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Block continues to advance its decentralized Bitcoin mining initiative and has announced the completion of the development of three-nanometer chips for mining devices.
Block, led by Jack Dorsey, has reported advancements in decentralized Bitcoin mining. A significant milestone is the completion of a specialized chip utilizing three-nanometer technology, which represents the most cutting-edge semiconductor process currently employed in industrial manufacturing.
The chip was developed “in collaboration with a leading global semiconductor foundry,” although the specific technology partner involved in the project has not been disclosed. Block asserts that the creation of three-nanometer chips for mining devices will contribute to the decentralization of mining equipment supply and hashrate distribution.
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Additionally, the company is actively working on a comprehensive decentralized Bitcoin mining system. In this regard, Block representatives are encouraging mining practitioners to communicate the primary challenges and issues they encounter.
The feedback collection process from industry participants is already in progress. Their insights have been incorporated into the chip’s design and will be taken into account during the development of decentralized mining software. Block representatives aim to gain a deeper understanding of all phases of mining equipment usage, from installation selection to the maintenance of already acquired equipment.
The developed system and high-performance equipment will enable miners to sustain profitability during the current development cycle of the Bitcoin blockchain, which commenced following the fourth halving and in subsequent periods.
Jack Dorsey is actively pursuing various projects within the Web3 domain. The initiative for a decentralized mining system was initiated back in 2021. In 2022, the decentralized social network Bluesky was launched, and in 2023, Block introduced a cryptocurrency wallet, Bitkey, for BTC self-custody.
Сообщение Bitcoin Mining Devices on 3-Nanometer Chips Soon Be Available in Market появились сначала на CoinsPaid Media.
