Maybe it's just driven by the spike in bitcoin value. Makes me wish I'd bought some a couple years ago. On Sun, Dec 8, 2013 at 3:19 PM, Glen Wiley wrote: > Bitcoin mining is accomplished by "solving" a particular mathematical > problem. There are plenty of good references on the web that can fill in > the blanks. > > The answer to your question is that unless you can get FREE electricity > bitcoin mining typically does not have a positive return. > > On Dec 8, 2013, at 5:14 PM, David VanHorn wrote: > > > Somewhat OT as well, but there's a bit of EE in here. > > > > I'm seeing a lot of bitcoin mining rigs for sale, which strikes me as > odd. > > Basically, it's a box that generates money (sort of) when you plug it i= n. > > > > Bitcoin mining is very unlike selling gear for physical mining, where y= ou > > also need claim rights, physical labor, etc. > > > > If I have a box that makes money when I plug it in (profit over and abo= ve > > the cost of the box and energy to run it) then why would I sell the box= ? > > Immediate return vs deferred maybe, but something doesn't add up here. > > > > Thoughts? > > -- > > http://www.piclist.com/techref/piclist PIC/SX FAQ & list archive > > View/change your membership options at > > http://mailman.mit.edu/mailman/listinfo/piclist > > > -- > http://www.piclist.com/techref/piclist PIC/SX FAQ & list archive > View/change your membership options at > http://mailman.mit.edu/mailman/listinfo/piclist > --=20 http://www.piclist.com/techref/piclist PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist .