Jack Dorsey says that his payments company, Block , is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.
"Mining isn't accessible to everyone," Dorsey wrote when Block first entered the business of building mining hardware in 2021."Bitcoin mining should be as easy as plugging a rig into a power source. There isn't enough incentive today for individuals to overcome the complexity of running a miner for themselves."
Indeed, members of the bitcoin community have long been concerned that hardware vulnerabilities might compromise network stability. The ASIC chip used in mining rigs, for example, is manufactured in China, a country that has proven hostile to the crypto sector in recent years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: