Block develops 3nm Bitcoin mining chip
Block, a company specializing in financial technologies, has completed the development of its three nanometer (nm) Bitcoin mining chip and has entered the final stages of manufacturing with a leading semiconductor fab. This achievement is in line with Block's goal of decentralizing the supply of Bitcoin mining hardware and distributing hashrate worldwide.
Expanding Bitcoin mining efforts
In addition, Block is expanding its efforts by developing a comprehensive Bitcoin mining system that aims to address the operational challenges faced by mining operators and promote the decentralization of mining activities. To optimize this system, the company is seeking feedback from the Bitcoin mining community.
CEO Jack Dorsey’s commitment
Block CEO Jack Dorsey highlighted the company's commitment to building a robust mining rig. This initiative follows the successful production of a five nanometer mining chip prototype that met its intended design goals and provided key insights. The newer three-nanometer chip features high performance, which is maximized by using the latest semiconductor technology. This improvement is especially timely as Bitcoin enters its fifth mining epoch following the recent fourth halving event.
Plans for distribution of the 3nm chip
Block plans to offer the innovative three-nanometer chip both as a standalone product and as part of a complete mining system. In doing so, Block aims to become a unique hardware provider that supports broader participation and innovation in the mining sector.
Invitation to dialogue with the community
The company openly invites the mining community to share their experiences and suggestions, especially regarding pre-sales, purchasing, maintenance, software, transparency and post-sales support. Feedback can be directed to Block's dedicated contact email for mining-related inquiries.
The Bitcoin miner for your desk
