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Kodak Bitcoin mining 'scam' evaporates

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  The Kodak KashMiner appeared at CES in January BBC The company behind a Kodak-branded crypto-currency mining scheme has confirmed the plan has collapsed. In January, a Bitcoin mining computer labelled Kodak KashMiner was on display on Kodak's official stand at the CES technology show in Las Vegas. But critics labelled it a "scam" and said the advertised profits were unachievable and misleading. Now the company behind the scheme says it will not go ahead. Kodak told the BBC it was never officially licensed. What was the plan? Spotlite USA is one of many companies that licenses the Kodak brand to put on its own products. It showed off a Bitcoin-mining computer labelled Kodak KashMiner in January and told the BBC that it planned to let people rent the machines. To mine crypto-currency, computers are tasked with solving complicated mathematical problems in order to verify crypto-currency transactions. Successful miners are rewarded with bitco...

KashMiner: Kodak wants to mine with you

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By Moris Beracha.-  At last month’s CES, in Las Vegas, Kodak released KashMiner, a bitcoin mining machine. However, the launch was not excluded from controversy, thanks to the company’s intention to take part of what the miner produces with it. According to the machine’s documentation, what it really does is paying for a two-year lease, for which it will have to be paid a large sum of money for the device, as well as half of the profits gotten with it. After paying $ 3,400, a 24-month contract is signed. In those two years, companies calculate bitcoins worth around $ 375 can be produced. The calculations were made on the basis that cryptocurrency maintains a value of $ 14,000. The profit will be entered into a joint Coinbase account, and the user will keep half of what it generates. As they have claimed, the miner consumes more or less the same electricity that we would spend when using a hairdryer throughout the day. https://privateequitymorisberachawuani.blogspo...