Coinspeaker
Jack Dorsey-Led Block Finishes Development of 3nm Bitcoin Mining Chips

After working rigorously for three years on their Bitcoin mining chips, Jack Dorsey’s Block Inc announced that they had finished the development of the three-nanometer chip. Jack Dorsey, Twitter founder and Block Inc Chief Executive, has been one of the biggest proponents of creating a more accessible and decentralized system for Bitcoin mining.

This 3nm chip from Block could prove to be a game-changer in this rapidly evolving Bitcoin mining industry. These chips can play a key role in creating some of the most advanced computers. Newcomes in the Bitcoin mining industry have always faced headwinds in getting access to some of the most advanced chips for mining activities and competing with the incumbent players.

Also, the market of mining chip manufacturers remains largely concentrated in the hands of a few big players like Bitmain. despite the crypto boom, only a few chip manufacturers in Asia have realized significant profits. After the crypto winter of 2022, chip-making giant Intel decided to end its Bitcoin mining series. Speaking about the recent development on ...