Tether CTO Paolo Ardoino stablecoin issuer Tether implied that operations are based in Latin America, but hesitated to disclose further details and recently found himself dealing with rumors about images of large industrial containers on the Internet. This speculation led him to reject questions about where Tether is mining Bitcoin.
In a post on X (previously known as Twitter) on August 26th, Ardoino shed light on the curiosity sparked by the photo he shared on August 24th. The image showed a container with the Tether Energy logo photoshopped on it, leading many to wonder what it was.
“One of #Tether energy production and #Bitcoin mining sites coming along well. pic.twitter.com/6Z8o6A5OaE
– Paolo Ardoino (@paoloardoino) August 24, 2023”
He clarified that the photo shows a control room at a Bitcoin mining facility that Tether is completing and in which it will soon begin operations.
However, Ardoino has firmly said that he will not disclose the location, thus responding to numerous users who have asked about it. Although he mentioned that the location is somewhere in Latin America, he did not add further details for security reasons.
Where? In Latin America
Ardoino indicates that they tend not to share exact locations to avoid harassment from staff, a valid concern given the number of Tether-obsessed detractors, admitting that it has led many Tether skeptics to question its legitimacy. “You can almost hear some of them screaming, “Nooo if you don’t tell us the address, zip code, last name of the cow eating the grass nearby then it’s not real!!!!!”
He addressed skeptics who were curious about the photoshopped logo appearing on the garbage cans, explaining that it was a deliberate media decision.
Ardoino noted that they thought the photo would be shared in newspapers, so the team wanted to brand it. However, he believes that displaying logos on mining sites would not be wise from a safety standpoint, and also, putting giant Tether logos would not be great from the standpoint of physical privacy of the facility.
Ardoino anticipated that operations would possibly begin in September. The work is progressing at a good pace, and the whole team is very excited and working against the clock to get up and running in the next few weeks.
This comes on the heels of news that Tether is developing mining software aimed at providing more transparency at Bitcoin mining sites.
On August 17th in an interview with Cointelegraph, Ardoino explained that Tether is working on a mining software called Moria, which provides more comprehensive data analytics on power production at a Bitcoin mining facility.
He emphasized the need for improved analytics and performance reviews in Bitcoin mining. He believes Moria will help assess the performance of the facility and the surrounding environment:
If the power the mining facility uses is wind or solar, there are optimization parameters, such as the predicted wind speed for a particular day or a particular time of the day, that could be used to overclock some of the miners and increase production.
By Leonardo Pérez
