Jack Dorsey’s company plans to develop “next generation” ASIC miners

Block Inc, owned by Jack Dorsey, is looking for specialists to create next generation ASIC miners. Block wants to break the Chinese monopoly on ASIC production.

Jack Dorsey has stepped down as CEO of Twitter to focus on Bitcoin mining. Dorsey-owned payments company Square rebranded its name to Block late last year. The new name is intended to better reflect the new direction of activity, highlighting the interest in blockchain and cryptocurrencies.

According to an announcement on LinkedIn, the company has opened a vacancy for the position of Lead Digital Design. The announcement states that the new employee will be part of a dedicated Block team working on ASIC miners and will work closely with developers who are implementing other tasks.

Applicants for the position require a Bachelor of Science degree in Electrical Engineering (BSEE) or Applied Science and at least 10 years of work experience. The employee must have a good understanding of the full design cycle from RTL to GDSII, including at the chip level. In addition, the developer must be familiar with Change Data Capture (CDC), STA, LINT technologies, Design-for-test (DFT) and Cadence programming language.

To get a share of the ASIC miner market, Block will have to compete with strong competitors. Chief among them is Bitmain, a Chinese mining hardware manufacturer that has dominated the market for several years. Bitmain is also engaged in bitcoin mining on its own farms. Previously, Dorsey criticized the mining industry for concentrating the production of ASIC miners in the hands of a few companies, mainly Chinese, and promised to make the market more decentralized.

In October, the company announced that it would be studying the technical requirements for an open source bitcoin mining system.

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