Bitcoin Forum

..

hi

scam.org

most probably a scam

SCAM!!!

Site mentions the device needs some fairy cake and a cup of hot tea... I'd be leery. ;)

Please tell me I can preorder!  ::)

http://s16.postimg.org/lwijgzzqd/shut_up_and_take_my_money2.jpg

The ridiculous techno-babble sounds a lot like our buddy, Ed Trice.  The liquid nitrogen connection is a suspicious coincidence too.

wow on board liquid nitrogen generator!!

where does all the heat go?

and where do we get the 2800W from? Not from the power socket of any normal house hold!!!

"3-axis gyrometer & temperature security purge sensors" - ooooo fancy

"Custom designed and milled stainless steel “C” pillar inner frame" can I see some picture of this not just computer rederings? No? what a surprise

Bless you guys on your 110v, so cute :)

The scammers are getting much more fancy.  I'd say someone should pay a visit to this guy's office... and by office, it's most likely his home.

Also.. the website claims the business is located in Michigan somewhere, IIRC.  However.. I did a bogus order and realized the bank for the wires are located in NYC.  I'm from NYC!  Send me BTC and I will thoroughly investigate whether or not this is a sham ;)

Do we need to supply our own liquid helium?


I'm glad it was in a pathogen free environment.

Meh I place a preorder but I wont be sending them a wire transfer anytime soon.

They even went through the trouble of doing a press release for the scam.  Impressive, but its all total bullshit technobabble to prey on the weak and greedy. Don't give them your money or personal info, obvious (albeit clever and well executed) scam.

Oooh pretty...

This reeks of an Ed Trice scam.  The fake press release also fits his m.o.

This is very well done .... shipping July 15th, Located .... " keep in mind that the system must go through a liquid “purge” that might take up to 6 hours for the stored liquid Nitrogen to evaporate. Liquid Nitrogen is roughly 700 more dense than Nitrogen gas" even more sounding like ed trice

They are featured on Techcrunch http://techcrunch.com/2013/05/23/the-cryonic-bitcoin-mining-machine-is-15000-of-pure-btc-power/

CEO of Cryoniks, Inc. Fahad Koumaiha."

This is ridiculous and sad.

Yup, looks like the Techcrunch writer does not even know what he is talking about.... Or he needs to tell me what GPU gets 100Ghash!

Daymn! If my PC can hit 50GH/s.. what do I need my mining rigs for?!?! OMG.. I've been scamming myself this whole time!  

Maybe he's hashing MD2.

What pains me is that being featured on Techcrunch could actually convince a gullible person that this is possibly legitimate. Techcrunch is usually a good source of news for startup investors and tech in general.

I would hate to see one person wiring $15.000 on the account that Techcrunch is usually a reputable source.


As for the miner and company, I am in agreement with many of you here, too many inconsistencies on the site (updates could allow for LTC mining ?!?!?) and mumbo jumbo that is more confusing than instructive.

lol internal liquid nitrogen generator!? 6 usb 3.0 ports! and customizable multi color LEDS! cause ya know I want to mine in style and have a fast bluetooth link to my iphone while I have a fast usb link to an external hard drive or something cause I can mine fast.

Only a month old. I wonder who did the R&D then?

a liquid nitrogen generator will run you 15000 by itself.

U need to send yourself to jail ...

Turn up at teh police station and explain that you have been scamming yourself for many years and its time that this stopped...the only option is incarceration for your crimes as you have a very low chance for rehabilitation as you just kept ripping yourself off day in and day out :(

Cant we just pretend that it works as it looks like a Bitcoin Miner from Star Trek :D

Also doubles as a litecoin miner ...wow ..gee they cracked that problem pretty fast

And finnally just when u where totally going to get one it also will do CGI rendering for u as well ...

Gets a nice cross section of potential customers ....lol cry ...lol...

Why do they tempt us with such beautiful things god...is this the test u keep talking about ..putting such beautiful nerd toys that are all fake ..i think there is a bible story in their somewhere :(

I just installed a 240V PDU with C13 plugs - should be able to pull at least 8A through each one, and the plugs themselves are rated for 10A.  Still, even at 240V that's only 2400W from a single C13.  My PDU also has C19s, which are rated at 16A each.

Question for Cryoniks: What kind of power socket will you be including?  I would recommend a C19 since you can get 240V @ 15A through them.  Giving this specification and a demonstration of what you currently have would lend credibility to this seeming-scam.

Plug reference: https://en.wikipedia.org/wiki/IEC_60320#C19.2FC20_coupler

There are plenty of plugs, my oven and dryer take 30A@240V

Scam and Scumbags are every where

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!!

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

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

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.

Too nice to be true, unfortunately...

Looks like Techcrunch had second thoughts about the article.  Gone from where I sit.

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.

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..

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.

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.

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.

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 GeoMat^TM 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.

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 (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.

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.

SCAM

See THIS is exactly what is so embarrassing about social media and 'journalism' these days and their respective 'editors' who do f-all. They just share stories without checking any sources. Just regurgitate words as fact, but enough so as they are not caught plagiarising and can link build, but no, absolutely no research and nothing investigative. Disgraceful!

This^
When people moan and cry about the internet killing "journalism" I ask myself what I can do to make it die faster.  >:(

Hey Cryonik, here, FTFY:

https://i.imgur.com/YQk4W7m.jpg

Pfffs, yeah but that pulls 1.21 Gigawatts, who'd have that kinda electricity?!

You'd need a bolt of lightening to power that!... ;D

http://youtu.be/mjCRUvX2D0E (http://youtu.be/mjCRUvX2D0E)

Their next model will include a small black hole that just sucks all the heat away, no cooling needed.

Screw the black hole, I want to turn it into a free energy generating machine with perpetual motion.

Yes, just imagine...the first bright spark that manages to harness the heat wastage and turn it into something of use!

need more yiggawatts!

Isnt that rasict ??? ....lol

I've emailed the assistants to SFgate's VPs and senior editors

 :D :D :D :D That's pretty damn funny

I've been trying to find any direct linkage to Ed Trice and the Cryoniks CEO Fahad Koumaiha who appears to be a real person, but havn't found much yet.

It seems agreed around the boards this press release and even the wording seems very much like Ed Trice's previous techno-bullshit scams

http://www.kickstarter.com/projects/crypteks/crypteks-usbtm-encrypted-and-lockable-usb-solution/comments?cursor=2559443

Scam through kickstarter that is linked to the CEO of this new company. There is the proof now we can all sleep at night knowing that it is a scam  :D

I think you can probably cut the LB connection right there. I've been in business with Bitwize and they're not scammers. They're cheap so it might just have been an investment (unless some employee is part of the scam, but I doubt the company is).

Full (dis)credit to them for their SCAMsmanship, though. I e-mailed them asking for some proof of their extraordinary claims, and they replied with a rather well-worded e-mail about how they would be sending test units out to reputable individuals, and doing a live demonstration at a pre-announced location. They're certainly still keeping the charade up for now.

Would you make this email public?

Hmmm...

They couldn't deliver a USB stick: http://www.kickstarter.com/projects/crypteks/crypteks-usbtm-encrypted-and-lockable-usb-solution/comments?cursor=1422484 (http://www.kickstarter.com/projects/crypteks/crypteks-usbtm-encrypted-and-lockable-usb-solution/comments?cursor=1422484)
let alone this!!!

Smells fishy...

Hi, how do you know they are one and the same?

This is important as Crypteks' site was also designed by Bbitwize s.a.r.l based in Lebanon - supposed home of Cedartec...

Click;

https://www.google.co.uk/search?q=cryonics+bitcoin&ie=UTF-8&oe=UTF-8&hl=en&client=safari

Top result; Techcrunch STILL with their page live!!

With Mr.Fusion?!?
All you need is some banana peel and beer can :D

http://www.youtube.com/watch?v=fCjsUxbNmIs @ 1.10min

Also saying this on here:
http://www.reddit.com/r/Bitcoin/comments/1f16k4/need_to_keep_your_information_safe_secure_usb_key/ (http://www.reddit.com/r/Bitcoin/comments/1f16k4/need_to_keep_your_information_safe_secure_usb_key/)

 :-X

Yes! Thank-you for posting that. That's where I initially saw Bitwize mentioned a week ago, I couldn't find it after. ;)

So where is the Bitwize and Crypteks -> Cryonics link from. As in how can we be sure Bitwize is connected to Cryonics?

send them an email? ;)

Already had! ;)

They replied saying they personal details before passing the message on to management;


Good day Sir,
We'll post your question to higher management, kindly provide more information about yourself.
Thank you for understanding.

Regards
 
Bitwize s.a.r.l


ESIB Main Road,
Valley Green Hotel
Mansourieh - Lebanon
Telephone: (+961) 1 695405
               : (+961) 3 443568
E-mail:   info@bitwize.com.lb
Website: http://www.bitwize.com.lb

Disclaimer:
This message, together with any attachments, is confidential, is intended only for the use of the addressee(s) and may contain information which is covered by legal, professional or other privilege. If you are not the intended recipient, any copying, distribution or use of this email or its attachments, or of the information contained therein, is strictly prohibited; please destroy this email and its attachments and notify us immediately.

On May 24, 2013, at 7:03 PM, xxxxx@xxxxxx.com wrote:

Hi, did you create or are you behind this site?

https://cryoniks.com/#!/app/frostbit/

Reddit seemed to suggest you are.

Let me know please,

Thanks, A:

*higher* management? lol

Do you have a name? (PM me if so).

Name of who? Sorry, lost me there.

EDIT: if you mean did I omit a name from them, no. That's their comms in it's entirety. I just removed my email addy. Suffice to say I replied;



I'm a concerned potential customer that saw comments on a forum eluding to the fact the product may be unlikely and that you were the web design team behind the product's website.

Please advise, thanks, A.






and haven't heard back from them...I doubt I will. Lebanon appears to be a hub of these scams though.

Yes, you were real spook-like :)

I'll see if I can dig sth (don't really believe it meself but you never know), haven't gotten round to calling them yet. Long, busy days...

The connection is with the CEO, both have the same.

??

I think you're talking about cryptek/cryonics. I'm talking about bitwize (the founder is Badawi, not Fahad sth).

Yeah the CEO seems to have a very unfortunate name: the same as an alleged kickstarter scammer who ran with almost 200k pledges?

http://www.kickstarter.com/projects/crypteks/crypteks-usbtm-encrypted-and-lockable-usb-solution/comments?cursor=2543457

Wish we had a good WOT system, Bitcoin is making me paranoid.

The thing is, there is a good chance they're just homonyms...

So Fahad Koumaiha is behind this scam...  Can we find his address and personal information?

Sorry, no disrespect to you, but this is your second post?!

How the hell are the newbies able to evade the posting rules all of a sudden.

Again totally off topic, I'm just seeing this a lot now.

New accounts can request to be whitelisted by a moderator if they prove they've been active in bitcoin... I'm a member in #bitcoin-otc and was at the conference...

back to the topic please.

No worries buddy, merely an observation...

you guys have history or sth?

If this guy has taken $200k from kickstarters and is about to take 1.5 mil (not sure how legit that # is:  http://www.reddit.com/r/Bitcoin/comments/1feju1/owner_of_cryoniks_1000ghs_bitcoin_miner_has/ )  then YES I want people to know his identity so they know where to get their money.

BTW - quit being a pussy

Todays email from Cryoniks: ;)

As of 8:34PM (EST) Saturday, June 1st we have officially met the 200 FrostBit™ 1000 pre-order unit quota 44 days ahead of schedule! Congratulations to everyone and a big thanks from everyone at Cryoniks; we couldn't have done it without your tremendous support!

At this time we'd like to kindly request from everyone to kindly verify their order status. As promised, we will be ready to ship all FrostBit™ 1000 units as soon as the queue is complete and all respective units are accounted for. To better serve the majority of customers, we will be moving up our delivery date and will require that customers kindly verify their pre-orders; we have had several customers make false or incomplete orders and were also notified that a few pre-orders were being auctioned. NO PRE-ORDER IS VALID UNLESS AUTHORIZED BY CRYONIKS, INC. If you or someone you know has received a solicitation of a pre-order or promises of a unit, kindly notify Support immediately.

Pre-orders that have not been validated by a payment will be suspended within one (1) business week to allow a customer on reserve the opportunity to purchase and reserve (a) unit(s). Written notices will be issued to all registered customers additionally on Thursday, June 6th to post payment or kindly verify in writing their intentions. Suspension emails will be Issued On Monday, June 10th and will notify respective individuals to kindly verify their orders or their reservations will be transferred to another customer in the waiting list. We pardon any inconveniences this may cause in advance however this is to better serve our collective customer-base.

Kindly note that due to the volume of inquiries and support questions, Support inquires may take slightly longer than usual. Customers wishing to change their Shipping details may do so by sending an email to support@cryoniks.com or by submitting a Support ticket at www.cryoniks.com; kindly supply the new information and a confirmation email will be sent to the email address initially provided.

If you have any additional questions or require any assistance at this time, kindly reply to this email or visit us at www.cryoniks.com and click Support to generate a ticket.

Congratulations and thank you kindly for your support and patience! We're very honored to have been given this unique opportunity and look forward to servicing your current, and future needs.

 

Warm Regards,
Cryoniks, Inc.

 


Your Pre-Order Details


Order Details

1 X FROSTBIT™ 1000

Confirmation Order Number

Jesus! they sure do know how to write some bullshit copy. I feel sad that someone might have fallen for there pretty website... :-[

Worth mentioning Bitwize, never did reply after that initial contact...

Awww..., they're just a kindly bunch. Surely they deserve our fiat.  ::)

Have anyone noticed that their link to mtGox is wrong, it points to fraud website (.org instead of .com, as described there: https://bitcointalk.org/index.php?topic=219284.0 (https://bitcointalk.org/index.php?topic=219284.0))?
https://cryoniks.com/#!/app/bitcoin/ (https://cryoniks.com/#!/app/bitcoin/) #EXCHANGE >

A lot of idiots are buying or selling it on eBay

I emailed the idiot on eBay selling shares, asking him if he was part of the scam or just doesn't realize nitrogen generators are science fiction, his reply

my, my, did you wake up on the wrong side of the bed??

I agree with what I think is your opinion that could be a scam. The supposed principals appear to have been directly involved with the kickstarter problem. The law firm appears to have been front and center in Cryptrade/Crypteks. The techno as claimed sounds goofy.

but, The law firm does exist, the law firm is representing Cryoniks, Cryoniks is currently using the law office address as their official address, ..

ssooo, who knows, righ?. Avalon had many scammy elements when Guo trotted his ASIC machine concept out, but then he has delivered (at least that is what I read - maybe Avalon is just another elaborate scam???). Butterfly labs, kind of in the same early stage boat, pretty pictures but are the units really shipping??? All three companies have raised their capital through the pre-order process, while unusual for real companies, appears to be within the usual for gaming companies and gaming techno companies.

I continue to dig into the reality of Cryoniks. If proves in the end to be a fabrication, then I politely refund the money and/or offer my buyers the same valued shares in my BFL machines.

Anyone giving these guys money deserves what they get.

liquid nitrogen generators aren't science fiction. But this product surely is

liquid nitrogen generators certainly exist, but they generally look more like this... ::)

http://pcdn.500px.net/7182541/2165491f4c2c1a322837f5642140d772d9ee102c/3.jpg

That's a nice one.  The one we have outside our building doesn't have all the computer controls.

As said earlier, LN2 generators are very real, they are used in labs and whatnot. The size though is what bugs me with this apparent product.

If anyone is interested, I did a post on reddit a while ago about the weird parts of what they are saying as well as a response to their later letter:

http://www.reddit.com/r/Bitcoin/comments/1fjwyc/crypteks_kickstarter_scam_continues_to_be_ignored/

What if the images make the device look small but it really is that big?

I suppose for 1 Th/s I could live with something the size of a fridge  ;D

2800W total...  BFL does 5 GH/s for about 30W, so 1000 GH/s would require 6kW.  That leaves -4.2kW to condense enough nitrogen to cool it.  Checks out!

Everyone knows thats how you cool things, put the energy being saved backwards through a heating element and then the liquid nitrogen, being so low temperature, turns the main ASIC into a superconductor negating loads of power draw. That's how it's really done. ;)

I have to see it to believe it.  I don't really believe in news reports now.

Has anyone purchased?

Why is this garbage still being spoken about?!

nothing attracts a crowd more than a crowd

Touché ;)

Let's all agree this is a super SCAM, but let's say I have access to unlimited liquid Nitrogen (I do). How much of a performance gain on my Butterfly Single SC could be achieved by cooling the chips down to 100K? What are the concerns for the electronics?
-De-humidified chamber (reduce condensation on the electronics)
-Nitrogen Gas venting (reduce asphyxiation of the operator)
-Do you need to you need stabilize the board from vibrations? (I imagine normal room vibrations might crack the board or chips over sustained time at supercooled temperatures.

Imagining I can actually build a stable super-cooled setup... what are the potential performance gains?

Just look into cpu overclocking. You're still limited by locked clocks and unstable vrm. But I'm guessing 50% gain.