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The Bitcoin-Mining Arms Race Heats Up


Behind this week’s coverJoel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a massive monitor, with cables snaking right and left toward two computers, each about the size of a case of beer. Flickinger has spent more than $20,000 on these rigs and on a slower model that runs from the basement. They operate continuously, cranking out enough heat to warm the house and racking up $400 a month in electric bills. There isn’t much by way of décor, other than handwritten inspirational Post-it notes:

“I make money easily,” one reads. “Money flows to me.” “I am a money magnet.”

Flickinger, 37, a software engineer and IT consultant by trade, doesn’t leave the house much these days. He’s a full-time Bitcoin miner.

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We Do Not Need Flying Delivery Drones, Just Smarter Ground Robots

By John O’Donnell — IEEE Spectrum

While the idea of an Amazon Prime Air drone dropping onto my doorstep and delivering my latest purchase might seem fun and cool, the reality is it simply may not be needed.

The only reason delivery trucks—such as the large brown trucks we see everywhere—only deliver to me around 4 p.m. each day is simply the time taken for one driver to take each parcel to an address. I call this one at a time parcel delivery. It’s the same story for the USPS service. Each day our excellent delivery guy comes to our neighborhood and then spends a long time going door to door.

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Hey, Elon and Sergey, did you see these SpaceGlasses?

By 3D Printing Industry

http://youtu.be/LuMv29nKo2k

Two-thousand-and-fourteen is already looking like a great year for 3D creativity. Assembled 3D printers are coming out priced at under 500 euros, new low-cost high-quality 3D scanners are launching and, if that weren’t enough, the first SpaceGlasses are going to be delivered in July.

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World’s biggest pasta maker wants restaurants to 3D print your food — with their cartridges

By — Geek

3D printing is attractive to a lot of different people for a lot of different reasons, but in general its supporters talk about the economic and efficiency benefits; it can build things faster and easier than competing methods, bring down manufacturing costs and remove the need for large amounts of international shipping. That’s usually what you hear in defense of 3D printing — but now, Italian food corporation Barilla is looking to 3D print their art.

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Apple Inc, Google Look to Robots for the Future

Michele WesselGuardian Liberty Voice

Apple Inc. and Google have invested heavily in robots over the past year, giving the impression that the tech giants see robotic technology as the way of the future.

Apple Inc. has been reported to be investing a significant portion of its $10.5 billion in capital expenditures for 2014 into a variety of robots. This response is likely as a result of a leveling off in sales of their devices as other companies like Samsung infringe upon their territory in the world of electronics innovation.

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Overmanagement

Overmanagement by Mr. Andres Agostini


This is an excerpt from the conclusion section o, “…Overmanagement…,” that discusses some management strategies. To read the entire piece, just click the link at the end of article:

BEGINNING OF EXCERPT.

Question: What other contemporary issues particularly concern you? Do you find signs of
hope or resistance around these issues that, perhaps, you finding heartening?

Well, we can make a long list, including the things we’ve talked about, but it’s also worth
remembering that, hovering over the things we discussed, are two major problems. These
are issues that seriously threaten the possibility of decent human survival. One of them is
the growing threat of environmental catastrophe, which we are racing towards as if we
were determined to fall off a precipice, and the other is the threat of nuclear war, which
has not declined, in fact it’s very serious and in many respects is growing. The second one
we know, at least in principle, how to deal with it. There is a way of significantly reducing
that threat; the methods are not being pursued but we know what they are. In the case of
environmental catastrophe it’s not so clear that there will even be a way to control of
maybe reverse it. Maybe. But, the longer we wait, the more we defer taking measures, the
worse it’s going to be.

It’s quite striking to see that those in the lead of trying to do something about this
catastrophe are what we call “primitive” societies. The first nations in Canada, indigenous
societies in central America, aboriginals in Australia. They’ve been on the forefront of
trying to prevent the disaster that we’re rushing towards. It’s beyond irony that the richest
most powerful countries in the world are racing towards disaster while the so-called
primitive societies are the ones in the forefront of trying to avert it.

END OF EXCERPT.

Please see the full article at http://lnkd.in/bYP2nDC

Bitcoin miners do not have to register as money transfer services: ruling

Will Conley — Slash Gear

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no.

ACB requested the ruling because there has been much confusion as to whether mining — and spending the proceeds — constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN.

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