Crypto mining company uses ASIC to mine Bitcoin in Space
This morning, a cryptocurrency mining company called Miner One sent an ASIC into space (kinda) to mine Bitcoin for a few hours. Doing so, they evoked some interesting questions: Are they the first crypto mining company in space? Does crypto mining have a future in space?
The Miner One team used a helium-filled balloon to send the miner as high as 35,000 meters (100,000 feet). After the balloon passed through the troposphere, the ASIC was activated and used a satellite phone to access the internet as it continued rising towards the stratosphere. Eventually, the balloon burst and the miner parachuted back down to earth.
The miner technically wasn't in space, as it would have needed to break through the exosphere, but it was still pretty darn cool. More importantly, this raises an interesting question for the future. Could a miner be put into a satellite orbit and remain powered by the Sun? The answer is probably. With a rising demand for blockchain scalability and sustainability, it may be an option to consider an off-planet and/or satellite validation method. If we can better harness the energy of our celestial star and get on the Kardashev scale, maybe our tps (transactions per second) limits on some blockchains would disappear
While we're on the topic of Bitcoin, we mind as well address the recent pivot in the market, from bear to bull. If this trend continues, Bitcoin should begin retesting its all-time highs in the next couple months. Just based on Bitcoin's history, another record high at this point would signal much higher levels, potentially numbers higher than even the Stratosphere.
Link: Miner One in Space
Link: The Kardashev scale