Topic: Gold runs blockchain technology (Read 428 times)
Gold is a physical asset, how can I run on blockchain technology, I can not imagine how to do this, perhaps they will never apply to blockchain technology.
I think it will never happen, unlike bitcoins or any cryptos. Gold is a certain material of a certain shape, which is possessed by humans when exchanged, the buyer will know the exact information of the seller. Although gold and blockchain technology may be identical, their nature is completely different
so what is your pooint? what is makes the gold runs blockchain technology by your research? i dont get it, as i know that gold is have a phyisc and bitcoin doesn't have, from the supply in the world, bitcoin have less than amount than gold, that is makes bitcoin is more expesive than bitcoin.
It is true that there are in the elctronic device there is certainly a gold content, such as Radio, Television and Smartphones, more precisely on the Motherboard.
But all of that needs a process to separate between gold and copper content, which requires certain chemical liquids and that is quite expensive than the gold that is on the motherboard, except that you have more than 100 pieces.
But all of that needs a process to separate between gold and copper content, which requires certain chemical liquids and that is quite expensive than the gold that is on the motherboard, except that you have more than 100 pieces.
Woah is this really true that gadgets like smarthphones, laptops and any other devices has its gold on it? Well if this maybe the case it is not only gold that will run blockchain technology because some parts of metals also being used to produced smartphones.
Smartphones don't run the blockchain...
Trying to run a full node on a smartphone is as useless as mining with a phone.
As for the first question, there is only a tiny amount, worth a few $.
If for those that plan on getting rich from it, just think, if the chip would require 200$ worth in gold, don't you think its going to cost at least 250$?
Same with the old computer chips, they were expensive as hell, a pentium pro started with the price of 3000$.
bitcoin with blockchain system or gold with blockchain system. both will compete today and in the future.
Devs run the block chain technology but that is the technicality. Gold is used in electronics but still Gold dont run the tech used in it.
Thus, gold and bitcoin are closely similar to each other. But I do not see gold in the parts of computer, in the motherboard. Maybe that computer is very expensive for there is gold.
I got it wrong. Moderators please delete this thread.
Your point being?
Yes, gold is being used in electronics(not sure if they're still being used that much or if they're now using an alternative), in jewelry, etc, but can you easily store gold like you can easily access your bitcoin on your mobile phone? Can you easily transfer a million dollars worth of gold overseas without paying hefty hefty fees?
Comparing gold with bitcoin, both has their own pros and cons.
Thus, gold and bitcoin are closely similar to each other. But I do not see gold in the parts of computer, in the motherboard. Maybe that computer is very expensive for there is gold. Yes, gold is being used in electronics(not sure if they're still being used that much or if they're now using an alternative), in jewelry, etc, but can you easily store gold like you can easily access your bitcoin on your mobile phone? Can you easily transfer a million dollars worth of gold overseas without paying hefty hefty fees?
Comparing gold with bitcoin, both has their own pros and cons.
For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU
World's 7th largest Sterlite Copper plant to shut down permanently
bla bla bla
Back to Gold in computers/laptops??
Old news from two months ago.
Reality:
http://www.mining.com/copper-price-takes-another-huge-hit/
Quote
The price of copper suffered its seventh straight day of declines on Thursday, losing more than 3% in New York to $2.8205 or $6,220 a tonne on the Comex market, its lowest level since July last year
You really like to avoid discussions when you're cut spreading fake information, do you?
For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU
World's 7th largest Sterlite Copper plant to shut down permanently
Sterlite Copper plant at Thoothukudi will be sealed permanently, says a Government Order issued by Environment and Forests department.This follows directions issued by Tamil Nadu Pollution Control Board (TNPCB) for closure and disconnection of power supply to the unit last week.The Government Order said, it is brought to the notice of the Government that TNPCB did not renew the Consent to Operate to Vedanta Limited, Copper Smelter Plant in its order on April 19, 2018. Subsequently on May 23, TNPCB issued directions for closure and disconnection of power supply to the unit. The power supply has been disconnected on May 24.
“Today, the main demand of the people is that the copper plant should be permanently closed. In keeping with their demand, it is shut now. I would like to make it clear that the Sterlite plant will be permanently shut,” Panneerselvam said.Describing the death of 13 people in the police firing as an “incident of grief which melted the hearts of everyone’’, Panneerselvam expressed his condolences to the kin of the dead and wished the injured a speedy recovery. Recalling the steps taken by the government for closing down the plant, he said way ago in 2013, the copper plant was shut by late Chief Minister J Jayalalithaa. However, Sterlite approached the National Green Tribunal and got orders for resuming operations and the government’s petition opposing this was still pending in the Supreme Court.
https://www.thehindubusinessline.com/news
Back to Gold in computers/laptops??
Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin.
The Pentium Pro also had two separate chips inside so this doubled the amount of solid gold wire bonding that is usually found in a single chip CPU. Gold refining yields of the Pentium Pro have been reported to be as high as around one gram per CPU.
www.chipsetc.com/gold-value-in-computer-chips.html
1 gram gold = $40
And how many Pentium Pro chips are still running?
How much gold is in a 7700K, do you have some numbers for this?
Or how about the S9 miner chips, how much gold is one of those things?
From the same article you've mentioned:
Quote
Modern computer chips manufactured after 1998 have very little gold content in them because most CPU's no longer use solid gold wire bonding technology or gold-plated lids in their packaging.
For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU
For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU
are you serious? because i know that the computer motherboard or any part of it is made of copper (maybe this is what you think is a gold but no) and fiberglass , i do not see any of the parts in computer is gold. what you wanna say? even the processor of intel is not make of gold.
the processor is made of
Sand. Made up of 25 percent silicon, is, after oxygen, the second most abundant chemical element that's in the earth's crust. Sand, especially quartz, has high percentages of silicon in the form of silicon dioxide (SiO2) and is the base ingredient for semiconductor manufacturing.
by the way there is my source.
https://www.tomshardware.com/picturestory/514-intel-cpu-processor-core-i7.html
the processor is made of
Sand. Made up of 25 percent silicon, is, after oxygen, the second most abundant chemical element that's in the earth's crust. Sand, especially quartz, has high percentages of silicon in the form of silicon dioxide (SiO2) and is the base ingredient for semiconductor manufacturing.
by the way there is my source.
https://www.tomshardware.com/picturestory/514-intel-cpu-processor-core-i7.html
Yes and the OP doesn't mean gold is outrunning bitcoin either he simply means a piece iof gold is found in almost every little technology out there including the computers that make up the bitcoin network and so essentially gold is running bitcoin.
First comes Gold. Bitcoin and technology come second.
Interesting, but yes, I believe that both gold, silver and bitcoin have a role to play. They are real money.
Gold run's blockchain technology in what way. I have been trying to wrap my head around it but still not making sense to me. If gold are included in processors how does it then affect blockchain technology. Is like saying that gold runs the internet. Does that make any useful meaning. Hardware technology are different from blockchain. I think you need to read about blockchain technology again.
Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin.
The Pentium Pro also had two separate chips inside so this doubled the amount of solid gold wire bonding that is usually found in a single chip CPU. Gold refining yields of the Pentium Pro have been reported to be as high as around one gram per CPU.
www.chipsetc.com/gold-value-in-computer-chips.html
1 gram gold = $40
There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.
Gold is at $1300/ounce and 1 Bitcoin is $6,200
Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10% of the total demand of gold. There is still too much scope in the expansion of the smartphone industry so this demand will go up and remember this amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.
Gold is at $1300/ounce and 1 Bitcoin is $6,200
it's too simplified to put it this way, but you're right, it's a very interesting observation indeed
this way we could add up also other minerals found in processors, the value would have grown
Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin.
ahahahah and what do you want to tell us with it??
Blockchain is much better Gold. from every point of view.
Blockchain is much better Gold. from every point of view.
Bitcoin is better in terms of store of value and transfer of value. But definitely not in everything. You cant use bitcoin for electronics/hardware parts and jewelry.
Yes and the OP doesn't mean gold is outrunning bitcoin either he simply means a piece iof gold is found in almost every little technology out there including the computers that make up the bitcoin network and so essentially gold is running bitcoin.
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