Tether Shifts Bitcoin Hashrate to OCEAN for Fairer Mining
Jakarta, Pintu News – Tether, usually known for its USDT stablecoin, is now in the spotlight with its bold move: allocating Bitcoin (BTC) computing power to OCEAN, a mining pool that supports decentralization. This move is not only about mining techniques, but also an attempt to reduce the centralization that still lurks in the Bitcoin (BTC) mining world.
Tether’s Move Toward Fairer Bitcoin Mining
Imagine if the world’s Bitcoin (BTC) mining power was controlled by just a handful of big players – it seems like the game would be decided from the start. Tether doesn’t want that to happen. By moving its hashrate to OCEAN, Tether is trying to encourage a more open mining model.
Through an open-source technology called DATUM, OCEAN allows miners to create their own block templates without having to rely on a control center. In addition, Tether will also install software called DATUM Gateway in its mining operations, including in remote areas such as in some parts of Africa.
The goal is to keep local miners connected to the global network without having to worry about losses due to latency or limited access. This strategy also expands Tether’s geographic reach while maintaining efficiency.
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More than Just Mining: Tether’s Strategic Move
On the other hand, this move is in line with another move from Tether in early April, when they added 8,888 Bitcoin (BTC) to their reserves. According to a report from CNF, this is part of their strategy to allocate 15% of the company’s profits to long-term Bitcoin (BTC) accumulation.
So, while strengthening the mining sector, Tether is also strengthening its position as one of the largest holders of Bitcoin (BTC). However, Tether’s story doesn’t end here. Amid an increasing number of crypto companies struggling to access funds through traditional channels-remember the downfall of BlockFi, Celsius, and Genesis?
Tether has emerged as a reliable source of liquidity. With large reserves and a strong global network, Tether is now a refuge for many crypto projects struggling to catch their breath.
Tether’s Future Vision
Recently, Paolo Ardoino, Tether’s CEO, also gave hints of a change in the company’s direction. In a tweet, he hinted at adjusting the composition of the reserves. Although he didn’t elaborate further, the market reacted immediately. The Tether (USDT)/USD exchange rate fell slightly from $1.0002 to $1.0001, but its trading volume actually jumped 5% in just one hour.
It looks like the market does have a very sharp radar for Tether’s movements. And speaking of the future, on April 7, Ardoino spoke to the Financial Times. He said that Tether is considering launching a new stablecoin that will only circulate in the United States. Of course, all of this depends on the direction of regulatory policy there. However, one thing is clear: if the White House considers stablecoins important, Tether doesn’t want to be left behind.
Conclusion
With this bold move, Tether not only seeks to decentralize Bitcoin (BTC) mining, but also strengthen its position in the global crypto ecosystem. This move demonstrates Tether’s commitment to innovation and fairness in blockchain.
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Reference
- Crypto News Flash. Tether Reroutes Bitcoin Hashrate to Ocean for Fair Mining. Accessed on April 15, 2025
- Featured Image: Decrypt