Odaily Planet Daily reports that Starcloud, a space-based data center startup backed by Nvidia, will begin mining Bitcoin in orbit when it launches its second spacecraft later this year. Starcloud CEO Philip Johnston stated that operating ASIC miners in orbit is one of the most compelling use cases for space computing, with ASIC miners costing approximately $1,000 per kilowatt-hour—about 30 times cheaper than GPUs valued at $30,000. Johnston believes that Bitcoin mining currently consumes around 20 GW of continuous power on Earth, and that the industry will eventually shift to orbit. Founded in early 2024, Starcloud aims to build orbital data centers to meet AI energy demands, with its data center network comprising approximately 88,000 satellites primarily powered by solar energy.
Starcloud to Begin Bitcoin Mining in Space Orbit Later This Year
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Summary
Bitcoin breaking news: Starcloud, a space-based data center startup backed by Nvidia, will begin Bitcoin mining in Earth orbit later this year using its second spacecraft. CEO Philip Johnston said space-based ASIC miners cost approximately $1,000 per kilowatt-hour—30 times cheaper than GPUs. According to Bitcoin news reports, the company plans to build a solar-powered orbital data center supported by a network of 88,000 satellites. Johnston believes Bitcoin mining will eventually transition to space.
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