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Kodak bitcoin Kashminer turns out to be scam

Accepted submission by kazzie at 2018-07-16 16:07:36 from the gone-in-an-instamatic dept.
Business

kazzie [soylentnews.org] writes:

From the BBC [bbc.co.uk]:

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 [cnbc.com] that will generate $375 a month in bitcoin? I hear the word "ponzi" on the breeze...

Original Submission