Miner One released a bitcoin mining module called Space Miner One to the stratosphere, where it confirmed the transactions and produced bitcoin mining in space at an altitude over 100,000 feet from the earth.
Bitcoin Mining in Space
Attached to a balloon, Space Miner One ship drifted in the lower part of the atmosphere before returning to Earth by parachute. He safely received on the field in Lithuania. The central installation connected to the Internet via satellite phone, and also equipped with an ASIC chip, Raspberry Pi 3, a GoPro Hero 5 battery and a metal souvenir coin for the winner of the contest.
Head of Miner One Pranas Slushnis commented on the significance of the launch and his plans for the future.
Space Miner One rushes to the future
“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.”
Mr. Slushnis boasts an impressive resume, including more than 20 years of experience in building and managing business data and information centers. Currently, the Miner One project attracts funds for the construction of a mining farm in northern Sweden, where low energy and energy prices will contribute to the success of the crypto mining project, which, in the opinion of the team, will provide investors with a higher return than home production.
The next step of the project is the construction of a mining enterprise. Mr. Slushnis informed us that they are eager to start mining. Especially the increase in prices for Bitcoin and Ethereum will help to purchase more advanced equipment, due to which the project should grow. The project undertook to begin payments to investors by the end of the summer.
Bitcoin mining in space can turn into a routine practice
The CEO of Miner One said that although the launch on Monday was symbolic. He firmly believes that the mining of bitcoin in outer space will become a reality in the future.
“We think mining and the technology it is based on will, of course, eventually reach outer space. In a sense, it already has to the extent that communications channels carrying information around the bitcoin network use satellites. We even hear the word that
“NASA is researching the possibility of using blockchain technology for communication and navigation in space”
While the Miner One team will continue to evolve, NASA has really begun research on the blockchain for deep space navigation, and it is possible that in the future, satellites armed with mining modules and solar panels can work with cryptocurrency networks and generate returns from space.