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Topic: Cryonics Frosbit claiming 1000Gh/s - $15K?? - page 4. (Read 16494 times)

hero member
Activity: 532
Merit: 500
A reddit thread suggested these guys were behind the Web Design;

http://www.bitwize.com.lb/#!/home/

Note: They are based in Lebanon. Where did Cedartec claim to hail from. Lebanon.

P.s. To be fair I doubt Cedartec had anything ever to do with Lebanon tbh, the guy had a German accent. Though if the above Web Design agency are really behind the Cryonic site, then I will reconsider that statemnent.
member
Activity: 90
Merit: 10
Well, SFGate bought it, perhaps due to techcrunch? (or the fact cryonik paid for a PR)

see: http://www.sfgate.com/default/article/Cryonic-FrostBit-Bitcoin-Miner-Unveiled-to-4543167.php

I'm hoping they (Cryonic ^TM) add a Grateful Dead option, and have an N2O generator.
sr. member
Activity: 266
Merit: 250
Science!
There appears to be a coffee mug inside the device--I can only assume that excess heat is converted into coffee using their patent-pending GeoMatTM matter rearrangement device. Don't have the time to wait two days? No problem, we will beam the device directly into your garage for only $750.

Honestly, people: if anyone could build a device that exceeded 1% of the entire network hash-rate for less than 15,000 bucks, then why would they sell it?

Full credit on their web-design: I definitely think Avalon could learn a thing or two from their presentation.
legendary
Activity: 1973
Merit: 1007


He has taken it down. Perhaps you have it cached? It looks like you can still access the article through the mobile site as well.

No he hasn't. The link works fine from this thread, non-cached from multiple devices.

It just goes to how you the lengths these journalists are prepared to goto to research and how clueless and devoid of any common sense they are. That's an accurate statement as this is a screamingly obvious scam.

Tech Crunch employs lazy incapable journalists with no real tech savvy interest, or due diligence.

Tech Crunch is meant to raise the bar and inform and has just proven it's unaware of where or what the bar actually is. They are about as well informed of tech as Men's Fitness are of fitness...

Devices is the key, you can still access the article via direct link through the mobile site. The artictle on the main site is absolutely no longer available, and hasn't been since last night. This is not to say they weren't lazy or stupid for putting it up in the first place, but they have indeed removed the article.
legendary
Activity: 2702
Merit: 1468
Looks like Techcrunch had second thoughts about the article.  Gone from where I sit.

I just hope next time they at least google "bitmining".  The whole thing is to throw out as many technical buzz words as possible
to sound like it was written by an engineer or scientist.  Who measures power consumption based on altitude in a pathogen free environment?

It is just entertainment for the rest of us.  

Maybe they set it up as a joke. I just hope nobody loses money because of this, or go to jail for that matter.
hero member
Activity: 532
Merit: 500


He has taken it down. Perhaps you have it cached? It looks like you can still access the article through the mobile site as well.

No he hasn't. The link works fine from this thread, non-cached from multiple devices.

It just goes to how you the lengths these journalists are prepared to goto to research and how clueless and devoid of any common sense they are. That's an accurate statement as this is a screamingly obvious scam.

Tech Crunch employs lazy incapable journalists with no real tech savvy interest, or due diligence.

Tech Crunch is meant to raise the bar and inform and has just proven it's unaware of where or what the bar actually is. They are about as well informed of tech as Men's Fitness are of fitness...
newbie
Activity: 35
Merit: 0
I had an email exchange with the editor from Techcrunch and pointed at the obvious errors and high likeness of the company being a scam last night - he replied that they would check into it, guess they decided that it was better to remove the article rather than add a correction... Still feel like they should have left the article up with an additional notice on recent state of Bitcoin miner markets and scams, I feel that it would serve the public better to be aware of the elaborate scams going around rather than just ignore the subject.
legendary
Activity: 1973
Merit: 1007
Liquid nitrogen cooling sounds great, but I'm more interested in the patent pending light strips discussed on their tech page. Seriously though, this is an obvious scam. I notified the techcrunch writer and he promptly took the article down.

No he hasn't!

The comments are amusing though.

Cannot believe Tech Crunch penned that article, they're meant to be...well...'techie'.

Now Tech Crunch has blown their own ruse and have proven to be nothing but amateur journalists with no investigative capacity, or for that matter common sense, yet possess a surprising sphere of influence, I won't be reading their site again!!

Atrocious! The journalist doesn't once ask, 'how' regarding any of the bs tech which claims to be a first in many capacities. I mean even for a point of reference, or be it creating aspects of an article 'of interest' to the reader one would just delve deeper, unless he's receiving a kick back for the whole charade. How irresponsible can you get?! They are meant to be a respected publication!!

He has taken it down. Perhaps you have it cached? It looks like you can still access the article through the mobile site as well.
legendary
Activity: 1036
Merit: 1001
/dev/null
ohh another great looking site, without working prototype and with possibility to pre-order for thousand of dollars.)

order ASIC chips from group-buy and wait for klondike/burnin board is much better way..
hero member
Activity: 630
Merit: 500
Their Facebook page claims they've already reached 40% of their pre-order quota, and delivery is on the 15th July (little under two months). So more BS, or there are some very foolish people that read Tech Crunch!

They have no prototype, just rendered drawings.

https://www.facebook.com/Cryoniks

Techcrunch is pretty sad, maybe they got paid off.

Heh facebook page, 17 likes but they've got 40% of a pre-order batch for $15,000 units, right. Some more technical gold from these fellows:

"You're very welcome! We find that the average North-American home is already pre-equipped to handle the power requirements of our units. For reference, we find that the average clothes-iron consumes roughly 1200-1400W when heating. A standard U.S 3-pronged outlet is sufficient to handle the working loads typical of our units. Hope that helps!"

Ok, so most North American homes have multiple outlets running off a single 15-20A 120V breaker. 20A*120V = 2400W, so an entire dedicated 20A circuit isn't enough for a single one of these miners, but they've somehow managed to find the "average" home is equipped to handle it somehow? I suppose if maybe you ripped out your oven, and wired up a hookup for this miner, but that might be something to inform potential customers about.
Great scientific research, references a clothes-iron as backup.
I hate to give any credit to this 100% obvious scam at all, but... You can go over 20A/2400W on a common 20A circuit breaker for a "little while".  It's all heat based.  You can peak over the rated amount a few times, or stay over the rated amount for a few minutes, but eventually it will trip.  Source: personal experience big LAN parties and indoor "tomato" growing with big lights.
newbie
Activity: 29
Merit: 0
Looks like Techcrunch had second thoughts about the article.  Gone from where I sit.
member
Activity: 81
Merit: 10
Too nice to be true, unfortunately...
sr. member
Activity: 308
Merit: 250
Their Facebook page claims they've already reached 40% of their pre-order quota, and delivery is on the 15th July (little under two months). So more BS, or there are some very foolish people that read Tech Crunch!

They have no prototype, just rendered drawings.

https://www.facebook.com/Cryoniks

Techcrunch is pretty sad, maybe they got paid off.

Heh facebook page, 17 likes but they've got 40% of a pre-order batch for $15,000 units, right. Some more technical gold from these fellows:

"You're very welcome! We find that the average North-American home is already pre-equipped to handle the power requirements of our units. For reference, we find that the average clothes-iron consumes roughly 1200-1400W when heating. A standard U.S 3-pronged outlet is sufficient to handle the working loads typical of our units. Hope that helps!"

Ok, so most North American homes have multiple outlets running off a single 15-20A 120V breaker. 20A*120V = 2400W, so an entire dedicated 20A circuit isn't enough for a single one of these miners, but they've somehow managed to find the "average" home is equipped to handle it somehow? I suppose if maybe you ripped out your oven, and wired up a hookup for this miner, but that might be something to inform potential customers about.
Great scientific research, references a clothes-iron as backup.

The machine doesn't exist so it's all irrelevant, they just don't want people to be put off ordering by the big energy draw.
hero member
Activity: 602
Merit: 500
Their Facebook page claims they've already reached 40% of their pre-order quota, and delivery is on the 15th July (little under two months). So more BS, or there are some very foolish people that read Tech Crunch!

They have no prototype, just rendered drawings.

https://www.facebook.com/Cryoniks

Techcrunch is pretty sad, maybe they got paid off.

Heh facebook page, 17 likes but they've got 40% of a pre-order batch for $15,000 units, right. Some more technical gold from these fellows:

"You're very welcome! We find that the average North-American home is already pre-equipped to handle the power requirements of our units. For reference, we find that the average clothes-iron consumes roughly 1200-1400W when heating. A standard U.S 3-pronged outlet is sufficient to handle the working loads typical of our units. Hope that helps!"

Ok, so most North American homes have multiple outlets running off a single 15-20A 120V breaker. 20A*120V = 2400W, so an entire dedicated 20A circuit isn't enough for a single one of these miners, but they've somehow managed to find the "average" home is equipped to handle it somehow? I suppose if maybe you ripped out your oven, and wired up a hookup for this miner, but that might be something to inform potential customers about.
Great scientific research, references a clothes-iron as backup.
hero member
Activity: 574
Merit: 500
Will someone please inform Tech Crunch that this is a 100% scam? How can they write an article based only on a fancy website design? So sad.

Look its so good even though  its am scam i am going to order...lol

legendary
Activity: 1904
Merit: 1007
Will someone please inform Tech Crunch that this is a 100% scam? How can they write an article based only on a fancy website design? So sad.
hero member
Activity: 532
Merit: 500
Their Facebook page claims they've already reached 40% of their pre-order quota, and delivery is on the 15th July (little under two months). So more BS, or there are some very foolish people that read Tech Crunch!

They have no prototype, just rendered drawings.

https://www.facebook.com/Cryoniks
hero member
Activity: 532
Merit: 500
Liquid nitrogen cooling sounds great, but I'm more interested in the patent pending light strips discussed on their tech page. Seriously though, this is an obvious scam. I notified the techcrunch writer and he promptly took the article down.

No he hasn't!

The comments are amusing though.

Cannot believe Tech Crunch penned that article, they're meant to be...well...'techie'.

Now Tech Crunch has blown their own ruse and have proven to be nothing but amateur journalists with no investigative capacity, or for that matter common sense, yet possess a surprising sphere of influence, I won't be reading their site again!!

Atrocious! The journalist doesn't once ask, 'how' regarding any of the bs tech which claims to be a first in many capacities. I mean even for a point of reference, or be it creating aspects of an article 'of interest' to the reader one would just delve deeper, unless he's receiving a kick back for the whole charade. How irresponsible can you get?! They are meant to be a respected publication!!
legendary
Activity: 1973
Merit: 1007
Liquid nitrogen cooling sounds great, but I'm more interested in the patent pending light strips discussed on their tech page. Seriously though, this is an obvious scam. I notified the techcrunch writer and he promptly took the article down.
sr. member
Activity: 406
Merit: 250
Scam and Scumbags are every where
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