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Willy Woo · 147w

The scarcity of gold is about to change. #Bitcoin. Really, it's a race to develop space mining tech, the cost to orbit is already becoming feasible. References: [1] $500-$1000 per kg to LEO https:...

Capt Stab @c_s 1684057563

Curious if the same logic applies to bitcoin mining……. No atmosphere, double the effectiveness of solar panels, potential to mine in space as more productive endeavour than on earth?

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It doesn't apply due to bitcoin's difficulty adjustment. Bitcoin has a target rate of inflation. More miners and cheaper energy does not increase bitcoin's issuance over the long term.

Random Guy · 147w

or even more, what happens when the cost of energy is zero? at what point is btc mining commoditized?

Solar panels would have to get 100-1000x better before that begins to make sense