Tether plans to open-source Bitcoin mining OS; CEO says 'no need' for 3rd party vendors

Stablecoin issuer Tether plans to open-source its Bitcoin mining software, a determination the institution said would let caller miners to participate the marketplace without relying connected costly third-party vendors.

By open-sourcing its Bitcoin Mining OS (MOS), “A horde of caller Bitcoin mining companies volition beryllium capable to participate the crippled and vie to support the web safe,” Tether CEO Paolo Ardoino said successful a Monday X post. 

Ardoino described MOS arsenic scalable and modular, “built with a peer-to-peer [Internet of Things] architecture astatine its core.” 

The caller operating strategy volition enactment existing mining infrastructure, including respective containers and different powerfulness devices, helium said. 

Ardoino said the task is expected to beryllium rolled retired by the 4th fourth of 2025.

Source: Paolo Ardoino

The caller task expands connected Tether’s ongoing efforts to beforehand decentralization wrong the Bitcoin ecosystem. In April, the institution partnered with the Ocean mining pool to assistance decentralize artifact gathering by committing its existent and aboriginal hashrate to the protocol.

Related: Tether USDT stablecoin seen connected Bolivian store terms tags

Bitcoin miners are diversifying

Large Bitcoin miners person a important vantage implicit smaller players owed to their economies of scale, quality to negociate favorable powerfulness contracts and accrued hashrate. However, adjacent these ample players are diversifying their concern strategy to stay competitory successful a post-halving world.

Some miners person built ample Bitcoin (BTC) treasuries to payment from the asset’s terms appreciation during the bull market, portion others person repurposed NGUs for artificial quality applications. 

For Hive Digital, gross from AI workloads has generated importantly much income than crypto mining, which has prompted the institution to put much heavy successful this area.

“Institutions are overmuch much funny successful america with our AI than Bitcoin,” Frank Holmes, Hive’s enforcement chairman, told Cointelegraph successful September.

Still, immoderate companies person gone each successful connected Bitcoin by shedding little competitory parts of their operations. Bitcoin miner Cango, for example, generated implicit $100 cardinal worthy of Bitcoin successful conscionable 2 months aft selling disconnected its bequest operations to absorption solely connected its mining business.

Magazine: ETH whale’s chaotic $6.8M ‘mind control’ claims, Bitcoin powerfulness thefts: Asia Express