Startup Claims Its Fusion Reactor Concept Can Turn Cheap Mercury Into Gold
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
In theory but can they do it efficiently. Probably not. And definitely not yet. But hey let them get the fool's money.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
"But it’s worth noting that the same process would likely result in the production of unstable and potentially radioactive isotopes of gold. As such, Rutkowski admitted, the gold would have to be stored for 14 to 18 years before it could be labeled radiation-safe."
Ah yes, 18-year vintage, very nice choice. Pairs well with a 3 carat lab grown diamond!
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"But it’s worth noting that the same process would likely result in the production of unstable and potentially radioactive isotopes of gold. As such, Rutkowski admitted, the gold would have to be stored for 14 to 18 years before it could be labeled radiation-safe."
Ah yes, 18-year vintage, very nice choice. Pairs well with a 3 carat lab grown diamond!
This is like a reverse Goldfinger plan. Could have an interesting impact on the gold market if it can be done at scale.
I'm sure most gold mining operations take at least a few years to get permitted and started and then there's risk that you won't find as much gold as expected.
Compared to a lump of gold that all you have to do is not lose it and it will appreciate in value all on its own.
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In theory but can they do it efficiently. Probably not. And definitely not yet. But hey let them get the fool's money.
I read up on this the other day and their claims are 8 tons produced per gigawatt of energy consumed. Even if they manage a quarter. Of that, it's enough to obliterate the value of gold. I doubt this will actuary go anywhere either way but it would be nice to see.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
When they can do transparent aluminum, I'm in!
edit: yes I know there's a ceramic material called ALON, which the manufacturer calls transparent aluminum because it contains aluminum oxynitride, but I don't think that's what Scotty meant. ALON is about 30-35% aluminum, same as the amount of lead in leaded crystal glass, which isn't "transparent lead".
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This is like a reverse Goldfinger plan. Could have an interesting impact on the gold market if it can be done at scale.
I'm sure most gold mining operations take at least a few years to get permitted and started and then there's risk that you won't find as much gold as expected.
Compared to a lump of gold that all you have to do is not lose it and it will appreciate in value all on its own.
"All you have to do is find it."
The value of gold is not just in its properties, luster, purity, etc., but also in the effort it takes to find or mine it. So, sure. Trip over a nugget and you're...golden.
The same concept can be loosely applied to the abstraction of crypto currency. It takes energy and computational effort to acquire if you don't just buy it.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
The search for the philosophers stone never ended.
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"But it’s worth noting that the same process would likely result in the production of unstable and potentially radioactive isotopes of gold. As such, Rutkowski admitted, the gold would have to be stored for 14 to 18 years before it could be labeled radiation-safe."
Ah yes, 18-year vintage, very nice choice. Pairs well with a 3 carat lab grown diamond!
I was wondering how radioactive the resulting material would be. Twenty years is totally viable for a power plant. Reactors in the US have been storing nuclear waste on site for a lot longer than that.
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I read up on this the other day and their claims are 8 tons produced per gigawatt of energy consumed. Even if they manage a quarter. Of that, it's enough to obliterate the value of gold. I doubt this will actuary go anywhere either way but it would be nice to see.
That's an enormous amount!
Most of the value of gold these days is its use in electronics, and jewelery. I'm fine with it being made cheap and plentiful. Anyone holding gold (or gold-backed investments) as opposition to other types of investments is going to see a big loss, but that's what they bought into.
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When they can do transparent aluminum, I'm in!
edit: yes I know there's a ceramic material called ALON, which the manufacturer calls transparent aluminum because it contains aluminum oxynitride, but I don't think that's what Scotty meant. ALON is about 30-35% aluminum, same as the amount of lead in leaded crystal glass, which isn't "transparent lead".
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When they can do transparent aluminum, I'm in!
edit: yes I know there's a ceramic material called ALON, which the manufacturer calls transparent aluminum because it contains aluminum oxynitride, but I don't think that's what Scotty meant. ALON is about 30-35% aluminum, same as the amount of lead in leaded crystal glass, which isn't "transparent lead".
Transparent aluminum was around in 2018 source
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The search for the philosophers stone never ended.
I really think I’m close, I just need to distill a little more urine
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I read up on this the other day and their claims are 8 tons produced per gigawatt of energy consumed. Even if they manage a quarter. Of that, it's enough to obliterate the value of gold. I doubt this will actuary go anywhere either way but it would be nice to see.
This article says (5 tonnes/yr) per GW produced. It's a fusion reactor, so it's making electricity, not consuming it.
At $0.05/kWh, 1 GWh of electricity is $438 million. At $3400/troy ounce, 5 tonnes of gold is $545 million. So that jives with the company's estimate on the article that the sale of gold could double their revenue.
All bunk, of course
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This is like a reverse Goldfinger plan. Could have an interesting impact on the gold market if it can be done at scale.
I'm sure most gold mining operations take at least a few years to get permitted and started and then there's risk that you won't find as much gold as expected.
Compared to a lump of gold that all you have to do is not lose it and it will appreciate in value all on its own.
Could have an interesting impact on the gold market if it can be done at scale.
Before figuring that out, they just need to develop a functioning fusion reactor. And since fusion energy is, as it has always been, a mere ten years off, it's probable that such reactors will take longer to be developed than it will take that radioactive gold to be safe to handle.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
Alchemy you say? Take my money now, I'll ask questions later. Glad we got in on this before the peer review!
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Could have an interesting impact on the gold market if it can be done at scale.
Before figuring that out, they just need to develop a functioning fusion reactor. And since fusion energy is, as it has always been, a mere ten years off, it's probable that such reactors will take longer to be developed than it will take that radioactive gold to be safe to handle.
Well getting more energy out of a fusion reactor than you put in is the really hard part, if you’re just doing it to make gold I imagine it’s easier
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"But it’s worth noting that the same process would likely result in the production of unstable and potentially radioactive isotopes of gold. As such, Rutkowski admitted, the gold would have to be stored for 14 to 18 years before it could be labeled radiation-safe."
Ah yes, 18-year vintage, very nice choice. Pairs well with a 3 carat lab grown diamond!
It's only irradiated gold if it comes from the Radioactive Startup Part of San Fransisco.
Otherwise, it's just sparkling rock.
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Last week, Marathon Fusion, a San Francisco-based energy startup, submitted a preprint detailing an action plan for synthesizing gold particles via nuclear transmutation—essentially the process of turning one element into another by tweaking its nucleus. The paper, which has yet to undergo peer review, argues that the proposed system would offer a new revenue stream from all the new gold being produced, in addition to other economic and technological benefits.
any particle accelerator can do that just incredibly slowly.
Alchemy of that sort has been doable for generations, it's just WILDLY impractical!
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When they can do transparent aluminum, I'm in!
edit: yes I know there's a ceramic material called ALON, which the manufacturer calls transparent aluminum because it contains aluminum oxynitride, but I don't think that's what Scotty meant. ALON is about 30-35% aluminum, same as the amount of lead in leaded crystal glass, which isn't "transparent lead".
Aluminium Oxide (Al~2~O~3~) can be crystal clear too, it's just Sapphire, I have a chunk of it on my wrist right now, looks pretty clear to me, and almost as hard as a diamond.
