Kodak distances itself from failed Bitcoin scheme
The Kodak-branded 'Kashminer' Bitcoin mining scheme announced at CES has apparently collapsed, with Eastman Kodak distancing itself from the company behind it.
This is distinct from the Kodak-branded 'Kodak Coin' cryptocoin and 'Kodak One' IP blockchain scheme announced by Wenn Digital Inc at CES.
Eastman Kodak is saying that the Kashminer scheme, where investors could effectively rent Bitcoin mining hardware which would be located at Rochester NY, and use Kodak's on-site power station for cheap electricity, was never actually a licensee of the Kodak name. This is despite the hardware appearing on Kodak's stand at CES, bearing the company's name.
The company behind the Kashminer says that the US Securities and Exchanges Commission had prevented the scheme from going ahead
The Kashminer scheme was immediately ridiculed at the time, since its promised consistent rate of return would appear impossible, given the increasing difficultly of 'mining' that is inherent to Bitcoin.
The BBC is reporting that Spotlite - the company behind the Kashminer - says that the US Securities and Exchanges Commission (SEC) had prevented the scheme from going ahead. It says it is now looking to establish a Bitcoin mining system in Iceland.
|
|
|
|
|
Aug 15, 2018
|
Jul 5, 2018
|
Jun 17, 2018
|
Jun 14, 2018
|
App-based remote triggers are a fun and effective way to unlock even more creative potential from your camera. Here's a closer look at two popular brands.
Unlike most 360 cameras, the GoPro Fusion is designed to create both spherical and standard HD videos. If action/adventure is your game and your workflow is geared towards mobile and web, the Fusion may be the camera you’re looking for.
The Hasselblad X1D-50c is a mirrorless medium format camera from one of the most famous camera brands of the 20th century. Following a series of feature-enhancing firmware updates we've been able to complete our review.
The LG G7 ThinQ is a flagship device with a dual camera that departs from the norm: rather than the usual tele/wide combo, it offers wide and super-wide angle lenses. While it doesn't produce class-leading image quality, it's a solid option if you favor wide-angle shooting.
The Wandrd Prvke (pronounced 'provoke') is one of the best-looking and most functional camera backpacks on the market.
The instant camera market is heating up, and with four formats and 15+ cameras to choose from, we felt it was high time to examine them all and pick our favorite.
Whether you're hitting the beach in the Northern Hemisphere or the ski slopes in the Southern, a rugged compact camera makes a great companion. In this buying guide we've taken a look at seven current models and chosen our favorites.
What's the best camera for a parent? The best cameras for shooting kids and family must have fast autofocus, good low-light image quality and great video. In this buying guide we've rounded-up several great cameras for parents, and recommended the best.
What's the best camera for shooting landscapes? High resolution, weather-sealed bodies and wide dynamic range are all important. In this buying guide we've rounded-up several great cameras for shooting landscapes, and recommended the best.
What’s the best camera costing over $2000? The best high-end camera costing more than $2000 should have plenty of resolution, exceptional build quality, good 4K video capture and top-notch autofocus for advanced and professional users. In this buying guide we’ve rounded up all the current interchangeable lens cameras costing over $2000 and recommended the best.
Comments