Peter Todd advocates for space crypto mining: “It might make sense from an economic perspective”

Peter Todd, a Canadian computer scientist and Bitcoin Core developer, recently wrote a blog post describing the feasibility of building a Bitcoin mining facility in the vacuum of space. Todd claims that cryptocurrency mining in space is not only possible with existing technology, but also economically feasible if the cost of sending goods into space can be reduced. The idea of ​​cryptocurrency mining in space has been discussed in the community for years. Supporters often point out that space mining operations can use unlimited solar energy and will not leave any carbon footprint on Earth. Opponents, however, warn that there may be inherent centralization due to the relatively high cost of deploying, building and operating extra-planetary mining facilities. On the technical side, both parties seem to agree that even if it is economically feasible to launch such a project, there are some obstacles that need to be overcome to conduct operations in space. His post questions the assertion that cooling mines in space will be a problem, saying that the nature of space allows for radiative cooling, that is, the dissipation of heat through thermal radiation. He further added that through a combination of sun-synchronous orbits and proximal positioning, latency can be controlled to a negligible level. In addition, Todd supports his claims with calculations and simplified explanations. According to Todd, “there is nothing fundamentally preventing space mining from being possible.” However, he went on to point out that this technical feasibility does not mean that such facilities will be built anytime soon. (Cointelegraph)