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Topic: alledgedly 1000GH/s miner - hoax? (Read 2518 times)

sr. member
Activity: 399
Merit: 250
June 16, 2013, 04:10:28 AM
#20
There is some company called Cryoniks Inc., which advertises a device called FrostBit: https://www.cryoniks.com/#!/app/frostbit/
They claim it does 1000GH/s and costs only about 15k USD. What do you think about this?

do your research.... they 'guy' connected with this project just so happens to also be connected with the biggest  Kickstarter scam

http://www.thebitcoinchannel.com/archives/tag/fahad-koumaiha
http://www.kickstarter.com/projects/crypteks/crypteks-usbtm-encrypted-and-lockable-usb-solution/comments

http://btcbible.com/crypteks-kickstarter-scam-continues-to-be-ignored/

just take a look at the Kickstarter thread..... wow does this guy get around...... claims   'he was just under contract'  and working with the companies that went on to scam hundreds of thousands....
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
June 15, 2013, 04:03:28 PM
#19
Also cooled by liquid nitrogen!  Sounds great but I have to see it in action to believe it.
and fueled by soylent green
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
June 15, 2013, 03:58:20 PM
#18
>liquid nitrogen generator
Those don't even exist.
Of course they do! How do you think liquid nitrogen gets into the tanks that it is sold in? Magic?
I meant liquid nitrogen generators for cooling do not exist. It's like saying a ASIC miner with built-in nuclear reactor.

You're right about that, of course. Sorry for the sarcasm before.
legendary
Activity: 2058
Merit: 1452
June 15, 2013, 02:58:49 PM
#17
>liquid nitrogen generator
Those don't even exist.

Of course they do! How do you think liquid nitrogen gets into the tanks that it is sold in? Magic?
I meant liquid nitrogen generators for cooling do not exist. It's like saying a ASIC miner with built-in nuclear reactor.
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
June 14, 2013, 08:56:56 PM
#16
>liquid nitrogen generator
Those don't even exist.

Of course they do! How do you think liquid nitrogen gets into the tanks that it is sold in? Magic?

A manufacturer uses an LN2 generator which compresses nitrogen from the air into liquid form. They are just way too large to fit into a little box like that and way too expensive to include in a product at that price point.
http://www.azom.com/equipment-details.aspx?EquipID=910
http://www.pci-intl.com/index.php?option=com_content&view=article&id=122&Itemid=158

Actually, you can even build a crude LN2 generator yourself:
http://citizensciencequarterly.com/2011/05/10/liquid-nitrogen-generator/
http://www.youtube.com/watch?v=14B8LynojI4
legendary
Activity: 2058
Merit: 1452
June 14, 2013, 06:27:21 PM
#15
>liquid nitrogen generator
Those don't even exist.
hero member
Activity: 572
Merit: 500
June 14, 2013, 06:26:06 PM
#14
This is by far the most elaborate website I have seen for a hoax, really unbelievable how far some people will go.

How is it unbelievable?  They've made a ton of money off this scam.  One site determined they had 100+ orders @ $15k a pop.  They even have a kickstarter project that had $200k+ last time I saw it.

dammm, are PEOPLE in the world that stupid to fall for it??
sr. member
Activity: 308
Merit: 250
June 14, 2013, 04:49:16 PM
#13
This is by far the most elaborate website I have seen for a hoax, really unbelievable how far some people will go.

How is it unbelievable?  They've made a ton of money off this scam.  One site determined they had 100+ orders @ $15k a pop.  They even have a kickstarter project that had $200k+ last time I saw it.

The product is unbelievable and plain ridiculous so I don't really feel sorry for the scam-ees cause they must be really stupid to drop 15k on one of these.
full member
Activity: 294
Merit: 100
June 14, 2013, 01:51:47 PM
#12
This is by far the most elaborate website I have seen for a hoax, really unbelievable how far some people will go.

How is it unbelievable?  They've made a ton of money off this scam.  One site determined they had 100+ orders @ $15k a pop.  They even have a kickstarter project that had $200k+ last time I saw it.
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
June 14, 2013, 11:32:40 AM
#11
Thanks for your opinions guys! I'm now convinced it's a scam.

Btw, tried to searched for cryonik and frostbit in this forum, but I did not find that other thread about it. How to use the search feature here? Does it search only in parts of the forum?

If you just use the search box at the top right it will only search the sub-forum category that you are currently in. Click on the search tab near the top left and use the google search feature.

Again, the earlier thread is here:
https://bitcointalksearch.org/topic/the-asic-device-scams-are-getting-a-little-fancier-214378

This is by far the most elaborate website I have seen for a hoax, really unbelievable how far some people will go.
full member
Activity: 224
Merit: 100
June 14, 2013, 11:03:37 AM
#10
If you are interested in actually buying a 1000GH/s nitrogen cooled miner, I can 'buy one for you'. Just send ME the BTC and I totally, 100% promise to ship you one when they start shipping Smiley))))
newbie
Activity: 13
Merit: 0
June 14, 2013, 08:32:39 AM
#9
LN2 is not viable, it's probably a good use for all the hardware made for the AMD CPU's, the old vapochill boxes, but the ASIC chips would probably struggle with the whole peltier setup needed, with no payout, and really hard maintenance/setup. like, 5 hours of your life you'll never get back.

a peltier cooler would be an easier sell, less "ahmagaawd, this is cooool".

maybe there's some benefit to a better cooler ...

let's see, you could use off the shelf copper heatpipes, fin radiators,

or, if you have a thermal cooling efficiency problem, e.g. too much heat, not enough space, e.g. rack mounting ASIC blades, or something,
water/fluid loops and 120mm radiators, much like the corsair / swiftech contained radiator loops.

it's relatively cheaper than a custom fin solution, and able to be chained in a bigger radiator solution, i.e. rack cooling with quick disconnects,

a combined pump off a 12v connector, so you can design a vent/radiator to rack-mount a bank of ASICs to cut down on ducting and fan noise, set each blade/rack to use rows, pump fluid in at the top and bottom, and parallel cool & pump 8-10 racks

.. for no particular reason.

one can dream.
hero member
Activity: 756
Merit: 500
June 14, 2013, 06:11:56 AM
#8
Yeap I was excited when I first saw it, but come on liquid nitrogen?Huh?
full member
Activity: 141
Merit: 100
June 14, 2013, 06:11:13 AM
#7
Thanks for your opinions guys! I'm now convinced it's a scam.

Btw, tried to searched for cryonik and frostbit in this forum, but I did not find that other thread about it. How to use the search feature here? Does it search only in parts of the forum?

just use google search like this:

Code:
site:bitcointalk.org -frostbit+cryonik
newbie
Activity: 35
Merit: 0
June 14, 2013, 06:08:28 AM
#6
Thanks for your opinions guys! I'm now convinced it's a scam.

Btw, tried to searched for cryonik and frostbit in this forum, but I did not find that other thread about it. How to use the search feature here? Does it search only in parts of the forum?
hero member
Activity: 686
Merit: 504
always the student, never the master.
June 14, 2013, 04:37:26 AM
#5
There is some company called Cryoniks Inc., which advertises a device called FrostBit: https://www.cryoniks.com/#!/app/frostbit/
They claim it does 1000GH/s and costs only about 15k USD. What do you think about this?

Definitely SCAM/ Hoax


oh no, its legit! i'll sell you one for only 14.8 BTC Tongue
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
June 14, 2013, 04:36:19 AM
#3
There is some company called Cryoniks Inc., which advertises a device called FrostBit: https://www.cryoniks.com/#!/app/frostbit/
They claim it does 1000GH/s and costs only about 15k USD. What do you think about this?

Definitely SCAM/ Hoax

Here's an earlier thread about it:
https://bitcointalksearch.org/topic/the-asic-device-scams-are-getting-a-little-fancier-214378
hero member
Activity: 756
Merit: 500
June 14, 2013, 04:35:03 AM
#2
Also cooled by liquid nitrogen!  Sounds great but I have to see it in action to believe it.
newbie
Activity: 35
Merit: 0
June 14, 2013, 04:29:11 AM
#1
There is some company called Cryoniks Inc., which advertises a device called FrostBit: https://www.cryoniks.com/#!/app/frostbit/
They claim it does 1000GH/s and costs only about 15k USD. What do you think about this?
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