[jyu]

A year ago, I entertained the idea of mining bitcoin, but with high electricity rates locally, the numbers and breakeven point didn't make sense. Long term edges in mining are based on specialized hardware and low electrical costs.

For me, it only made sense if bitcoin kept increasing in value, at which point it's much easier to just buy and speculate.

[adityaathalye]

I was wondering about BitCoin and global power price arbitrage just today... The market may not be big enough to make it a very lucrative thing, but I still think it'll be a cool experiment to try. Especially since the computing requirements will only get more rigourous. Longer post here: http://adityaathalye.wordpress.com/2013/02/04/bitcoin-and-gl... [deleted previous comment - mistakenly added reply to comment one level higher]