Bitcoin News

Tether CTO stays silent on Bitcoin mining locations

Tether CTO stays silent on Bitcoin mining locations

Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about edited images of large industrial containers online. These speculations led him to rejecting questions about where Tether is mining Bitcoin (BTC). 

In a post on X (formerly known as Twitter) published on Aug. 26, Ardoino shed light on the curiosity sparked by the photo he shared on Aug. 24. The image displayed a container with a photoshopped Tether Energy logo, leaving many people pondering over what it’s all about. 

He clarified that the photo shows a control room at a Bitcoin mining site that Tether is currently completing and will soon begin operations at.

However, Ardoino firmly stated he will not disclose the location, responding to numerous users who have inquired about it.

While he did mention that the site is in Latin America, he added no further details due to security reasons

“Where? In LATAM. We tend to not share exact locations to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether,” he declared, admitting that it has led to many Tether skeptics questioning its legitimacy:

“You can almost hear some of them screaming: “NOOOOOOOO if you don’t tell us the address, zip code, surname of the cow that is eating the grass nearby, then it’s not real!!!!!”

He addressed doubters who were curious about the photoshopped Tether logo appearing on the containers, explaining that it was a deliberate media decision.

“We thought that the photo would have been shared on newspapers so the team wanted to brand it,” he noted, returning back to security reasons once more:

“Moreover, putting gigantic Tether logos would not be great from physical privacy of the site point of view.”

He anticipates operations to commence 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 declared.

Related: Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko report

In an interview with Cointelegraph on Aug. 17, Ardoino explaine Tether is working on a mining software called Moria, that provides more comprehensive data analytics on energy production at a Bitcoin mining site.

Ardoino highlighted the need for better analytics and…

Click Here to Read the Full Original Article at News…