One of the issues, other than if governments will try to outlaw bitcoin, is the high amount of electricity needed to create a single bitcoin. It might cost more to generate a bitcoin than the actual value a bitcoin is currently traded at. High electricity bills can lead to marijuana busts. And it is this unusual power consumption needed that caught my attention since it appears as a bitcoin miner has been mistaken as a person running a marijuana growing operation.
Blogger Mike Esspe captured an IRC chat that supports the rumor floating around that at least one bitcoin miner has been arrested.Read »