PhotonicMining having pretty big claims, 125 TH/s for 10,000 USD

vm_mpn

hero member

Activity: 605

Merit: 500

Quote from: ChuckBuck on March 23, 2014, 07:57:44 PM

Quote from: CryptoREI on March 23, 2014, 07:11:00 PM

They claim to be bought out by BFL lol
https://cryptostocks.com/announcements/1357

Butterfly Labs Acquisition!
We are pleased to announce that PhotonicMining has received an acquisition offer from Butterfly Labs. We are thrilled about it as we will definitely profit from the support of an established market player like Butterfly Labs.

All shares on cryptostocks are still valid, and dividends will be paid as soon as the deal is finalized in order to reward our early investors.

This wouldn’t have been possible without the support of the Swiss Bitcoin Association, and particularly Luzius Meisser.

To celebrate the event we are throwing an acquisition party which you are all invited to. Join us in Zürich on March 25th from 6pm at:

In Böden 139
8046 Zürich
Switzerland

Now the scam operation is complete!

It didn't feel completely fishy without ties to a negligent or incompetent organization. With BFL, this defiinitely clears things up! Cheesy

Soooo, how was the party in Zürich? Anybody attended?

thy

hero member

Activity: 685

Merit: 500

Announcement on Cryptostocks was made today 31 Mar 15:51
Tradestop put on PHOTONIC. We are requesting the project owner to clarify the allegations as well as provide personal identifying document by 14th April.

Only took Cryptostocks 20 days to see the obvious...

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: CryptoREI on March 23, 2014, 07:11:00 PM

They claim to be bought out by BFL lol
https://cryptostocks.com/announcements/1357

Butterfly Labs Acquisition!
We are pleased to announce that PhotonicMining has received an acquisition offer from Butterfly Labs. We are thrilled about it as we will definitely profit from the support of an established market player like Butterfly Labs.

All shares on cryptostocks are still valid, and dividends will be paid as soon as the deal is finalized in order to reward our early investors.

This wouldn’t have been possible without the support of the Swiss Bitcoin Association, and particularly Luzius Meisser.

To celebrate the event we are throwing an acquisition party which you are all invited to. Join us in Zürich on March 25th from 6pm at:

In Böden 139
8046 Zürich
Switzerland

Now the scam operation is complete!

It didn't feel completely fishy without ties to a negligent or incompetent organization. With BFL, this defiinitely clears things up! Cheesy

CryptoREI

member

Activity: 84

Merit: 10

They claim to be bought out by BFL lol
https://cryptostocks.com/announcements/1357

Butterfly Labs Acquisition!
We are pleased to announce that PhotonicMining has received an acquisition offer from Butterfly Labs. We are thrilled about it as we will definitely profit from the support of an established market player like Butterfly Labs.

All shares on cryptostocks are still valid, and dividends will be paid as soon as the deal is finalized in order to reward our early investors.

This wouldn’t have been possible without the support of the Swiss Bitcoin Association, and particularly Luzius Meisser.

To celebrate the event we are throwing an acquisition party which you are all invited to. Join us in Zürich on March 25th from 6pm at:

In Böden 139
8046 Zürich
Switzerland

MarketNeutral

sr. member

Activity: 406

Merit: 252

Sure, it appears nice technically, but does it have Blast Processing?

grapemon1611

newbie

Activity: 6

Merit: 0

Reminds me of Steorn. They were shopping for investors for their "Perpetual motion machine" a few years ago. Lots of claims, lots of technical jargon. While reading the IPO on cryptostocks I immediately thought of them.

http://en.wikipedia.org/wiki/Steorn

nikolaz

member

Activity: 98

Merit: 10

God damn it... I just lost all my hooker and crack money for the year...

superresistant

legendary

Activity: 2156

Merit: 1131

I can't believe CryptoStocks let these fuckers run their scam.

5 min research on google and you're 100% sure it's a scam.

Seriously who is running CryptoStocks, don't they have a brain ?

lemfuture

hero member

Activity: 686

Merit: 500

thanks for warning noobs like me

railzand

sr. member

Activity: 462

Merit: 250

Lux e tenebris

Quote from: chocomav on March 12, 2014, 05:30:46 AM

A more intellingent-sounding scam, but nevertheless still a scam. Their IP address 162.222.213.136 is the same as uswhss.com (both registered recently), and here is an article linking uswhss to butterfiylabs.com (note the deliberate misspelling):

http://www.reddit.com/r/BitcoinMining/comments/1uisv4/fake_butterfly_labs_website/

fake butterflylabs sites were also connected to the cts scam

MWNinja

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Activity: 630

Merit: 500

This reminds me of the cryonix scam; but now with the added twist of securities fraud. The technobabble is at least plausible in this case, but scam nonetheless.

MarketNeutral

sr. member

Activity: 406

Merit: 252

Quote from: decanus21 on March 13, 2014, 07:08:23 AM

Quote from: tokyoghetto on March 12, 2014, 05:28:18 PM

who ever bought 75 BTC of this crap is going to regret it BIG TIME!

clever scam indeed.

I wouldn't put it past them to set up a fake CryptoStocks account and buy their own stock just to make themselves look good (and make an announcement about it)... or maybe that's just me clinging on to the hope that no one is foolish enough to part with such a huge amount of money on the basis of a website and some wild claims...

IPO pump xor dump

tokyoghetto

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Activity: 1232

Merit: 1000

Quote from: ultrix on March 13, 2014, 02:27:34 PM

Aside from the address, this is a scam because:

A) The variable cost of a chip comprised of photonic logic gates capable of performing SHA-256 calculations would far exceed $10k given the yield of the technology.
B) Photonic logic gates operating in the 400-450nm exist in labs right now. Diffusion is the leading defect present during manufacture, smaller wavelength only exacerbates the previous claim.
C) In non-inert gas bath systems (although CO2 has been used in some cases), it requires in place spinning of fiber glass "conduit". So either the system has to ship with a gas circulation system to keep gas density uniform or, again, they're using things that only exist in labs at this point.

Phinnaeus Gage

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Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: ultrix on March 13, 2014, 02:27:34 PM

Aside from the address, this is a scam because:

A) The variable cost of a chip comprised of photonic logic gates capable of performing SHA-256 calculations would far exceed $10k given the yield of the technology.
B) Photonic logic gates operating in the 400-450nm exist in labs right now. Diffusion is the leading defect present during manufacture, smaller wavelength only exacerbates the previous claim.
C) In non-inert gas bath systems (although CO2 has been used in some cases), it requires in place spinning of fiber glass "conduit". So either the system has to ship with a gas circulation system to keep gas density uniform or, again, they're using things that only exist in labs at this point.

I'm selling eye protection ware just so one could view the renderings once they become available.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: JointDoctor on March 13, 2014, 07:12:56 AM

I spy with my little eye.... Hawaii Grin

Close enough: https://twitter.com/ColoradoCrypto/following

ultrix

full member

Activity: 125

Merit: 100

Aside from the address, this is a scam because:

A) The variable cost of a chip comprised of photonic logic gates capable of performing SHA-256 calculations would far exceed $10k given the yield of the technology.
B) Photonic logic gates operating in the 400-450nm exist in labs right now. Diffusion is the leading defect present during manufacture, smaller wavelength only exacerbates the previous claim.
C) In non-inert gas bath systems (although CO2 has been used in some cases), it requires in place spinning of fiber glass "conduit". So either the system has to ship with a gas circulation system to keep gas density uniform or, again, they're using things that only exist in labs at this point.

MarketNeutral

sr. member

Activity: 406

Merit: 252

Besides laser warp miners, they're also hard at work on secret next generation photonic flux capacitors. Roll Eyes

JointDoctor

member

Activity: 83

Merit: 10

I spy with my little eye.... Hawaii Grin

decanus21

newbie

Activity: 25

Merit: 0

Quote from: tokyoghetto on March 12, 2014, 05:28:18 PM

who ever bought 75 BTC of this crap is going to regret it BIG TIME!

clever scam indeed.

I wouldn't put it past them to set up a fake CryptoStocks account and buy their own stock just to make themselves look good (and make an announcement about it)... or maybe that's just me clinging on to the hope that no one is foolish enough to part with such a huge amount of money on the basis of a website and some wild claims...

edgar

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Merit: 1001

Deleted Post
« Sent to: edgar on: 12 March 2014, 22:47:28 »
Reply with quoteReply with quote Remove this messageDelete
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and you guys were wondering where aussiepete, mauiflipper & the gang had got to weren't you..?

silence is golden apparently!

Topic: PhotonicMining having pretty big claims, 125 TH/s for 10,000 USD (Read 5339 times)