- The CEO of Twitter and Square — Jack Dorsey tweets that he is now ‘mining Bitcoin’.
- He mentioned that he is using the third-party service — Compass Mining.
On Tuesday, Twitter and Square CEO — Jack Dorsey, surprised the crypto space with his news about starting Bitcoin mining using the third-party service — Compass Mining. This was first seen in his reply to a tweet.
Actually, Jack Dorsey has a habit of replying to people’s tweets, which he finds interesting. His reply to this tweet got a lot of attention and quickly entrapped everyone with his news.
People know Dorsey for being a Bitcoin maximalist. Along with this, he showed backing in big Bitcoin projects. He also shows appreciation for Bitcoin’s whitepaper in the past years. In addition, he even said that
it [Bitcoin] creates world peace or helps create world peace.
To note, Compass Mining is a service that provides and hosts ASIC mining rigs for users. It allows you to join your chosen mining pool. Also, it has all the necessary tools to help one secure the network and compete for rewards.
Now, going back to Jack Dorsey, his recent tweet confirms that he’s now into Bitcoin mining. He did not elaborate much but Compass Mining shared this as well.
To emphasize, Bitcoin mining is a process wherein new Bitcoins enter circulation. This is a critical part of the entire maintenance and development of the blockchain ledger. However, mining Bitcoins requires one to use super-powerful computers or custom-built ASIC mining rigs, which, Compass Mining does.
In fact, Dorsey’s net worth is roughly $14.6 billion according to Forbes. With this, he can totally afford to dive into mining and use the best equipment or assistance there is.
Indeed, the Bitcoin maximalist is now a miner maxing his Bitcoin.
- Top Altcoins of The Day: ADA, GRT, and CHSB
- Bitcoin is Back at $47,000, Will It Hit $50,000 Again?
- Cardano (ADA) Sets a New ATH, Forming Pattern For Another One
- ABEY To Launch XSWAP: A Decentralized Crypto Exchange on ABEYCHAIN
- Coinbase CEO Says The Company Is Adding $500M in Crypto To its Balance Sheet