Jack Dorsey, Twitter CEO, has announced that he is “trying” to mine Bitcoins through Compass Mining. This company not only operates and hosts the machines but also provides them for customers who don’t want to build and maintain their own.
CNBC reports that the initial hardware cost of Bitcoin mining is $8,200 USD and miners make a profit of around $33 USD per day. This comes after Dorsey, the CEO of Twitter, expressed great faith in Bitcoin and his belief in its value. His other company Square launched a hardware wallet for Bitcoin in July. This was shortly before he started an entire business around TBD.