Bitcoin is just one step away from its all-time high. Twitter founder plans to create an "open source" mining system

Bitcoin is just one step away from its all-time high. Twitter founder plans to create an "open source" mining system

Just as the price of Bitcoin was surging and was just "one step away" from its historical high, Twitter founder Jack Dorsey announced that he would consider developing a new Bitcoin mining system, which seemed to be aimed at achieving "everyone can mine."
Last Friday, Jack Dorsey tweeted that his mobile payment company Square is considering building a bitcoin mining system based on "custom chips and open source code" for use by individuals and businesses around the world.
Dorsey also emphasized that if the company really wants to launch this system, it will follow the existing model of cryptocurrency hardware wallets, "cooperate with the community and build it openly"; and the team led by Square hardware director Jesse Dorogusker will begin in-depth technical research on the feasibility of this project.
Dorsey then shared some of his thoughts and questions about building this system under this tweet.

In his view, mining needs to be more decentralized, energy consumption should be more efficient, and the method should be as simple and easy as "plug and play"; but currently chip design capabilities are concentrated in a few companies, which means that supply is likely to be limited, and the current mining system does not pay enough attention to integrating the entire industry chain from hardware, software to products and distribution.
As of press time, Bitcoin continued its upward trend that began at the end of last month, with an increase of 2.8% to $62,000 per coin, just 3% away from its historical high of $64,000.

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