Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
by CNBC
CNBC— The company, formerly known as Square, now building a full bitcoin mining system.
Bitcoin News—Jack Dorsey's Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig – Mining Bitcoin News. On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from the initially planned 5-nanometer (nm) process to an […]
Bitcoin News—In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286 – Mining Bitcoin News. While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging, with the network’s difficulty reaching an all-time high of 88.10 trillion. This complexity, coupled […]
Bitcoinist.com—Jack Dorsey's Block Faces Federal Probe Over Alleged Bitcoin Transactions For Terrorist Groups. According to an NBC report, federal prosecutors have initiated an investigation into Block, the financial technology company founded by Twitter co-founder Jack Dorsey, following allegations of compliance failures and links to terrorist networks through alleged crypto transactions. Notably, a former employee of Block has provided documents to the Southern District of New York, revealing compliance […]