Apr 27, 2016 12:00
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Comments 32
On a levelised cost basis fuel makes up about 5% of the cost of electricity from a nuclear power plant. You could half the cost of fuel and your nuclear energy would still cost 97.5%. Capital and financing costs make up about 85% of the levelised cost. Much of those costs are driven by the health, safety and environmental regulation of nuclear energy - which may, or may not, be too strict or too lax depending on your view.
It's nice to know we can get at the stuff but I suspect the uranium is likely to stay in the sea for the next hundred years or so whilst we burn the last of our natural gas reserves and stick up windfarms and solar panels. Only when we discover that we're short of energy then or if the manufacturers of nuclear reactors can get themselves both cheap and safe does it make sense to start extracting lots of uranium from sea water - or anywhere else.
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Extraction of uranium from seawater still has some way to go to beat conventional extraction costs -- minehead yellowcake (U3O8) is currently priced at $27.60 a pound (the market is US based, don't blame me for the weird mass units). There's an oversupply of the world market for fresh uranium feedstock for enrichment while Russia and China are pressing ahead with developing their spent fuel reprocessing capabilities which would undercut the mining industry even more.
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Why?
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Would you like to borrow my Box Set of Season one of Game Of Thrones?
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If you leave the "bitcoin" part out blockchain is actually a pretty good protocol -- it generates a verifiable distributed ledger between mutually untrusting entities and establishes consensus when contradictory entries are published. It's really so much more than bitcoin (which is really simply a distributed ledger for tracking who "owns" the answer to the results of certain proof-of-work computations). Take out the proof-of-work part and replace that with any other data you want to store and you have a really interesting system in its own right.
Discussion of bitcoin often focuses on the mining but it's actually the ledger which is the cool part. I was part of a consortium seeking funding for blockchain research recently (I'm not a domain expert on it) don't know yet if we'll get the money but it's definitely something I'm looking forward to working on if we do.
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I'd pretty much say 'imagine Portishead covering an ABBA song' would work better.
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I agree that it sounded like Portishead, and it made the lyrics sound good. I just object to it throwing all of the rest of the song away.
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