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Top related persons:
Jack Dorsey - 2 We've - 1 Dorsey - 1 Block - 1 Thomas Templeton - 1 Jack Dorsey's - 1 MacKenzie Sigalos - 1 Erik Hersman - 1
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Kenya China Malawi Zambia Nairobi Africa Lake Naivasha Venezuela
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Mining - 1 CNBC - 1 Kenyan - 1 Core - 1 Deutsche Bank - 1 Marathon - 1 United Arab - 1 Getty - 1

Search resuls for: "Gridless"


4 mentions found


☆ Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
  + stars: | 2024-04-23 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +3 min
Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system. "Building on these insights and pursuant to our goal of supporting mining decentralization, we plan to offer both a standalone mining chip as well as a full mining system of our own design." "Mining isn't accessible to everyone," Dorsey wrote when Block first entered the business of building mining hardware in 2021. "Bitcoin mining should be as easy as plugging a rig into a power source. The company was light on the details in this latest announcement, but Dorsey posted in 2021 that the company was considering a "bitcoin mining system based on custom silicon."
Persons: Jack Dorsey, We've, Dorsey, Block, Thomas Templeton Organizations: Mining Locations: China, Kenya, Malawi, Zambia
☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
  + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +9 min
watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.
Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan
☆ Jack Dorsey backed start-up taps into geothermal, hydro and solar power to run bitcoin mines across Africa
  + stars: | 2024-04-19 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJack Dorsey backed start-up taps into geothermal, hydro and solar power to run bitcoin mines across AfricaCNBC's MacKenzie Sigalos reports from just outside Nairobi, Kenya, on Gridless, a company that's using clean energy sources to power bitcoin mines that don't need to rely on the local power grid.
Persons: Jack Dorsey, Africa CNBC's MacKenzie Sigalos Locations: Africa, Nairobi, Kenya, Gridless
☆ Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa
  + stars: | 2022-12-06 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +8 min
So in February, she began spitballing creative solutions with two friends, and the three of them landed on a sort-of counterintuitive idea: bitcoin mining. The new 533 kilowatt site in Kenya where 300 kilowatts will be used for bitcoin mining. We're not doing bitcoin for bitcoin," said the lead for bitcoin mining and wallet at Block, Thomas Templeton. Block is also working on a project to make bitcoin mining more distributed and efficient. Making the mining process more accessible has to do with more than just creating new bitcoin, according to Templeton.
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