Tether CTO Addresses Rumors and Secrecy Surrounding Bitcoin Mining Operation
Summary:
Tether's CTO addresses rumors and skepticism surrounding edited images of industrial containers and the undisclosed location of their Bitcoin mining site. Paolo Ardoino clarifies the purpose of the shared photo and the deliberate use of the Tether logo, while emphasizing concerns about personnel harassment and privacy. Operations are expected to start in September, and Tether is also developing mining software for improved energy production analytics.
Tether's chief technology officer, Paolo Ardoino, recently addressed rumors surrounding edited images of industrial containers, choosing to dismiss questions about the location where Tether is mining Bitcoin. In a tweet on August 26, Ardoino clarified that the photo he shared on August 24 depicted a control room at a Bitcoin mining site being finalized by Tether. However, he firmly stated that he would not disclose the exact location due to concerns about personnel harassment, citing the number of Tether skeptics as the reason for his decision. Ardoino also explained that the photoshopped Tether logo on the containers was a deliberate media choice, considering privacy and security. He expects operations at the mining site to begin in September. Meanwhile, Tether is developing a mining software called Moria, aimed at providing better data analytics for energy production at Bitcoin mining sites, as Ardoino discussed in an interview with Cointelegraph earlier this month.
Published At
8/27/2023 2:14:41 AM
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