Asteroid Mining: Fortune or failure?
Posted: Wed May 10, 2017 6:19 am
Sorry if I made this sound more of a Kurzgesagt video script.
We, as humans know there's 13 thousand NEO (Near Earth Objects) in our solar system. But, what is asteroid mining?
Asteroid mining is the process of using special tools to break asteroids.
The benefits of asteroid mining are nearly endless.
First, anything required that very scarce will become available by commissioning special companies to send drones.
The drones will then cut up the asteroids, take the minerals required, and launch them back to Earth.
Secondly, the chances of asteroids hitting Earth with Asteroid Mining will be greatly reduced, depending on where the location of mining is and how many there are being mined.
The list goes on and on.
But, there are disadvantages.
First, it takes enormous amounts of fuel to get out of Earth's orbit. Once they're out there, they will need gravitational pull help IF the companies designing the robots want to waste as little fuel as possible, and this takes days, it doesn't happen overnight.
Another thing that could happen is that once-valuable minerals like diamond or gold will be worthless.
The abundance of those in the Solar System makes Earth diamonds look like wastes of carbon.
The probes could also be hacked, launching asteroids towards the earth instead of destroying them.\
Technologically, deep space mining will have many ramifications. Planetary Resources has a huge pool of very powerful technological backing, each with "skin in the game" for the success of the project. They will undoubtedly each contribute a great deal toward the theoretical practice of space exploration, mining and many other sciences. Many of these will have real world benefits here on earth. What exactly they will be we can't know, but there will be improvements even if the project does eventually fail. If the project does succeed (not necessarily in profiting, but just in getting some material back to Earth). After that point other advancements will take place. First once the first ounce of platinum reaches Earth, we will likely see the most expensive "gold" rush in history. Thousands of copy cat companies will rise up overnight trying to recreate any success that Planetary Resources has had. They will also know what failures the company experienced in their work and will come up with thousands of new approaches to succeed at it. This will again increase the technological advancements here on Earth. Also there is the previously mentioned boon we will experience after we experience a new source of rare materials. After the ability to mine becomes a practice that bores us we will have accidently made space travel within the inner solar system easy.
(quoted from Quora, one of the websites I use to research)
But the benefits may heavily outweigh the disadvantages.
They could make space flight a breeze.
The outer solar system would be in our hands, with refuelling stations on Titan when plausible.
Titan is one of Saturn's moons, and has an abundance of oil and gas, whom more than earth.
That's really all I've got to say for this topic.
We, as humans know there's 13 thousand NEO (Near Earth Objects) in our solar system. But, what is asteroid mining?
Asteroid mining is the process of using special tools to break asteroids.
The benefits of asteroid mining are nearly endless.
First, anything required that very scarce will become available by commissioning special companies to send drones.
The drones will then cut up the asteroids, take the minerals required, and launch them back to Earth.
Secondly, the chances of asteroids hitting Earth with Asteroid Mining will be greatly reduced, depending on where the location of mining is and how many there are being mined.
The list goes on and on.
But, there are disadvantages.
First, it takes enormous amounts of fuel to get out of Earth's orbit. Once they're out there, they will need gravitational pull help IF the companies designing the robots want to waste as little fuel as possible, and this takes days, it doesn't happen overnight.
Another thing that could happen is that once-valuable minerals like diamond or gold will be worthless.
The abundance of those in the Solar System makes Earth diamonds look like wastes of carbon.
The probes could also be hacked, launching asteroids towards the earth instead of destroying them.\
Technologically, deep space mining will have many ramifications. Planetary Resources has a huge pool of very powerful technological backing, each with "skin in the game" for the success of the project. They will undoubtedly each contribute a great deal toward the theoretical practice of space exploration, mining and many other sciences. Many of these will have real world benefits here on earth. What exactly they will be we can't know, but there will be improvements even if the project does eventually fail. If the project does succeed (not necessarily in profiting, but just in getting some material back to Earth). After that point other advancements will take place. First once the first ounce of platinum reaches Earth, we will likely see the most expensive "gold" rush in history. Thousands of copy cat companies will rise up overnight trying to recreate any success that Planetary Resources has had. They will also know what failures the company experienced in their work and will come up with thousands of new approaches to succeed at it. This will again increase the technological advancements here on Earth. Also there is the previously mentioned boon we will experience after we experience a new source of rare materials. After the ability to mine becomes a practice that bores us we will have accidently made space travel within the inner solar system easy.
(quoted from Quora, one of the websites I use to research)
But the benefits may heavily outweigh the disadvantages.
They could make space flight a breeze.
The outer solar system would be in our hands, with refuelling stations on Titan when plausible.
Titan is one of Saturn's moons, and has an abundance of oil and gas, whom more than earth.
That's really all I've got to say for this topic.