Bitcoin Mining in Space? Why Not!

by | May 1, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

Miner one | Bitcoin Mining in space | Bitcoin Mining | Bitcoin news | BTC mining

When someone says that anything and everything can happen with Bitcoin, one must believe it. In an effort to show its confidence in Bitcoin’s performance in 2018, Miner One sent its rig to space to mine cryptocurrency for a few hours.

The mining mission began this morning, April 30, when the Miner One team used a balloon to send a carbon fiber capsule equipped with an application-specific integrated circuit (ASIC), a Raspberry Pi 3, battery, satellite phone, GoPro Hero 5, and a metal souvenir coin for a competition winner, to the height of more than 35,000 meters, or roughly 100,000 feet.

The circuit was activated and linked via phone to the ground. As it moved through the stratosphere, falling air pressure caused the balloon to expand from 2.2 meters to 10 meters in diameter. The balloon was then destroyed and a parachute was deployed, with three independent telemetry systems transmitting data so the crew could retrieve the craft.

The mission lasted approximately two hours. At the end of its journey, the balloon exploded, Space Miner One parachuted back to earth, and the capsule landed in a field in Lithuania, where it was retrieved thanks to GPS tracking. Videos of the mission were posted to Miner One’s Facebook page.

The company wrote in a blog post:

“In the middle of what feels like a slump, Miner One wants to remind people that Bitcoin and cryptocurrency in general is really about the future and the revolutionary technology at its heart: so-called blockchain technology,” 

The move is a not-too-subtle nod to the popular term “to the moon” that describes a well-performing crypto. Miner One says they are planning to build an eco-friendly mining center in Northern Sweden later this year.

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