Bitcoin Mining in Space

[Xester]

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.

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[stompix]

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 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:

The next step of the project is building the mining facility. Mr. Slušnys informed us that they are eager to start mining, particularly with the rebounding prices of Bitcoin and Ether, stating that this will help pay for more of the cutting-edge equipment the project needs to grow. The project has committed to begin payouts to investors by the end of the summer

Yeah, another ICO.....

[Xester]

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 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:

The next step of the project is building the mining facility. Mr. Slušnys informed us that they are eager to start mining, particularly with the rebounding prices of Bitcoin and Ether, stating that this will help pay for more of the cutting-edge equipment the project needs to grow. The project has committed to begin payouts to investors by the end of the summer

Yeah, another ICO.....

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.

[AdamCampbell]

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!

[Sam San]

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.

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.

[AdamCampbell]

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.

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...

[THATBTC]

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!

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

thanks

[Direwolve735]

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.

[Ray55]

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.

[carlisle1]

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 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:

The next step of the project is building the mining facility. Mr. Slušnys informed us that they are eager to start mining, particularly with the rebounding prices of Bitcoin and Ether, stating that this will help pay for more of the cutting-edge equipment the project needs to grow. The project has committed to begin payouts to investors by the end of the summer

Yeah, another ICO.....

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

[Sam San]

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.

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...

A company made history on Monday by launching a Bitcoin mining rig called Space Miner One into the stratosphere, where it confirmed transactions and mined Bitcoin over 100,000 feet from the surface of the planet.

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.

[Kprawn]

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. 

[jseverson]

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.

[jomel]

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.

[Victorias]

 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.

[Jaslinbor28]

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.

[iakovni]

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.

[mktpromp]

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.

[warning_btc]

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

[stompix]

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!

Hook it on what? 
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.

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. 

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

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.

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

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

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