Tether introduces mining software to improve capacity and efficiency
The major goal of the newly developed Tether BTC mining software is to improve mining efficiency via better control of mining capacity.
Some of this mining software will eventually be made accessible on open-source platforms, as stated in an article published by Bitfinex and Tether CTO Paolo Ardoino on August 5. The major goal of the newly developed Tether BTC mining software is to improve mining efficiency via better control of mining capacity.
Ardoino highlighted his contribution to the design of Moria, an orchestral instrument for mining farms. All of the new developments, in particular, rely on Holepunch technology.
The CTO of Tether already posted some useful information on Moria’s features. This mining tool facilitates coordination between nodes in the Bitcoin mining ecosystem, making it possible for nodes to communicate with one another in a way that is streamlined, secure, attack-resistant, and cost-effective.
When asked how encrypted data streaming (hyper cores) and command receipt would be possible, Ardoino responded that each device/miner will have its own unique public/private key. Comparatively, this method improves maintainability and modularity, simplifies firewall setup, increases resilience to failures, facilitates simple replication between locations, and minimises complexity.
Tether has shown its dedication to the cryptocurrency mining industry by continuing to participate despite facing legal hurdles and governmental enforcement activities.
Tether, the issuer of the stablecoin, recently made a statement about its investment in renewable energy and Bitcoin mining after it became public that it would be using a percentage of its monthly income to buy Bitcoin. The crypto protocol launched Tether Energy to aid in these endeavours via a partnership with a licenced local enterprise in Uruguay.
Uruguay’s renewable energy infrastructure is among the best in the world. In particular, the country’s tremendous natural resources allow it to generate over one hundred percent of its power from renewable sources. With the current favourable circumstances, Tether is certain it has made the right choice.