KashMiner, manufacturer of Kodak brand bitcoins, closes the shop after the intervention of the SEC

The miner was sold by Spotlite USA, a distributor of LED and lighting products, and notably holds licenses to use the Kodak brand for its commercial use.

In January 2018, the KashMiner debuted at the CES Technology Show in Las Vegas in front of a crowd of flawless industry watchers. The company's representatives claimed that profits were stable by bitcoin at the time, with figures of $ 375 per month.

Spotlite told visitors that the miner was available at $ 3,400 with a two-year warranty. profits. The price of the sticker of the minor was not mentioned, and it is not clear if the sale of the platforms was in the plans of Spotlite.

However, the company did not address issues related to electricity rates, bitcoin exchange rates and the increasing difficulty of mining that could hinder their enterprising calculations. 19659005] Critics eagerly evoked the company's dubious business, noting that "unrealistic and deceptive" profits were nothing more than a scam. , the writer David Gerard calling it "craziness of cryptocurrency". "

Kodak has since confirmed that the KashMiner was an unlicensed entity, with no operating system " installed anywhere in their premises. "

Moving to Iceland after the breakup

At CES, Spotlite General Manager Halston Mikail unveiled plans to install" hundreds of devices "at Kodak's New York headquarters, mainly to take advantage of the region's cheap food, eighty miners were already in business and made no further comment on the nature of their success or the testimonials of their customers

However, according to Mikail, the Securities and Exchange Commission (SEC) intervened in the company's plans and closed the illegal regime.

Now, Spotlite will exploit its private bitcoin operations in Iceland – an upcoming location for bitcoin miners for its cool climate, its cheap electricity costs and no rent model yet offered to citizens.

Meanwhile, the offer of Kodak's digital chips continues to gain momentum. Titan's attempt at photography to enter the cryptocurrency market in January 2018 seems to be paying off as celebrities and sports stadiums embrace the blockchain-based photo-sharing service. ledger to provide proof of ownership, as reported by CryptoSlate .