So MiningOS is designed to be self-hosted and it’s completely open source. It’s aimed at all types of mining setups, whether you're a home miner or running a huge industrial farm.
I don't mine myself, so I'm curious to hear from those who do. Is this really gonna change things for miners?
As far as I know, the changer is in the fees.
You typically pay a monthly fee per machine, or, there is an alternative where the software quietly mines for the developer for 13% of the time (usually..)
For industrial miners, this instantly recovers 2-3% of their gross revenue, or something along these numbers.
The rest is technicalities.. like the modular system of it all and open-sourceness (which you already told about).. also about the cloud storage.
So Tether continue to expand what they offer. Just few months ago, they released open source password manager with P2P capability[1]. I wonder what is their actual goal releasing open source software.
[1] https://tether.io/news/tether-launches-pearpass-a-peer-to-peer-password-manager-to-eliminate-cloud-breach-risks/
They're also backing bitcoin scaling solutions like the RGB Protocol and Taproot assets and they have released the Wallet Developement Kit (WDK) not a long time ago as well: https://docs.wallet.tether.io/
Not to mention they also hold a decent amount of BTC: https://bitbo.io/treasuries/tether/
Regardless of what one thinks of USDT and how centralized they are, they seem to be doing some great things for the bitcoin ecosystem.
Pretty big deal tbh.
Open-source + self-hosted means no black-box BS and no vendor lock-in.
Small miners get more control, big farms get flexibility and auditability.
Not a magic bullet, but for ops that care about sovereignty and margins? Solid W.
I have noticed that people especially relating to Bitcoin
Tend to trust teams to promotes and develops open sourced or privacy oriented projects
It usually builds good images and that they are staying true to what Cryptocurrency signify
Even if they may look like a necessary evil.
And play an important role in the market
Especially with people still used to Dollar as the measure of unit.
Bitcoin success affects their success
It's the first, Their face and picture boy.
The question now is does it makes sense that open source softwares and tools are coming from a well known centralised company? Can they ever be trusted at this point even though we know that Tether has FBI and all governments perfumes written all over them.
Right now this seems like how Binance that's a centralised exchange is offering peer to peer service on their website when they are centralised in and out, I am just saying, it's just a say, but let's see how far they are willing to keep this going but I would have loved if they are completely open source from scratch..
Both example you mentioned have obvious goal though, making more people use USDT (and their other asset). Taproot assets support allows people use USDT on Bitcoin LN, while releasing WDK allow more wallet support their USDT.
But i don't see how password manager and mining OS related with USDT.
Fair point. Many other big cryptocurrency company have less or no contribution towards open source ecosystem.
They are linked to the bitcoin ecosystem , so it is expected that they invest in the environment.
They also have so much money... they are looking for investments , and they are investing a lot in development and solutions
I don't think I would. At the end of the day, as long as we can verify and build the app ourselves, I think that's enough. Trying to guess their goal just from this is hard, so I'd rather focus on whether their open source apps are secure or not. If they develop it in a direction where most people dislike it, I bet some people will fork and build their own version from that. It's too soon to say anything about that, though.
As long as we keep the motto of don't trust, verify, I think we can filter malicious apps, whether they're open source or not. CMIIW.
Am not a miner nor have the knowledge or opportunities some do, but I do know that this new launch by Tether would be tested for inconsistencies and trust, before more users would jump in.
Although this new launch would address some concerns of security, operations cost and the issues of centralization, if it's easier to use as compared to the paid software some already use and it remains free and open, we could see more hashpower being diverted from paid software to this Tether platform.
This currently throws a 404 for me.
This was always a scam by those that are unable to build anything worthwhile, so they put themselves inside of processes as extremely overpaid intermediaries. The development of this OS is a good thing, and probably only those that leech off of this process will be against it.
Could not they actually be supporting open source software and have no malicious motive? I do not know much about the people behind Tether, but regardless of their motives they are doing good things with the open source side of things. The stablecoin is centralized sure, but it is not possible to make a stablecoin like they have right now in any other way. It also may be that we have not really seen very rich actors supporting open source in any significant way, so this makes us instantly suspicious of anyone who might.
This is a nonsensical and conspiratorial post. The use of open source code does not involve any kind of trust.
Unless you are going to pay for it, shut the fuck up with this kind of nonsense.
There are all kinds of users, so i expect few of them distrust because it's made by big company rather than being new software.
I just opened it, but it doesn't show 404. Try different browser/connection or visit https://web.archive.org/web/20260212004957/https://mos.tether.io/ instead.
I don't know. But your speculation could be true, considering they regularly make donation to open source tool. For example,
https://tether.io/news/tether-awards-100000-grant-to-btcpay-server-foundation-backing-free-and-open-source-software-development/
https://tether.io/news/tether-awards-another-100000-grant-to-btcpay-server-foundation-reaffirming-its-commitment-to-free-and-open-source-software-development/
It is actually funny how far the propagandist brainwashing has come. Many users call themselves independent thinkers here and all kinds of labels, but they are easily manipulated into one camp or the other. The user that you are quoting is wrong. I've seen this response many times in different circles of both crypto and Bitcoin communities. People hide behind their delusions even when the thing being presented would only bring them objective benefits. In this case, those that usually consider themselves FOSS oriented or promoting people would find strange reasons to reject adopting this (at least initially) even though it is FOSS.
It must have been a temporary glitch, it works fine now and I like how they made the website. The benefits are pretty clear.
In the absence of malicious behavior relating to these activities, we should praise them for them -- they deserve this. If you look at other rich actors, Binance and Coinbase most notably -- they do not even do 1% of what they should be doing given that they are getting rich solely through this industry.
If they create Open Source Operating Systems and things that make the environment of Miners, Bitcoin users et cetera better with out compromising things such as Decentralization, Security et cetera, I do not see why I should be sad about it. Tether will earn more Profit anyway, most people do not give a single care about going Open Source, Decentralized et cetera. They are not going to give up and shut their Billion Dollar business down only because some Bitcoiners are crying out loud about their doings. I am therefore in favor of this.
In fact. Considering they are not Trusted by people who share the same fundamentals Bitcoin offers, it is likely going to get Audited in much more detail by people who have the time, patience and experience. If Audits show no hidden stuff, it is actually even better. They are not idiots to put hidden stuff in an Open Source project when they have Billions running in the background. Maybe this is even what finally takes them down. Their own creation, bringing people closer to Open Source and Decentralization.
From what I see it looks like it offers the same kind of control and monitoring that AwesomeMiner does. As such I wouldn't call it a "mining OS" as it does not directly mine nor replace miner firmware - it is a central control for your miners.
When Im reading this im just curious why the heck Tether created MiningOS? Second question is, is it free Why they get in return. I mean big company like tether that focused on stablecoin made a software is somewhat new isnt.
I believe that Tether isn't doing this for "charity." They want to become the default infrastructure of Bitcoin. and maybe would benefit tether in the future
Sure thing. Being a patron of something would definitely mean they would have their share of the pie in any shape or form they would want. We just need to read into what exactly it can be.
Stop with the needless conspiracy theories, you are just most likely projecting from your own behavior or the behaviors of people that you know onto others. You don't do things for free without malicious motives, so why would someone else? Putting you aside, this has already been addressed in this topic and there are plenty of people doing things for free because they want to contribute to important parts of the world. Not everyone is degenerate and addicted to the basic animal desires like certain groups of people in the EU or USA.
Nonsense, that is not how FOSS works. Most patrons do not have any control, share of any pie and whatever else nonsense you can come up with. A corporation is nothing more than an organization of people, if it involves people who would otherwise donate their free time to FOSS work then there is no reason why they would be unable to either collectively organize themselves to create better FOSS projects or to donate money from the profits of their organization to do so. Again, not everyone has malicious motives -- if you are surrounded by such people, that is your experience, it does not mean that the world is like this. Innocent until proven guilty, so far they have shown no malicious behavior.