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.
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
How much new gold is mined annually? Would this amount affect the price?
This is a fusion reactor, I’ll believe its making energy instead of consuming it when someone manages to get one to be net energy positive
Sure - they’re claiming to do two very difficult things simultaneously (net positive fusion and transmute mercury to gold at scale) which makes me even more skeptical. It’s like saying “Not only can pigs fly, but we’ve taught them to simultaneously do calculus.”