Cryptocurrency NewsEnhancing BTC Mining Efficiency: Tether's Innovative Software

Enhancing BTC Mining Efficiency: Tether’s Innovative Software

The main objective of the newly introduced Tether BTC mining software is to optimize the management of mining capacity, enhancing the efficiency of operations. Tether developers plan to release innovative JavaScript libraries that will simplify the transmission of commands and signals to popular Bitcoin mining hardware such as WhatsMiner, AvalonMiner, and Antminer.

According to Paolo Ardoino, the chief technology officer of Bitfinex and Tether, some parts of the mining software might be made available on open-source platforms in the future. The focus remains on improving mining capacity management to make operations more effective.

Ardoino emphasized his involvement as a core contributor to Moria, an orchestration instrument for mining farms. Recent advancements in the software have been made using Holepunch technology. Moria facilitates communication among various components within the BTC mining ecosystem, promoting streamlined, secure, attack-resistant, and cost-efficient interactions.

In this context, Ardoino clarified that every miner will possess a unique public/private key, enabling encrypted and secure data streaming through hyper cores and receiving commands via hyper swarms. This approach simplifies firewall configuration, enhances resilience to failures, allows easy replication across sites, and improves maintainability and modularity compared to previous attempts.

Despite facing legal and regulatory challenges, Tether continues its involvement in the cryptocurrency mining sector. The company expressed its commitment to allocate a portion of monthly profits towards acquiring BTC and announced an investment in energy production and sustainable BTC mining in Uruguay, collaborating with a local firm.

Uruguay’s renowned renewable energy infrastructure, fueled by its abundant natural resources, ensures that nearly 100% of its electricity is derived from renewable sources.


Join us

- Advertisement -