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Author Topic: Cryonics Frosbit claiming 1000Gh/s - $15K??  (Read 16213 times)
3KyNoX
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May 24, 2013, 12:13:47 PM
 #41

Too nice to be true, unfortunately...

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May 24, 2013, 12:17:03 PM
 #42

Looks like Techcrunch had second thoughts about the article.  Gone from where I sit.
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May 24, 2013, 12:21:35 PM
 #43

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

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.
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.
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May 24, 2013, 12:37:16 PM
 #44

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

I just hope next time they at least google "bitmining".  The whole thing is to throw out as many technical buzz words as possible
to sound like it was written by an engineer or scientist.  Who measures power consumption based on altitude in a pathogen free environment?

It is just entertainment for the rest of us.  

Maybe they set it up as a joke. I just hope nobody loses money because of this, or go to jail for that matter.
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May 24, 2013, 01:15:53 PM
 #45

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..
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May 24, 2013, 01:29:54 PM
 #46

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!!

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.

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May 24, 2013, 01:37:23 PM
 #47

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.
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May 24, 2013, 02:13:56 PM
 #48



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.

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...

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May 24, 2013, 02:49:38 PM
 #49



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.

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.

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May 24, 2013, 02:57:23 PM
 #50

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 GeoMatTM 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.

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May 24, 2013, 04:04:17 PM
 #51

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

I'm hoping they (Cryonic ^TM) add a Grateful Dead option, and have an N2O generator.
Bitcoinorama
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May 24, 2013, 04:07:21 PM
 #52

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.

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May 24, 2013, 04:10:31 PM
 #53

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

What is this about?  Anyone know?

SCAM
Bitcoinorama
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May 24, 2013, 04:12:26 PM
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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

I'm hoping they (Cryonic ^TM) add a Grateful Dead option, and have an N2O generator.

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!

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May 24, 2013, 04:23:07 PM
 #55

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

I'm hoping they (Cryonic ^TM) add a Grateful Dead option, and have an N2O generator.

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.  Angry

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May 24, 2013, 04:49:26 PM
 #56

Hey Cryonik, here, FTFY:

Bitcoinorama
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May 24, 2013, 04:59:10 PM
 #57

Hey Cryonik, here, FTFY:






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

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

http://youtu.be/mjCRUvX2D0E

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cp1
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May 24, 2013, 05:35:43 PM
 #58

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

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phorensic
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May 24, 2013, 09:16:15 PM
 #59

Screw the black hole, I want to turn it into a free energy generating machine with perpetual motion.
Bitcoinorama
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May 24, 2013, 09:21:14 PM
 #60

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!

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