Tminer is announcing the beta launch of innovative minting hardware called Tether Miner which lets miners earn USDT rewards for running an automated node.
Tether – the leading stablecoin
Tether (also known by its symbol USDT) is a second layer stablecoin token on top of other cryptocurrencies’ blockchains. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether was originally designed in a way that every single USDT is supposed to be backed by one U.S. dollar, maintaining one U.S. dollar in reserves for each tether issued.
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Since Tether belongs to a private company, the issuance of USDT is limited only by Tether’s policies and hence there is no hard-coded limit on the total supply of USDT. As of June 2022, there are over 72.4 billion USDT tokens in circulation, which are backed by $72.4 billion in assets, according to Tether. USDT’s current CoinMarketCap ranking is #3, with a market cap of $4.1 billion at the beginning of 2020. Since then, the supply of USDT coins has increased by 1700% over the past two years. The growing consumer interest in Tether has led to new innovations in stablecoin rewards and mining technologies.
What is a Tether Miner?
Tether Miner is a long waited revolutionary unique technology that has been established to reward users with USDT tokens. Tether Miner’s technology is based on the stability of USDT tokens. The miner operates on Ethereum blockchain, minting or destroying USDT to keep the stability of the tether and the tokens in circulation which are backed by an equivalent value of U.S. dollars. By the end of every Transactions Bundled Ratification (TBR), all active Tether Miners are rewarded with USDT.
Tether Miner delivers a stable cryptocurrency income that eliminates the volatility and unpredictability associated with traditional cryptocurrency investments. The token, USDT, is the very first autonomously stabilized cryptocurrency in the world, and it also happens to use major efficient and fast blockchain. USDT relies on the Tether protocol to use advanced stability algorithms, which ensure that it is always pegged to the USD value by creating and destroying coins as necessary to maintain the same dollar value. Tether Miner work by issuing new USDT as a mining (or minting) reward on the Ethereum blockchain, running a proof-of-pegging consensus. The chain is linked to an oracle protocol, which monitors total USDT in circulation, transaction volume and the changes in exchange rate of USDT to US dollars. The Tminer’s mechanism retrieves transaction data packets from the USDT-Ethereum blockchain system and applies its controlling process to generate and save USDT. The hardware automatically allocates a portion of saved USDT to miners as an incentive to continue running these nodes.
How to Connect and Activate a Tether Miner?
This process of connecting and activating Tither Miner was simplified by Tminer engineers who applied advanced blockchain technologies to create a plug-and-play mining system that can be assembled in a few steps. Steps involve plugging both, the power supply cable to a power source and the ethernet cable to the computer or server. Users can retrieve the unique IP address, username, and password from the sticker label beneath the device to log in and activate the Tether Miner. Finally, miners can set up a USDT-ERC20 wallet address and start earning a passive income.
Key features of the Tether Miner:
The beta version of Tminer will be ready to be shipped in June 2022. The hardware comes with an instruction guide for activation and operations. Some key features that make this device unique are:
- Hardware equipped with the industry leading Rockship RK1808 processor
- 5dBi dual-band antenna for a faster and more stable connection
- Built-in 32GB eMMC flash for better data security storage
- Low power consumption, starting at 10W, about 0.24kWh electricity per day
Users can learn more or be a part of the beta launch via Tminer’s website at https://tetherminer.com/
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