{"id":1593,"date":"2024-04-23T17:39:32","date_gmt":"2024-04-23T17:39:32","guid":{"rendered":"http:\/\/ci02dbaa3a900025d2"},"modified":"2025-09-28T17:24:56","modified_gmt":"2025-09-28T22:24:56","slug":"jack-dorsey-announces-block-is-developing-a-full-bitcoin-mining-system","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/jack-dorsey-announces-block-is-developing-a-full-bitcoin-mining-system","title":{"rendered":"Jack Dorsey And Block Are Developing A Full Bitcoin Mining System"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><a href=\"https:\/\/block.xyz\/\" target=\"_blank\" rel=\"noopener\">Block<\/a>, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin mining chip and is now in the final stages of producing the design with a leading global semiconductor foundry. This achievement marks a crucial milestone in Block&#8217;s mission to decentralize the supply of bitcoin mining hardware and distribute hashrate effectively, according to the&nbsp;announcement.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Jack Dorsey and Block are &quot;developing a full <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#bitcoin<\/a> mining system.&quot; \ud83d\udc40 <a href=\"https:\/\/t.co\/zfByRI8G1T\">pic.twitter.com\/zfByRI8G1T<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1782816007968506109?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to the chip development, Block also announced the development of a full &#8220;bitcoin mining system&#8221;, aiming to address challenges faced by mining operators and support mining decentralization. The company said it welcomes input from the bitcoin mining community to enhance the system&#8217;s design and functionality.<\/p>\n<p>&#8220;We\u2019re building a mining rig,&#8221; Block CEO Jack Dorsey <a href=\"https:\/\/x.com\/jack\/status\/1782812921719902475\">stated<\/a>.<\/p>\n<p>Previously, Block had progressed with manufacturing a five-nanometer mining chip prototype and received positive feedback from its foundry partner, reaching its design goals and teaching them valuable learnings. Since then, Block has been working on its&nbsp;three-nanometer chip design, the company said.<\/p>\n<p>Now, with the successful completion of the three-nanometer chip design, Block says the chip showcases competitive performance by&nbsp;utilizing the most advanced semiconductor process currently available,&nbsp;ensuring mining operators of all types can &#8220;thrive&#8221; now that Bitcoin is in its fifth mining epoch post the fourth halving of the block subsidy.<\/p>\n<p>Block&#8217;s commitment to supporting mining decentralization is evident in its plans to offer both a standalone mining chip and a full mining system. The company says their standalone chip will make Block the only large, well-capitalized mining hardware vendor with such a solution, encouraging innovation and new use cases in the mining industry.&nbsp;<\/p>\n<p>The company requests further insights and feedback from the mining community on challenges related to pre-sales discovery, purchasing processes, reliability, maintenance, software features, transparency, and post-sale support.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/screenshot-2024-04-23-at-121639pm.png\" title=\"\"><\/figure>\n<p>Mining operators and enthusiasts were asked to share their thoughts and feedback with Block by contacting them at mining@block.xyz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block says it aims to unlock innovation and support the development of new mining system form factors and use cases.<\/p>\n","protected":false},"author":2511,"featured_media":796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[189,313,681,93],"class_list":["post-1593","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin-mining","tag-block","tag-jack-dorsey","tag-news"],"author_data":{"id":2511,"name":"Nik","nicename":"nik","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/NIK_.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/block-asic-twitter-image-copy2-2.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2511"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=1593"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/796"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=1593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=1593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=1593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}