Tether Mines Bitcoin and Ethereum with Renewable Energy as Crypto Market Recovers
Tether, a prominent player in the cryptocurrency sphere, has revealed its use of renewable energy sources for Bitcoin and Ethereum mining. Meanwhile, the stock market today shows signs of recovery, with ETFs rebounding and institutional investors showing renewed interest.
Tether, the company behind the popular stablecoin USDT, has announced its use of sustainable energy sources for cryptocurrency mining. It operates mining contracts for Bitcoin and Ethereum using renewable energy, including power from sugarcane mills in Brazil. This eco-friendly approach aligns with the growing demand for sustainability in the crypto industry.
The crypto market has shown signs of recovery following last week's volatility. On Tuesday, September 30th, crypto ETFs climbed again, indicating returning market confidence. Bitcoin ETFs attracted approximately $430 million, while Ethereum ETFs recorded $127 million. The total inflows for both Bitcoin and Ethereum ETFs rebounded to $557 million. BlackRock's IBIT and ETHA products have contributed to this positive performance.
MSP Miner, a solar-powered mining platform, offers users a chance to earn passive income through clean mining. It provides a $15 bonus upon registration and an affiliate program with up to 5% lifetime referral commissions. Users can potentially earn up to $9,000 daily in stable passive income without selling existing assets. The platform supports various cryptocurrencies for payments, including BTC, ETH, DOGE, SOL, XRP, USDC, LTC, and USDT.
Tether's use of renewable energy for mining and the rebound of crypto ETFs suggest a maturing stock market today that is increasingly focused on sustainability and institutional investment. MSP Miner's eco-friendly contracts and passive income opportunities further demonstrate the potential for growth and innovation in the crypto sector. As institutional investors continue to show interest, October could be a key period for strong performance in the crypto market.
