Block's Bitcoin Mining ASIC Program Is Moving Forward
"Our primary motivation for this initiative is to increase the decentralization, transparency, and resiliency of the bitcoin network," and "we plan to make our bitcoin mining technology open source where we can."
"Since kicking off the project, we have made significant progress in the development of our ASIC. This has included assembling a team of ASIC designers and developing initial designs that are testing competitively with the best ASICs on the market."
"In the past year, we completed the design of a high performing bitcoin mining ASIC on the five nanometer semiconductor node. Our original plan had been to do a full tape out of this design this quarter."
"However, as we were planning this tape out, we learned of an opportunity to acquire a large volume of bitcoin mining ASICs from Intel, and just completed a purchase agreement with Intel."
"This immediate access to production ASICs accelerates our mining system development, enabling us to get to market more quickly. Additionally, we can now focus our design team exclusively on cutting edge three nanometer ASIC development."
"In support of our three nanometer ASIC development, this month we moved forward with manufacturing a prototype of our completed five nanometer design."
"This is an exciting milestone which will allow us to experiment with design variants, validate our design work, and calibrate our testing on real silicon. We expect to receive the prototypes back this fall. They will be a valuable input into our three nanometer ASIC development work."
"Please feel free to reach out to us at firstname.lastname@example.org (or on twitter) to get in touch, ask questions, and share your thoughts."