- This new Tether BTC
mining software, described as “high quality, polished, and modular,” will facilitate more efficient management of mining capacity.
- Ardoino emphasized that he was one of those contributing to the architecture of Moria, a mining farm orchestration tool.
- Despite all legal challenges and regulatory sanctions, Tether is very active in the overall crypto mining sector.
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Stablecoin issuer Tether is developing software for Bitcoin mining, aimed at more efficiently managing mining capacity.
Tether Developing Bitcoin Mining Software
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This new Tether BTC mining software, described as “high quality, polished, and modular,” will facilitate more efficient management of mining capacity. Paolo Ardoino, the Chief Technology Officer (CTO) of Bitfinex and Tether, indicated in a tweet that certain parts of this software will eventually be published on open-source platforms.
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Ardoino highlighted that he was one of those contributing to the architecture of Moria, a mining farm orchestration tool. All these recent developments are based on the Holepunch technology.
Tether’s CTO had previously tweeted about the functionality of Moria. The mining tool facilitates easy communication among elements in the BTC mining ecosystem. Moria helps them interact more smoothly, securely, resiliently, and cost-effectively.
“Each device/miner will be identified with a pub/priv key and will be able to transmit data encrypted and securely (hypercores)/receive commands (via hyperswarms). Lower firewall configuration complexity, more resilient to errors, easy replication between sites. Feels more sustainable and modular than what we’ve tried today.”
Tether’s Growth in the Bitcoin Mining Sector
Despite all legal challenges and regulatory sanctions, Tether is very active in the overall crypto mining sector. Shortly after announcing plans to allocate a certain percentage of monthly profits to purchasing BTC, the stablecoin issuer revealed investments in energy production and sustainable BTC mining. The crypto protocol initiated Tether Energy in Uruguay in partnership with a locally licensed company.
Ardoino noted that the new firm aims to control its carbon footprint by utilizing renewable energy sources using contemporary technology, sustainable practices, and financial innovation for Bitcoin mining.
Uruguay is currently recognized for its infrastructure in renewable energy, with nearly 100% of its electricity generated from renewable sources based on natural resources. Taking all these positive factors into account, it is believed that Tether has made a sound choice.