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>> BITCOIN Latest News

JAN 10, 2014 - Washington Business Journal

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Bitcoin miners rush to riches, one in Oakland

Like the Gold Rush dreams that transfixed thousands of California miners in 1848, bitcoin fantasies have created a whole new digital currency mining frenzy. Bitcoin miners harness super-souped computing rigs to tackle and solve the complicated math problems linked to the calculatedly slow expansion of the bitcoin money supply. One of those miners, Joel Flickinger, set up a bitcoin mining operation in a house in the Oakland hills. There his three computers, worth some $20,000, crank away on the mathematical…

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