Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: KobbyC on June 02, 2018, 01:51:26 AM
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I really want to know how to mine for tether. Do you know how?
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The ter is a token, not a coin. Mine it can not, where do you get this information from?
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I don’t think Tether can be mined since that would go against the very purpose and nature of the currency (being always linked to USD value).
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I really want to know how to mine for tether. Do you know how?
Tether is a non-mineable ERC20 token and it is pegged to Fiat reserves in the ratio 1:1. The Fiat reserves are said to be maintained in undisclosed bank accounts under the control of Tether Limited. So there is no way you could mine Tether. New tethers will be released by Tether Limited based on the reserves.
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I really want to know how to mine for tether. Do you know how?
Tether is a non-mineable ERC20 token and it is pegged to Fiat reserves in the ratio 1:1. The Fiat reserves are said to be maintained in undisclosed bank accounts under the control of Tether Limited. So there is no way you could mine Tether. New tethers will be released by Tether Limited based on the reserves.
Great response +Karma for giving a very detailed answer. Keep up the great work!
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I don't think Tether can be mined since that would go against the very purpose and nature of the currency (being always linked to USD value).
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As far as I know, Tether cannot be mined because this coin is a digital version of the dollar. Other than that, Tether is also not a coin, but a token. And if Tether can be mined, this will be contrary to the nature of money.
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I really want to know how to mine for tether. Do you know how?
Most of the people don't know if tether coin can be mined and even me so i am also grateful for someone that can answer correctly to shade lights on our minds.
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If you are looking to mine Tether, keep in mind that before you do so, invest some time into researching if your setup will actually generate you any profit. Tethers price can fluctuate and the amount of miners also plays a great deal in your chances of making a profit. At the current price of USDT, consider how much worth it setting up a mining rig would be. Hardware that would be most powerful for mining would be ASICs which are unfortunately nowadays extremely pricey.
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And who are the guys who develope Tether?
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until now I have not known that tether can be mined, but in my opinion if it can be mined it will be a very good thing going forward in trading.
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For my own opinion tether cannot be mined because its a new version of dollar in the future and it is a digital cions and also stable cions as of now
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Tether is a stable token that reflects USD value to help us determine how much our funds, how much profit, how much we loss. It’s impossible to mine the token, who tell you that Tether can be mine if sure they don’t know anything about crypto currency
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Tether tokens can be pegged to different currencies; the most common is the USDT, the tether tokens which are supposedly backed by U.S. dollars. Tether Limited, of course, is the organization heading up the token project.
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USDT or known as tether isnt mineable
its like token not coin and this pegged to usd or fiat
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USDT or known as tether isnt mineable
its like token not coin and this pegged to usd or fiat
Yes and if you take a look at coin market cap and click on USDT or Tether it will show that it is a token and it is unminable
and there is no way mining it. Tether is token of OMNI platform and it on the top 600+ on coin market cap but I don't know
much about this coin.
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I really want to know how to mine for tether. Do you know how?
Tether is a non-mineable ERC20 token and it is pegged to Fiat reserves in the ratio 1:1. The Fiat reserves are said to be maintained in undisclosed bank accounts under the control of Tether Limited. So there is no way you could mine Tether. New tethers will be released by Tether Limited based on the reserves.
In fact, I have opened the coin market every time but have not understood the basis of the creation of the Tether.
By reading this post, I make sure I get valuable knowledge from you.
Regards
masudginanjar
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I don't think that will be possible for tether to be mined but it can be purchased.
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Tether cannot be mined because this coin is equated with the population and circulation of USD throughout the world.
If you can mine, the coin has no reference limit to be compared with the USD circulating in the real world.
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It can't be mine because the Tether has been equated with the circulation of dollars in the whole world.
In the mine iu specifically coins that do not have a price, after being mined the results will be valuable.
Tether for 1 coin has been appreciated and there is no need to mine.
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Tether and all other stable coin can’t mine because they were creatas a stable coin, a fiat of crypto currency and to display the value of fiat of crypto currencies
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If Tether becomes minable, that means it is no more a stable coin. All other coins that can be mined moves with the ups and downs with the demands and supply in the market space. Tether is a stable coin, having a fixed price that it can not surpass, therefore it cannot be mined.