Two small problems.
This would be a brilliant idea if and only if (1) there was an infinite supply of Bitcoins to be mined; and (2) the amount of energy required to mine each one was constant -- or at least, if it increased, would never exceed the value of a Bitcoin.
But not only is there only a finite amount of Bitcoins to be mined, but the energy required to mine each one is increasing to the point where certain mining technologies already require you to spend more than a Bitcoin to realise the value of a Bitcoin.
That makes it a terrible idea, then.
On the other hand, given a large enough supply of people with more money than sense and precious little of either, there might just be some money to be made near the top of the pyramid.
Biting the hand that feeds IT
