Palantir Denies Ownership of 'Quantum' Bitcoin Cloud Mining Service
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. But at least one claim in....
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Palantir Technologies, a global data analytics company co-founded by Peter Thiel, co-founder of PayPal, denies any connection to a Hong Kong bitcoin mining company that claims to be owned by Palantir Technologies, according to International Business Times. The mining company, CoinFac Ltd., promises to deliver faster bitcoin mining using quantum computing. A Palantir Technologies spokesperson said there is no connection between the companies. The spokesperson further noted that Palantir has asked CoinFac to remove references to Palantir. Palantir raised $880 million in December and works....
Throughout the past few months, here has been a lot of talk about Bitcoin and quantum computing. Coinfac, a company, based in Hong Kong – allegedly owned by Palantir Technologies – wants to use quantum computing for Bitcoin mining. Palantir Technologies Not Involved in Coinfac. That seems to be the big question right now, although a Palantir spokesperson mentioned there is no connection between the company and Coinfac. Hong Kong-based Coinfac claimed they will use quantum computing in the Bitcoin mining sphere very soon, although those claims seem to be ludicrous at best. Stories like....
IBM has announced the launch of its quantum computing service called IBM Q along with a developer API. Quantum computers are considered to the future of computing. IBM is one of the of companies that is currently involved in the development of quantum computers. The tech giant has made news by announcing its plans to build the first commercial quantum computing system. With the recent announcement, IBM has made a name for itself as the provider of some of the disruptive technological solutions. The quantum computing systems and services follow the company’s suite of products in the AI (IBM....
Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down operations for an undisclosed amount of time, new companies started appearing all over the internet. XScrypt is one of those cloud mining companies, but it looks like the “company” has gone bust after multiple issues with payouts. Running a cloud mining company is not as easy as it may sound. Not only does a cloud mining operator need access to mining hardware — either self-hosted or remote — but there are tons of....
The quantum-resistant hybrid blockchain platform, QANplatform, has announced the release of its rapid one-click deployment feature. The achievement enables developers to deploy the QAN blockchain in under five minutes to cloud platforms such as Amazon’s AWS, Microsoft Azure, Google Cloud, DigitalOcean, and Linode. Advancements in quantum computers – which could become millions of times faster […]