Official: Jack Dorsey will create an open system for crypto mining

Джек Дорси создаст открытую систему для крипто-майнинга

  • Last October, Dorsey shared plans to create the first open source mining system
  • At the beginning of the year, a list of vacancies from Block (Square) for a new project
  • 22 January Dorsey officially confirmed the rumors and announced the start of development

Today, 12 On January, former Twitter CEO Jack Dorsey confirmed rumors that his company Block (Square) plans to create a mining pool with an open source code. Due to this, the BTC hash rate jumped to its peak.

Скорость хеширования биткойнов подскочила до ATH - новый историчный максимум
Source: Glassnode

Dorsey announced plans to develop such a project back in October last year. The key objective of this initiative is to improve mining efficiency and make distribution more equitable.

The project is extremely ambitious. But if its implementation is successful, it will pave the way for private developer enthusiasts to the market. At the same time, the cryptoindustry has already reacted to Dorsey’s statement. Despite the loss of Kazakhstan, the second country in the list of leaders in BTC mining, the hash rate reached 220 million TH / s.

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