Kodak Accused of Bitcoin Mining Cheats
Kodak's plan to develop a cryptocurrency called KodakCoin is considered a new breakthrough. Its shift to blockchain technology caused the share price of the once photography giant to more than triple.
To mine cryptocurrencies, Kodak introduced KashMiner. This KodakCoin mining tool has been featured at the CES (Consumer Electronics Show) technology exhibition.
This tool was created and operated by a company called Spotlite that has been licensed kodak.
Here's how it works: Users pay $3,400 to rent the mine machine for two years.
Kodak claims KashMiner is capable of producing KodakCoin which is equivalent to a range of $375 each month or the equivalent of $9,000 for two years.
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