Block chief executive Jack Dorsey has confirmed the company plans to develop an open Bitcoin mining system for long-term future plans.
The popular payments company, formerly known as Square, is venturing into the Bitcoin mining business, as confirmed by the boss in a tweet on January 14.that the firm was hiring a team in an effort to make mining “more distributed and efficient in every way, from buying, to set up, to maintenance, to mining,” before adding:
“We’re interested because mining goes far beyond creating new Bitcoin. We see it as a long-term need for a future that is fully decentralized and permissionless.”
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