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[2016-05-12] Palantir Denies Ownership of 'Quantum' Bitcoin Cloud Mining
by
Y.Job
on 12/05/2016, 20:23:14 UTC
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.
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But at least one claim in the press release appears to be false.

CoinFac stated that it was owned by Palantir Technologies, a secretive data analysis software company co-founded in 2004 by PayPal co-founder Peter Thiel that originally drew funding from a CIA-connected venture fund.

http://www.coindesk.com/palantir-quantum-bitcoin-cloud-mining/