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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

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.

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
contactus@onefive.com

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

does it run with magic?

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

'Riddikulus'

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.

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.

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

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.

Big scam is big.

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

Very original scam ;D, 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 (https://www.youtube.com/watch?v=oSCX78-8-q0)

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!

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

lol, faaake

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

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.

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/

I dunno, sounds just as legit as unicornmining right?

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.

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

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.

scam

be careful!

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

No, double rainbows and unicorn tears.

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

No, seriously.  Where do I sign up.   :P

Quite a ballsy scam production if I must say so.

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

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.

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.

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.

Total dividends paid 0.0 BTC

For now and forever...

Big Scam ;)

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.

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

clever scam indeed.

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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 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...

I spy with my little eye.... Hawaii  ;D

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

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.

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

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

IPO pump xor dump

http://imageshack.us/a/img94/6336/facewd.jpg

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.

fake butterflylabs sites were also connected to the cts scam

thanks for warning noobs like me  :)

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 ?

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

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

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

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!   :D

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...

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