Block, a payments platform owned by Jack Dorsey, has announced plans to launch a mining development kit (MDK) on its platform. This kit will be designed for individuals and businesses worldwide who want to mine Bitcoin.
In the announcement post on its website, Block also asked for feedback from developers, miners, and users on the features they would like to see in the kit, such as power requirements, required connections, and how much the hardware should cost.
Block stated that the MDK would include several components, such as an industrial-grade Bitcoin mining “hashboard” that is compatible with the company’s custom-built control board and third-party controllers, like the Raspberry Pi. Additionally, the kit will come with a custom-built controller board that works with the “hashboard” and other parts.
According to Block, these application-specific integrated circuits (ASICs) are the primary method of mining Bitcoin today. The company stated that it intends to develop a full line of Bitcoin mining products to improve energy efficiency, accelerate innovation in Bitcoin mining, decentralize the supply of essential hardware, broaden mining accessibility, and improve user experience.
Jack Dorsey first announced this move in October 2021, when the company, Block, was still known as Square. Dorsey tweeted that the company was considering designing and building a bitcoin mining system using specialized silicon and open-source modules. He also stated that Square would stick to its hardware wallet model and build in the open in collaboration with the community.
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.
— jack (@jack) October 15, 2021
This move, according to Dorsey, is significant because it will make mining more distributed and energy-efficient, increase accessibility and decentralize the supply of essential hardware.
The company decided to proceed with the project after receiving positive feedback from startups, developers, home hobbyists, and large mining operators who expressed interest in and encouraged it.
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