Twitter Founder Announces He Is Developing More Efficient, Open Bitcoin Mining Hardware

Jack Dorsey is passionate about cryptocurrencies, but the thing seems that you are going beyond making money without effort. He’s going to get right into the business…

The fundador de Twitter, Jack Dorsey, left his position as CEO a few weeks ago, and little by little we are discovering the reasons.

It seems that Dorsey is going to focus on his other company, the old Square, which he has renamed with the name of Block. Just as Meta references the Metaverse, Block does so with the blockchain, which is where you will focus your business.

Dorsey has announced on Twitter that they are working on an open and efficient Bitcoin mining system which will use your own custom chips:

In different chained tweets that he has published, the founder of Twitter explains that current mining hardware is inefficient, difficult to configure, and in the hands of few companies.

Dorsey points to the moment when the last bitcoin is mined, and the miners become agents that verify the trading operations, charging a commission.

In order for Bitcoin to maintain its price, it is necessary that there are many active miners, and that transactions are carried out efficiently.

That’s why Dorsey is willing to create open source bitcoin mining hardware, and much more efficient than the current ones.

Also, make it as easy to use as plugging in a plug.

Cryptocurrency hardware wallet to cold store dozens of cryptocurrencies like Bitcoin, Ethereum, ERC20 and many more.

In this way, the number of bitcoin miners will increase, and the entire Bitcoin structure will continue to function.

Jack Dorsey rightly describes that cryptocurrency mining hardware is inefficient. and we add, an unsustainable waste of energy, in many cases polluting, only for the sole speculative purpose.

As Ubisoft itself acknowledges when it introduced its NFT platform, Quartz, a transaction with bitcoins consumes as much energy as a year watching streaming videos.

It’s an unjustifiable waste of energy, and it’s something Jack Dorsey only mentions in passing, when announcing his hardware.”more efficient“.

If cryptocurrencies want to win the favor of the whole world, they need to find ways to operate infinitely more efficient than those used by Bitcoin and company. We hope that more proposals will arise in this regard.

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