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Jack Dorsey's Block Set to Release New Bitcoin Mining Chips Next Weekcryptobriefing.com/block-bitcoin-mining-chips-launch/
1383 sats \ 14 comments \ @Cje95 8 Aug bitcoin_Mining
It will be super interesting to see how these chips and Block’s Proto Mining play out in the space! All for democratizing BTC mining!
A little about the chips…
The move comes months after Block completed the development of a three-nanometer Bitcoin mining chip designed to enhance efficiency and decentralization in Bitcoin mining. The company aims to become a unique provider of large-scale, well-capitalized mining hardware.
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17 sats \ 1 reply \ @hasherstacker 8 Aug
Make Bitcoin mining, decentralized again!
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7 sats \ 0 replies \ @Cje95 OP 8 Aug
I really want to see how this will help accomplish that!
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10 sats \ 1 reply \ @bitcoingecko 9 Aug
Even though people seem critical of Dorsey with Cashapp, it seems he is a person that is really pushing for a future with bitcoin at the center. Between this announcement and his bitchat app, it's very exciting!
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0 sats \ 0 replies \ @Cje95 OP 10 Aug
Agreed! He is having to balance the line of being a legally compliant entity with Block and Cashapp while honestly changing the future for us!
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0 sats \ 9 replies \ @Solomonsatoshi 8 Aug
Good news if they can be manufactured outside of China. Bitcoin mining manufacture is currently far too centralised. Unfortunately China has such a fucking massive lead over others in terms of engineering design and productive capacity in so many areas including Bitcoin hardware. Good on Jack ~ if this is true homegrown hardware designed and built in a democracy?
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57 sats \ 6 replies \ @optimism 8 Aug
BMxxxx chips from Bitmain are manufactured by TSMC, so not-China-yet, but maybe soon.
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111 sats \ 5 replies \ @Solomonsatoshi 8 Aug
I think I heard TSMC have/are building some new manufacturing plant in the US too now?
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81 sats \ 4 replies \ @optimism 8 Aug
Yes, in AZ. I think their first stage is done.
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118 sats \ 3 replies \ @Cje95 OP 8 Aug
They also have one in Washington State and have had it since ‘96. The Camas facility, houses a 200mm wafer fabrication plant and supports process nodes ranging from 0.35 micrometers down to 0.16 micrometers.
The AZ complex will be 6 Fab plants and 2 advanced packaging facilities.
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0 sats \ 2 replies \ @Solomonsatoshi 8 Aug
Good work- now just got to get those multiple rare earths refining plants up and running- could take a while- until then China has got a big strategic lever over the USA.
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107 sats \ 1 reply \ @Cje95 OP 9 Aug
We have MP up and running they are even smelting with the magnet facility being built in Texas. There is another deposit that is in Texas being developed that will be huge as well.
Not to mention the National Labs are working with industry to commercialize their proven tech for extraction via coal waste ash!
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0 sats \ 0 replies \ @Solomonsatoshi 9 Aug
Good start but still a long way to go to regain secure strategically important if not vital supplies of the multiple rare earths required for military and other applications. China has gained the upper hand for at least a decade ahead as far as reports I have seen describe it.
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393 sats \ 1 reply \ @Cje95 OP 8 Aug
Here is your answer
CEO Jack Dorsey said the company is on track with development and doesn’t expect delays, mainly because the chip is being entirely built in the United States.
By relying on domestic manufacturers and suppliers, Dorsey noted that Block’s mining hardware won’t be impacted by global trade tensions or the ongoing tariff war involving the U.S. and some of its trading partners.
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0 sats \ 0 replies \ @Solomonsatoshi 8 Aug
Good work!
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