{"id":9793,"date":"2014-01-09T13:31:08","date_gmt":"2014-01-09T21:31:08","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/?p=9793"},"modified":"2017-04-25T04:18:02","modified_gmt":"2017-04-25T11:18:02","slug":"the-bitcoin-mining-arms-race-heats-up","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2014\/01\/the-bitcoin-mining-arms-race-heats-up","title":{"rendered":"The Bitcoin-Mining Arms Race Heats Up"},"content":{"rendered":"<p><span class=\"byline\"><span class=\"byline-text\">By <a itemprop=\"name\" href=\"http:\/\/www.businessweek.com\/authors\/283-ashlee-vance\" rel=\"author\">Ashlee Vance<\/a> and <a itemprop=\"name\" href=\"http:\/\/www.businessweek.com\/authors\/411-brad-stone\" rel=\"author\">Brad Stone<\/a> \u2014 Bloomberg Businessweek<br \/>\n<\/span><\/span><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignright\" alt=\"Behind this week\u2019s cover\" src=\"\" width=\"304\" height=\"415\" \/>Joel Flickinger\u2019s 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\u2019s 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\u2019t much by way of d\u00e9cor, other than handwritten inspirational Post-it notes:<\/p>\n<p>\u201cI make money easily,\u201d one reads. \u201cMoney flows to me.\u201d \u201cI am a money magnet.\u201d<\/p>\n<p>Flickinger, 37, a software engineer and IT consultant by trade, doesn\u2019t leave the house much these days. He\u2019s a full-time Bitcoin miner.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/articles\/2014-01-09\/bitcoin-mining-chips-gear-computing-groups-competition-heats-up\" target=\"_blank\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ashlee Vance and Brad Stone \u2014 Bloomberg Businessweek Joel Flickinger\u2019s 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\u2019s placed a desk next to a fireplace that supports a massive monitor, with cables snaking [\u2026]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,43,1523,39,1524],"tags":[],"class_list":["post-9793","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-business","category-computing","category-economics","category-hardware"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=9793"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9793\/revisions"}],"predecessor-version":[{"id":47302,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9793\/revisions\/47302"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=9793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=9793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=9793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}