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

vm_mpn

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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

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Activity: 685

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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

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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

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

grapemon1611

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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

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

superresistant

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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

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thanks for warning noobs like me

railzand

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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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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

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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

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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

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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

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Activity: 1918

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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

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Activity: 125

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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

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Activity: 406

Merit: 252

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

JointDoctor

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

decanus21

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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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Deleted Post
« Sent to: edgar on: 12 March 2014, 22:47:28 »
Reply with quoteReply with quote Remove this messageDelete
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
and you guys were wondering where aussiepete, mauiflipper & the gang had got to weren't you..?

silence is golden apparently!

tokyoghetto

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

clever scam indeed.

Dallas5

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Activity: 364

Merit: 250

on the photobullshit scam site:

"PhotonicMining is a spin-off of Onefive, a cutting-edge Swiss company which provides femtosecond lasers for different industrial applications. Thanks to its tight collaboration with Swissphotonics, the Swiss national thematic network for photonics, we received a bottom-up funding from the CTI in 2012 to explore new industrial applications."

Just got a mail back from oneFive asking if they where related to photonicmining, their reply:

"Not at all! SPAM!"

Still they managed to scam 100's of BTC from gullible investors.

Hektek

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Activity: 329

Merit: 250

Big Scam

wpgdeez

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Activity: 728

Merit: 500

Quote from: precrime3 on March 11, 2014, 04:50:48 PM

claiming some photonig electronic switching crap.... 125 th/s for 10 grand? Scam???
http://photonicmining.com/#products
There IPO (interested in) : https://cryptostocks.com/securities/108

Total dividends paid 0.0 BTC

For now and forever...

iglasses

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Activity: 1148

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Our twitter account got hacked: a post damaged our credibility. Competition trying to scare us? It didn't work, we are here to stay and win!

Ohh good....they have already been hacked like all good scam pre-order folks.

Dallas5

sr. member

Activity: 364

Merit: 250

Aaand another one to the scam list, this time they don't except bitcoins on their site but use IPO cryptostocks they're already rich by just creating some bullshit website.

BTCInvestorPro

newbie

Activity: 11

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The dead give away is the supposed pricing. If you actually had a miner that powerful that you could manufacture for such a low cost you would be a complete idiot to undercut yourself by that much on the pricing compared to all the other offerings out there right now.

JCaferJr

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I feel sorry for the person that dropped 75btc on the IPO!

ChuckBuck

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Activity: 1372

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better everyday ♥

$10,000 for 125 TH/s, where do I sign up! Shocked

No, seriously. Where do I sign up. Tongue

Quite a ballsy scam production if I must say so.

intron

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Activity: 427

Merit: 251

- electronics design|embedded software|verilog -

Quote from: Xer0 on March 11, 2014, 07:03:54 PM

does it run with magic?

No, double rainbows and unicorn tears.

Cablez

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Activity: 1400

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I owe my soul to the Bitcoin code...

As with most scams ...if it seems too good to be true...

He1l_Q

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scam

be careful!

peterepeat

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Activity: 237

Merit: 100

Quote from: bcmine on March 12, 2014, 07:12:49 AM

Quote from: peterepeat on March 12, 2014, 02:36:24 AM

Damn, I bought a few shares on the IPO before checking more thoroughly. Seems like a scam. Is there anyway of getting funds back on cryptostocks while its in IPO?
Note the similarity:
https://i.imgur.com/y2uWfvS.png with their logo shopped in
and the guys from bitmine.ch original post from a while back http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481

did you already emailed to cryptostocks.com? normally they are going to take off this scam attempt as they did another scrypt hashing asics company scam.

I emailed them, but have heard no reply.

bcmine

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Activity: 1014

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Quote from: peterepeat on March 12, 2014, 02:36:24 AM

Damn, I bought a few shares on the IPO before checking more thoroughly. Seems like a scam. Is there anyway of getting funds back on cryptostocks while its in IPO?
Note the similarity:
https://i.imgur.com/y2uWfvS.png with their logo shopped in
and the guys from bitmine.ch original post from a while back http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481

did you already emailed to cryptostocks.com? normally they are going to take off this scam attempt as they did another scrypt hashing asics company scam.

ImI

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wow! they really put some effort into that...

chocomav

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Their sensationalist sounding phrase "shockingly-faster switching speed" did kind of strike me originally as somewhat odd given the straight-forward technical jargon on their homesite. Kind of like supermarket tabloid language suddenly meets high tech. Too bad it is a scam.

Biffa

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Activity: 3234

Merit: 1220

I dunno, sounds just as legit as unicornmining right?

chocomav

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Activity: 84

Merit: 10

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/

ratty

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Activity: 261

Merit: 250

Can you increase the RAM in them with Google Drive?
http://drusepth.net/how-to-speed-up-your-computer-using-google-drive-as-extra-ram/
Seems just as legit.

ponech

newbie

Activity: 30

Merit: 0

Quote from: dentro on March 12, 2014, 04:09:36 AM

Quote from: peterepeat on March 12, 2014, 02:36:24 AM

Damn, I bought a few shares on the IPO before checking more thoroughly. Seems like a scam. Is there anyway of getting funds back on cryptostocks while its in IPO?
Note the similarity:
http://i.imgur.com/y2uWfvS.png with their logo shopped in
and the guys from bitmine.ch original post from a while back http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481

lol, faaake

lol so good looking website and then blow the cover with this fake picture

dentro

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Activity: 92

Merit: 10

Quote from: peterepeat on March 12, 2014, 02:36:24 AM

Damn, I bought a few shares on the IPO before checking more thoroughly. Seems like a scam. Is there anyway of getting funds back on cryptostocks while its in IPO?
Note the similarity:
http://i.imgur.com/y2uWfvS.png with their logo shopped in
and the guys from bitmine.ch original post from a while back http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481

lol, faaake

ponech

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7min from my home, i wil take a look soon

giorgiomassa

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Activity: 222

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By the way it may seem obvious by now but the fact they took our picture and shopped in a light bulb logo speaks for itself, stay miles away from this as it's 100% a confirmed scam and we have nothing to do with that. I'm serious!

giorgiomassa

full member

Activity: 222

Merit: 100

Very original scam Grin

, they would deserve to be paid just for the creative approach they had, my new favorite after cryoniks.com !

Next one could probably be telepathy based, or maybe single-atoms IC like the one from IBM https://www.youtube.com/watch?v=oSCX78-8-q0

peterepeat

full member

Activity: 237

Merit: 100

Damn, I bought a few shares on the IPO before checking more thoroughly. Seems like a scam. Is there anyway of getting funds back on cryptostocks while its in IPO?
Note the similarity:
http://i.imgur.com/y2uWfvS.png with their logo shopped in
and the guys from bitmine.ch original post from a while back http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Big scam is big.

DrFingol

member

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Merit: 10

Quote from: giorgiotheclown on March 11, 2014, 08:15:32 PM

scam

In Böden 139
8046 Zürich

look @ google streetview

Give them a chance, maybe they are assembling the 500+ photonic super ASICs in the comfort of their apartment?

Lol.

giorgiotheclown

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scam

In Böden 139
8046 Zürich

look @ google streetview

minternj

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I'll wait for them to sell sharks with lasers, then i'm all in.

tricomp

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I am not vouching for this company.

However, it will seem that the technology referenced is feasible based on prior publications:

http://www.extremetech.com/extreme/118485-mit-almost-produces-an-optoelectronic-computer-chip

http://www.mit.edu/newsoffice/2012/manufacturing-optical-chips-0215.html

The challenge is in determining if this company , photonicmining.com , has really effectively prototyped this photonic transistors.

There affiliation with OneFive.com, will be a plus and strong comforter if it can be verified, as OneFive.com appears to make the basic products that would be used. They also have a relatively impressive Google pagerank of 5. In comparison the domain name, Photonicmining.com , which was registered on 28-Feb 2014 and has 0 page rank.

floatyfish

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Activity: 373

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Quote from: iglasses on March 11, 2014, 07:33:01 PM

There is exactly ZERO chance someone would sell a device like this. Even conservatively you could mine 10+ BTC PER DAY with it. So it ROI's in two days???

You would own the BTC network if such a device existed.

Which is why I emailed them. It honestly seems like vaporware, but I'm hoping I can get more info out of them and then see what people here can make out of it.

iglasses

legendary

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There is exactly ZERO chance someone would sell a device like this. Even conservatively you could mine 10+ BTC PER DAY with it. So it ROI's in two days???

You would own the BTC network if such a device existed.

RoboCoder

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Activity: 388

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Save A Life, Adopt a Pet Today!

Quote from: Xer0 on March 11, 2014, 07:03:54 PM

does it run with magic?

Yes, you have to think of something funny, point your wand at it and say the spell:

'Riddikulus'

Xer0

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°^°

does it run with magic?

MANofthePEOPLE

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Quote from: floatyfish on March 11, 2014, 06:11:11 PM

I was hoping to find a thread about this, I think it looks like a scam, but if I could be proven wrong that would be amazing. They do link to reputable companies, I think I'm going to send them an email and see what's up.

Seriously? Why would anyone in their right mind sell 125 th/s for $10k?

thy

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Merit: 500

Quote from: precrime3 on March 11, 2014, 04:50:48 PM

claiming some photonig electronic switching crap.... 125 th/s for 10 grand? Scam???
http://photonicmining.com/#products
There IPO (interested in) : https://cryptostocks.com/securities/108

If there claim where true they would blow every competitior off the map, 125TH for 9999 usd, it just can't be true 0,08 usd/GH(2,4% of the copetitors price) and 0,0148w/GH compared to cointerra/Knc or that chineese company with there 2/3/1 TH respective machines thats all around 3-4 usd/GH and around 0,7-1w/GH.

http://photonicmining.com/
PhotonicMining
In Böden 139
8046 Zürich
Switzerland

Lets have them demonstrate there working prototype if there for real.
Or maby someone in switserland can call Onefive or pay them a visit in Zürich and check them up.

http://www.onefive.com/
In Böden 139
8046 Zürich
Switzerland
Tel. +41 43 538 36 57
Fax +41 43 538 36 86
[email protected]

floatyfish

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Activity: 373

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I was hoping to find a thread about this, I think it looks like a scam, but if I could be proven wrong that would be amazing. They do link to reputable companies, I think I'm going to send them an email and see what's up.

precrime3

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Activity: 84

Merit: 10

PM for journalist,typing,and data entry services.

claiming some photonig electronic switching crap.... 125 th/s for 10 grand? Scam???
http://photonicmining.com/#products
There IPO (interested in) : https://cryptostocks.com/securities/108

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