Miner One is a startup company that recently mined bitcoin on the edge of space – seriously. Find out how the startup’s space mining works today in our review.
What Is Space Miner One?
Miner One is a startup company found online at MinerOne.io. The company made headlines in April 2018 for launching its bitcoin mining operation at the edge of space.
Also known as Space Miner One or SMO, the company successfully launched an ASIC miner to an altitude of 100,000 feet using a balloon.
“The beating heart of Space Miner One (SMO),” explains the official website, “is a specially-adapted ASIC (application-specific integrated circuit) that will perform the data processing known as “mining bitcoin” at the edge of space.”
Miner One’s long-term goal, however, isn’t to launch a bitcoin mining operation in space. Instead, the company is currently undergoing a crowdsale to raise money to launch a bitcoin mining operation in northern Sweden. Launching a bitcoin rig into space was mostly a publicity stunt.
How Miner One Mines Bitcoins & MIO Tokens In Outer Space
You can’t just launch an ASIC rig into orbit and start mining bitcoin. How exactly did Miner One mine bitcoin in space?
The secret to Miner One’s system was a carbon fiber capsule. Inside that capsule, the company placed the ASIC chip, a Raspberry Pi 3 microcomputer, a battery, and a satellite transmitter. There was also a souvenir metal bitcoin attached to the top of the rig.
The capsule also contained an equipment module with navigation and tracking equipment and an independent power supply. That equipment module was thermoinsulated and had a thermoregulator to protect it from extreme temperatures.
One final piece of the puzzle was the parachute. Miner One attached a parachute to its capsule. That parachute safely carried the miner back to earth after the balloon exploded at its maximum altitude.
To carry the miner up into orbit, Miner One used a large latex balloon filled with hydrogen. That balloon carried the miner into the upper stratosphere where it began mining bitcoin.
The system successfully mined bitcoin at an altitude of 35,000m, just on the edge of space. The balloon was large enough to be seen from the ground, reaching a maximum size of 10 meters at one point during the test.
On landing, the capsule used three independent telemetry systems to relay its location to ground crew. The ground crew then recovered the module.
In a promotional image posted on the official Miner One website, we see a balloon carrying a bitcoin mining rig high above the earth. A camera is affixed on the frame of the device, pointing back towards the rig. There’s a large metal bitcoin logo over top of everything.
Miner One completed its test on April 30, 2018, in Lithuania. The rig began mining bitcoin after the chip was activated during the ascent. The balloon inflated to a diameter of 10 meters, carrying the rig up to an altitude of 35,000 meters (about 100,000 feet), at which point the balloon exploded. When the balloon exploded, the rig deployed a parachute, and the team safely recovered the rig from a nearby field, using GPS to locate the miner. The journey lasted approximately 2 hours.
Why Mine Bitcoin In Space?
We already explained how Miner One mined bitcoin in space. But why did the company mine bitcoin in space? What’s the point of mining bitcoin in space?
Miner One mined bitcoin in space mostly as a publicity stunt. However, the team also wanted to introduce the idea that one day, in the future, we could mine bitcoin in space using solar energy. Instead of using up earth’s resources and land with bitcoin miners, we could place massive mining rigs in space and take advantage of solar energy.
The space launch was also a nod towards the “to the moon” attitude of the crypto industry. Many token investors believe the price of their favorite token is going “to the moon”, indicating that that the price will skyrocket. Miner One didn’t quite take their miner to the moon – but they came closer than any other miner in history.
About Miner One
Miner One is a startup company preparing to launch an eco-friendly mining center in northern Sweden.
The company aims to raise money for its mining center through a crowdfunding campaign. Miner One will launch its mining center within 3 to 5 months of completing its crowdsale campaign, during which it plans to raise 3,000 ETH. The current round of the sale is scheduled to end on May 5, 2018.
The company is led by CEO Pranas Slusnys.
Space Miner One Conclusion
Miner One recently launched an ASIC bitcoin miner into space. The startup company launched a bitcoin mining rig via balloon to an altitude of 35,000 meters (100,000 feet), at which point the balloon popped, a parachute deployed, and the rig landed safely in a farmer’s field in Lithuania, where it was recovered via GPS positioning. The rig mined bitcoin during the entire flight.
Miner One won’t specialize in space-based bitcoin mining in the future. Instead, the company is seeking to launch a bitcoin mining operation in northern Sweden. The recent space flight was mostly a publicity stunt – but it was also designed to prove that future bitcoin mining could take place in space using solar energy.
To learn more about Miner One and its future goals, visit online today at MinerOne.io.