PhotonicMining having pretty big claims, 125 TH/s for 10,000 USD

[JointDoctor]

I spy with my little eye.... Hawaii 

[1714045639]

1714045639

[MarketNeutral]

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

[ultrix]

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.

[Phinnaeus Gage]

I spy with my little eye.... Hawaii 

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

[Phinnaeus Gage]

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.

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

[tokyoghetto]

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.

[MarketNeutral]

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

clever scam indeed.

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...

IPO pump xor dump

[MWNinja]

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.

[railzand]

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/

fake butterflylabs sites were also connected to the cts scam

[lemfuture]

thanks for warning noobs like me 

[superresistant]

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 ?

[nikolaz]

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

[grapemon1611]

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

[MarketNeutral]

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

[CryptoREI]

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

[ChuckBuck]

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!   

[thy]

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...

[vm_mpn]

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!   

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