Bitcoin Mining Pool CEO to Lead SpaceX’s Historic Polar Spaceflight
14.08.2024 9:00 1 min. read Alexander Stefanov
Chun Wang, the founder and CEO of the renowned bitcoin mining pool f2pool and blockchain validator firm Stakefish, will lead an unprecedented human spaceflight mission to fly over the North and South Poles, orchestrated by SpaceX.
Announced yesterday, Wang’s role as the ‘commander’ of the Fram2 mission marks a historic first.
SpaceX’s mission details indicate that the flight, lasting between three and five days, will feature a diverse crew, including a ‘vehicle pilot’ and a ‘mission specialist’ with notable expertise in polar exploration, though their space experience is not specified.
The Fram2 mission, named after the ship of the Norwegian expedition that reached the South Pole in 1911, aims to achieve this pioneering journey.
Despite the mission’s name resembling that of Wang’s mining operation, there is no direct connection between the two.
However, some crypto observers, like Truth Labs, have noted a resemblance to FRAM JPEG Capital, which was involved in various high-profile exploits.
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Bitcoin's mining network has reached an extraordinary level of computational power, achieving over 1 Zettahash per second (ZH/s) for the first time.
Jefferies recently reported a decline in Bitcoin (BTC) mining profitability for September, despite a surge in the network's hashrate.
Bitcoin mining saw reduced profitability in July compared to June, as reported by Jefferies.
According to a JPMorgan report, in September the average Bitcoin (BTC) price and network mining rate rose slightly, while daily mining revenue and gross profits declined for the third consecutive month.
Bitcoin (BTC) mining has seen a notable decrease in energy consumption, dropping to 115.21 TWh (terawatt-hours) as of now, down 24% from 152.52 TWh at the end of July 2024, according to Digiconomist.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
Bitcoin mining stocks recently soared by up to 24.4% on October 28, driven by Bitcoin’s rally past $70,000 and favorable economic conditions.
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Larry Dean Harmon, the operator of the Helix Bitcoin laundering service, was sentenced on Friday to three years in prison for his involvement in laundering over $300 million worth of Bitcoin for darknet drug markets.
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