The American billionaire tech entrepreneur, Jack Dorsey, best known as the co-founder and CEO of Twitter and the founder and CEO of the financial services and digital payments company Square, left the crypto community on Twitter wondering what was implied by the enigmatic number ‘705742’.

The ambiguity of his brief numerical tease opened the floodgates for rumors about Dorsey’s recently released Bitcoin (BTC) Mining plans.

The mining puzzle

On Tuesday, while the entire crypto market was focused on Bitcoin’s price momentum, Dorsey tweeted a simple six-digit number that piqued the interest of his 5.7 million followers.


– jack⚡️ (@jack) October 19, 2021

“Gone at 117,” was Dorsey’s follow-up tweet after Bitcoin’s price officially topped its previous record.

Dorsey’s ambiguous tweet made some commentators suspect that the number implied his “block count” prediction of when Bitcoin would surpass the all-time high (ATH) from last April.

I think guessing what #btc block we are in when we break the ath is more likely to be what it is alluding to 👍

– J HODL (@sathungrysimp) October 19, 2021

The notorious Bitcoin proponent tweeted his enigmatic mockery just days after revealing Square’s latest plans to further democratize the lucrative Bitcoin mining business.

You think @jack mined the #Bitcoin for block 705742 with the new miner stuff he was talking about?

– Gabe Harris (@ gabeh730) October 20, 2021

Square’s open source mining system

Last Friday, Dorsey revealed the latest intentions to bring bitcoin mining to the masses on Twitter Square.

Square is considering building a custom silicon and open source Bitcoin mining system for individuals and businesses worldwide. If we do this, we would be following our hardware wallet model: building in collaboration with the community in the open. First, a few thoughts and questions.

– jack⚡️ (@jack) October 15, 2021

According to him, the company is considering “building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide”.

He stressed the need to continue “building outdoors in collaboration with the community” and added that the mining system would follow the “hardware wallet model”.

“The mining needs to be more distributed,” he noted, recalling that “the more decentralized it is, the more resilient the Bitcoin network becomes.”

“Energy is a system-level problem that requires innovation in silicon, software and integration,” he said, highlighting the importance of improving the clean and efficient use of energy.

“Bitcoin mining should be as easy as plugging a rig into a power source. There aren’t enough incentives for individuals today to overcome the complexities of running a miner for themselves, ”Dorsey continued, arguing that mining should become more accessible to everyone.

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