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    <p>The much-hyped collaboration between BitMEX and private tech company Astrobotic that promised to take bitcoin literally ‘to the moon’ looks like it might fall short following an issue with the craft’s propulsion system.</p> 
    <p><a rel="dofollow" title="BitMEX" href="https://thebittimes.com/tag/bitmex.html">BitMEX</a> had previously announced that it was working with Astrobotic to place <a rel="dofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> on its lunar lander which launched from Florida on Monday. However, reporting from the BBC suggests that Peregrine 1 is “fighting a fuel leak” and that “a touch-down on the lunar surface is no longer possible.”&nbsp;</p> 
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      <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
       <p lang="en" dir="ltr">T-24h until BitMEX's #BitcoinToTheMoon mission <br><br>The @Astrobotic Peregrine 1 is all set for its launch, scheduled to carry the first-ever #Bitcoin to the moon on Mon, 8 Jan 2024 at 07:18 UTC.<br><br>Watch the launch live on @NASA TV:https://t.co/GufCM6Ix7s pic.twitter.com/DibI9Eqr0u</p>— BitMEX (@BitMEX) January 7, 2024
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    <p><em>Read more: Explained: The Tai Ping Shan dispute between Arthur Hayes and 3AC</em></p> 
    <p>Just hours after launch, engineers monitoring the craft, which was supposed to land on the moon in late February, noticed that it was unable to correctly align its solar panels. This means that it <strong>cannot draw enough power from the sun to charge its batteries</strong> and is being forced to use even more of its dwindling fuel supplies to keep it on track. But, once this propellant is used up, Peregrine 1 will reportedly lose power and start “tumbling.”</p> 
    <p><a rel="dofollow" title="BitMEX" href="https://thebittimes.com/tag/bitmex.html">BitMEX</a> has been capitalizing on the publicity generated by the <a rel="dofollow" title="mission" href="https://thebittimes.com/tag/mission.html">mission</a> by running its own trading competition that allows traders to potentially win a baseball hat signed by Arthur Hayes (as well as 100,000 USDT to be divided among the top traders).&nbsp;</p> 
    <p>The <a rel="dofollow" title="mission" href="https://thebittimes.com/tag/mission.html">mission</a> includes non-cryptocurrency clients like the United States National Aeronautics and Space Administration who had purchased <a rel="dofollow" title="space" href="https://thebittimes.com/tag/space.html">space</a> for several experiments on the lander.</p> 
    <p>It is also carrying <strong>cremated human remains</strong> of astronaut Philip K. Chapman, Star Trek creator Gene Roddenberry, and a number of the sci-fi show’s cast members.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitmex-s-bitcoin-moon-mission-could-be-lost-in-space-after-fuel-leak-tbt75994.html">https://thebittimes.com/bitmex-s-bitcoin-moon-mission-could-be-lost-in-space-after-fuel-leak-tbt75994.html</a></p>

BitMEX's bitcoin moon mission could be lost in space after fuel leak

TheBitTimes

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