[2016-05-12] Palantir Denies Ownership of 'Quantum' Bitcoin Cloud Mining

[Y.Job]

Earlier this week, a press release for a Hong Kong-based company called CoinFac began circulating a plan to "introduce the next generation quantum computing technology into cryptocurrency mining".

The pitch promised big processing speed increases thanks to the claimed technology advances, and visitors to the CoinFac website are quickly directed to a series of cloud mining contract options. Though the website shows that contracts costing 50 BTC and 100 BTC annually are “sold out”, the site is still selling contracts costing 1 BTC and 5 BTC, respectively.
ADVERTISEMENT

But at least one claim in the press release appears to be false.

CoinFac stated that it was owned by Palantir Technologies, a secretive data analysis software company co-founded in 2004 by PayPal co-founder Peter Thiel that originally drew funding from a CIA-connected venture fund.

http://www.coindesk.com/palantir-quantum-bitcoin-cloud-mining/

[alani123]

Seriously, people and websites that post these obviously fake press releases around should be put on a blacklist. It was also posted here by someone as well. Good job on Coindesk for their actual reporting on the matter.