Fun

News Feed - 2023-08-27 11:08:41

Ciaran Lyons6 hours agoTether CTO stays silent on Bitcoin mining locationsTether’s chief technology officer, Paolo Ardoino, hinted that the operations are based in South America but hesitated to reveal more details.3457 Total views15 Total sharesListen to article 0:00NewsJoin us on social networksPaolo Ardoino, the chief technology officer of stablecoin issuer Tether, recently found himself addressing rumors about images of large industrial containers online, leading him to reject questions about where Tether is mining Bitcoin (BTC). 


In an Aug. 26 X (formerly Twitter) post, Ardoino shed light on the curiosity sparked by the photo he shared on Aug. 24. The image displayed a container with a photoshopped Tether Energy logo, leaving many people pondering over what it’s all about.One of #Tether energy production and #Bitcoin mining sites coming along well. pic.twitter.com/6Z8o6A5OaE— Paolo Ardoino (@paoloardoino) August 24, 2023


He clarified that the photo shows a control room at one of Tether’s Bitcoin mining sites that it is currently completing and will soon begin operations at.


However, Ardoino firmly stated he would not disclose the location, responding to numerous users who have inquired about it.


While he did mention that the site is somewhere in the continent of South America, he added no further details due to security reasons.


“Where? In LATAM. We tend to not share exact locations to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether,” he declared, admitting that it has led to many Tether skeptics questioning its legitimacy:“You can almost hear some of them screaming: ‘NOOOOOOOO if you don’t tell us the address, zip code, surname of the cow that is eating the grass nearby, then it’s not real!!!!!‘”


He addressed doubters who were curious about the photoshopped logo appearing on the containers, explaining that it was a deliberate media decision.


“We thought that the photo would have been shared on newspapers so the team wanted to brand it,” Ardoino noted. However, he believes having logos displayed at the mining sites would not be a wise approach from a security standpoint:


“Moreover, putting gigantic Tether logos would not be great from physical privacy of the site point of view.”


He anticipates operations to commence sometime in September.


“The site is progressing well, everyone in the team is super excited and working around the clock to start operations in the next few weeks,” he declared.


Related:Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko report


This comes after news that Tether is developing mining software aimed at providing more transparency within the Bitcoin mining industry.


In an interview with Cointelegraph on Aug. 17, Ardoino explained that Tether is working on a mining software called Moria that provides more comprehensive data analytics on energy production at Bitcoin mining sites.


Ardoino highlighted the need for better analytics and performance review in Bitcoin mining. He believes Moria will assist with evaluating the site’s performance and surrounding environment:“If energy used by the mining site is wind or solar, there are optimization parameters, like predicted speed of wind for a specific day or a specific hour of the day, that could be used to overclock some of the miners and boost the production.”


Magazine: Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express# Bitcoin# Twitter# Mining# Bitcoin Mining# Latin America# TetherAdd reactionAdd reactionRead moreHow to use index funds and ETFs for passive crypto incomeBitcoin gains traction in West Africa with educational driveThe future of BTC mining and the Bitcoin halving

News Feed

Rakesh Upadhyay5 hours agoPrice analysis 8/9: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTBitcoin’s sharp recovery to $30,000 proves that bulls are buying BTC and altcoins at lower support levels.1111 Total view
Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Rakesh Upadhyay4 hours agoPrice analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBAltcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 leve
Fintech Unicorn Flutterwave Granted ‘Game Changing’ License by Nigerian Central Bank
Fintech Unicorn Flutterwave Granted "Game Changing" License by Nigerian Central Bank The Nigerian fintech Flutterwave has said the switching and processing license it recently rece
Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones
Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones On Saturday, August 27, 2022, the global market capitalization of all the crypto
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
China Testing Digital Currency in Major Cities, Including Beijing and Hong KongChina’s Ministry of Commerce has announced the pilot run of the country’s central bank-bac
​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX)
​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX) press release PRESS RELEASE. GensoKishi is pleased to announce that the MV (Metaverse) token has bee
YIELD App Named Official Partner of Premier League Football Club West Ham United
YIELD App Named Official Partner of Premier League Football Club West Ham United press release PRESS RELEASE. YIELD App, a FinTech company, is thrilled to announce it has become the
AT&T Sued by Customer After Security Breach Led to Theft of Cryptocurrency
AT&T Sued by Customer After Security Breach Led to Theft of Cryptocurrency An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “
Institutional DeFi players will bring commercial real estate onchain: KPMG exec
Brayden Lindrea3 hours agoInstitutional DeFi players will bring commercial real estate onchain: KPMG execDeFi activity from institutions would be more “permissioned” as market participants will want to know who they
New Meme Coin Presale Promises to Snort Explosive Gains in 2025: Snorter ICO Goes Live
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
President Lukashenko Signs Decree to Create Crypto Wallet Register in Belarus
President Lukashenko Signs Decree to Create Crypto Wallet Register in Belarus President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It
FTX claim window prices Bitcoin, Ethereum, others below market rates
Amaka Nwaokocha35 minutes agoFTX claim window prices Bitcoin, Ethereum, others below market ratesCryptocurrency users whose assets were affected by FTX’s bankruptcy took to X social platform to express their concerns,