Mining Bitcoin in space gives amazing results

Cryptocurrency is rising in more ways than one, as a company starts mining Bitcoin in space.

Crypto firm, Miner One, has become the first to begin mining Bitcoin in space.

According to the Coin Thud live price charts, the leading cryptocurrency is hovering around the $9,300 mark.

As values are rising following recent declines, Miner One launched a rig into space to harvest Bitcoin from the stratosphere.

The firm blasted the craft into orbit on Monday.

The move is a not-too-subtle nod to the popular term “to the moon” that describes a well-performing crypto.

After a two-hour space mission, the company was able to retrieve their craft from a field in Lithuania.

Miner One says they are planning to build an eco-friendly mining center in Northern Sweden later this year.

The cryptosphere meets the stratosphere

To lift the rig up toward the stars, the Miner One team used a hydrogen balloon.

Constructed in carbon fiber, the capsule housed an application-specific integrated circuit, a battery, a satellite phone, a Raspberry Pi 3, GoPro Hero 5, and a metal “Bitcoin” coin.

The circuit was activated and linked via phone to the operators once it reached over 100,000 feet from the ground.

Falling air pressure saw the balloon expand from 2.2 meters to 10 meters in diameter while moving through the stratosphere.

After destroying the balloon, a parachute was deployed to aid in its decent.

Three independent telemetry systems were transmitting data so that the crew could locate and retrieve the craft.

Posted by Miner One on Monday, April 30, 2018

The stunt comes amid Bitcoin’s healthy recovery following a three-month slump.

Speaking about the future of Bitcoin, Miner One CEO Pranas Slusnys says:

“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.”

Miner One is building its mining center following a successful crowdfunding venture.

The team hopes to start mining in three to five months after raising 3,000 Ethereum coins.

The current fundraising round is set to end on May 5.