Jack Dorsey started solo mining

The details of cryptocurrency mining remain unknown for now

26.01.2022 - 13:05

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1 min

What’s new? Jack Dorsey, Block’s CEO, is now engaged in mining solo. This was reported by the online magazine Bitcoin Magazine on Twitter. The published post did not give any details on what digital asset Dorsey is mining or what equipment he is using.

JUST IN - Block CEO Jack Dorsey is solo mining #bitcoin 🙌 pic.twitter.com/sfQULexT6o— Bitcoin Magazine (@BitcoinMagazine) January 25, 2022

How did the Twitter users react? The post has sparked varying reactions in the cryptocurrency space of the social network. Some were very positive and others were negative about the information posted. Some users have noted that solo mining is not profitable, it can take years to mine a single block.

What had happened before? Dorsey’s company Block has been actively looking for candidates to help them with bitcoin mining projects in recent weeks. In line with this, there are plans to develop an ASIC system for mining. The project is expected to solve the energy problems associated with cryptocurrency mining. In this way, the process may become more environmentally friendly.

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