining.
The company also wants to build a reliable system that addresses current rigs' usual issues with heat dissipation and dust. Plus, Block is looking into striking the right balance between performance and other factors, such as making sure the rig is efficient while having low power consumption. Thomas said Block is also thinking of which partners to consider for the project and has already started building out a core engineering team to working on solutions and answer for all its questions.
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