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Jack Dorsey’s Block to Create Open Source System for BTC Miners
Last Updated: January 14, 2022
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Block’s CEO Jack Dorsey announced that the company is looking to create its own mining system that will be open to all BTC miners.
After his resignation from the Twitter CEO position in late November 2021, Jack Dorsey has ventured into the crypto market to create more decentralized solutions for digital assets. Block, previously known as Square, has become one of the leading mobile payment options since its launch in 2009.
Earlier in October of 2021, Dorsey posted a wall of tweets about the creation of Square's own mining system for Bitcoin. He raised a couple of questions for his followers regarding the efficiency, distribution, accessibility, and if it is worth it to proceed with such a system.
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It seems as if Square has decided to go forward with the idea. According to Jack Dorsey's tweet on January 13th of 2022, he confirmed that the project is in motion by stating that they are "officially building an open bitcoin mining system."
The decision could be linked to last year’s job listing on LinkedIn, which is still available today, for a Custom Digital Design Lead position at Block. The job description specifically states that the Design Lead "will work closely with other digital designers and mixed-signal designers to develop the next generation of mining ASIC."
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