Jack Dorsey says Square is ‘considering’ building a Bitcoin mining system | Engadget

But building a mining system would be considerably more complicated for the payments company than simply building a wallet. Jack Dorsey says that Square is considering building its own Bitcoin mining system using custom silicon and open source software. Silicon development is very expensive, requires long term investment, and is best coupled tightly with software and system design. "Bitcoin mining should be as easy as plugging a rig into a power source, Dorsey said. Energy is a system-level problem that requires innovation in silicon, software, and integration.3/Silicon design is too concentrated into a few companies. Driving towards clean and efficient energy use is great for Bitcoins economics, impact, and scalability. Wed love your thoughts, ideas, concerns, and collaboration.
Jack Dorsey says that Square is considering building its own Bitcoin mining system using custom silicon and open source software. Square is considering building a Bitcoin mining system based on custo… [+2364 chars]