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A US startup hints at its plan to mine #البيتكوين in space!
Starcloud says it plans to launch a dedicated Bitcoin mining machine into space later this year, potentially becoming the first company to mine Bitcoin in space.
This announcement was made by the company's CEO, Philip Johnston, during his appearance on the HyperChange YouTube channel.
Johnston explained that the company is currently focused on building a constellation of orbital data centers, but he confirmed that Bitcoin mining devices are part of their near-term plans.
He said, "We will place some (ASIC) mining devices on the second spacecraft that will be launched later this year."
This move follows a successful test conducted by the company to operate an Nvidia H100 processor in orbit, demonstrating that high-performance computing architecture can work in space. This processor is produced by Nvidia.
Johnston states that the long-term vision is energy-related; orbital data centers and mining devices in space can benefit from continuous solar power outside the atmosphere, which could provide a cheaper and more scalable energy source compared to what's available on Earth.
Compared to AI devices designed for companies, such as Nvidia processors that may cost over $30,000, Bitcoin mining devices are much cheaper, typically ranging from $600 to several thousand dollars.
Johnston also said on X platform, "It's now out in the open. Starcloud will be the first to mine Bitcoin in space."
He added that the opportunity could be enormous, noting that Bitcoin mining currently consumes about 20 gigawatts of energy worldwide, and in the long run, a large portion of this computational power could move off-planet...