After the announcement of a neutron star merger on 16 October, I have been wondering how close such a merger would have to be in order to generate effects that could affect life on Earth.
For example, if one happened at the distance of Alpha Centauri, would we feel the gravitational wave? Would it be as bad as an earthquake? Could the $X$ and $\gamma$ radiation trigger mass extinctions?
After all, NGC 4993 is about $30\times10^6$ times further away than $\alpha \,{\rm Cen}$, so the signals should be about $10^{15}$ times stronger. If $\alpha\,{\rm Cen}$ is still too far, how close would a merger need to be?