Jack Dorsey’s nano Bitcoin mining chip heads to prototype

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Jack Dorsey’s nano Bitcoin mining chip heads to prototype
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  • 📰 Cointelegraph
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Block has completed the prototype design of its first 5nm ASIC chip, which will assist the company in bringing further “open source” developments in Bitcoin mining technology to the broader…

Notably, the San Francisco headquartered company wrote that it plans to make Bitcoin mining technology “open source” where possible by selling standalone ASICs and other hardware components to “optimize innovation and maximize the size of the Bitcoin mining hardware ecosystem.”

The post adds that the steps taken over the past few months will allow the firm to experiment with new designs and aid them in bringing more efficient and affordable Bitcoin mining chips to market. In order to fast-track this development push, Block added that it has purchased a large batch of ASIC chips from Intel.halt taking new orders for its Blockscale 1000 Series ASICs by Oct. 20 and end shipping in April 2024 as part of cost-cutting measures.

of the same size. By reducing the overall size, the electric current travels less distance in the circuit to perform a calculation, which means that overall efficiency is improved and the amount of heat produced is decreased.

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