Palantir Tech Refutes Link to ‘Quantum Bitcoin Mining’ Firm
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....
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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....
Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping the asset on its balance sheet. Palantir Enters the Crypto Economy On Tuesday, Palantir Technologies announced the firm would accept bitcoin as payment from customers, according to a report published by Reuters. The report followed Palantir’s earnings statements from Q1, and claims Palantir....
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....
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....
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...