Square CEO: An open Bitcoin mining system is under construction

On January 14, Square CEO Jack Dorsey said that its payment company Block (formerly Square) is building an open bitcoin mining system. Thomas Templeton, Block’s general manager of hardware, pointed out that Block is committed to being more decentralized and efficient in everything from purchasing, setup, maintenance to mining, and is now starting to form a core engineering team of system, ASIC and software designers led by Afshin Rezayee.

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