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Bitcoin Mining in Space: An Interview with the CEO of Miner One

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A company made history on Monday by launching a Bitcoin mining platform called Space Miner One in the stratosphere, where it confirmed transactions and extracted Bitcoin at more than 100,000 feet from the surface of the planet.

Attached to a weather balloon, the Space Miner One device drifted into the lower atmosphere before returning to Earth aboard a parachute where it was safely recovered from a field in Lithuania. The platform was connected to the Internet via a satellite phone and was also equipped with an ASIC mining chip, a Raspberry Pi 3, a battery, a GoPro Hero 5 and of a metal souvenir piece for a winner.

We spoke to Pranas Slušnys, CEO of Miner One, about the significance of the launch and its plans for the future.

"The goal of Space Miner One is to symbolically express our belief that bitcoin and cryptocurrency in general are about the future and the revolutionary technology at its heart: blockchain technology. with this new technology, the sky is the limit. "

Mr. Slušnys has an impressive resume including over 20 years of experience in the field of information and communication technologies, as well as in the construction and management of centers. of data. The Miner One project is currently raising funds to build a mining farm in northern Sweden where low temperatures and energy costs will contribute to the success of the project's encryption operation which, according to the team, will offer to investors a better return than mining.

The next stage of the project is the construction of the mining facility. Mr. Slušnys informed us that they are eager to start mining, especially with the price rebound of Bitcoin and Ether, indicating that it will help pay for more advanced equipment than the project needs to grow. The project is committed to start payments to investors by the end of summer.

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The CEO of Miner One told CCN that even though Monday's launch was symbolic, he firmly believes that cryptocurrency mining in space will be a reality in the future.

"We think that the mining and the technology on which it is based will, of course, reach outer space. In a sense, this has already been done to the extent where the communication channels carrying information around the bitcoin network use satellites.

One even hears that NASA is studying the possibility of using blockchain technology for communication and navigation in space. "

While the Miner One team will keep their feet on the ground, NASA has actually started doing blockchain research for space navigation, and it may well be that the In the future, satellites armed with mining nodes and solar panels can operate cryptocurrency networks. and generate returns from the space.

Pictures of MinerOne.

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