Here's something wild: your phone is literally carrying treasure.
Tucked inside every smartphone is roughly 36 milligrams of gold. Sounds tiny, right? But here's the kicker—if you were to mine that same amount from the ground the old-fashioned way, you'd need to dig through 3 kilograms of dirt.
That's the reality of traditional extraction. Makes you wonder what "mining" really costs.
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ThesisInvestor
· 12-07 15:51
36 milligrams? I still have some mining power in my phone. I’d have to smash it open to dig it out, right?
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TokenAlchemist
· 12-07 15:50
lol so basically phones are just concentrated value extraction machines... wonder what the actual marginal cost curve looks like when you factor in e-waste handling & recycling infrastructure inefficiencies. bet the traditional mining extraction ratio is even worse than stated tbh
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FOMOSapien
· 12-07 15:45
No wonder people have started recycling old phones—the business is deeper than I thought.
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DegenWhisperer
· 12-07 15:24
36 milligrams of gold? Ha, should have recycled the phone long ago.
Here's something wild: your phone is literally carrying treasure.
Tucked inside every smartphone is roughly 36 milligrams of gold. Sounds tiny, right? But here's the kicker—if you were to mine that same amount from the ground the old-fashioned way, you'd need to dig through 3 kilograms of dirt.
That's the reality of traditional extraction. Makes you wonder what "mining" really costs.