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In January, a Bitcoin mining computer bearing the name of Kodak KashMiner was on display at the official Kodak booth at the CES Technology Show in Las Vegas.
But critics have described it as "scam" and have stated that the profits announced were unworkable and misleading.
Now the company behind the plan says that it will not go forward. Kodak told the BBC that he was never officially allowed.
What was the plan?
Spotlite USA is one of many companies that authorizes the Kodak brand to put its own products.
The computer labeled Kodak KashMiner in January and told the BBC that he was planning to let people rent the machines.
To extract cryptocurrency, computers are responsible for solving complex mathematical problems in order to verify cryptocurrency transactions. Prospectors are rewarded with bitcoins for their efforts.
Spotlite predicted that people pay an initial fee of about $ 3,400 (£ 2,500) to rent a KashMiner and that customers retain a reduction in the bitcoins generated. [19659003] Its general manager, Halston Mikail, detailed the installation plans of hundreds of devices at Kodak's headquarters in Rochester, New York, in order to take advantage of the cheap electricity offered by a power station on site.
80 aircraft were already in service.
Spotlite CEO Halston Mikail
But Kodak told the BBC that the company had never been officially fired and that no device had ever been installed.
"Unrealistic" Plans
In its promotional material, Spotlite However, critics said that the promised profits did not take into account the fact that the extraction of Bitcoin was becoming more and more difficult.
Writer and skeptic David Gerard called it a "craze for cryptocurrency," suggesting that the system never went past its unfinished website
[19659002] The Kodak HashPower website was unfinished
"Your minor magician Kodak will never be able to do the same thing every month," wrote economist Saifedean Ammous, who pointed out that anyone who gambled would have made a loss on their investment.
In a phone call with the BBC, Halston Mikail of Spotlite said that US securities He said the company would operate its mining privately with equipment installed in Iceland, instead of leasing capacity to consumers.
A spokesman for Kodak told the Commission. BBC: "While you have seen units at CES from our Spotlite licensee, the KashMiner is not a Kodak brand licensed product.The units have not been installed at our head office." [19659018]
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