there are more supply in gold than bitcoin, so marketcap is relative, value is more important, and gold can be mined forever as it can be produced on laboratory, where bitcoin as a limited supply and will eventually end
This is a copy and paste as I am lazy.
An example of lab produced gold :
Cost of creating Gold is determined by electricity used and labour (wages) involved. It would be 'unfair' to include the outright cost associated to engineer and assemble the technology required to synthesize Gold and other Metals.
I will give you some specs and info about one cyclotron called TRIUMF (and for very good reason).
Built in 1968
340+ Engineers and Scientist employed
150+ Students (don't get paid)
Canadian Government has already paid for infrastructure (totaled $80 Million) and approved funds to run the cyclotron for 5 years costing $222 Million CAD. Now, if we entertain the idea that each Specialized Staff receive $300,000 CAD salary (per year) that leaves $120 Million CAD for running costs. Divide $120 Million CAD by 5 to leaves $24 Million CAD per year cyclotron electrical running costs (if not Cold Fusion).
Generates non synthesized revenue purely by those wishing to lick the belly of TRIUMF of over $1 Billion CAD per year.
Collaborates with over 50 other international 'research' institutes.
Canada National Lab (apparently) owned
Is able to beam 1 Trillion Particles no problem
Points to know:
- One Particle = Proton or Neutron or Electron.
- Proton + Electron + Neutron = 3 Particles
- Gold has approx 275 particles in one Atom (79 being Electrons).
- Since the TRIUMF is able to 'handle' 1,000,000,000,000 Particles (Trillion) per fire
- I gram of Gold contains approx 24,150,300,000,000,000,000,000 electrons
- 1 gram of Gold contains approx 24,150,300,000,000,000,000,000 Protons
- 1 gram of Gold contains approx 36,000,000,000,000,000,000,000 Neutrons
- Total Particles in 1 gram of Gold is 85,000,000,000,000,000,000,000 (rounded up to nearest whole).
- Therefore, it would require 850,000,000 runs of the Cyclotron to be able to produce 1 gram of Gold (and that 'if' it is 100% efficient without energy lost as heat et cetera).
- Now, the TRIUMF apparently only fires on avg 6 High Intensity beams per week for 13 weeks, bring the total amount of fires to 78 beams fired per year.
- It would take TRIUMF approx 10,897,436 years at their apparent current rate to produce one gram of Gold.
I dont think the miners have anything to worry about any time soon