An organization made historical past on Monday by means of launching a Bitcoin mining rig known as Area Miner One into the stratosphere, the place it showed transactions and mined Bitcoin over 100,000 ft from the skin of the planet.
Hooked up to a climate balloon, the Area Miner One rig drifted in the course of the decrease environment ahead of returning to Earth on a parachute the place it used to be safely recovered from a box in Lithuania. The rig used to be attached to the web by the use of satellite tv for pc telephone and used to be additionally fitted with an ASIC mining chip, a Raspberry Pi three, battery, GoPro Hero five, and a steel memento coin for a contest winner.
We spoke to Miner One CEO Pranas Slušnys concerning the that means of the release and his plans for the long run.
“The objective of Area Miner One is to symbolically categorical our trust that bitcoin and cryptocurrency typically is concerning the long term and the innovative era at its middle: so-called blockchain era. And with this new era, the sky’s the restrict.”
Mr. Slušnys boasts an excellent resume together with over 20 years enjoy in IT&T industry and information middle development and control. The Miner One mission is recently raising funds to construct a mining farm in northern Sweden the place low temperatures and effort prices will all help the luck of the mission’s crypto-mining operation, which the group consider will grant traders higher returns than mining at house.
The next move of the mission is construction the mining facility. Mr. Slušnys knowledgeable us that they’re keen to begin mining, specifically with the rebounding costs of Bitcoin and Ether, mentioning that this may assist pay for extra of the state-of-the-art apparatus the mission must develop. The mission has committed to begin payouts to traders by means of the tip of the summer season.
Miner One CEO advised CCN that whilst Monday’s release used to be symbolic, he firmly believes mining cryptocurrency in area can be a truth at some point.
“We predict mining and the era it’s according to will, in fact, ultimately achieve outer area. In a way, it already has to the level that communications channels wearing data across the bitcoin community use satellites.
We even pay attention phrase that NASA is researching the opportunity of the use of blockchain era for communique and navigation in area.”
Whilst the Miner One group can be preserving their ft at the flooring, NASA has certainly begun blockchain research for deep space navigation, and it’ll neatly be that at some point, satellites armed with mining nodes and sun panels may just function cryptocurrency networks and generate returns from outer area.
Photographs from MinerOne.
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