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PhotonicMining here (http://www.photonicmining.com (http://www.photonicmining.com)).

First of all, thank you for the interest in our company.

We apologize for not having opened an official thread here earlier, but we have been overflown with inquiries.

We would like to clarify who we are and address some accusations.

1) We are a young startup which developed a new kind of rudimental photonic transistor. Despite its size being considerably bigger (2,000 nm) than electric ones, overall it can achieve faster computational speeds because of the faster switching time (i.e. the time the transistor takes to switch from 0 to 1).

During 2013 we implemented a simple SHA-256 core circuit ( http://en.wikipedia.org/wiki/File:SHA-2.svg ). The prototyping costs are very high and the best way to grow faster than our competitors is to IPO and to follow a pre-orders based strategy which will enable us to extend this technology to building full-fledged mining chips.

2) Too good to be true?

We want to be very clear on the fact that we did not build our advertised products yet. The numbers are too good to be true because, in fact, they do not exist yet.

The only exception being our SHA-256 core running at 2 GH/s which has been successfully built and tested. We are impressed with the results and we can't wait to raise enough money to be able to replicate it thousands of times on a chip in order to achieve the advertised speeds. This will be a tortuous road, but the numbers and our beliefs are both telling us that we will make it.

We would like to comment the following chart: http://bitcoin.sipa.be/speed-ever.png
In the last year the hash rate has been growing 100 fold every 6 month.
We plan to ship the first products by September/October 2014, roughly 6 months from now. If the total hashing rate keeps rising at the current pace, we will reach speeds of 3,000,000 TH/s by then.
With a hashing rate of 25 TH/s (our mid-sized miner) we'd be able to mine 0.03 BTC per day (about 19$). However, we believe the hashing rate will grow slower than it did in the last year and therefore we might expect a higher return of investment.

We think we priced our products in a fair way which incorporates manufacturing delays, uncertainties and unknown future hashing rates.

We remain available for other clarifications. We are also working on a video explaining our technology. We hope to be able to share it with you soon.

Welcome!

https://bitcointalk.org/index.php?topic=511604.0

Thoughts? Comments?

Welcome!

Please explain how are you going to achieve 25TH at 370W. Don't be shy and post as much technical info as you can.

SCAM.

See this thread. (https://bitcointalk.org/index.php?topic=511604.20)

You already scammed people investing in vaporware at cryptostocks.com, how the fck can you sleep at night. Worse then stackcoin.

oneFive has never heard of your scam site!

So you are asking for funding to try to create bitcoin mining tech based on photonics? ...

We'd want physical proof of your claims since you claim to have created a prototype?

Only last summer a transistor was created in Vienna, so how do you go from that in 1 yr to fully functioning device with tens of thousands of such transistors?  All in 1 yr?  

I know!! The aliens are getting into bitcoin mining tech now... /sarc

watching....

confirmed to be a IPO scam. oneFive has never heard of you or done business with you.

IPO SCAM STAY AWAY

they already scammed someone for 75 BTC on cryptostocks.com.

PhotonicMining, you are what's wrong with this world.

Watching...

looks like a website rip of coinbase besides the scam part

What's truly wrong with this world are the gullible people who give power to these scums...

They are using images from bitmine.ch
Their twitter had this on it yesterday:  https://i.imgur.com/y2uWfvS.png
remember this - http://www.20min.ch/finance/news/story/Dubioses-Geschaeft-mit-Bitcoin-Rechnern-18031481
Now, today they are saying their twitter was "hacked"
Additionally, their logo codged from this guy: http://dribbble.com/shots/318757-Lightbulb-Logo/attachments/13995

I guess another clue as to their professional knowledge is their term of "femto seconds", in photonics, and Im sure all sciences using SI units would say femtoseconds like milliseconds, not "milli seconds"

Im really hoping that the exchange an escrow holds the coin for some period during the IPO so they can stop this.

I have heard nothing back from the two emails I have sent cryptostocks.

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

silence is golden apparently!

I really hope that 75 BTC purchase was an internal investment, or else someone's going to be very disappointed.

I will buy 10!of these miners

Show us the working SHA256 prototype core, oh wait...

Gosh, I might know the guy who paid 75B...

Even if you get BFL'ed, how long would it take for 5 TH/s to be unprofitable? Just asking, as $600 i could make in a month from mining, and willing to take risk, until proven scam.

This is not about getting BFL'd... that would imply you'd still get hardware eventually.  This is about claiming to create something with technology that does not and will not exist; i.e. pure scam.

Furthermore, it does not matter how many TH you have; if you overpay for hardware then it's a loss, and the more hardware you pay for, the bigger the loss. There is no magic way that buying more of something at a loss somehow turns it into a profit.

$600 for 5 th/s kinda a steal, assuming its real.

Can someone with some default trust light this up please?

Photo + Network Interface Card + Mining softwares = Photonicmining
When I mine enough 75 BTC, I will come back and pre-order this machine.

You're going to need a good PR guy.

Also, I have a friend who owns the building what used to house the old Designed Stairs Inc. store. We'll be able to have free electricity for 6 months, thanks to a program offered by the local electric company. (BTW, that's available across the entire US for any business to take advantage of regardless of usage. After six months, close up shop, move to a new location, apply for a different company name, and get the 6 month freebie again. I wonder how many small bitcoin miner hosting companies are taking advantage of this.)

I truly believe in your project, and salary is negotiable. If nothing else, give me full resale rights in the US, and I'll oversee our resellers here in the states.

That said, I back this endeavor 100%, and state that they are not a scam in any sense of the word.

~Bruno Kucinskas

You'll see when our miners come out in October, of which they will not be late like other unnamed entities.

PhotonicMining will have a statement coming out very shortly on this, whereupon you'll learn it was just a misunderstanding.

Just a placeholder. Our website will be the bestest once it's completed in two weeks. We'll even have a forum where everybody and anybody can state whatever they desire without fear of being banned, within reason of course.

Let's play nice, now. It took all I had to make this a non self-moderated thread. Let's don't ruin it for the new players we're hoping to bring in.

I anointed myself to take on this task and make this company viable.

Have you been quintuple vetted, though, eg by Tradefortess or maybe Dank?

A 100% MPP will be made available to the first 10,000 bitcoiners who pre-order any of our miners.

Also, full refunds will be made available via the exact means payment was made. If via BTC, they we will refund at an exchange rate that's favorable to our customers, regardless of the exchange rate. The reason we are able to do this is because we believe there will be few refund request since we WILL deliver on time. In fact, to date we have had not a single refund request.

There will not be any renderings on our site--ONLY actual completed models. Any renderings you may see now are only placeholders for the real McCoy.

Currently, we're toying with an entry level model, but need help in naming it. Please let us know if you favor Rex (as in the dinosaur) or Violet (as in the flower). As of now, it's codenamed Omega, as in the Star Trek Voyager series.

Will Al the Alpaca suffice? I will be visiting their plant in the near future, whereupon a full exposé will be presented.

No he's weird looking. I suggest Vic the vicuna

I learnt something today after Googling that. Nice user name.

I changed my mind! I want all of North America, not just the US.

http://upload.wikimedia.org/wikipedia/commons/thumb/4/43/Location_North_America.svg/300px-Location_North_America.svg.png

I'm vetting the other continents besides Europe, of which PhotonicMining will cover.

Here's what's left:

South America
Africa
Asia (we may break this up into two parts for obvious reasons)
Antarctica & Australia (combined)

Rewarded:

Europe: PhotonicMining
North America: Bruno Kucinskas

EDIT: We have combined Antarctica and Australia, due the population of the former being so small.

I have rights to all non-terrestrial sales.

Now, that I'm the PR guy and regional manager of the entire North American market, I need to get some resellers in place.

I'm pretty sure we're going with an 18% reseller fee, and the best way to break it up is via three equal parts: 6% for the RM, me; 6% for the DM (district managers); and 6% for the DM's resellers.

Once a sale is made, all RMs, DMs and Resellers will be paid automatically via an accounting system that's being developed as we speak.

I will have 3 DMs directly under me to cover:

North America
Caribbean
Central America

The above will be further subdivided for the Resellers via Canada (10 provinces and 3 territories), the 50 US States, 7 Central American countries, etc.

I may need to pen a thread just for this aspect alone so that there's full transparency as to who is in charge of what territories.

And you've earned it! You're now in charge of the Federation of Planets. I suggest contacting the ISS to get your first sale.

Are you sure you don't want Antarctica?

A decision has just been made to combine Antarctica and Australia, due to the population of the former being so small. We apologize for not taking this oversight into consideration sooner.

I do, but mustn't be greedy. 1.64e999 planets and moons is about enough for one guy in a shed.

Where's your sense of adventure? Add an continent, or at least a territory to the mix. Hell, you'll be missin' out if we decide to go with a forced matrix for the downlines.

Can you imagine being the reseller for the state that ordered the most Monarchs? All orders would automatically go through you, earning an automatic 6% commission.

Do you realize how many strings I'll have to pull to convince my superiors that we should sell to aliens? These guys are open-minded, but not that open-minded, for I'm sure they've seen that South Park episode of G-backs taking everybody's jobs.

ok i'll take all territories and dominions ever in her majesty's commonwealth or empire that you ain't already nabbed. so, india and oz and the Falklands and hong kong but not canada or jamaica they're your turf.
i'll take all territories ending in -a or in -stan, leaving little for latecomers

in other news, someone said our bosses' bosses are part of the huge scam network on this forum, but someone else said that's just paranoia

lolz

I would like to command an army of sellers in South America. That was always my dream  ;D

At the end the guy will tell us, he made with us a social experiment, to proof how easy it is to take money out of some noobs, with some dingi ding numbers, but keep the money for him.  8) 8) 8)

It has come to my attention that Photonic Mining announced some form of collaboration with us on https://cryptostocks.com/announcements/1343 (https://cryptostocks.com/announcements/1343). This is *not* true.

It is true that I contacted them, saying that it would be nice to meet for a coffee. However, they declined in grammatically incorrect German, saying that they are too busy drafting an LOI with a big investor... my suspicion is that this a lie and that they are not even based in Zurich.

With all due respect, what may have been grammatically incorrect German via whatever translator you utilized, I'm sure you'll see that their reply was perfectly penned if you use the Photonic Phonics Translator, better known as PPT in Weading & Wighting 101.

Oh my God, they got aquired by Butterfly Labs!!!!!!! I wanna buy more shares right away. As you may know I am the new confirmed representator for South America and the whole Antarktis. Its so hot. We are all getting soo rich.

Butterfly is going to announce right away on their homepage the new Photonic Miner Preorder with delivery in April! The preorder is limited, so you have to order right now!

Well, technically they only said they "received an acquisition offer from Butterfly Labs." It must not have had any confidentiality clause in it, nor required acceptance or signing of final legal documents, as it's already time for all their investors to fly to Zurich to party.

Their lies were somewhat plausible on the technological side (ignoring the lack of patents), but they're obviously just amateur scam artists.

Apparently Cryptostocks has disabled the listing of new projects; one step in the right direction at least.

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...

this is so old, we will make a trillion hash machine, but please send us money first to send it ... lol