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Jack Dorsey’s Block to build an open bitcoin mining system -Breaking

by Mike Robinson

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© Reuters. Twitter CEO Jack Dorsey was called to testify during a video conference held by the U.S. House of Representatives Energy and Commerce Committee. The hearing focused on Social Media’s role in Promoting Extremism and Misinformation. Washington, U.S.A, March 25, 2021

(Reuters] – Block Inc Chief executive Officer Jack Dorsey tweeted on Thursday, that his company is developing a bitcoin mining platform. The newly rebranded firm seeks to grow beyond the payment industry and embraces new technology like blockchain.

Dorsey, who was formerly Square’s CEO, stated in October that Block is looking to build a bitcoin mining platform based on open source and custom silicon.

Thomas Templeton was Block’s general manger for hardware and shared the plans of the company to build the mining system.

We want mining to be more efficient and distributed in all aspects, including buying, setting up, maintenance, and mining. Because mining is more than just creating bitcoin, we are interested. It is a long-term necessity for a fully decentralized, permissionless future,” Templeton said.

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