Tether's New Mining Software
Tether, the stablecoin issuer, is working on specialized software called Moria that aims to optimize Bitcoin mining and renewable energy operations. The software, which is being developed by Tether CTO Paolo Ardoino and his team, will offer improved analytics and performance for mining sites. Ardoino highlighted the need for customizable and deep-level orchestration tools to analyze real-time data and optimize mining and energy outputs.
The Gap in the Market
Ardoino stated that existing cloud-based Bitcoin mining trackers lack a high level of customizability and detailed orchestration capabilities. Many mining companies rely on basic cloud solutions that provide an overview of a site's current status but lack in-depth analytical tools. Moria aims to fill this gap in the market by offering comprehensive analysis and optimization parameters.
The Importance of Data
Ardoino emphasized the significance of having access to complex and efficient analytical tools to understand the performance of mining and energy production sites. For example, if a site uses wind or solar energy, there are optimization parameters that can be used to enhance production. Recording, monitoring, and analyzing data from various devices in real time is crucial for streamlining operations.
Moria's Scalable Architecture
Moria is described as a scalable and modular architecture that can collect, aggregate, and analyze data from different devices to optimize Bitcoin mining. The software's initial focus is on Bitcoin analytical tools, with plans to expand its coverage to energy production in the future.
Tether's Investments
Tether has been actively investing in energy production and Bitcoin mining using a portion of its excess reserves. The company recently announced a $1 billion investment into El Salvador's Volcano Energy project, which aims to bolster energy infrastructure and Bitcoin mining operations. Ardoino explained the reasoning behind these investments in a separate interview, highlighting the value derived from mining sites with thousands of physical mining units and devices.
Source: The Guardian
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