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Jack Dorsey Reveals Plans To Build a BTC mining system, Bitcoin Hits Above $62,000

After Twitter and Square Jack Dorsey’s tweet, Bitcoin sees its price break above $62,000 once again. Of course this is coming after he reveals plans to build a bitcoin mining system. Which, will be on custom silicon and open source for individuals and businesses.

If we do this, we’d follow our hardware wallet model:…”
“build in the open in collaboration with the community,”

Jack says in a tweet.

Consequently, Bitcoin spikes above $62,000 following Jack recent of tweets.

More so, Jack tweets that the company is considering a

“bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”


Meanwhile, Jack goal is to make crypto mining more accessible, Mirroring Square’s original vision. Which of course, is to make it easier for small businesses and independent proprietors to take credit card payments.

“Square is considering building a Bitcoin mining system…”
“based on custom silicon and open source for individuals and businesses worldwide…”
“If we do this, we’d follow our hardware wallet model:…”
“build in the open in collaboration with the community. First some thoughts and questions.”
— jack⚡️ (@jack) October 15, 2021



Furthermore, Bitcoin mining will be
“as easy as plugging a rig into a power source.”


Lastly, Jack explains that the team head, Jesse Dorogusker, who is also the hardware lead at Square will start studying the technology. Getting exposure on everything needed for this project.

Jack write that bitcoin mining should be
“as easy as plugging a rig into a power source.”


Notably, Dorogusker says that Afshin Rezayee, the leader and architect of Square’s silicon team in Toronto from 2015, will handle the project.

Photo credit – Bloomberg

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