Bitcoin Forum

https://www.ccn.com/bitcoin-mining-in-space-an-interview-with-miner-ones-ceo/
I was first doubtful if I will post this kind of topic since it seems useless to mine bitcoin into space, but after reading the whole article I thought that I will also share this historical even that took place 100,000 feet above the surface of the earth.

The company called Miner One has launched its mining rig called Space Miner One using a  hydrogen filled latex balloon. According to the CEO of Miner One "the goal of Space Miner One is to symbolically express our belief that bitcoin and cryptocurrency in general is about the future and the revolutionary technology at its heart: so-called blockchain technology. And with this new technology, the sky’s the limit.” And if you believe it or not it actually confirmed transactions at space, how cool isnt it.

I guess this even will be recorded in bitcoin history as the first mining rig to mine bitcoins at space.

Well, that's not mining in space.
"Space" begins after the Kármán line  (https://en.wikipedia.org/wiki/K%C3%A1rm%C3%A1n_line) which is at around 330 000 feet or 100km. The ISS is at around 400 Km

That balloon stayed in the stratosphere, from that to outer space is an enormous difference.
And yeah, he's right. The sky is indeed the LIMIT for weather balloons.

What is worse is that it smells like a publicity stunt for a shady project:


Yeah, another ICO. (https://minerone.io/crowdsale/).... >:(

It could be a publicity stunt but even though this is the first time it happen that a mining company set out a mining rig above 100k feet above sea level. Due to their unique idea this could be a historical if not in the world of bitcoin but in the world of cryptocurrency. I am not advertising their product but I am just giving our information about this weird kind of activity.

Interesting article. And as the CEO himself said, this is more symbolic than practical, but I think it's a historical event nonetheless.

I think the temperature at that altitude is ideal for mining (It also bears the risk of the equipment freezing!). Now if only we could stick together a couple of S9's and hook them up to a little solar power generator in there... That would be even more amazing!

Thank you for sharing it here!

whether to extract at least one bitcoin with this setting, to start it does not mean to start production yet, they should need a significant energy base if they want to organize really extraction of bitcoin.

"Extract" at least one Bitcoin? Read the article man. It's an experiment, and it's just one Raspberry Pi 3 and a battery. Mining one Bitcoin with this rig (if we can even call it a mining rig, lol!) would take centuries.

Baby steps, folks...

Yep, this is an interesting article, just to blow up ur mind a little

thanks

I do not see a global breakthrough in this event. Well, they transmitted data from the stratosphere - in general, nothing supernatural. I wonder how they connect to the Internet. I think this method of mining has a very high cost, which makes it extremely unprofitable. In fact it's just advertising and nothing serious is behind it. So I do not think that it's worth paying attention to this news, it's unlikely that it will seriously affect the market.

I think it is a great article and has a good scope in future, maybe huge tech industries can try it sometimes. space is quite unexplored but is a perfect place for experiments like these. I really love the idea of mining in space where we can use a lot of resources and unlimited power for other stars which is never possible from earth.

Great point ,yeah it wont consider as space mining when its not really in space..

But i like the articles,its first of a kind that people looking ahead this future and thinking for using outer space to sustain this blockchain technology..

Waiting for the update about whats the progress of this one

the fact that the article is not only about the execution of the transaction, but also about the extraction of bitcoin. here lies the ambiguity of the statement in the article with such complexity of production in the current network.

This can never be sustainable to mine bitcoins, because the electricity usage for that would simply be too high. They might be

 able to mine some Shitcoin with it though. <SpaceCoin>  ::) ... Can these balloons stay up there indefinitely or do they

return back to earth? I know there are projects like this to provide internet to remote regions. Project Loon.  ;)

I'm not sure if this will be considered significant. It's kind of like a clickbait video where you get all excited because of how cool it could be, but then it turns out it was massively exaggerated. It's symbolic for their company, sure, but not the cryptocurrency scene as a whole. The launch achieved nothing, was impractical, and wasn't even a proof of concept for anything -- it's just a plain publicity stunt.

stompix made a really great job dissecting it too lol. I might have been more amused if I hadn't read his post first.

Good article for all the bitcoin followers and at the same time good news for the bitcoin miners. There will be another place or way for them to dig and dig bitcoin. This article really helps a lot for them.

 All that today seems to us useless and unreal tomorrow will be quite common. I think and mining in space is quite a real activity in the near future.

as you said Miner One has launched its mining rig called Space Miner. yeah it is cool and it might be recorded in bitcoin history becasue it will heppen in space. but i think we should focuse on ground more. because no matter what people say, still in our earth most of the people are not aware of the blessing of cryptos. we should let people know about it more first by providing knowledge.

This does not sound very practical to me, may be possible in future though. With the current conditions, it looks more like a publicity stunt to me only.

Good publicity initiative I must say. I won’t mind it being a publicity stunt as long as it’s helping BTC to reach more people. It’s nothing special for mining though.

Using solar power to mine bitcoins on space with some avialable for now asic devices interesting idea, but can it ROI space shuttle ?

Hook it on what????  ;D
Temperature in space close to Earth is around 10 Celsius, there is no risk of freezing and without air there is actually no air convection and heat is lost through radiation....it gets complicated.
But that balloon was flying in the stratosphere and at those levels the average is -20-10 C.


At maximum a month. Depends on the size, the cargo...


By the time we would be able to launch "something" that can power up 60 ThW of miners the reward will be 1 satoshi :D.


Just the launch of a Falcon X is around 6000 BTC. Of course it's not viable.

Really? Haven't you heard of portable solar power generators? Here, let me show you the Google search results for that:

https://www.google.com/search?q=portable+solar+power+generator (https://www.google.com/search?q=portable+solar+power+generator)

And 100,000 feet above the surface level is not by any means "close to Earth" AT ALL!

And there is a REAL risk of equipment freezing at that altitude, because temperature is around -50° Fahrenheit or less (-46° Celsius) up there, not "-20-10 C."

Unprotected electronic devices in general (and mining rigs in particular) are not designed to operate at those temperatures.

The value of this "act of mining" in the stratosphere is just symbolical, but yeah - all out life consists of symbols and that's a really challenging way of advertising their project.
What I mostly liked in the article you provided is the following: "We even hear word that NASA is researching the possibility of using blockchain technology for communication and navigation in space".
Just imagine how NASA is interested in super-safe blockchain technology. That really could be a prospective product which personally I even would like to invest in.

100 000 feet is indeed close to Earth, everything is the stratosphere can be deemed close to Earth when we talk about space.

Second, you took the temperature from 100 000, but that is just a "record" that doesn't have anything practical in it. If you were to hook your miner on a balloon you would go to the limit at which typical weather balloons fly and that is over 120 000-130 000 feet up, at that level it's not that cold anymore.
It makes no sense to stay at exactly 100 000 feet which is just an arbitrary point by human american standards, as half of the worlds doesn't have a clue how long a foot is.
Above 40 km  ;D up the average temperature is indeed -20 C.

Now, you would have to re read what I wrote before using caps:


I said in space, close to Earth, and no, a miner will not freeze in space!

I'm not even going to comment on the portable solar generators....common, be serious!!!!

Lol! Do you even know what common sense is, Mr Proud Non-American?! And why do you imply that Americans are not human? Did they hurt you in your past?!

BTW, you don't have to take everything you read on the Internet literally. No offence, but it makes you sound not so intelligent.

And I am being serious. Seriously, look them up. Portable solar power generators are available in all sorts of capacities and can be used in there if protected properly.

The other parts of your post is not worth answering because whatever I say includes common sense and you don't want to include that in your comprehension skills so you can "win" a fight over the Internet.

My dear Watson, how about rather than trying to deduct stuff you start reading things twice, because your current stance and way of "discussing" makes you look not so......

If you're unable to think and motivate yourself to try and comprehend things, then my dear american, you're a lost cause.
A value of 100 000 feet, just like 30 000 meters is, just like 50 Km or 30 Miles just a round number. It makes no sense to have stuff floating at exactly 100 000 feet in the air, an American is going to think of 30 miles an European about 40 km, but mother nature doesn't give a damn about useless round numbers.
That was my point, if that's beyond you're comprehension skills there's nothing I can do to help you.

Since you don't want to comment the others parts of my post, from obviously reasons such as admitting I'm right, let's go back to your portable solar panels.

Since you claim to be a "Professional miner" I'm pretty sure you can easily do the math on how many of those solar panels would be required to power an S9, and then calculate how much they are going to weight, add the batteries needed, the controls for it, and then tell me how big this balloon is going to be ...at which point you're going to ask yourself for how long those things stay up in the sky and you're going to throw the papers in the trash  ;D ;D ;D ;D

Honestly, stop.
Nobody is crazy enough to strap solar panels to a balloon and let it fly 80 days around the world...
Or at least I hope so

Lol! The famous Watson was British, not American! If you want to insult, at least do a Google search beforehand!


Personal attack #1.


Common sense not found!


No I get your "point." Which is you want to win a fight from behind your keyboard. Plus, personal attack #2, and also again common sense not found!


Lol! You wish, tough keyboard warrior!!


I see that you are angrily reading my posts to try and find something to use against me! It's not just a claim. I am a Professional Miner, as in I own a mining farm, and have a hefty amount of money in my bank accounts because of that.


Please do a research on balloons and the amount of weight they can carry.


Most of the inventors of the past were called crazy by other people too...


So you admit that I won, huh?!! Now where is my trophy?!

OK I'll end it right here. But you also should learn to stop personally attack people who offer a different opinion than yours if you want to be taken seriously, and research before you start typing.

Also have common sense and improve your English spelling!

I thought about quoting your post, but what's the point? 0 value, nothing to discuss, zero data, personal claims of being smart, rich and beautiful and playing the victim.
So my dear Watson, (I'll use it again, maybe this time you're going to dissect it the right way) when you have something of value to add to this topic do it, if not, do the world a favor and don't.

Ha, I think this is the most practical response in this thread

This is more a stunt than a symbol.

Wow! So many buzzwords! You're so smart!

BTW, none of them are true. You just pretend that they are true because deep down you know I'm right. And YOU are playing the victim here!


You sound upset young man!

Just think about the last sentences in my previous reply to you, and try to apply them to your life. You're gonna thank me later.

Goodbye.

Something ironic in my opinion just happened. The bitcoin mining rig was sent to the sky, and when it hits the balloon's limit in the sky, the balloon pops. Kind of remind me of bubble market. Bitcoin could go to the sky but it could also fell in the ground. With this very important market that has been created by crypto. Regulation I think is needed in able to make this technology we believe in to survive.

This is a nice article and I think this has a great scope in future also.Space is quite not yet invented but is a great test like this i appreciate this idea of mining where we can uses lot of wealth .

I would say they did a great step. And it's cool! But it's still not mining in space.

It is really interesting to read. Though I am not sure whether it will be possible or not. But if it happens it will be another milestone in the crypto industry and thus it will go one step up in the area.

Well, it is nice article and I can feel a global breakthrough is coming soon. They had transmitted the data from stratosphere and from my point of view it might be a bit costly but it can be minimized in future. Mining in the space is a very creative idea which will make us benefited in the coming future.

This is very interesting.

after this I am sure that some companies will try to make the mining or any transaction in the moon and they can say our coin went to the moon to the "when moon" community.

You adults people about what mining in space you argue? To get real mining you will need to have a power plant of 5 megawatts, the rest will be fake mining. and where do you have such power in space?

I think it would be a good idea to dig out bitcoin in space, and now that bitcoin mining needs a lot of power to do it, people are always talking about digging bits of bitcoin to waste too much power. If you can use solar energy to dig in space, it will be a very green job.

Space Miner One does not include solar panels, but works well in low-temperature stratosphere. This mission lasted 2.5 hours with hashrate mining of only 330 Mh / s, so it is not possible to produce satoshi as a whole. However, the PR action of Miner One can still be seen as the beginning of the age of the Bitcoin mining space.

with the same success it is possible to mine on polar station in Arctic among polar bears, from the batteries taken with itself, all Arctic night.

what result are you talking about, mining in space can not have any results. this is a PR campaign to attract attention. if you think that mining in space is profitable, then I can sell you a small plot on the moon.

I would say they did a great step. And it's cool! But it's still not mining in space.

Maybe it's very profitable. Because in space there is a source of infinite energy is the sun. This is very beneficial for those who mine because there is virtually no cost and the benefits are huge.

I think the temperature at that altitude is ideal for mining (It also bears the risk of the equipment freezing!). Now if only we could stick together a couple of S9's and hook them up to a little solar power generator in there... That would be even more amazing!

Right, as long there are some energies available to convert, mining can be done any where.
if you can find any energy to convert it to electricity in the space, you can mining there too.

And as the CEO himself said, this is more symbolic than practical, but I think it's a historical event nonetheless.
Thank you for sharing it here!

Before we begin to celebrate this record breaking project, I want to ask, is this project existing already or about to start? Because it's very easy to write a captivating whitepaper in order to attract investors.

This article proves that Bitcoin really work wonders and proves its dominance in the industry and in the future.