Friday, February 3

Block wants to develop ASICs for Bitcoin mining

Jack Dorsey announces that Block (formerly Square) is building officially an open Bitcoin mining system.

Specifically, Block Inc. CEO Jack Dorsey said in a tweet on Thursday that the firm is building an open Bitcoin mining system. As the newly rebranded company looks to expand beyond its payments business and into new technologies like Blockchain.

Mainly, the Bitcoin mining system seeks to improve three aspects:

  • Availability. Make mining rigs easier to find and buy. While ensuring a consistent delivery experience.
  • Reliability. Building something better to dissipate heat and dust.
  • Performance. Boost performance, while ensuring low power consumption and a quieter experience.

By the way, in October, Jack Dorsey said that Block was considering building an open source, custom silicon-based Bitcoin mining system. For people and companies around the world. Three months later, those considerations have come true.

«We are officially building an open Bitcoin mining system».

Block is building an open Bitcoin mining system

Notably, in a Twitter thread, Block hardware general manager Thomas Templeton laid out the company’s plans on building the mining system.

«We want mining to be more distributed and efficient in every way, from purchasing to installation, maintenance and mining. We are interested because mining goes far beyond creating new Bitcoins. We see it as a long-term necessity for a fully decentralized, permissionless future».

In fact, Templeton says the goal is to make Bitcoin mining, the process of creating new Bitcoins by solving increasingly complex computational problems, more distributed and efficient in every way, “from buying, configuration, maintenance and mining”.

Very importantly, a dedicated team of engineers is being assigned to the task, led by Afshin Rezayee. And open roles include electrical engineers, software and analog designers, ASIC engineers, and design engineers.

As a fun fact, Block has not provided a timeline for when its Bitcoin mining system will be available for purchase and use. Since the company focuses on the research stage of product development.

Interested in developing ASIC chips to mine Bitcoin?

It should be noted that the Block company revealed the group’s plans to develop “the next generation of ASICs”. In effect, the request posted on LinkedIn details that Block would be interested in BSEE or Science graduates Applied, that have more than 10 years of experience and track record in the creation of specialized hardware and engineering of the underlying concepts of design and digital architecture.

«In this role, they will work closely with other digital and mixed-aspect designers to develop the next generation of ASICs for Bitcoin mining.».

  1. For the role of Custom Digital Design Leader, the candidate will assist in the silicon validation of the ASIC and its prototype.
  2. The second is for the head of global logistics and fulfillment for the hardware wallet.

Finally, Thomas Templeton asks the Community to contact him if they have any questions or comments that could help the project.

I close with this phrase from George Sand: «You should never get discouraged. Dreams fly, work remains».