The crypto-mining scheme sponsored by Kodak has been officially canceled, following reports that it would be a "scam". Launched in January under the subsidiary of Kodak Spotlife USA, Bitcoin's mining machine called 'Kashminer' was initially shown at the CES Tech Show in Las Vegas, but most of the attention it received was negative, as the community questioned its Potential earnings announced.
Also, according to a report from the BBC today, the company has decided to officially cancel this mining scheme, with the CEO of the company Halston Mikail commenting that the SEC has prohibited it from continuing to operate.
Mikail told the BBC that the company would continue its private mining operations in Iceland, while Kodak denies any involvement with the issue. "While the units came from our Spotlite subsidiary, the Kashminer is not an officially licensed Kodak product. The units were not installed in our barracks. "
Spotlite announced that customers could rent a Kashminer for an upfront fee of US $ 3,400; with the promise of up to 50% of the profits of the Bitcoins mined by the machine.
At the time, this promise was seen by many enthusiasts of the crypto world as a flake, with critics stating that the company would not have taken into account the growing difficulty of Bitcoin mining.
In the midst of the complication of cryptocurrency mining and an increasingly unattractive process of what might seem at first, many members of the community applaud the cancellation of what to them was a dubious capitalization of the investors' naiveté.