Bitmain, Canaan, F2Pool and 12 others support Tether's MDK, an open-source tool to simplify and automate Bitcoin mining operations.
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Fifteen major companies have thrown their support behind a new tool from Tether designed to make Bitcoin mining easier to manage.
First, let's cover the basics. Bitcoin mining is the process by which powerful computers solve complex math problems to verify transactions and create new Bitcoin. These computers are often housed in huge warehouses called "mining farms," which can hold thousands of machines.
Tether — the company best known for issuing USDT, a "stablecoin" (a cryptocurrency tied to the value of the US dollar) — has created the Mining Development Kit (MDK). This is an open-source set of tools (meaning the code is free and public for anyone to use or improve) to help automate and control Bitcoin mining operations.
Who is backing it? Some of the biggest names in the industry have joined, including:
Each company will build its own "Worker" module to link its hardware to the shared system, while keeping control over what they expose.
Key timeline:
In short: Tether is building a standard "common language" for Bitcoin mining, and the industry's biggest players are now on board.
This is an AI-generated summary. Read the original article at: https://forklog.com/news/bitmain-canaan-i-f2pool-podderzhali-instrumenty-tether-dlya-avtomatizatsii-majninga