In case you’re questioning why bitcoin surged over the weekend, you will have one man and a tweet to thank—and no, it’s not Elon Musk. On Friday, Twitter founder and Sq. CEO Jack Dorsey tweeted that Sq. “is contemplating constructing a Bitcoin mining system” that may be open supply and obtainable to people and companies.”
Sq. is contemplating constructing a Bitcoin mining system based mostly on customized silicon and open supply for people and companies worldwide. If we do that, we’d observe our {hardware} pockets mannequin: construct within the open in collaboration with the group. First some ideas and questions.
— jack⚡️ (@jack) October 15, 2021
In different phrases, it was one of the crucial distinguished tech CEOs alluding to the truth that he and his firm see a vivid future in bitcoin. And, as CNBC reports, bitcoin’s worth surged after Dorsey’s tweet, topping out at over $62,500 per coin—virtually a report excessive. As of the time of this writing, bitcoin is floating round $61,270, according to CoinDesk.
Dorsey adopted up his tweet with some extra ideas on bitcoin mining, saying that it must be extra distributed, vitality environment friendly, and accessible. And whereas Dorsey hasn’t dedicated to seeing the undertaking via, he did announce that Sq. “will begin the deep technical investigation required to tackle this undertaking.”
Our crew led by @jessedorogusker will begin the deep technical investigation required to tackle this undertaking. We’d love your ideas, concepts, considerations, and collaboration. Ought to we do that? Why or why not? We’ll replace this thread as we make our selections. And now over to Jesse.
— jack⚡️ (@jack) October 15, 2021
