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posted by mrpg on Tuesday July 17 2018, @12:00AM   Printer-friendly
from the krazy-kodak-kashminer dept.

From the 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.

An up-front investment of $3,400 to rent a box that will generate $375 a month in bitcoin? I hear the word "ponzi" on the breeze...


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  • (Score: 0) by Anonymous Coward on Tuesday July 17 2018, @06:07PM

    by Anonymous Coward on Tuesday July 17 2018, @06:07PM (#708442)

    > "An up-front investment of $3,400 to rent a box that will generate $375 a month in bitcoin?"

    Is there a youtube video of the guys behind this scheme trying to answer the basic question "Why do you share rather than keep the boxes and the profits, given the amazing 9-month ROI?"
    I really really would love to know how you can spin that one with a straight face.

    Well, the boxes cost them less than $3,400, so they're making a chunk of change reselling the box. Also, if the boxes generate more than $375 per month they keep the extra. So they are getting suckers to fund the boxes and generating free bitcoins.