{"id":78079,"date":"2023-05-01T10:24:20","date_gmt":"2023-05-01T07:24:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78079"},"modified":"2025-09-11T02:55:25","modified_gmt":"2025-09-10T23:55:25","slug":"block-jack-dorseys-company-develops-a-prototype-open-source-mining-asic-chip","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/block-jack-dorseys-company-develops-a-prototype-open-source-mining-asic-chip\/","title":{"rendered":"Block, Jack Dorsey\u2019s company, develops a prototype open-source mining ASIC chip"},"content":{"rendered":"<p>Block, Jack Dorsey\u2019s company, has completed a prototype of an open-source <a href=\"https:\/\/forklog.com\/en\/news\/how-bitcoin-mining-works\">mining<\/a> ASIC chip for Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have an update on our mining initiative. This one is about ASICs<a href=\"https:\/\/t.co\/bJOM9YNxfl\">https:\/\/t.co\/bJOM9YNxfl<\/a><\/p>\n<p>\u2014 Thomas Templeton (@TempletonThomas) <a href=\"https:\/\/twitter.com\/TempletonThomas\/status\/1651927724775145472?ref_src=twsrc%5Etfw\">April 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the project aims to reduce the centralisation of mining and related equipment, in order to \u201coptimise innovation and expand the cryptocurrency mining ecosystem.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abMost of the ASIC chips currently on the market are manufactured using 5-nanometre technology. It is on this aspect that we have focused our initial efforts\u00bb, \u2014 said representatives of the company.<\/p>\n<\/blockquote>\n<p>As part of the project, Block purchased a batch of ASIC chips from Intel. In April the tech giant <a href=\"https:\/\/forklog.com\/en\/news\/intel-to-halt-bitcoin-mining-chip-production\">announced<\/a> the discontinuation of sales of the Blockscale mining line.<\/p>\n<p>Actions taken over the past few months will allow the company to \u201cexperiment with new designs\u201d and help bring to market more \u201cefficient and affordable mining equipment.\u201d<\/p>\n<p>Back in 2021, the former Twitter head <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-square-weighs-developing-an-open-source-bitcoin-miner\">proposed<\/a> a universal and eco-friendly open-source system for cryptocurrency mining.<\/p>\n<p>In March 2023, Block <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-announces-mining-development-kit-for-bitcoin-mining-developers\">announced<\/a> a \u201cBitcoin mining developer toolkit,\u201d which includes several tools for configuration.<\/p>\n<p>Earlier in the month, Block announced the launch of a unit to develop the Lightning Network ecosystem. The project was given the succinct name \u2014 c=.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block, Jack Dorsey\u2019s company, has completed a prototype of an open-source Bitcoin-mining ASIC chip.<\/p>\n","protected":false},"author":1,"featured_media":78080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1330],"class_list":["post-78079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-jack-dorsey"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78079"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78079\/revisions"}],"predecessor-version":[{"id":78081,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78079\/revisions\/78081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78080"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}