Last Monday morning, Space Miner One took off into a clear blue sky from the geographical centre of Lithuania. Onboard was a specially-adapted ASIC (application-specific integrated circuit) that performed the data processing operations known as “mining bitcoin” at an altitude of more than 35,000 metres.
The ASIC, a Raspberry Pi 3 microcomputer, a battery, and a satellite transmitter were placed inside the capsule along with a souvenir “bitcoin” medallion for the lucky winner of our previously-held sweepstakes.
The capsule was raised to 35,000+ metres by a hydrogen-filled latex balloon, and returned to Earth by parachute. Hydrogen was used instead of helium to get additional lift and save cost.
The goal? To remind people that bitcoin and cryptocurrency in general is about the future and the revolutionary technology at its heart: so-called blockchain technology. And that is not going away.
“We are bullish on bitcoin because it remains the world’s most popular and proven application of blockchain technology. And we see growing interest and adoption, despite recent market doldrums,” says Miner One CEO Pranas Slusnys.
And with bitcoin rallying, Slusnys is no less optimistic about the prospects for mining bitcoin — albeit with professional efficiency.
“Mining bitcoin is about supporting the decentralised global network that makes cryptocurrency possible. It’s really another word for providing data processing for the global blockchain infrastructure, which will have many applications in the future not limited to cryptocurrency,” explains Slusnys, himself a 20-year data centre industry veteran. “Short-term ups and downs notwithstanding, these networks will need efficient support centres like the kind Miner One is building.”
Industry experts are already predicting that blockchain technology will fundamentally change the way data is processed and stored around the world, making transactions simpler, cheaper, and harder to disrupt in everything from real estate and automobiles to produce, gemstones….even space travel. Companies like Miner One will take the technology to a new, more efficient level.
The Space Miner One mission has been covered by the following media: