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Crypto Giant Unveils Revolutionary Bitcoin Mining Software

Crypto Giant Unveils Revolutionary Bitcoin Mining Software

The company behind the largest cryptocurrency by trading volume, Tether, has new software for it Bitcoin mining revealed. The Javascript-based software is intended to make Bitcoin (BTC) mining significantly more efficient and profitable. It should be finished in the not too distant future and then be published on the internet.

Tether at the starting point of the mining software

Tether is a major player in the Bitcoin mining industry. The company is working hard to establish a large operation in Uruguay, where there is a lot of sustainable energy. Tether has also been hard at work on one of the biggest El Salvador is one of the largest bitcoin mining operations in the world.

It is therefore not surprising that Tether is working hard to optimize the technology on which it works. In a tweet, Tether CTO Paolo Ardoino shared the news that the software is nearing completion. Tether has developed a large amount of Javascript-based files.

According to Ardoino, the software for the bitcoin mining industry must be revolutionary. It should make bitcoin miners far more efficient, reducing costs and increasing profits. Over time, Ardoino might need the software open-source so everyone can work with it and customize it.

The stablecoin giant starts mining bitcoin stocks

Tether is the company behind the giant namesake stablecoin Tether (USDT). To enable this coin, which is held stable at $1, Tether needs a lot of collateral. Bitcoin can also be used to keep the currency at a stable value. Hence, Tether has started setting up several mining companies to increase its bitcoin supply.

The company chose Uruguay because of its robust energy grid. After all, bitcoin mining requires a lot of energy and Uruguay can make this possible. The South American country is also known for the large proportion of sustainable energy. The country turns Almost 98% on wind and solar energy.

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