Bitcoin We Going Out There And Beyond!
Bitcoin Mining in Space: An Interview With Miner One’s CEO
A company made history on Monday by launching a Bitcoin mining rig called Space Miner One into the stratosphere, where it confirmed transactions and mined Bitcoin over 100,000 feet from the surface of the planet.
Attached to a weather balloon, the Space Miner One rig drifted through the lower atmosphere before returning to Earth on a parachute where it was safely recovered from a field in Lithuania. The rig was connected to the internet via satellite phone and was also fitted with an ASIC mining chip, a Raspberry Pi 3, battery, GoPro Hero 5, and a metal souvenir coin for a competition winner.
We spoke to Miner One CEO Pranas Slušnys about the meaning of the launch and his plans for the future.
“The goal of Space Miner One is to symbolically express our belief that bitcoin and cryptocurrency in general is about the future and the revolutionary technology at its heart: so-called blockchain technology. And with this new technology, the sky’s the limit.”
My Thoughts
Communications be they telephone, email packages, cryptocurrencies are all being moved around via satellites. This seems a sound way of going forward, who would have thought Bitcoin to the Moon arrived so early.
Bitcoin Price Weekly Analysis
Key Points
- Bitcoin price is trading with a positive bias and it currently placed nicely above $9,500 against the US Dollar.
- There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
- The pair remains in an uptrend and it may well break the $10,000 level and settle above it.
Bitcoin price is gaining momentum above $9,500 against the US Dollar. BTC/USD is likely to accelerate higher above the $10,000 and $10,500 levels in the near term.
My Thoughts
Bitcoin is beginning to push back and moved slowly up from the $6k now just below $10k finding support level again. New week should be interesting to see whether the breakthrough $10k will happen, keep an eye open it may be the start of good things to come in the month of May.
Other crypto is on the upward move, keep watching, buy now before the prices rise.
How to create a Bitcoin Paper Wallet or Paper Bill
Why Create A Paper Wallet?
Exchange accounts can be hacked, mobile wallets breached, and smartphones lost, stolen or destroyed. But paper? It’s impervious to all digital attack vectors. It’s not foolproof – fire, water damage, or theft can still take their toll – but if you’re careful where you stash your paper wallet, it’s one on the safest ways to store cryptocurrency. Be it as a backup of an existing hardware, mobile or desktop wallet, or as a standalone wallet that exists solely offline, paper is perfect.
The ultimate form of cold storage, a paper wallet simply consists of a printout of the private and public keys to your address. (These can even be handwritten if you don’t trust printers or have access to one). Suffice to say that while the public key can be shared so that others can send you coins, you shouldn’t share your private key with anyone. Thus, once you’ve printed your wallet, you need to store it somewhere only your eyes can view it. That could be a safe, a bank vault or a sly hiding place in your home.
If you’re ultra cautious, you can even split your paper wallet into parts and store it in separate locations. Not much use if you’re a day trader, admittedly, but if you’re a hodler for life, a distributed paper wallet (with at least one duplicate to ensure redundancy) is about as safe as cold storage gets.
Read the full article to see how to create various wallets
My Thoughts
A topic spoken about often, how many have actually set this system up, securing the keys in a printed, hand written diary or QR Code safely tucked away in a safe?
Hackers are real, we see it happening everywhere, rather be safe, not sorry.
Superior Coin News
Thriving community based coin, active with members from all over the world, something taught from young Look after the Pennies and the Pounds will take care of themselves - loosely translated "Look after your Crypto it will Grow when Nurtured"
Find out how to share content using Kryptonia with Steemit.
On the new Superior Coins Information Site, Support button has been added to connect directly, found at the bottom right hand side of the page.
Quick Connect via Twitter:
Quick Chat on Telegram:
User Guide Superior Coins - Handy Connect
Daily Price Guide on Steemit -Bitcoin, SBD, STEEM and SuperiorCoin + More Popular Crypto via Colin Sydes
Crypto and Social Media, I personally use @kryptonia
Click the Footer Below to Find Out More
Congratulations! You recieved a 100% upvote from @kryptoniabot.
Remember to receive votes from @kryptoniabot
*For those who want to join the growing community, get your free account here: http://csyd.es/Kryptonia
I found this post from a task in kryptnia and I have attempted to complete the task.
Very good news for bitcoin, my humble support from kryptonia.
Thank you so much for resteeming, appreciate the support both here and on @kryptonia
Your post was resteemed by @resteemza
Please upvote this reply to help us grow
I'm super excited about Superior Coin ! I've already mined some and we hope it also sky rockets ! :)
its a good news maam ! from kryptonia here @azilanaitmay825
This is good news. Thanks for sharing!
Thank you for the update.
very very nice
Pretty sweet soon we will be mining in space since its so cold there :P
No air conditioning units required, all lined up and ready to go @bitcoinflood thanks for visiting, appreciated.
A good reminder for everyone!
Been in support of kryptonia from the beginning to the end....kryptonia@everdope
Very informative Lady Joan, Raspberries can always do the trick, even in IT form Lol. I also like the paper wallet idea. As far as bitcoin goes, we can only wait and hope! Blessings and Upvoted!
Paper wallets for security have been covered by many, always good reminder to keep everything safe. Value in cryptocurrency makes everyone a target for hackers, thanks for visiting Stephen always appreciated.
Great informative post about bitcoin. I pray it shoot up to the moon soon hehe. Happy sunday MA.
Really informative Joan. Personally I’m so excited to be part of this crypto movement and everyday there is something new to learn. So to the moon we go.....!
Been quite a ride so far, exciting technology being revealed more often, thanks for visiting @koevert
When I file things on paper, no one, including myself, can find them, ever...
Thank you for the reminder about security @joanstewart and the good news.
From Kryptonia.
Need a safe where all good things get stored for security, just don't lose the key.
Thank you for the tip about paper wallets and paper bills. New to me.
Always keep safe, never know when hardware crashes, leaving to setup from scratch.
Thanks for sharing,
Great time to be alive and part of the action, even in the smallest way.
Thanks and until the next time!
I just say: btc to the mooon!
I admire the fact that you are well versed in crypto-coins. We all need a strong bitcoin and let it fly to the moon and bring us a lot of money. Perhaps there will come a day when we will see 1 bitcoin worth of 50,000$.
Patience with technology that is so new to the world, big waiting game to see which path people will take @vipnata
Very informative post. Kryptonia id socialmediaseo
Good update about bitcoin and i resteemed so others can learn also
Thanks for support, keep learning, along with everyone else @airsoftman have a great new week.
Thanks for sharing.
Great news to all!
good news for holder.
Upvoted by alejandromata from Kryptonia
tnx for d info
Limitless ideas! @damiana
I am still quite clueless when it comes to Crypto, but your posts will get me there eventually! :)
I am still getting my very non-financial and innumerate, not to mention technophobic, head around all of this. However, having been hacked, I see the benefits of a paper wallet! Thanks, Joan.
What an interesting and exciting piece of news! I must applaud the creativity and ingenuity of Miner One for this project! Thanks for sharing it in #steemitbloggers 😁