Bitcoin Forum

What conditions are needed for profitable production?
And, do you know what place is best for all these items? Space!
1. Cheap electricity (preferably free). according to rough estimates, mining leaves of 1100 MW or 9636 GW⋅h (0,829, MTA) per year.
2. In space, low temperatures, which greatly facilitates the cooling of the system.
3. There is a lot of space and there are no taxes and rules yet.
And test this idea is not so difficult. It is enough to take a small mining farm to the ISS and see what happens. And in the distant future, perhaps, they will build entire orbital cities for mining.
How about that?
Do you think it can be implemented in the near future?

This post is a good illustration of just insanely ignorant and unaware bitcoin-fans are of economic realities.....

if you want to start the trip, you will definitely need large funds. if crypto continues to evolve, surely in the future Minning in space is no longer impossible.

A bitcoin node is probably more feasible than sending a single ASIC up in the LEO (Low-Earth Orbit) just to hash and operate at a loss. One area of concern is maintenance. Interference from other objects and the radiation from the sun will surely lessen the life of the machine, rendering it useless in just a couple of months. There's simply no feasible defense in sending a miner on the outer space. Just imagine its components be removed due to high-speed orbit, or causing the miner to fall from whatever vessel it is, amonh many other reasons.

I think in space exploration and so many nuances and dangers . I don't think it should be done in space, but it's possible.

Myth. There's very little to suggest it would work or be any more efficient. Even if it were to be more efficient, the upfront cost would make any returns redundant. Not to mention that the miner would be stuck their indefinitely. Not great when new technology comes around.

fun to think but it's not going to happen in your lifetime. It's costly and risky to put things in space but if it does happen it will be for those with deep pockets and your average miner will be left far behind the line. There are other issues which cannot be discussed in this thread but this is fun to imagine.

Forget the components, power, maintenance anything else.
The first step is to throw the damn thing out there  ;D

The cheapest way to send something to low orbit is via the Falcon 9 program, which they claim can go as low as 1700$/kg.
One s9 cost weights a bit over 4kg, that would mean 6800$ or...enough to run it at 17 cents per kWh for 4 years.


Now if we change the Low Orbit Bitcoin Mining Farm into the Asic Planetary Cluster Bombing Battleship.  :D :D


Since you talked about "orbital" facilities, do you know that the temperature varies on the low earth orbit varies from -100C to +120C ?

Well, the electricity isn't a problem at all, it can be solved with solar panels... But internet, that's the real problem, How would you provide internet in space for your miners.

And another problem is the maintenance, what if a fan fails, or a circuit get fucked up, you will go to the space to fix it?

And the last problem is the cost, send miners to space shouldn't be cheap.

You MF done lost your minds...

sometimes, you need to believe in some real facts and control the level of your imagination - I just have to say this about your Space Bitcoin Mining dreams.

mining in space can indeed support because of low temperatures, but what about electricity?
That is still a problem because outside space there is no kind of electricity generation yet, for regulation, I don't think it needs to be considered because outer space is a free zone of exploration

THANK YOU!!!

Buddy, I think you're watching too many popular science movies. There are people who really believe that space does not exist, that all orbital stations are hangars for filming movies and that the earth is flat. It seems to me that the idea of mining in space is from about the same sphere. But I really had a good laugh-thank you!

although you don't share my idea, I'm glad I made you feel better.

electricity in space can be produced from solar radiation. the international space station is currently using Solar energy. Like Earth, the station is about 149 million kilometers away from the nearest star. At this distance, it is possible to extract more than a kilowatt of energy from each square meter. Energy at the station is collected by solar panels, which use the photoelectric effect to produce electricity directly.

your mistake is focusing on one variable while ignoring all the rests including the costs of setting up such a farm. at this point it costs millions of dollars to send a team of astronauts into outer space and set something like a space station up. not to mention that a mining operation requires maintenance so it will cost more for upkeep. on top of all that you also have the communication delays where you have to receive transactions, mine a block then broadcast it back. and remember mining bitcoin is a competitive operation where someone else can find the same block sooner than you.

The aliens will only be coming to steal our Low Orbit Bitcoin Mining Tech so that they can mine cheap bitcoins. Without that they won't come to visit us on our puny planet anyway. Therefore we need both the mining farm and the cluster bombing battleship to defend it.

You're completely wrong about that, sending small packages up to space is extremely costly. (see @stompix reply)

I've read a similar thread once and the conclusion was that it would be far too difficult to send data back to earth reliably.
Can't find the other thread any more, but I think it was about setting up a mining farm on the moon or something.

I do not believe it because I believe that space mining is unreal in our conditions

I hate to admit it but this can be a breakthrough not only for the miners but for all researchers in exploring space and beyond, They could use satellites to simply get communications and internet signals maybe they can get good internet speed up in space and I really think energy would be simply free or has a low cost than inside earth, Well I have seen an article that NASA has indeed begun blockchain research for deep space navigation, And Miner one had suggested that mining cryptocurrency in space will be a reality in the future.

https://www.ccn.com/bitcoin-mining-in-space-an-interview-with-miner-ones-ceo/

from what i understand there is a difference between using the blockchain technology in space program by NASA and with what OP is talking about which is mining blocks of a PoW coin which is processing transactions and needs to be competing about it!

There is radio communication in space, the Internet is not a problem.
I am sure there is no wind in space, so I don't know if the fan is necessary.
I don't know how much it will cost to send miners to space，maybe it's enough for me to buy 100 miners on earth.

I think the OP has a lot of imagination without knowing the facts and the reality of things and maybe he does not even now that mining rigs need some maintenance and should be regularly checked. And if ever his insane idea would come to reality the cost of maintenance will be far greater from the profit that he will get from space mining because the one who will maintain it will need to ride a rocket ship to space in this method will definitely cost a lot of money and time.

Lol, well hypothetically speaking, I think it would be much more expensive to send all the equipment and personnel in the space to make those crypto farm than the profit you can get, and if you think that the space is a place without rules and that the government will not claim taxes, you are very wrong, they always find a way.

Do you know the cost of launching a rocket?  Do you know how expensive it is to go to space?
If you don't consider the cost, you can even extract hydrogen energy from the sun to mine your bitcoin.
So, don't make meaningless fantasies. Any idea that is out of cost-effectiveness will be considered ridiculous. I will treat it as a joke.

Your suggestion is to profound a way of running from cost and maximizing profit but your idea is more expensive and risky than mining on earth. The best option is to build a mining equipment that will consume less electricity.

Human research on space requires a lot of energy and money!
Mining of cryptocurrencies in space seems impossible because the cost is too great!
The economic benefits of studying space are much greater than mining!

Mining in space is a good semi-fantastic idea in the case of the start of the functioning of the settlements on the Moon or Mars. Solar panels will produce electricity for heaters in the form of supercomputers, which will mine coins during idle times.

I think this is a lucrative idea for miners, it's just that this idea is very difficult to realize even impossible. too heavy and no one will give us cheap or free electricity.

This is just idiotic, to even establish some type of mining facility in space would cost millions upon millions of dollars just to set this up.  You lack an understanding of how crypto mining works and this looks to be some type of troll post.

If you are concerning about the electricity fee,how would you spend few million or billion dollars to take all those equipment needed to build a mining farm.Not really worth to start a mining  farm in space just build at the best place or even at the Himalayas where you will get the lower temperature than in space. :P

Well said, better to buy solar power and start your mining farm with free electrify after purchasing the right amount of power you needed, instead of
thinking the idea of exploring outer space spending millions of dollars to build the rig spaceship. :D ::)

A very ambitious idea to say the least. probably the cost of such a project is way to high for the amount of money that it will be able to generate, i mean sending a satellite takes billions and billions of dollars funding from the government, and also building solar panels with enough to be able to generate enough power to operate such a demanding rig is quite ridiculous, probably this might be possible when people are able to colonize on mars or something.

I read an article about it somewhere. Even some company is engaged in the study and implementation of this idea. And it's built largely on the use of satellites as auxiliary equipment in which billions of US dollars have already been invested.