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⛓️ Crypto NeutralImportance 5/10

Orbital data center company to start mining Bitcoin in space

CoinTelegraph|Cointelegraph by Brayden Lindrea|
Orbital data center company to start mining Bitcoin in space
Image via CoinTelegraph
🤖AI Summary

Starcloud, an orbital data center company, plans to begin Bitcoin mining operations in space. According to CEO Philip Johnston, mining Bitcoin on ASICs in space is 30 times more cost-effective than using GPUs on a kilowatt-hour basis.

Key Takeaways
  • Starcloud is planning to conduct Bitcoin mining operations from space-based data centers.
  • Space-based Bitcoin mining using ASICs is reportedly 30 times cheaper than GPU mining per kilowatt-hour.
  • This represents a novel approach to cryptocurrency mining by utilizing orbital infrastructure.
  • The cost efficiency advantage suggests potential for expanding crypto mining beyond Earth-based facilities.
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