Thursday, June 1, 2023
  • Login
Auchijeff
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION
No Result
View All Result
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION
No Result
View All Result
Auchijeff
No Result
View All Result
  • Home
  • News
  • Gossip
  • Celebrity gists
  • Biography
  • BBNaija

Square Bitcoin mining system teased by CEO and enthusiast Jack Dorsey

Auchi Jeff by Auchi Jeff
October 17, 2021
in Crypto news
0

It’s no secret that Jack Dorsey is a big fan of Bitcoin (his Twitter bio only contains a bitcoin hashtag, for example), and so it’s likewise no surprise that his companies have started dabbling with the popular cryptocurrency. In his latest statement about the crypto, Dorsey said it is possible Square may make its own “Bitcoin mining system” that utilizes open-source software

Dorsey talked about the potential plan in a tweet thread on Friday, stating that the potential Square mining system — should one actually launch — would be available for both businesses and individuals globally. “If we do this, we’d follow our hardware wallet model,” Dorsey said. “Build in the open in collaboration with the community.”

The message goes on from there, with Dorsey talking about crypto miners, its purpose, the need for increased efficiency and clean energy use, issues involving silicon design under the current industry, vertical integration, and, finally, the fact that “mining isn’t accessible to everyone.”

On that last point, Dorsey says that “Bitcoin mining should be as easy as plugging a rig into a power source.” Though a mining system hasn’t been promised at this time, he did say that a team will “start the deep technical investigation required to take on this topic.” Dorsey invited feedback from the public, including any ideas and concerns anyone may have.

This latest revelation follows Dorsey’s announcement this past summer that Square will make its own Bitcoin hardware wallet. The project will involve both a Bitcoin hardware wallet and a service that aims to “make Bitcoin custody more mainstream.” That move itself isn’t surprising — the Cash App from Square already supports buying and selling Bitcoin.

Dorsey talked about the potential plan in a tweet thread on Friday, stating that the potential Square mining system — should one actually launch — would be available for both businesses and individuals globally. “If we do this, we’d follow our hardware wallet model,” Dorsey said. “Build in the open in collaboration with the community.”

Tags: Bitcoin
Previous Post

I am presently in a good place and taking my time before getting involved in any love or relationship – BBNaija’s Liquorose speaks

Next Post

Worldly’ man’s transformation after he was ‘arrested by Christ’ goes viral

Next Post

Worldly' man's transformation after he was 'arrested by Christ' goes viral

Three suspected kidnappers arrested in Kano for threatening to abduct man and family members if he fails to pay N2m

Bring the Art work to my office, pictures like this are rare – Gov. Sanwo-Olu tells a ‘talented’ artist who drew him

Elon Musk’s Tweets Support Fresh Rally in Shiba Inu (SHIB)

“Una no fit make me crase. E no go happen” — Singer 2Baba declares

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Biography

Biography

Chef Hilda Basi Biography, Early Life, Age, Career, State of Origin, Spouse, Educational Background, Guinness World Record, Cook-a-thon, Net Worth

by Dreal Frankie
May 15, 2023
0

Auchijeffblog is known by majority to be a content writing site that ensure to give you up to date biography...

Read more

Shallipopi (Elon Musk) Biography, Early Life, Career, Real Name, Age, Education, Songs, Nationality, Girlfriend, Net worth

May 6, 2023

Jemima Osunde Biography, Early life, Career, Age, State of Origin, Nationality, Educational background, Net Worth

May 3, 2023

Ms pepo Biography, Early Life, Career, Real Name, Educational background, Age , State of origin, Net worth

May 2, 2023

Fel Ronan Biography, Early Life, Career, Real Name, Age, State of Origin, TikTok, Girlfriend, Net worth

February 20, 2023

Celebrity Gists

Celebrity gists

“No level at all, See as everything resembles fake” Reaction as Portable splurges cash on new studio equipment [Video]

by Auchi Jeff
November 17, 2022
0

Social media users react as popular street singer, Habeeb Okikiola, professionally known as Portable Omolalomi spends some  cash on the acquisition of...

Read more
Celebrity gists

Top 10 Richest/Successful Tiktokers in South Africa 2023

by Dreal Frankie
January 2, 2023
0

TikTok is a a social media app for creating, sharing, and watching short video clips,since the lunch of this Chinese...

Read more
Celebrity gists

Top 10 Richest/Successful Tiktokers in Kenya 2023

by Dreal Frankie
January 2, 2023
0

Tiktok is the best short video platform, especially Ghanian youth are taking it seriously in 2022. And there are people...

Read more
Celebrity gists

Top 10 Richest/Successful YouTubers in Kenya 2023

by Auchi Jeff
January 14, 2023
0

Highest YouTube Earners in Kenya 2022 - Auchijeff YouTube is one of the platforms that many Africans are using to...

Read more
Celebrity gists

Top 10 Richest dancers in Africa 2023

by Dreal Frankie
January 4, 2023
0

African dance is becoming popular day by day, so today Auchijeff will talk about  the 10 Richest and successful Dancers...

Read more

Follow us on our social media

about

Auchijeff.com is the Most Visited Online Platform that Delivers Hot Fresh Nigerian Music, Video, Entertainment Gist & News Content on a daily Basis to Nigerians Home and Abroad

No Result
View All Result
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION

© 2021 Auchijeff.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In