If you think that the activity of mining cryptocurrency can only be done in specially designed centers, you’re wrong.
Miner One, a company specializing in the cryptocurrency mining, launched in the air a computer-equipped balloon to mine Bitcoin in the stratosphere.
The fact that the company is in the middle of its ICO period has not impeded it to be noticed in other ways. By launching a new initiative, Miner One hopes to increase its market share following the Bitcoin devaluation since December 2017, marked by a decrease in value from $ 20,000 to $ 9,000 in 2018.
“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. Space Miner One (SMO), a name for the new invention, reached a remarkable 35,000 meters (100,000+ ft) of altitude in the stratosphere, and is believed by members of the Miner One community to be a symbol that the price of bitcoin will reach 35,000 and more in 2018,” stated the CEO of Miner One.
According to a general perspective, the group explained that the balloon is filled with helium and has an attached parachute. It’s also equipped with ASIC mining circuits designed from two ASIC Block Erupters. All of them are linked to “a Raspberry Pi 3 microcomputer, a battery and a satellite phone, all located inside the SMO carbon fiber capsule, along with a metal souvenir ‘bitcoin’ for a lucky winner of Miner One Sweepstakes.”
The way up and back to the ground
The flight to the stratosphere lasted about 2 hours and 30 minutes, while the process was a simple one: “Space Miner One passes through the troposphere; ASIC is activated and connected by a satellite transmitter to the Internet. When Space Miner One enters the stratosphere, the pressure of the falling air causes the balloon to expand from 2.2 to 10+ m in diameter, large enough to be seen from the ground.”
On the way to the ground, “the Balloon was detonated, the parachute was deployed, and Space Miner One began its journey back to Earth.”
Thanks to this launch, Space Miner One has become the “first cryptocurrency mining equipment” to reach the stratosphere. Space launch has the advantage of creating a productive operating environment for processors involved in crypto mining, due to the combination of abundant solar rays and cold temperatures that the balloon reaches on the way up.