News for hackers. Stuff that matters.
Re:Company backed by James Cameron & Google founders may min... by jessriedel on Wednesday April 18, 2012 @04:28PM (#3860011)
> Throwing bits of asteroid at the planet seems inefficient, to say the least.

It might be inefficient in the sense that you lose much or even most of your materials during re-entry/collection, but (for all we know) it could still much more economical than mining here on earth. If you can bring gold back to earth at a price of $1k/kg, it's not going to matter that half (or even 90%) was destroyed in the process.

I assume here that you'd look around for asteroids that were of a Goldilocks size: not too small so that a large fraction of the material survives re-entry, but not too large so that it creates a serious risk of destruction.

Re:Company backed by James Cameron & Google founders may min... by bdunbar on Wednesday April 18, 2012 @04:46PM (#3860097)
I was assuming you'd have parachutes to avoid vaporizing the rocks when they hit the ground.

And if we have parachutes then we can wrap an ablative capsule around the rocks.

Add a guidance system to make the lawyers and citizens happy.

Re:Company backed by James Cameron & Google founders may min... by jessriedel on Wednesday April 18, 2012 @05:27PM (#3860311)
I think parachutes would be a waste, but a cheap, spray-on ablative layer could make sense.
Re:Company backed by James Cameron & Google founders may min... by bdunbar on Wednesday April 18, 2012 @09:31PM (#3861024)
Think of it this way - with parachutes and a guidance system you can land the stuff wherever you want.

This might not be so important for tons of raw metal. Could be a good tech to have around when you want your orbital factories to compete with terrestrial concerns.

Re:Company backed by James Cameron & Google founders may min... by maaku on Wednesday April 18, 2012 @07:20PM (#3860699)
And where would you get the parachutes, ablative capsule and guidance system?
Re:Company backed by James Cameron & Google founders may min... by bdunbar on Wednesday April 18, 2012 @09:27PM (#3861017)
Make them in orbit.

or

Send them up as freight.

Re:Company backed by James Cameron & Google founders may min... by redthrowaway on Wednesday April 18, 2012 @05:39PM (#3860358)
Gold is rare everywhere; is there any evidence that there's a large amount of it floating around the asteroid belt?
Re:Company backed by James Cameron & Google founders may min... by maaku on Wednesday April 18, 2012 @07:19PM (#3860695)
Yes, because Gold is not rare everywhere, just in the Earth's crust because of gravity differentiation (Gold sinks--there's probably quite a bit of it in the mantle/core).

There are individual asteroids out there with more platinum-group elements than has been extracted from the Earth in all of human history.

Re:Company backed by James Cameron & Google founders may min... by nerfhammer on Wednesday April 18, 2012 @06:58PM (#3860658)
Yes. 433 Eros is estimated to contain something on the order of $100 trillion worth, with similar amounts of other valuable elements.

There is some evidence that most of the precious metal deposits on earth came from collisions with such asteroids.

Re:Company backed by James Cameron & Google founders may min... by a_m_kelly on Wednesday April 18, 2012 @08:53PM (#3860923)
I've done quite a bit of looking around re: 433 Eros's composition. I have found very little to suggest to me that there's large amounts of valuable minerals there. Can you cite someone that's done a composition extimate? This: http://www.psrd.hawaii.edu/Feb02/eros.html suggests such estimates are spotty at best, since the formation of the object hasn't even fully been agreed upon.

I'd welcome the evidence about precious metals coming from collisions, that meshes with some of my understanding of the early solar system, but would be glad to know more.

Re:Company backed by James Cameron & Google founders may min... by davyjones on Wednesday April 18, 2012 @10:43PM (#3861165)
Does that estimate take into account the way such vast amounts affect the price curve? I would think that the gold price will fall if it is available in abundance.