BitMEX’s Bitcoin To The Moon Plan Faces Setback
BitMEX’s highly anticipated plan to send Bitcoin “to the moon” is facing a setback. The lunar lander, Peregrine 1, launched on January 8, 2024, but it is now experiencing propulsion system issues that could affect its ability to land on the lunar surface in February.
Fuel Leak and Solar Panel Complications
Peregrine 1 is currently dealing with a fuel leak and complications with its solar panel alignment. These issues have affected its power generation from the sun and its ability to charge its batteries. As a result, the lander is forced to deplete its fuel supplies to maintain its trajectory. Once the propellant runs out, it will lose power and enter an uncontrolled tumbling state.
Astrobotic, the private tech company behind the mission, is working to get Peregrine 1 as close to lunar distance as possible before it loses power.
About BitMEX’s Ambitious Project
BitMEX’s project involves not only cryptocurrency enthusiasts but also non-cryptocurrency clients like NASA. The lunar lander, weighing 1.2 tonnes, was launched from Florida and is intended to land on the Moon’s northern hemisphere in late February. NASA has purchased capacity on the lander for five instruments to study the lunar surface environment.
The mission also holds sentimental value as it carries the cremated remains of astronaut Philip K. Chapman and cast members from Star Trek.
Hot Take: BitMEX’s Moon Mission Faces Challenges
BitMEX’s ambitious plan to send Bitcoin “to the moon” is facing challenges due to propulsion system issues with the lunar lander Peregrine 1. Fuel leaks and solar panel complications have hindered the lander’s ability to generate power and maintain its trajectory. Despite these setbacks, Astrobotic is working to salvage the mission by getting Peregrine 1 as close to lunar distance as possible before it loses power. This project not only involves cryptocurrency enthusiasts but also NASA and holds sentimental value as it carries the remains of notable individuals. The outcome of this mission will be closely watched by the crypto community and space enthusiasts alike.
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