Paolo Ardoino, Tether’s CTO, implied that the operations are founded in South America but failed to divulge additional information.
Recently, the CTO of stablecoin provider Tether, Paolo Ardoino, found himself addressing reports concerning images of big industrial containers. This resulted in him rejecting questions regarding the Bitcoin mining locations.
Tether’s Energy Facilities Unveiled in South America
Via a post on X (originally Twitter) on August 26, Ardoino spoke about the curiosity evoked by the photograph shared two days before that showed a container with a photoshopped Tether Energy symbol. This left most people wondering what was hosted within the containers.
Paolo explained that the photo depicted a control room at one of Tether’s Bitcoin mining sites and was at the time completing and would shortly start running. Nevertheless, he responded to several users who inquired about it by firmly claiming that he would not reveal the location.
Despite mentioning that this site was located somewhere in South America, he failed to provide more information due to security reasons. Specifically, he stated that failing to disclose the location was a means to avert personal harassment. This is a valid concern owing to the several critics obsessed with Tether. He also added that the situation resulted in several Tether doubters questioning its legality.
He communicated to skeptics who were inquisitive about the photoshopped symbol on the containers by revealing that it was a thoughtful decision by the media. Ardoino claimed that it was believed that this photo would have been shared in newspapers, so the team intended to brand it. Nevertheless, he is confident that from a security point of view, displaying logos at the mining sites would be unwise.
Tether Targets Mining Software to Deliver Transparency in Bitcoin Mining
He expects operations to begin sometime in September. He stated that the site’s progress was on course, and every person on the team was thrilled and working hard to begin operations in the next few weeks. This follows news that Tether was creating mining software to offer more transparency within the Bitcoin mining industry.
Via an interview on August 17, Paolo revealed that Tether was working on a mining software referred to as Moria to offer more detailed information analytics concerning energy production linked to Bitcoin mining sites.
Tether Pursuing Mining Software Project on Energy Production Within Bitcoin Mining Sites
Further, he underscored the need for improved analytics and performance assessment in Bitcoin mining. He is confident that Moria will aid in evaluating the site’s performance as well as the immediate setting.
Paolo stated that in case energy utilized by the mining site is solar or energy, optimization parameters, for instance, projected wind speed for a certain day or particular hour of the day, can be utilized to overclock some of the miners and enhance production.
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