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Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by marcosdumay on Sunday March 28, 2021 @12:31PM (#26611666)
We live over a much larger ball full of Fe and Ni.

In fact, the actual value of a hard to get Fe reserve is 0. The ground is full of it, and it's much easier to get here. We would have to compare the costs of mining an asteroid with deep mining on Earth to discover if the Ni has any value, it's very likely 0 too, but I don't think anybody knows for sure.

Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by nate_meurer on Sunday March 28, 2021 @12:42PM (#26611758)
If you're referring to the earth's iron-nickel core, then the comparison is moot. Mining an asteroid is theoretically feasible. Mining the earth's core is not.
Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by marcosdumay on Sunday March 28, 2021 @01:06PM (#26612016)
Hum, no. The crust is full of Fe already. It is probably much cheaper to get it from dirt than from this asteroid, but it's concentrated on a huge amount of places.

If it was about the core, the answer for Ni would also be obvious.

Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by Turing_Machine on Sunday March 28, 2021 @03:22PM (#26613345)
> It is probably much cheaper to get it from dirt than from this asteroid

Well, delivery costs play a role as well.

If you're looking for iron for use on Earth, you're right. If you're looking for iron to use in space construction, the asteroid material is likely much cheaper.

If one believes (as I do) that the human race will either move into space or go extinct, then asteroids will be far more important for the future of our society.

Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by nate_meurer on Sunday March 28, 2021 @01:10PM (#26612048)
> We would have to compare the costs of mining an asteroid with deep mining on Earth to discover if the Ni has any value

Perhaps I misunderstood. What do you mean by "deep mining" for nickel?

Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by scarmig on Sunday March 28, 2021 @12:45PM (#26611795)
Simple solution: just crash this 140 mile diameter asteroid into Australia so it's accessible and cheap to mine. Afterwards the prices of iron and nickel would drop to zero!
Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by MauranKilom on Sunday March 28, 2021 @01:00PM (#26611962)
> Afterwards the prices of iron and nickel would drop to zero!

...and so would the prices of everything else. As well as the number of life-bearing planets in the solar system.

Re:Hubble Telescope Captures a Rare Asteroid Worth 70k Times... by jonplackett on Monday March 29, 2021 @06:09AM (#26619565)
It'll be much more useful when we want to build a ship in space rather than assuming we'd want to bring it back down into our gravity well.

Imagine the cost of launching that much iron into space...