Mining on another planet. Possible? | Bitcointalksearch.org

leannemckim46

sr. member

Activity: 420

Merit: 250

Quote from: gollum on November 04, 2013, 06:17:13 PM

Lets discuss how we can make Bitcoin work for 7 billion people here on EARTH before discussing how to export it to other planets and galaxies

Im afraid the architecture of bitcoin has its limitations if we reach millions of daily users.

Thats the problem, there is too many people on earth to mine Tongue

.. Mars only have whoever that manage to land...

gollum

sr. member

Activity: 434

Merit: 250

In Hashrate We Trust!

Lets discuss how we can make Bitcoin work for 7 billion people here on EARTH before discussing how to export it to other planets and galaxies

Im afraid the architecture of bitcoin has its limitations if we reach millions of daily users.

braytz

hero member

Activity: 490

Merit: 501

wtf is this thread?

rampalija

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

Fast & Furious 6....

Fast five is better than 6 for me. I hate that airport scene at 6, That airport i 150 Kilometers long

The series went downhill after the first one imo.

where downhill?

roflmao129

full member

Activity: 266

Merit: 100

I dont see a reason it shouldnt work on marse as long as theres internet connection there!

rampalija

full member

Activity: 154

Merit: 100

Quote from: JessicaSe on November 04, 2013, 08:36:22 AM

Lets start real digging on mars, we might find something even more valuable then diamond or gold.... like the gem underneath avatar tree..

if we find somethnig everyone shall quit form BTC Sad

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: JessicaSe on November 04, 2013, 08:36:22 AM

Lets start real digging on mars, we might find something even more valuable then diamond or gold.... like the gem underneath avatar tree..

Actually if something like a gem was found in abundance, it wouldn't have much value anymore.
The real scalable materials are those with an actual use, and even those only up to their saturation limit.

JessicaSe

legendary

Activity: 840

Merit: 1000

Lets start real digging on mars, we might find something even more valuable then diamond or gold.... like the gem underneath avatar tree..

blub

member

Activity: 88

Merit: 10

I think in the first few years energy on mars could be dirt cheap, in the time mars is collonised fusion energy will be available, and on mars there are no enviromental activists and the like, so produce energy, and dump the radioactive waste in the next hole. And deuterium looks like to be more common on mars.

gollum

sr. member

Activity: 434

Merit: 250

In Hashrate We Trust!

Why do it so complicated? People could use physical silvercoins on Mars if they ever move there.

ScryptAsic

hero member

Activity: 647

Merit: 501

GainerCoin.com 🔥 Masternode coin 🔥

Possible but why would people wanna do that? Real mining on another planet would be a better deal cause their stone is so rare....

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

Quote from: Foxpup on October 28, 2013, 10:14:07 PM

Mining Bitcoin on Mars is totally infeasible, as almost all blocks mined on Mars will be orphaned by the time they reach Earth. I have talked about a solution before:

Quote from: Foxpup on September 09, 2013, 08:06:05 PM

Each planet will have its own locally-mined cryptocurrency (Marscoin, etc), which each have a floating exchange rate to the original Earth-based Bitcoin. Marscoins and bitcoins can be directly traded for each other in order to settle interplanetary trade balances, the only issue is the speed-of-light delay for confirmations (which is unavoidable no matter what). Naturally Bitcoin can't be mined on Mars and Marscoin can't be mined on Earth, but that's not important.

An interplanetary coin with a block target of several Earth days (to allow interplanetary mining) is also a possibility for interplanetary trade or as a solar-system-wide reserve currency, but probably not necessary as long as the planetary coins can be freely traded, in which case it's likely that Bitcoin will become the solar-system-wide reserve currency (making all previous price predictions seem hopelessly pessimistic).

Yeah that's what I was thinking - thanks!

ekiro

full member

Activity: 154

Merit: 101

Quote from: b!z on October 28, 2013, 08:15:29 AM

If we can get a fast enough connection between another planet and Earth, it could be possible.

Of course we can. Lasers!

That's funny though. Assuming BTC will be around when we colonize the cosmos.

Sword Smith

sr. member

Activity: 406

Merit: 286

Neptune, Scalable Privacy

Quote from: GigaWave on October 29, 2013, 10:43:44 AM

Quote from: Foxpup on October 29, 2013, 01:07:16 AM

Quote from: Anon136 on October 29, 2013, 12:16:32 AM

quantum entanglement should allow for instantaneous communication over any distance.

It shouldn't and it doesn't.

Why shouldn't it? I guess you know everything their is to know about quantum mechanics,.... better let the rest of the world know so they can give up their research.

Foxpup is correct. I am a physicist.

EccLipSe

member

Activity: 168

Merit: 10

mars colony can use their local coin. But exchange could be possible always. Very easy to solve.

rampalija

full member

Activity: 154

Merit: 100

stupid topic, it should be in off topic. Dont spam for no reason

the_blazer52

newbie

Activity: 6

Merit: 0

Quote from: vastbitcoins on November 02, 2013, 12:56:33 PM

I wonder what electricity cost on mars

That's pretty much the problem with it. The electric generally comes from solar panels. There is hardly enough electric to keep all the life support going much less have a mining farm. Maybe if they had a nuclear reactor... Grin

vastbitcoins

member

Activity: 100

Merit: 10

Vast

I wonder what electricity cost on mars

snailbrain

legendary

Activity: 1807

Merit: 1020

Quote from: blub on November 02, 2013, 12:41:56 PM

nope, in black holes time goes slower, so on earth 10min have passed, but your shiny asic din't finish the first hash.

There is no known place in the universe with significant faster time than on earth.
If you found a spot with negative mass density in the surounding, but it is generally believed that negative mass doesn't exist.

i forgot to write (it could be the other way around) Cheesy

but.. in that case, we live in the blackhole and we mine on the outside

p.s. wasn't being too serious <3

blub

member

Activity: 88

Merit: 10

nope, in black holes time goes slower, so on earth 10min have passed, but your shiny asic din't finish the first hash.

There is no known place in the universe with significant faster time than on earth.
If you found a spot with negative mass density in the surounding, but it is generally believed that negative mass doesn't exist.

Topic: Mining on another planet. Possible? (Read 6545 times)