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.

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

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

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

Scam and Scumbags are every where

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!!

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.

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.

Too nice to be true, unfortunately...

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.