Tether CTO Paolo Ardoino talks about Bitcoin mining
CTO Ardoino said that Bitcoin mining needs better analytical tools. The CTO also talked about Tether’s initiative on this issue.
Tetjer CTO Paolo Ardoino says Bitcoin mining needs better analytical tools
Tether’s CTO, Paolo Ardoino, stated that Bitcoin mining needs better analytical tools. Ardoino states that stablecoin provider Tether has developed a custom Bitcoin mining software aimed at optimizing mining operations and increasing production. Tether is working on proprietary software to optimize Bitcoin mining and renewable energy using data analytics.
In an interview with Cointelegraph, Paolo Ardoino explained that the mining software under development aims to offer advanced analytics and performance of mining sites. Named “Moria” from the dwarf mining kingdom in the Lord of the Rings trilogy, this software is designed by Ardoino and a team of developers. Tether’s CTO previously shared details of the software on social media.
Ardoino notes that despite the ecosystem’s existing cloud-based Bitcoin mining audience, they are not customizable enough and lack deep-level editing capabilities. He emphasizes that this creates a gap for a solution capable of real-time data analysis. According to him, more sophisticated analytical tools are needed to optimize mining and energy outputs.
Ardoino states that to understand the performance of a power generation or mining site, access to deep data sources is required. He states that parameters such as predicted wind speed can be used in mining and production optimization, especially if wind or solar power is used.
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