Originally Posted by Arkie
I'll concede that it's more of a commodity at this very early stage. It's not a worthless dot com play though. Bitcoins take expensive equipment and real energy to mine.
*LMAO* that's not "expensive equipment" that's commodity hardware that millions of people have. See: All relatively modern computers (PCS, XBox, etc.) that run games. The bitcoin "mining" process is highly paralleizable, just like 3d graphics processing.
It's hard to do profitably mind you, because the electricity to run the hardware to mine the bitcoins is more expensive than the profit. This is why bitcoin mining using hacked computers in botnets is so popular, so that the "miners" can use other people's electricity to mine.