Space mining-myth or reality?

[white WitCheR]

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?

[freightjoe]

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.....

[biskitop]

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.

[dothebeats]

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.

[esetop01tryba]

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.

[jimbo2000]

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.

[unusualfacts30]

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?

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.

[stompix]

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.

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

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.

Not to mention that the miner would be stuck their indefinitely. Not great when new technology comes around.

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

2. In space, low temperatures, which greatly facilitates the cooling of the system.

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

[seoincorporation]

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.

[Lucky7btc]

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?

You MF done lost your minds...

[bitfocus]

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.

[Dondont]

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?

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

[Lucky7btc]

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.

THANK YOU!!!

[aliceHortrex]

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?

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!

[white WitCheR]

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?

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.

[white WitCheR]

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?

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

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.

[Pursuer]

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?

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

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.

[jimbo2000]

Not to mention that the miner would be stuck their indefinitely. Not great when new technology comes around.

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

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.

[eternalgloom]

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.

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.

[FedorIzmailov]

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