Not sure if its true since Samsung said they would appeal
http://en.paperblog.com/samsung-pays-apple-1-billion-sending…
Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins - funny if its true !!
easternculture on 29/08/2012 - 22:36
Comments
id lie to you if i told you i know what 1 billion in 5c coins look like.
No one has ever sent me a truck of coins :( but maybe you have hahah
Also countries usually have a law limiting the amount you can pay in coins. E.g.
http://www.lifehacker.com.au/2010/07/what-counts-as-legal-te…
not in the US, but here we do
Actually it's even looser in the US; no business is obliged to accept currency or coins as payment and private businesses can have their own policy whether or not to accept cash.
It's not true, as they're appealing it anyway
yeh just realised a hoax , wish it was true though
Sigh, if only people were able to use the subjunctive correctly nowadays. LOL
then what? You'd live a more peaceful life?
Ridiculous hoax, but a good opportunity for some back of the envelope fun.
The total value of 5 cent coins in circulation is estimated at only $200 Million. And 5 cent coins have passed the seigniorage point of parity: 5 cent coins cost more than 5 cents in materials and production; it's estimated each coin costs 8 cents to make.So not counting the appeal process, not counting the fact the court order was between US entities in a US court (and thus necessitating US currency), not counting the cost of transporting such a huge number of coins, and looking at the cost of manufacturing (not commissioning) 20 Billion coins: It would make the payment effectively $1.6 Billion dollars.
The coins would weigh 56-thousand metric tons, which is 10% more than the total weight of the Titanic, or the same mass as 37% of all the gold mined in the history of man.
1 coin's volume is approximately 1.22cm3, so 20 Billion of them would have a volume of 2440m3, roughly the same as an Olympic sized swimming pool. BUT: circular objects do not stack efficiently, there is that empty space between them, star shaped in square packing, or pointy-triangle shaped in the most efficient hexagonal packing. Hex packing has a density of around 0.9069, so the volume would be 2440m3*(1/0.9069) which is 2690m3
That is assuming the coins aren't wrapped in cardboard tubes, then packed into boxes, and that they are stacked with perfect efficiency without falling everywhere and making a big pain in the arse mess. Can you imagine having to load the trucks like that? Jesus.
Anyway, brief research suggests one semi-trailer can carry 115m3 (only 24 trucks needed!) but the weight limits here are going to be the limiting factor: 42.5 tons. There are restricted special trucks that can carry up to a maximum of 50 tonnes on NSW roads (that's the hard limit for all road vehicles), lets assume they go with those.
56000/50 = 1120 truck loads.So there you go!
You clearly have far too much free time, but your conclusions nevertheless satisfied my inner nerd.
Dude , thats ausome !!
The fact that I actually read to the end means you should get a job writing text books. Major skillz.
a Billion Dollars, 30 trucks, 5 cent coins.
For starters, 1 Billion is 1,000 Millions. This alone with $100 Notes will probably need more than 30 trucks.
Your kidding yourself if you think 30 trucks holding 1 Billion in 5c coins could come close.