Sorry I can't comment (not enough rep), but the delay should always be the same through the wire. This might limit the true randomness of your numbers. Plus the acutal delay time in the wire might be shorter than even a CPU cycle.
If your operating system is Windows, you may run into this type of issue:
Why are .NET timers limited to 15 ms resolution?
Apparently the minimum time resolution on Windows is around 15ms.
EDIT: In response to your liquid nitrogen edit, according to these graphs, you may have more luck with heat! Interestingly enough...
Temperature vs Conductivity http://www.emeraldinsight.com/content_images/fig/1740240120008.png