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Couldn't you write a script that generates eth accounts continuously and polls to see the balance of each account(hoping that it lands on one with a balance already). What are the logistics on this?

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Such a "script" already exists, see "All Ethereum Private Keys" or "Ethereum Private Key Database". Regarding "logistics", check out the above two sites' FAQ pages to see why there is no need.

Also, see this question's answers for estimated cost of the "script".

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