Tether, the issuer of USDT, has announced a strategic move to deploy Bitcoin hashrate on OCEAN, a decentralized mining protocol founded by Bitcoin Core developer Luke Dashjr. This initiative aims to reduce reliance on centralized mining pools and enhance censorship resistance in Bitcoin mining.
Strengthening Decentralization in Bitcoin Mining
OCEAN provides an alternative to dominant mining pools such as Foundry USA, AntPool, and ViaBTC, which collectively control over 66% of Bitcoin blocks mined.
By integrating OCEAN’s DATUM Gateway software, Tether aims to empower miners to generate their own block templates, reducing dependency on centralized intermediaries. This approach enhances network resilience and ensures that Bitcoin mining remains open and censorship-resistant.
Expanding Operations to Underserved Regions
Tether plans to deploy OCEAN’s technology across its mining operations, particularly in rural and underserved regions, including parts of Africa, Uruguay, Paraguay, and El Salvador. The company believes that enabling on-site generation of unique block templates will improve low-latency mining performance and promote geographic and operational diversity.
Shogun Lin
