Cryonics Frosbit claiming 1000Gh/s - $15K??

[01BTC10]

Maybe he's hashing MD2.

[1713289551]

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[howdoin]

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.

[Keninishna]

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.

[erk]

Company Name:    CRYONIKS, INC.
Status:    Active
   
   
Filing Date:    04/16/2013
Entity Type:    Domestic Profit Corporation
File Number:    05133X
Filing State:    Michigan (MI)
Company Age:    1 Month
Registered Agent:    
Ralph R Safford
40900 Woodward Ave Ste 275
Bloomfield Hills, MI 48304   

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

[cp1]

a liquid nitrogen generator will run you 15000 by itself.

[YipYip]

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!  

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

[YipYip]

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."

"The PC hits a peak of 2800W – the average PC hits 200W on a bad day – but the device can perform 1000 Gigahashes a second. To put that in perspective a strong PC with good graphics card can hit about 100 GH/S and in my experience I haven’t been able to get any my machines to hit higher than 50 GH/S."

Say what?  

I think the last 2 should be M instead of G

2800 Watts is 11+ amps at 240V.  I can do that.

You think?  What about the rest of it?  Their whole website is filled with techno mumbo jumbo.

I have a master's degree in physics and I have handled liquid nitrogen before.  If they send me a working unit I will try to get it running.
http://www.physics.rutgers.edu/

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

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

[ralree]

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."

"The PC hits a peak of 2800W – the average PC hits 200W on a bad day – but the device can perform 1000 Gigahashes a second. To put that in perspective a strong PC with good graphics card can hit about 100 GH/S and in my experience I haven’t been able to get any my machines to hit higher than 50 GH/S."

Say what?  

I think the last 2 should be M instead of G

2800 Watts is 11+ amps at 240V.  I can do that.

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

[cp1]

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

[dan99]

Scam and Scumbags are every where

[CrazyGuy]

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.

[Bitcoinorama]

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!!

[Bitcoinorama]

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

[RoadStress]

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.

[YipYip]

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

[bcpokey]

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.

[tom_o]

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.

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.

[3KyNoX]

Too nice to be true, unfortunately...

[fc_flumpker]

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

[phorensic]

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.