Starcloud, a startup orbital datacenter backed by Nvidia, has announced that it will begin mining Bitcoins from space in the second half of this year, when it launches its second spacecraft, making it the first company on Earth to do so.
Starcloud “will be the first to mine Bitcoin in space,” Philip Johnston is the CEO of this startup. posted X announced its Bitcoin mining plans in the space on Saturday, after revealing them in an article. interview HyperChange is hosting a Thursday event.
Johnston stated in an interview that running Bitcoin ASIC miners will be difficult. “one of the most compelling use cases” Space compute is significantly less expensive than GPUs.
“GPUs are about 30 times more expensive per kilowatt or per watt than ASICs,” Johnston said. “A 1-kilowatt B200 chip, it might cost $30,000. A 1-kilowatt ASIC is like $1,000.”
Video on Bitcoin Mining pic.twitter.com/WXlp1BMya1
— Philip Johnston (@PhilipJohnston) March 8, 2026
Johnston stated that in the X-post, he said Bitcoin mining The space industry will grow to become a “massive industry” It is much cheaper than mining cryptocurrency on Earth.
“Bitcoin mining consumes about 20 GW of power continuously. It makes no sense to do this on Earth, and in the end state, all of this will be done in space.”
Starcloud is a company founded in 2024 with the goal of building data centers on space to meet AI’s growing energy requirements. It launched an satellite in November with an NVIDIA H100 It is the very first GPU to operate in orbit.
Solar energy is used to power its data centers. These include around 88,000 satellites.
Bitcoins sent to Mars
Johnston’s Starcloud envisions Bitcoin mining in space. Last year, Jose E. Puente (left) and Carlos Puente (right) came up a way to transmit it between planets.
Puente said to Cointelegraph in September that theoretically, it’s possible. send Bitcoin to Mars In as little as 3 minutes, using an optical link provided by NASA or Starlink along with a new system of interplanetary time stamping.
Although someone must be in the vicinity to receive it Bitcoin transaction would move through space stations — such as antennas and satellites — or even a relay around the Moon before reaching Mars.
The latency of the planets makes it impossible for them to claim that Bitcoin mining on Mars is possible.
Related: Bitcoin drops 2% as oil prices surge on energy shortage fears
Bitcoin mining profits have been shrinking over the last few months due in part to Bitcoin’s price (BTCPrice falling by nearly. 48% The price of gold has fallen to $126.080 from the high reached on Oct. 6,
Bitcoin Mining is a difficult task. fallen Miners can breathe easier for the moment, as their production has dropped 7% since November.
Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
