You are viewing a single comment's thread from:
RE: Who Really Controls Bitcoin?
Once we get space cheaper. The next big players will be space based miners. They will have a unlimited supply of solar energy and the block chain will be perfect for space transactions.
Unless there are other applications of getting to space (such as deploying satellites) that can help with the cost to get there AND the high cost of solar panels, it won't be profitable for miners to go to space. Interesting concept to think about tho!
oh yeah its going to be interesting times. When I say miner's I think hardware in space like a satellite just for mining crypto. Some day we might have space stations for people, more for the fun of it than anything else. With spacex and blueorigin making the next spacerace cheaper we will see satellites getting cheaper with bigger payloads. You are right for now, solar panels are not cost efective for enrgy. but think about mining the moon, moon dust has high percentage of silica, a big ingredient of solar panels. Cost will go down when we mine the solar system and build in space.
As long as we have decent communication speeds. Latency on speaking from terrestrial to space based satellites can be nasty.
I am new to crypto, but would the blockchain not be the perfect way of transferring money from mars to earth?
Transmission from Earth to Mars the challenges really have nothing to do with blockchain or the form of the digital data. It is more a matter of how long it takes information to travel that distance. There is a delay. That is the latency.