Tether CTO Paolo Ardoino says Bitcoin mining needs better analytical tools
Stablecoin issuer Tether (USDT) is building specialized software to optimize Bitcoin mining and renewable energy operating using data analytics, following recent investment endeavors into both categories.
In conversation with Cointelegraph, Tether CTO Paolo Ardoino expanded upon details of its in-development mining software which aims to deliver improved analytics and performance of mining sites.
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Moria, named after the dwarven mining kingdom from The Lord of the Rings trilogy, is being built by Ardoino and a team of developers. Tether's CTO had previously shared details of the software in a recent social media post.
Tether is investing in renewable energy production (with excess reserves / profits) and sustainable #bitcoin mining.While there are ton of cloud-based bitcoin mining trackers, everything I've seen so far is not really customizable and lacks of deep-level orchestration…
Ardoino says that while the ecosystem has a number of cloud-based Bitcoin mining trackers, these lack a high degree of customizability and “deep-level orchestration capabilities” which has left a gap in the market for a solution that analyzes real-time data to optimize mining and energy outputs.
Ardoino said that having access to deep data sources of an energy production site or a mining site requires complex and efficient analytical tools in order to understand the performance of a site and its surrounding environment.
Tether has been actively investing in energy production and Bitcoin mining using a portion of excess reserves of USDT. Ardoino said that ensuring data produced by a variety of devices including miners, containers and electric transformers is recorded,
Read more on cointelegraph.com
