Tether has directed its global Bitcoin 
$85,163 mining operations to the Ocean pool, which supports decentralized structures. This move is seen as part of the company’s strategy to counteract centralized trends in the Bitcoin network and ensure greater geographical diversity. Tether’s long-term vision focuses on enhancing network security and distributing operations in line with principles of financial freedom and open access.
Reasons for Choosing Ocean Pool
Ocean distinguishes itself from traditional mining pools by allowing miners to create their own block templates. This system offers a more transparent and participatory model by distancing block production from centralized entities. Instead of following instructions from a single source, miners can engage in the process with the blocks they create.
The open-source Datum protocol further strengthens this structure. Miners prepare block templates on their own devices and incorporate them into the system. This method provides significant advantages, especially for mining operations in rural areas with limited infrastructure.
Increasing Geographical Diversity with Datum Protocol
As a protocol operating with low-latency connections, Datum offers a fair competitive opportunity to miners worldwide. Designed to manage hundreds of connections within local networks, the protocol facilitates effective participation from users in various regions. This contributes to creating a fair mining environment both technically and economically.
Tether’s CEO, Paolo Ardoino, emphasized that a distributed structure is critical for the long-term health of Bitcoin. He highlighted the company’s strategic approach to keep Bitcoin free from the influence of centralized structures.
Distributed Vision Bolstered by Investments
By the end of 2023, Tether significantly expanded its mining infrastructure with a $500 million investment. A substantial portion of these investments was directed towards operations in regions like Latin America and El Salvador. The goal was not only to increase production but also to diversify the Bitcoin network with contributions from different areas.
Although the current block production rate of the Ocean pool is low, it is expected to rise with Tether’s support. This could enable the market to close the gap with large mining pools and achieve a more balanced distribution.
