1. What are we searching for?
2. I have read many times that 1FLAMEN6 is a "vanity" address, so the flames "couldn't" be the private key because when they were drawn (more than 2 years ago) the bitcoin address with the prize was different. Is it right? So, what do we expect to find?
3. How we could translate binary data in something useful? It depends on how many bits?
Is possibile to make a WIF or Base58 with it in some way? An HEX key or raw private key maybe? A readable text?
1. Good question...
2. It looks like the funds were moved into that address just a few days after this thread was updated. I don't think this discredits the possibility of finding a private key.
3. Yes to all of those, except maybe the text (I have not tried converting anything directly to text yet). I have generated many many, empty, addresses of various forms from data generated from the picture to no avail. Honestly though, I don't think we are simply just looking for a private key.