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Title    Kodak Bitcoin Kashminer Turns Out to be Scam
Date    Tuesday July 17 2018, @12:00AM
Author    mrpg
Topic   
from the krazy-kodak-kashminer dept.
https://soylentnews.org/article.pl?sid=18/07/16/2034239

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...

Original Submission

Links
  1. "kazzie" - https://soylentnews.org/~kazzie/
  2. "BBC" - https://www.bbc.co.uk/news/technology-44845291
  3. "$3,400 to rent a box" - https://www.cnbc.com/2018/01/10/this-3400-bitcoin-mining-machine-is-a-cornerstone-of-kodaks-crypto-pivot.html
  4. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=27885
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printed from SoylentNews, Kodak Bitcoin Kashminer Turns Out to be Scam on 2023-06-18 04:12:48