Elon is going to put one million satellites in orbit that will use solar power to do AI. With the halvings cutting profits of miners, cost of power going up, I wonder if bitcoin operations might all be moving to space. What would that mean?
Posted by JoeSmith716
9 Comments
Still the hardest asset aroundÂ
dunno, stack sats and stay humble
I mean, we already have nodes up there, getting miners up is just a question of time.
https://blockstream.com/satellite/
I can’t speculate on what it would mean because the idea is a non-starter.
When they say, “To the moon!!”, this is what they are referring to.
All I know is that compute is going to continue to be a very valuable resource in the future and I think Bitcoin plays into that very well.
Why would you benefit from mining bitcoin in space?
Huge initial cost. No ability to upgrade. No ability to repair. No cheap source of power.
Mining is far more likely to move toward the cheapest energy on Earth than into orbit.
Space sounds futuristic, but launch costs, maintenance, latency, repairs, and hardware replacement would destroy the economics. Bitcoin miners follow energy efficiency first, not sci-fi aesthetics.
So the real future is probably more stranded energy, more off-grid setups, and more places where power is cheap enough to keep margins alive.
>satellites in orbit that will use solar power to do AI.
No they won’t do that.
>I wonder if bitcoin operations might all be moving to space.
Solar panels on a satellite make probably some of the most expensive kWh.