Breaking Ground: Jack Dorsey’s Block Ventures Into 3nm Bitcoin ASIC Mining Tech
Block, under the leadership of Jack Dorsey. Made headlines on Tuesday by announcing their venture into mining technology via a post on X.
The company’s lead for mining hardware products, Naoise Irwin, shared details of their upgraded chip design, transitioning from a planned 5-nanometer (nm) process to a more advanced 3nm architecture. This move signifies Block’s commitment to innovation and staying at the forefront of mining hardware development. Irwin highlighted the rigorous tapeout phase, where every aspect of the chip’s design is finalized. Ensuring top-notch performance crucial for mining operators in the evolving landscape.
Block’s entry into ASIC production comes amidst stiff competition from industry players like Microbt, Bitmain, and Canaan, all unveiling new rigs with enhanced capabilities. Irwin emphasized Block’s position as a major, well-funded vendor offering an independent mining chip. Fostering innovation and inviting feedback from the mining community to refine their offerings further.
Clever Robot News Desk 24th April 2024
