[HH] Bitcoin mining hardware

[Greg London]

> On Thu, Apr 18, 2013 at 01:14:44PM -0500, Greg London wrote:
>> So, I do some math, I find some number, and everyone
>> calls that a "coin"?  These "coins" would be, in my
>> estimation, be worth less than a penny per "coin".
>
> You can trade 1 Bitcoin for $96 USD right now on Mt. Gox.

I haven't been able to find somethign the describes
the algorithm needed to generate a new "coin",
but if it takes significantly less time/energy
to generate a coin than the $100 they trade for,
then I don't understand how this is anything other
than a bubble.