Thursday, December 7, 2023

technoguf.com

HomeTechnologyA system for...

A system for Bitcoin Mining is being Build By Block

Jack Dorsey‘s payments company Block (formerly Square) will start bitcoin mining soon.

In a series of tweets, Block’s general manager of hardware, Thomas Templeton, laid out the company’s next steps. According to Templeton, the idea of ​​making the mining process more accessible goes beyond just creating new bitcoins. Instead, he said the company sees this as a long-term need for a fully decentralized and less permissioned future. 

To that end, the company is addressing a major barrier to entry: Miners are hard to find, expensive, and delivery can be unpredictable. Block said it was open to building new ASICs, specialized equipment used to mine bitcoin. 

The project is incubating in Block’s hardware team, which is starting to form a core engineering team of system, ASIC and software designers led by Afshin Rezayee.

On the hardware front, Dorsey previously tweeted that the company is considering a “custom chip-based bitcoin mining system.” Dorsey went on to share his thoughts that more attention needs to be paid to vertical integration as well as chip design, which he said is too concentrated in a few companies.

Block also wants to improve the reliability and user experience of mining, Templeton wrote. On the hardware front, Dorsey previously tweeted that the company is considering a “custom chip-based bitcoin mining system.” Dorsey went on to share his thoughts that more attention needs to be paid to vertical integration as well as chip design, which he said is too concentrated in a few companies.

Get notified whenever we post something new!

Continue reading

Mastering Trading Patterns: A Comprehensive Guide

In the ever-evolving world of finance, mastering trading patterns is a critical skill that can set you on the path to success. Whether you are a seasoned trader or a newcomer to the world of finance, understanding and effectively...

Mastering Short-Term Trading: Strategies for Explosive Profits

In the world of finance, short-term trading has become an increasingly popular approach for investors looking to maximize returns within a limited timeframe. At Technoguf, we understand the demands of today's fast-paced markets and have curated a comprehensive guide...

How To Factory Reset iPhone: A Comprehensive Guide 

In this comprehensive guide, we will walk you through How To Factory Reset iPhone, step by step. Whether you're looking to troubleshoot issues, prepare your device for resale, or simply give it a fresh start, a factory reset is...