{"id":849137,"date":"2025-05-17T23:12:44","date_gmt":"2025-05-18T04:12:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/17\/tether-directs-bitcoin-mining-hashrate-to-ocean-pool-to-enhance-network-decentralization\/"},"modified":"2025-05-17T23:12:44","modified_gmt":"2025-05-18T04:12:44","slug":"tether-directs-bitcoin-mining-hashrate-to-ocean-pool-to-enhance-network-decentralization","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/17\/tether-directs-bitcoin-mining-hashrate-to-ocean-pool-to-enhance-network-decentralization\/","title":{"rendered":"Tether Directs Bitcoin Mining Hashrate to Ocean Pool to Enhance Network Decentralization"},"content":{"rendered":"<p>Bitcoins <\/p>\n<article id=\"post-118070\">\n<div>\n<h2>Bitcoins <span id=\"TLDR\"><\/span>TLDR<span><\/span><\/h2>\n<ul>\n<li>Tether will deploy its Bitcoin hashrate to Ocean\u2019s mining pool to promote decentralization<\/li>\n<li>Ocean mining pool was created by Bitcoin core developer Luke Dashjr in 2023<\/li>\n<li>Tether\u2019s move aligns with its $500 million investment in Bitcoin mining announced in 2023<\/li>\n<li>Ocean\u2019s DATUM protocol allows miners to build their own block templates independently<\/li>\n<li>Ocean currently mines only 0.2-1% of Bitcoin blocks compared to dominant pools like Foundry USA<\/li>\n<\/ul>\n<hr>\n<p>Stablecoin issuer Tether has announced plans to direct both its existing and future Bitcoin mining hashrate to Ocean\u2019s mining pool. The move, <a href=\"https:\/\/tether.io\/news\/tether-to-deploy-hashrate-on-ocean-advancing-decentralized-bitcoin-mining-infrastructure\/\">announced on April 15, 2025,<\/a> aims to strengthen the decentralization of Bitcoin\u2019s network by supporting an alternative to the dominant mining pools that currently control most of the block-building process.<\/p>\n<p>Tether CEO Paolo Ardoino explained the decision in a statement, saying \u201cDeploying hashrate to Ocean aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces.\u201d This partnership represents a major endorsement for Ocean, which currently mines only a small fraction of Bitcoin blocks.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tether to Deploy Hashrate on OCEAN, Advancing Decentralized Bitcoin Mining Infrastructure<br \/>Learn more: <a href=\"https:\/\/t.co\/QVzLawzvwK\">https:\/\/t.co\/QVzLawzvwK<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1911767119571693664?ref_src=twsrc%5Etfw\">April 14, 2025<\/a><\/p>\n<\/blockquote>\n<p>The partnership will leverage Ocean\u2019s Datum protocol across all of Tether\u2019s global mining operations. This includes sites in Uruguay, Paraguay, El Salvador, and rural areas in Africa where the company has been expanding its presence.<\/p>\n<h3><span id=\"The_Challenge_of_Centralization\"><\/span>The Challenge of Centralization<span><\/span><\/h3>\n<p>While Bitcoin\u2019s hashrate is distributed worldwide, the block-building process has become concentrated among a few major mining pools. Data shows that Foundry USA, AntPool, and ViaBTC account for over 66% of all Bitcoin blocks mined in recent periods.<\/p>\n<p>This centralization creates potential vulnerabilities for the Bitcoin network. If a few entities control most of the block production, it raises questions about censorship resistance and the true decentralization of the network.<\/p>\n<p>Ocean\u2019s protocol attempts to solve this problem by allowing miners to build their own block templates using open-source software. This reduces dependency on centralized intermediaries that typically control transaction selection and block creation.<\/p>\n<h3><span id=\"Oceans_Growing_Influence\"><\/span>Ocean\u2019s Growing Influence<span><\/span><\/h3>\n<p>Ocean was created by Bitcoin core developer Luke Dashjr in 2023 and has received backing from prominent figures like Block CEO Jack Dorsey. The mining pool relocated its headquarters to El Salvador in May 2024, the same country where Tether is headquartered.<\/p>\n<p>Currently, Ocean mines between 0.2% to 1% of Bitcoin blocks according to mempool.space data. The protocol has produced nine blocks over a recent one-week period, with its hashrate measuring about 18.3 exahashes per second (EH\/s) over a 24-hour timeframe.<\/p>\n<p>By comparison, industry leader Foundry USA\u2019s hashrate has exceeded 298 EH\/s during the same period. Tether\u2019s commitment will likely provide a much-needed boost to Ocean\u2019s mining capabilities.<\/p>\n<h3><span id=\"Africa_Expansion_Strategy\"><\/span>Africa Expansion Strategy<span><\/span><\/h3>\n<p>Tether\u2019s deployment of the Ocean protocol extends to its operations in Africa, where the company has been investing in infrastructure and education. The DATUM Gateway protocol is designed to support mining in regions with limited internet capacity, enabling low-latency and high-throughput mining across diverse geographies.<\/p>\n<p>This initiative builds on Tether\u2019s ongoing work in Africa, which includes partnerships with platforms like Nigerian crypto exchange Quidax to promote digital asset literacy. The company plans to enable on-site deployment of block template software in rural African regions.<\/p>\n<p>Giv Zanganeh, Tether\u2019s VP of Mining and Energy, noted that adopting Ocean followed \u201cmonths of deep technical evaluation.\u201d The DATUM protocol\u2019s architecture offers the flexibility needed for Tether\u2019s decentralized mining strategy.<\/p>\n<h3><span id=\"Technical_Details_of_the_Partnership\"><\/span>Technical Details of the Partnership<span><\/span><\/h3>\n<p>The partnership will utilize Ocean\u2019s Decentralized Alternative Templates for Universal Mining (DATUM) protocol. This technology empowers miners to create their own block templates without relying on centralized servers.<\/p>\n<p>By enabling on-site generation of unique block templates and aggregating thousands of rig connections with low-latency performance, the system aims to ensure global competitiveness while promoting geographic diversity in mining operations.<\/p>\n<p>Luke Dashjr, Ocean\u2019s chairman and CTO, stated that Tether\u2019s deployment \u201creinforces the importance of censorship-resistant mining protocols.\u201d Mark Artymko, Ocean\u2019s president, added that Tether\u2019s participation confirms the pool\u2019s commitment to network neutrality.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cDeploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces.\u201d <a href=\"https:\/\/twitter.com\/paoloardoino?ref_src=twsrc%5Etfw\">@paoloardoino<\/a> <a href=\"https:\/\/t.co\/HeyB1ETecz\">https:\/\/t.co\/HeyB1ETecz<\/a> <a href=\"https:\/\/t.co\/dDVJ93ccYg\">pic.twitter.com\/dDVJ93ccYg<\/a><\/p>\n<p>\u2014 OCEAN (@ocean_mining) <a href=\"https:\/\/twitter.com\/ocean_mining\/status\/1911774879008927944?ref_src=twsrc%5Etfw\">April 14, 2025<\/a><\/p>\n<\/blockquote>\n<p>Tether\u2019s involvement with Ocean comes after the stablecoin issuer announced a $500 million investment in Bitcoin mining in late 2023. The company currently deploys hashrate at multiple international locations and is the issuer of USDT, the third-largest cryptocurrency by market cap.<\/p>\n<p>This partnership represents another step in Tether\u2019s expanding Bitcoin strategy, which also includes plans to make its stablecoin available via Bitcoin and its layer-2 Lightning Network.<\/p>\n<div>\n<p><a href=\"http:\/\/blockonomi.com\/out\/bcbot\" alt=\"BC.Game Casino\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockonomi.com\/wp-content\/uploads\/2024\/05\/bc-wide.gif\"><\/a><\/p>\n<\/div><\/div>\n<p> Maisie Morrison <a href=\"https:\/\/blockonomi.com\/tether-directs-bitcoin-mining-hashrate-to-ocean-pool-to-enhance-network-decentralization\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Tether will deploy its Bitcoin hashrate to Ocean\u2019s mining pool to promote decentralization Ocean mining pool was created by Bitcoin core developer Luke Dashjr in 2023 Tether\u2019s move aligns with its $500 million investment in Bitcoin mining announced in 2023 Ocean\u2019s DATUM protocol allows miners to build their own block templates independently Ocean currently<\/p>\n","protected":false},"author":1,"featured_media":849138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34864,22944],"tags":[11476],"class_list":{"0":"post-849137","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-directs","8":"category-tether","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=849137"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/849138"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=849137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=849137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=849137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}