Stablecoin issuer Tether is working with Canaan (NASDAQ: CAN) and ACME Swisstech to enable Bitcoin mining.
According to a note from Tether, the goal is to operate more efficiently, reducing energy usage and maximizing performance. The “modular” approach is designed to be independently optimized without completely redoing the infrastructure.
Tether lambasts the traditional Bitcoin mining method as inefficient. Mining hardware is currently “fixed, monolithic units in which performance, cooling, and upgrade cycles are tightly coupled.”
The new and improved approach is optimized based on real-time operating conditions.
Paolo Ardoino, CEO of Tether, describes traditional mining as sealed, which makes it more expensive.
“Tether is revising that concept by deploying modular compute that can be tuned, upgraded, and cooled independently, so we can directly control cost, efficiency, and how these systems perform at scale.”
Yesterday, Tether announced it was launching a new mining infrastructure called the Mining Development Kit (MDK), an open-source development framework that aims to provide Bitcoin mining operators and developers with unified control over their entire infrastructure stack.
Prior to this, Tether open-sourced its Mining OS (MOS), a mining operating system that coordinates hardware, energy, and operational data within a unified system.
