this post was submitted on 27 Jul 2025
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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.
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
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."