Jack Dorsey started solo mining
The details of cryptocurrency mining remain unknown for now
26.01.2022 - 13:05
332
1 min
0
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.
Useful material?
Telegram 
Twitter Market
According to analysts, the actions of the US Treasury will lead to an outflow of liquidity and negative scenarios for the market
Jun 5, 2023
Mining
The bribe became a record for law enforcement officers in Russia
Jun 5, 2023
Incidents
The project’s team stated that less than 1% of monthly active users were affected by the attack
Jun 5, 2023
Market
Experts have linked this to the upcoming halving on the altcoin’s network
Jun 2, 2023
Market
The group of investors amended the claim they filed in June 2022 about a pyramid scheme
Jun 2, 2023
Market
The Russian fintech company B-crypto is responsible for the technical support of the process
Jun 2, 2023
Cryptocurrency rates
-
Bitcoin
$25 736
BTC
-5.38%
-
Ethereum
$1 814.27
ETH
-4.5%
-
Ripple
$0.5
XRP
-7.47%
-
Cardano
$0.35
ADA
-7.59%
-
Dogecoin
$0.07
DOGE
-8.85%
-
Litecoin
$87.52
LTC
-8.99%
-
Polkadot
$5.04
DOT
-5.42%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$141.43
XMR
-5.33%
-
Stellar
$0.09
XLM
-4.66%