Following recent investments in both categories, stablecoin issuer Tether (USDT) is building specialized software that uses data analytics to optimize bitcoin mining and renewable energy operations.
In a conversation with Cointelegraph, Tether CTO Paolo Ardoino detailed the details of the mining software it is developing to provide improved mining farm analytics and performance.
Related: Tether’s Game Plan in El Salvador: Why Invest in Volcanic Energy?
Moria, named after the dwarven mining kingdom lord of the rings trilogy, being built by Ardoino and a development team. The Tether technical lead 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 development #bitcoin mining.
While there are tons of cloud-based bitcoin mining trackers, none of the ones I’ve seen so far are really customizable and lack deep orchestration…
— Paul Arduino (@paoloardoino) August 15, 2023
Ardoino said that while the ecosystem has many cloud-based bitcoin mining trackers, these trackers lack a high degree of customizability and “deep orchestration capabilities,” leaving a gap in the market for a solution capable of analyzing real-time data. blank. Optimize mining and energy output.
“So far, most of the software used by mining companies has been basic cloud solutions with simplified interfaces that provide an overview of the current state of a bitcoin mining site.”
Accessing deep data sources at an energy production site or mining site requires sophisticated and efficient analytical tools to understand the performance of the site and its surroundings, Ardoino said.
“If the energy source used by the mine is wind or solar, there are optimization parameters, such as the predicted wind speed for a specific date or time of day, that can be used to overclock certain miners and increase production.”
Tether has been actively investing in energy production and Bitcoin mining using some of its excess USDT reserves. Ensuring real-time recording, monitoring and analysis of data generated by various devices including miners, containers and power transformers is critical to streamlining operations, Ardoino said.
His most recent X posts Inferred Value gained from a Bitcoin mining site consisting of thousands of physical mining units stored in multiple containers connected to thousands of devices. The tech executive likened the mining farm to an IoT project that generates millions of data points.
Ardoino added that Moria’s current development is focused on its bitcoin analysis tool, before the software will expand to cover energy production.
“There are also solar panels, windmills, etc., which can provide an incredible amount of information.”
Ardoino described Moria’s software as a Holepunch-based scalable and modular architecture capable of collecting, aggregating and analyzing data from a variety of devices to optimize bitcoin mining.
Tether recently announced that it will invest $1 billion in the El Salvador volcano energy project, directing shareholder profits to energy infrastructure and bitcoin mining operations. In another wide-ranging interview with Cointelegraph, Ardoino outlined the reasons behind Tether’s move.
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