CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Jack Dorsey’s Block Develops High-Performance Bitcoin Mining ASIC

30.04.2023
A A
0
126
VIEWS
ShareShare

Jack Dorsey’s Block Develops High-Performance Bitcoin Mining ASIC

  • On April 28, 2023, the corporation updated its website with the news.
  • Earlier in March, Intel said it would no longer manufacture Bitcoin mining ASICs.

The prototype design of a high-performance Bitcoin mining ASIC at 5 nanometers has been completed by Jack Dorsey’s business, Block. On April 28, 2023, the corporation updated its website with the news.

The American company acknowledged the technological and financial difficulties of manufacturing bitcoin mining ASICs. As a result, there is now a small number of companies controlling the vast majority of the Bitcoin mining ASIC market, which is bad for miners and the Bitcoin network.

Aims to Dominate the Sector

The report claims that recent developments have made it possible for the Block to test out several design iterations and verify their work in order to provide cheap Bitcoin mining chips. In addition, Intel ASIC chips were recently purchased by the corporation in bulk.

Earlier in March, Intel said it would no longer manufacture Bitcoin mining ASICs. As the demand for Bitcoin mining increased, the tech giant released its Blockscale line in April 2022.

The company looks to be changing course and has announced that it would cease producing and accepting orders for Blockscale chips as of April 2024. Block plans to use this as a springboard to build its 3-nanometer chip-based proprietary mining kits more quickly. This is currently the most advanced chip technology available.

Block’s goal is to completely alter the dynamic of Bitcoin mining with its unique chips. Block’s open-source nature is one of its distinguishing features. Moreover, this implies that its programmes and software may be used by anybody for any purpose, including testing, updating, and incorporation into other projects.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Don't get excited about Fed 'dovishness' — another rate hike is in the cards

Don't get excited about Fed 'dovishness' — another rate hike is in the cards

2 years ago
Bitcoin Dips On Christmas Day But This Is Not The Christmas Gift We Want

Bitcoin Dips On Christmas Day But This Is Not The Christmas Gift We Want

2 years ago
BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal

BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal

2 years ago
Responsible AI can create policies to help ‘better serve society’

Responsible AI can create policies to help ‘better serve society’

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Trending

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly...

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz