Ultimately, mining should be banned from the surface of Earth. Let miners build orbital solar panel infrastructure close to the Sun where power is plentiful. See Bitcoin developer Peter Todd’s 2017-09-10 presentation on the subject (transcript).
What year do you think we’ll get the first product mined and manufacturered in space? And how about the first space grown food sold commercially?
I would guess 2040 and 2050 respectively, we’ll have the automation tools to get started by 2030 with government science projects then a decade for it to mature into something a company can try to create a market with, probably something that can only be made in low gravity like solve form of novelty such as space glass spheres or a special use material.
I think food will be fast behind because people will pay a lot for it and there’s already a lot of research into it for use in space based living facilities.
There may be some manufacturing processes that need microgravity or a good vacuum and could be be profitable, but I think you are being much too optimistic.
Maybe, it’s so hard to guess which way things will go. I would place a safe bet though that a rich person will buy a bit of jewelry or a watch that was made in space from space mined metals within in the next ten years.
Banks will use progressively less energy per capita as bulk data processing becomes more energy efficient, assuming they donʼt transition to using proof-of-work.
Ultimately, mining should be banned from the surface of Earth. Let miners build orbital solar panel infrastructure close to the Sun where power is plentiful. See Bitcoin developer Peter Todd’s 2017-09-10 presentation on the subject (transcript).
Edit: Fixed URL. Edit2; Add transcript link.
Mineral resource mining as well
What year do you think we’ll get the first product mined and manufacturered in space? And how about the first space grown food sold commercially?
I would guess 2040 and 2050 respectively, we’ll have the automation tools to get started by 2030 with government science projects then a decade for it to mature into something a company can try to create a market with, probably something that can only be made in low gravity like solve form of novelty such as space glass spheres or a special use material.
I think food will be fast behind because people will pay a lot for it and there’s already a lot of research into it for use in space based living facilities.
There may be some manufacturing processes that need microgravity or a good vacuum and could be be profitable, but I think you are being much too optimistic.
Maybe, it’s so hard to guess which way things will go. I would place a safe bet though that a rich person will buy a bit of jewelry or a watch that was made in space from space mined metals within in the next ten years.
Don’t forget the opportunity cost of achieving orbital velocity.
I’d say ban it but the cat is out of the bag. Tax it and provide alternatives and hopefully it will die.
dude you can totally ban it, it’s not even difficult, you just don’t let them suck up infinite power
Wait till you find out how much energy banking uses…
Per transaction?
Banks will use progressively less energy per capita as bulk data processing becomes more energy efficient, assuming they donʼt transition to using proof-of-work.
How much? How much of total US power is used by banks? You have a number, right?