Quoted: Lot of mis-information in this thread.
For formulae, see here here and here. more info on recreational explosives here.
If you just want to shoot explosives, come to our event and shoot all you're able to. Last year we put out over a ton of HE over 2 days and still had plenty left at the end of the day.
The BATFE publishes the Orange Book, which is your pal for safe storage.
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Quoted: So what do thermite rounds do? Are they worth it?
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No flame here, I'm going to explain a little. There is no such thing as a 'thermite round'. What you are referring to is an incendiary round. These
do not contain thermite ie. mixture of aluminum powder and iron oxide (rust). Thermite actually burns
very slowly compared to other pyrotechnic mixtures. This is especially true when using coarser powders composed of relatively large particles. They would not work well in a bullet for technical reasons. What they contain/are made of depends on the size of the projectile.
The earliest ones (WWI) used white phosphorous (WP). There was a small hollow in the base of the bullet that contained a quantity of WP. The latter melts at about 100 F and also ignites at about that temperature as well. They used them mainly against airships filled with hydrogen. The WP ignites from the smokeless powder and burns with white smoke and leaves a trail of phosphorous pentoxide behind the bullet. In WWII, .50 cal WP bullets were used against aircraft as they would ignite the gasoline as they passed through the fuel tanks. I don't know if they still use WP in bullets, but doubt it.
More modern incendiary bullets contain a pyrotechnic mixture similar to those used in tracer bullets. These mixtures are fast burning and hot, and they are based on a metal fuel, usually magnesium, along with a strong oxidizer and a binder.
Some metals will ignite when they strike a hard surface. Examples include zirconium, misch metal (cerium metal alloyed with about 25% iron), thorium-silver alloys and uranium. If the projectile is large enough, then no fuze is needed to ignite the metal. Do not try this (disclaimer): Take a lighter flint (which is mish metal noted above) and heat it with a torch while holding it at the end of needlenose pliers. Wear goggles and leather or nomex gloves! When the flint gets red hot, flick it against a hard metal or concrete surface. It 'explodes' into a shower of sparks. Bullets made with these metals are also considered incendiary bullets. They don't make any small caliber incendiary bullets ie. 5.56mm.
If you're just planning on shooting gas tanks (nothing illegal), then just stick with regular tracer bullets like you can get at Ammoman.com (5.56mm). However, because of the perishability of the magnesium metal these tracers do have a much shorter shelf life than the rest of cartridge itself. You may get a lot of duds.
If you are interested in this topic in general, there is an excellent book by Herbert Ellern called
Military and Civilian Pyrotechnics you can buy here-->
search.barnesandnoble.com/booksearch/isbnInquiry.asp?userid=O9t162IGsa&isbn=0820603643&itm=1. The book was published in 1968 but is available in re-prints. Don't be fooled by the age of the book: the information and concepts in it are timeless.