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Kodak Bitcoin Kashminer Turns Out to be Scam

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

kazzie writes:

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, @02:00AM

    by Anonymous Coward on Tuesday July 17 2018, @02:00AM (#708173)

    completely honest investments like pension plans

    If the pension plan depends on having a continuous flow of people to pay off the last people then it is a ponzi.