So that the BTC miner can forever mine?
hell ya, but by the time you designed it, financed it and got it orbit all bitcoins will have already been mined (2040+). blast it
Topic: Is it possible to create BTC miners that orbit the sun for power? (Read 3091 times)
December 09, 2013, 09:46:22 AM
hell ya, but by the time you designed it, financed it and got it orbit all bitcoins will have already been mined (2040+). blast it
December 08, 2013, 11:58:25 PM
Get a flux capacitor...that's what I am running
December 08, 2013, 06:53:06 AM
So that the BTC miner can forever mine?
easier to just build a geothermal then to build a spaceship....
December 07, 2013, 07:40:04 PM
So that the BTC miner can forever mine?
Space vehicles wear out too. nothing can run forever.
December 07, 2013, 05:03:52 PM
So that the BTC miner can forever mine?
Yeah, it's actually been done. There's this cool satellite orbiting the sun called the Earth that houses a bunch of them.
December 07, 2013, 03:50:32 PM
Something i notice when people look for ways to increase the value of what they mine. They forget that the number of coins mined during any given time period is fixed. Say you had your solar powered miner in orbit. how much would it cost to build it and launch it? How many bitcoins would it have to mine to break even, or make a profit? What would your hash rate have to be to mine that many coins in say 3 - 5 years? In the mean time, everyone on earth would be buying newer faster miners, decreasing your income. People forget that the supply of coins is finite and we are all fighting over the same coins. Everytime i increase my bitcoin income, i'm lowering everyone elses, and vice versa.
December 06, 2013, 06:52:40 PM
Possible? Not right now but maybe if technology advances before Bitcoins are no longer generated. Reasonable? Absolutely not. In any way profitable? Absolutely not.
December 06, 2013, 02:15:09 PM
Buy BTC / LTC / PPC / TRC / FTC instead of mining.
More safe, more profit, more eco-friendly.
More safe, more profit, more eco-friendly.
Or instead of wasting money (if charts will look awful), you can also earn it (look at signature
). 
December 06, 2013, 01:56:05 PM
Uh, no. Takes what, like 7 minutes for light to reach the earth from the sun? That sure is a lot of stale shares.
December 06, 2013, 01:55:54 PM
so far none of you are thinking big
Dyson sphere miner FTW
Dyson sphere miner FTW
December 06, 2013, 01:54:32 PM
So that the BTC miner can forever mine?
I like your thinking here. Think Big!
December 06, 2013, 12:55:17 PM
Imagine you sent your gpu miner months ago.. You think it's still gonna make lot's of bitcoins now? 
No problem to switch for scrypt coins mining. December 06, 2013, 12:52:01 PM
The Earth just orbit the Sun, buy solar cells.
December 06, 2013, 11:47:19 AM
Imagine you sent your gpu miner months ago.. You think it's still gonna make lot's of bitcoins now?
December 06, 2013, 10:38:39 AM
Buy BTC / LTC / PPC / TRC / FTC instead of mining.
More safe, more profit, more eco-friendly.
More safe, more profit, more eco-friendly.
I know that that has worked so far, but that can't stay the case forever, else why would anyone mine?
I'm thinking well soon get to the point that there'll be so much hashing power on the network that all the new chips arriving won't cause such big jumps on a percentage basis. Maybe a few months, or maybe a year. But once we reach that point, buying into mining will become more feasible, as there won't be this insane demand that a mining setup pay for itself in 3 months else it will never pay for itself.
The number of coins from each type is limited and the difficulty of mining them is increasing with every block solved, week by week, month by month !
In the race for gold (BTC/LTC) only sellers of shovels (ASIC) gain profit.
December 06, 2013, 09:22:24 AM
Buy BTC / LTC / PPC / TRC / FTC instead of mining.
More safe, more profit, more eco-friendly.
More safe, more profit, more eco-friendly.
I know that that has worked so far, but that can't stay the case forever, else why would anyone mine?
I'm thinking well soon get to the point that there'll be so much hashing power on the network that all the new chips arriving won't cause such big jumps on a percentage basis. Maybe a few months, or maybe a year. But once we reach that point, buying into mining will become more feasible, as there won't be this insane demand that a mining setup pay for itself in 3 months else it will never pay for itself.
December 06, 2013, 09:12:53 AM
Buy BTC / LTC / PPC / TRC / FTC instead of mining.
More safe, more profit, more eco-friendly.
More safe, more profit, more eco-friendly.
December 06, 2013, 04:45:36 AM
Free energy is available right here on Earth, no need to send miners towards the sun.
Just hook your mining device to a free-energy generator.
December 06, 2013, 04:14:48 AM
You're talking about a Bitcoin Dyson's Sphere? I think that's slightly out of our reach. Come back in 100 years or so.
Also I believe the time it would take for a message to get from the sun to earth is ~8minutes, assuming it's at the speed of light, and given that a block should be found every 10 minutes, it's quite likely that by the time the block is sent to earth and processed, another block would be found elsewhere.
Also I believe the time it would take for a message to get from the sun to earth is ~8minutes, assuming it's at the speed of light, and given that a block should be found every 10 minutes, it's quite likely that by the time the block is sent to earth and processed, another block would be found elsewhere.
December 06, 2013, 04:13:05 AM
So that the BTC miner can forever mine?
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