Palantir Tech Refutes Link to 'Quantum Bitcoin Mining' Firm

Palantir Technologies, a global information analytics society co-founded by Peter Thiel, co-founder of PayPal, denies whatever connectedness to a Hong Kong bitcoin mining society that claims to endure owned yesteryear 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 in that location is no connectedness betwixt the companies. The spokesperson farther noted that Palantir has asked CoinFac to withdraw references to Palantir.
Palantir raised $880 1 thou one thousand inwards Dec too plant amongst police trace enforcement agencies to rail terrorists. Palantir has expanded into the fiscal sector to assist hedge funds too banks procedure data.

Quantum Computing Claims

CoinFac claims its customers volition endure able to create goodness from quantum computing processing. It claims it volition brand bitcoin mining 4,000 times faster than traditional computers. Its website says users tin pay betwixt 1 BTC too 100 BTC to rent the processing ability for 1 year.
A CoinFac press release dated May ix too distributed yesteryear PRWeb claimed CoinFac’s entrance into the cryptocurrency the world amongst its quantum computing applied scientific discipline “sends bitcoin trading prices spurring upwards yesteryear 3.5%, amongst a positive marketplace consider driving the momentum.”
CoinFac’s website lists 12 mining packages, of which the ii most expensive are noted every bit “sold out.”
The website claims the l BTC too 100 BTC options are sold out, which indicates customers bring already paid $22,500 too $45,000 to purpose these services. The society said it volition supply customers access to a quantum estimator through the cloud, but it does non dot where the quantum estimator is located or who owns it.
The website too states 100% guaranteed bitcoin mining results.
Some tidings websites bring carried the CoinFac press unloose amongst petty editing.

IBT Challenges Claims

The alone commercially available quantum estimator costs to a greater extent than or less $10 million, International Business Times reported.
Contacted yesteryear phone, a mortal at CoinFac told the publication that a spokesperson was non available to speak. CoinFac did non response to an emailed query most the claim that Palantir owns the society or how many customers bring paid for CoinFac’s services.
CoinFac’s website claims a human being named Mike Howzer founded the company. It describes him every bit a cryptocurrency idea leader too a old executive at Oracle, Intel too Google.
The biography claims Howzer is referenced inwards The New York Times, The Wall Street Journal too Business Week, but an online search yesteryear International Business Times of these publications turned upwardly no such references.
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