Jack Dorsey’s payments company, Block, is building a system for bitcoin miners

Jack Dorsey’s payments company, Block, is building a system for bitcoin miners

From cnbc.com

Jack Dorsey’s payments company Block (formerly Square) is going to start mining for bitcoin. In a string of tweets, Block’s general manager for hardware, Thomas Templeton, laid out the company’s plans for next steps. Templeton says the goal is to make bitcoin mining — the process of creating new bitcoins by solving increasingly complex computational problems — more distributed and efficient in every way, “from buying, to set up, to maintenance, to mining.” The idea of making the mining process more accessible has to do with more than just creating new bitcoin, according to Templeton. Instead, he says ... (full story)

- Older Stories
Bitcoin Cash: Bulls Aim Break above $400
From livebitcoinnews.com|Jan 14, 2022
Bitcoin cash price started a major decline below the $400 support zone. BCH price even declined below the $380 support and the 55 simple moving average (4-hours). A low was formed ...
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
From coindesk.com|Jan 14, 2022
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu. Speaking at an event on Thursday, ...
Vitalik deluged after asking for the 'most unhinged' criticisms about him
From cointelegraph.com|Jan 14, 2022
Ethereum co-founder Vitalik Buterin asked for, and received in spades, examples of “the craziest and most unhinged criticisms” of him on Twitter and elsewhere. Buterin’s ...

- Newer Stories
Dogecoin jumps 9% after Elon Musk says its can be used buy Tesla merchandise
From cnbc.com|Jan 14, 2022
The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as payment for some merchandise. On Friday, Tesla CEO Elon ...
FTX launches $2 billion venture fund, hires Lightspeed exec to lead
From theblockcrypto.com|Jan 14, 2022
Sam Bankman-Fried's FTX has launched a new venture capital unit, adding billions of dollars in fresh capital to the already bloated private market for crypto investing. FTX — ...
Jack Dorsey’s Block to List on Australia’s ASX in First Major Crypto Listing in Exchange’s History
From blockworks.co|Jan 14, 2022
The newly merged Block, formerly Jack Dorsey’s Square (SQ), and buy now pay later firm Afterpay is expected to begin trading on the Australian Securities Exchange (ASX) later this ...