Paolo Ardoino, the chief technology officer of Tether, hinted that the company’s activities were situated in South America but refrained from providing any further information.
Chief Technology Officer of stablecoin issuer Tether, Paolo Ardoino
$1.00, who recently discovered himself responding to web rumors regarding pictures of big industrial containers. He dismissed inquiries concerning the locations of Tether’s Bitcoin mining because of these conjectures.
He clarified that the image depicts a control room at a Bitcoin mining facility that Tether is in the process of completing and will soon start using.
In response to multiple individuals who had asked about the location, Ardoino nonetheless firmly maintained he would not reveal it.
He did state that the location of the site is somewhere in South America, but for security purposes, he withheld more information.
“Where? with LATAM. Given the number of people who are obsessed with Tether, we tend not to provide precise locations to prevent employee harassment,” he said, acknowledging that this has caused many Tether skeptics to doubt the validity of the service
Nearly all of them can be heard yelling, “No, if you don’t tell us the address, zip code, and surname of the cow that is eating the grass nearby, then it’s not real!”
He explained that it was a purposeful media decision for those who had questions about the photoshopped logo that appeared on the containers.
The crew wanted to brand the image because they believed it would be circulated in publications, according to Ardoino. However, he argues that from a security perspective, having logos displayed at the mining sites would not be a prudent move:
Moreover, it would not be ideal from the standpoint of physical privacy to have enormous Tether branding on the website.
He expects business to get going 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 said.
Related: Mining 1 BTC costs 783x less in Lebanon than in Italy, according to a CoinGecko report
This follows reports that Tether is creating mining software with the goal of increasing openness inside the Bitcoin mining sector.
According to an interview Ardoino gave to Cointelegraph on August 17, Tether is developing a mining program called Moria that offers more in-depth data analytics on the energy generation at Bitcoin mining facilities.
According to Ardoino, better analytics and performance evaluations in Bitcoin mining are required. He thinks Moria will help in assessing the site’s functionality and environment.
There are optimization criteria, such as the projected wind speed for a particular day or a given hour of the day, that might be used to overclock some of the miners and increase productivity if the mining site uses solar or wind energy.