Paolo Ardoino, the CTO of Tether, recently shared new information about the company’s innovative new Bitcoin mining software, Moria, via a post on X. This announcement follows Tether’s recent statement about their entry into the optimization of commands and signals for well-known BTC mining hardware.
According to Ardoino, the orchestrator module for Moria will be called Ork. He highlighted a significant gap in the current market, noting that while there are many cloud-based Bitcoin mining trackers available, they are not customizable and lack deep-level orchestration.
Moria aims to fill this gap by providing a customizable and powerful solution for Bitcoin mining. The software is expected to revolutionize the way Bitcoin mining is done, making it more efficient and profitable for miners.
Tether’s move into the Bitcoin mining space is an exciting development, as the company is known for its innovative approach to technology. With Moria, Tether hopes to bring a new level of sophistication to the world of Bitcoin mining.
Tether is Committed to Improving the Bitcoin Mining Sector
Ardoino emphasized the software’s scalability, mentioning the use of Holepunch P2P data structures and streaming techniques, which will allow Moria to accommodate tens of millions of devices and enable dynamic grouping and orchestration.
Tether recently announced impressive results for Q2 2023, reporting a profit close to one billion US dollars. The company is actively involved in the mining sector, including a billion-dollar investment in mining facilities in El Salvador, demonstrating its commitment to the industry. Tether is using its excess reserves and profits to invest in sustainable Bitcoin mining.
Ardoino expressed his excitement about Moria’s trajectory in a tweet, stating that he is “Super excited” about the software’s future. Tether has plans to release its new Bitcoin mining software, Moria, on open-source platforms. This has generated a lot of excitement within the Bitcoin mining community, as they eagerly await the launch of this innovative new software.
It will be interesting to see how Moria performs once it is released and how it will impact the Bitcoin mining industry. As always, developments in the cryptocurrency space are fast-paced and exciting, and Tether’s new software is sure to be a game-changer. BTC is currently trading at $29.350
