A system for optimizing a mud-pulse telemetry system, the system including: a plurality of sensors distributed along a drill string adapted for being disposed in a borehole, each sensor configured to perform a measurement of a characteristic of at least one of mud in a column within the borehole and a mud-pulse telemetry signal propagating in the mud; and a processing unit for receiving the measurements, the processing unit comprising an algorithm to compile a data set from the measurements and to determine a parameter of the mud-pulse telemetry system using the data set to optimize the mud-pulse telemetry system. A method and a computer program product are also provided.