A promotional flyer
promoting Kodak’s new KashMiner bitcoin miner
Matt Weinberger/Business Insider Another day, another unusual company taking the dive into the
cryptocurrency space. Kodak, the once-iconic camera company, is licensing its brand to
Spotlite, which builds computers specifically designed to mine
bitcoin, for a new line of bitcoin mining machines.
companies plan to rent use of the machines to the public for
thousands of dollars. On Tuesday, at Kodak’s booth at CES, the tech industry trade show
going on in Las Vegas, representatives of the company handed out
flyers to promote the arrangement and the new mining computer,
dubbed the Kodak KashMiner.
Kodak and Spotlite are asking potential customers to sign a
two-year deal and pay $3,400 upfront to rent the mining machines,
which are used to support the bitcoin network and create new
bitcoins. As part of the agreement, Spotlite gets to keep half of
all proceeds the machines generate by mining bitcoin.
Spotlite and Kodak estimate customers will earn $375 a month —
making $9,000 overall over the two-year rental period. A Kodak representative did not immediately respond to Business
Insider’s request for comment about the arrangement.
The inside of the
promotional flyer for Kodak KashMiner detailing the terms of
Kodak’s deal. Matt Weinberger/Business
Insider But some Twitter users harshly criticized the new service on the
social network. Read more from businessinsider.com…
thumbnail courtesy of businessinsider.com