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With Block, Jack Dorsey wants to make Bitcoin mining accessible to everyone

A few months after announcing his official departure from Twitter, the founder of the social network with the blue logo is now embarking on Bitcoin mining.

Jack Dorsey has decidedly quickly turned the page on Twitter. After announcing his departure from the social network last November, the businessman has since launched into the cryptocurrency market by founding Block, formerly Square.

Today, and after several weeks of suspense, Block has finally confirmed its ambition to embark on the bitcoin mining. Logically, it is on Twitter that things became official. The founder of the social network announced via his personal account that Block was “Officially building an open Bitcoin mining system”.

It is finally Thomas Templeton, who heads the department devoted to computer equipment at Block, who clarified the project of Jack Dorsey. According to him, the BTC mining that will offer Block will allow better profitability, while requiring less financial investment and less maintenance. To achieve this ambitious goal, the company is already planning to surround itself with a dedicated team of specialists, including system engineers, as well as ASIC mining specialists. Objective for the company: to allow Bitcoin mining to generate less heat, and create solutions with low energy consumption.

Greener, and above all more accessible

In addition to making mining more energy efficient, Jack Dorsey also hears facilitate access to the material necessary for the extraction of cryptocurrencies. A means for the entrepreneur to counter the professionalization of the sector, generated by the surge and the shortage of necessary equipment. In the longer term, this paradigm shift may allow cryptocurrencies to be accessible to everyone, without requiring investment or special knowledge.

Remember that currently, BTC mining requires the exploitation of powerful graphics cards running at full speed. While some manage to acquire dozens of models to supply their extraction farms, the bulk of the market is still in the grip of severe shortages, which sometimes go as far as disrupting the release schedule of some manufacturers.

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