Can We Mine Bitcoin In Space With Solar Panels?
To investors, One of the beautiful things about the internet is that you can meet anyone. People from different walks of life with different life experiences come together to discuss ideas and events on platforms like Twitter/X. Given the size of my audience on that platform, you can imagine the plethora of people who reach out with various ideas or proposals. More than 90% of the ideas are not interesting. This could be for a variety of reasons, but I pass on hundreds, if not thousands, of ideas sent to me each year. But every once in a while someone sends me an idea that catches my attention. Recently, an anonymous account sent me the idea of mining bitcoin in outer space using satellites and solar panels. I was surprised I had never heard this idea before. Here is a rendering of what orbital solar farms would look like: After going back and forth with the anonymous account, I was able to convince the individual to agree to two things — first, he approved me sharing the idea more broadly, and second, the individual created a personal account under his real name so you can follow him (his name is Nick Moran and you can follow him here). Here is the original message that Nick sent me about his idea:
As I mentioned, I had never thought about this before, nor have I heard anyone else talking about the idea. Good ideas can come from anyone…including anonymous accounts on Twitter/X. So here is my ask to all of you — what do you think about the idea? Do you think it could work? What are the big obstacles to make it a reality? Are there companies that have existing technology to create an experimental orbital solar farm with bitcoin miners attached? There are hundreds of thousands of people subscribed to this daily letter. Most of you are financial investors, but I am betting we have plenty of engineers or other relevant occupations. Who knows, maybe we even have an astronaut or two subscribed?! I would love to crowdsource information about this idea. Send me your feedback, your additional ideas, and anyone Nick and I should talk with. If the idea seems viable, I will keep everyone updated. If the idea is deemed not viable, I will let everyone know what we discovered. I believe this group is unstoppable when we focus on a big idea. Let’s see what happens. Hope you all have a great Christmas and holidays. I will return to writing later this week. -Anthony Pompliano Founder & CEO, Professional Capital Management Phil Rosen & Anthony Pompliano The Fed & BitcoinPhil Rosen, the Co-Founder of Opening Bell Daily, and Anthony Pompliano, Author of ‘How To Live An Extraordinary Life’ and CEO of Professional Capital Management, discuss bitcoin, federal reserve, housing regulations, home affordability, why the market is telling the fed what to do, and why you need to become an investor. Enjoy! Podcast Sponsors
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