Kodak Bitcoin mining 'scam' evaporates
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...