[quote=Halo]
I saw a statistic somewhere or other claiming that $17 million is spent daily in electricity bills in order to mine $4 million worth of Bitcoins, because of the ridiculous amount of computing power needed to crack the algorithms at this point. Not sure about the accuracy of the data, but it's food for thought.
[/quote]

I was actually going to say that when I saw that this thread was bumped.

"Doesn't it cost as much or even more in electricity to mine bitcoin than they are worth?"