JAKARTA - Tether, a well-known stablecoin publisher, is preparing to launch new mining software directed to provide commands and signals to Bitcoin (BTC) mining hardware such as WhatsMiner, AvalonMiner, and Antminer. This step is expected to optimize efficiency in mining activities.
The Bitcoin Tether mining software is described as "high quality, dipoles, and modular," which will help manage mining capacity more efficiently. Paolo Ardoino, CTO Bitfinex and Tether, tweeted on August 5, revealing that some components of the software will be released as an open-source platform. Ardoino also highlighted his contributions to the development of Moria architecture, an orchestration tool in mining activities.
This development is implemented by adopting Holepunch technology, where Tether sees the potential in providing smoother and more efficient communication between equivalences in the BTC mining ecosystem. Moria, worked on by Ardoino, aims to increase interaction in mining ecosystems in a safe, efficient, and cost-effective manner.
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Ardoino explained, "Every device/miner will be identified by the pub/priv key and can stream data (hypercores)/accept commands (via hyperswarms) in an encrypted and secure manner. The complexity of the firewall configuration is lower, more resistant to failure, easy replication across the site. It feels easier to maintain and modular than anything we are trying at this time."
This success demonstrates Tether's commitment to embracing technological innovation in order to improve the Bitcoin mining sector. In the midst of legal challenges and regulatory enforcement, Tether continues to move forward by making various efforts to strengthen its role in the crypto ecosystem.
After announcing the allocation of the percentage of profits to buy BTC, Tether revealed its investment in sustainable BTC energy production and mining. Through partnerships with licensed companies in Uruguay, Tether Energy was founded as a step in leveraging cutting-edge technology and financial innovation to carry out mining activities while relying on renewable energy sources to reduce environmental impacts.
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