Piper67 (OP)
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Activity: 1106
Merit: 1001
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February 09, 2013, 12:18:29 PM |
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Mushoz
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February 09, 2013, 12:25:51 PM |
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"Kashefi and Brown have already crunched the numbers, and they attest that the experiment is not cost-effective enough to turn a worthy profit."
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www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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Hexadecibel
Human Intranet Liason
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Activity: 571
Merit: 504
I still <3 u Satoshi
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February 10, 2013, 05:19:28 AM |
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"Kashefi and Brown have already crunched the numbers, and they attest that the experiment is not cost-effective enough to turn a worthy profit."
heh... That's what I would tell people too... |
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zoinky
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February 10, 2013, 05:22:12 AM |
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"Kashefi and Brown have already crunched the numbers, and they attest that the experiment is not cost-effective enough to turn a worthy profit."
Give it a few years. |
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twolifeinexile
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February 12, 2013, 01:00:48 AM |
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"Kashefi and Brown have already crunched the numbers, and they attest that the experiment is not cost-effective enough to turn a worthy profit."
Give it a few years. Even they could do that, gold is still rare. |
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Chalkbot
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Activity: 896
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February 12, 2013, 01:37:55 AM |
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Yeah, I saw this earlier but concluded that it's probably easier to mine more gold than it is to maintain an ecosystem of this bacteria in gold ion infused water for 2+ years and then go collect the tiny particles they've put together, so.... no effect on price.
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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February 12, 2013, 02:21:04 AM |
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I am just surprised nobody came up with nuclear transmutation-created gold in this thread yet  . |
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Ente
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Activity: 2126
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February 17, 2013, 01:43:45 PM |
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producing real gold nuggets simply by exposing it to copious amounts of gold chloride, a toxic liquid substance with no actual value but which is found naturally in the environment. Uhuh.. Where can I sign up for some tons of this useless, toxic goldchloride? "lol" indeed! Ente |
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Piper67 (OP)
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Activity: 1106
Merit: 1001
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February 17, 2013, 01:58:25 PM |
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producing real gold nuggets simply by exposing it to copious amounts of gold chloride, a toxic liquid substance with no actual value but which is found naturally in the environment. Uhuh.. Where can I sign up for some tons of this useless, toxic goldchloride? "lol" indeed! Ente Hey, if shitting gold were easy we'd all be doing it. |
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benjamindees
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February 17, 2013, 08:49:22 PM |
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Uhuh..
Where can I sign up for some tons of this useless, toxic goldchloride?
A small investment in Bitcoin Island can secure reliable access to a steady supply of gold chloride  |
Civil Liberty Through Complex Mathematics
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ciphermonk
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February 18, 2013, 09:37:29 AM |
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Precious metals might be scarce on earth, but they are not scarce in space. If we start mining asteroids, have fun watching the precious metal prices crash! With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals. http://news.bbc.co.uk/2/hi/science/nature/401227.stmA total of 171,300 tonnes of gold have been mined in human history https://en.wikipedia.org/wiki/GoldIn case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history. All of a sudden, Bitcoins start to make a lot of sense  |
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Ente
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February 18, 2013, 01:41:12 PM |
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Precious metals might be scarce on earth, but they are not scarce in space. If we start mining asteroids, have fun watching the precious metal prices crash! With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals. http://news.bbc.co.uk/2/hi/science/nature/401227.stmA total of 171,300 tonnes of gold have been mined in human history https://en.wikipedia.org/wiki/GoldIn case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history. All of a sudden, Bitcoins start to make a lot of sense ..and just like ASICs: I will start to believe once I see it :-) Ente |
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b!z
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February 20, 2013, 01:21:30 PM |
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Gold is ugly and useless, nobody needs it.
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notme
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February 20, 2013, 01:24:17 PM |
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Gold is ugly and useless, nobody needs it.
Gold is the second best conductor. The first best is silver, but it tarnishes too quickly. If you like electronics, you need gold. |
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mp420
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February 20, 2013, 01:34:36 PM |
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Gold is ugly and useless, nobody needs it.
Gold is the second best conductor. The first best is silver, but it tarnishes too quickly. If you like electronics, you need gold. Well, usually copper is plenty good enough. Gold is used in plating connectors because of its unique ductility and malleability and chemical inertness, but as a conductor, not really. |
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