Crypto News : Tether Joins OCEAN to Disrupt Bitcoin Mining Centralization
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Tether, the issuer of the USDT stablecoin, has confirmed plans to direct both its current and upcoming Bitcoin hashrate to the OCEAN mining pool. The move comes as part of Tether’s effort to support a more decentralized Bitcoin mining process, moving away from the control of major mining pools that currently dominate block production.
OCEAN was founded by long-time Bitcoin Core developer Luke Dashjr and is structured to give miners greater control over block-building decisions. Unlike traditional mining pools, OCEAN uses a system that allows miners to generate their own block templates. This setup reduces dependence on central coordinators and is designed to improve resistance to censorship in transaction selection.
“Working with OCEAN lets us operate on our own terms, and that’s essential in building mining infrastructure that’s more open and reliable,” said Paolo Ardoino, Tether CEO. He noted that Tether’s mining plans are long-term and will expand across various regions.
DATUM Technology to Power Global Mining Expansion
Tether will implement OCEAN’s open-source software stack, called DATUM Gateway, across its mining sites worldwide. The technology enables miners to operate efficiently in locations with lower internet bandwidth, making it possible to mine from more remote areas without compromising performance.
Giv Zanganeh, who leads Tether’s mining and energy division, explained the reasoning behind the partnership. “We’ve looked at several mining solutions, and DATUM gave us the tools we need to scale while staying true to Bitcoin’s decentralized roots,” he said.
Tether plans to roll out DATUM in facilities located in Latin America and Africa. These areas are part of Tether’s expansion strategy to build infrastructure in regions that often lack strong connectivity. DATUM allows local creation of block templates and supports thousands of rigs with minimal latency.
OCEAN’s Market Share Remains Small but Poised for Growth
Data from mempool.space shows that OCEAN has mined about nine blocks in the past week. This gives it a share between 0.2% and 1% of all Bitcoin blocks currently mined. Leading pools like Foundry USA, AntPool, and ViaBTC continue to dominate, mining hundreds of blocks over the same period.
OCEAN’s hashrate reached 18.3 exahashes per second in the last 24 hours. While this is a fraction of Foundry USA’s 298 EH/s, the partnership with Tether is expected to increase that figure. Tether’s additional hashrate could boost OCEAN’s block production and make it a stronger presence in the mining landscape.
Shared Focus on Expanding Decentralization in Bitcoin
OCEAN relocated its headquarters to El Salvador in mid-2024, a country where Tether also operates mining sites. This geographical overlap and mutual interest in decentralized systems have helped build the foundation for this new partnership.
“Decentralized mining isn’t just a concept—it’s how Bitcoin stays secure and fair,” said Luke Dashjr, OCEAN’s CTO. “Bringing in Tether’s hashrate helps move that idea forward.” Mark Artymko, OCEAN’s President, added, “We’re working with partners that understand the importance of independence in block creation. That’s what this is about.”
Tether’s involvement may mark a turning point for OCEAN, helping the mining pool expand its capabilities while offering an alternative to more centralized players in the network.
The post Crypto News : Tether Joins OCEAN to Disrupt Bitcoin Mining Centralization appeared first on Coinfomania.
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