Einsteinium Hard Fork implemented

The hard fork of Einsteinium cryptocurrency aimed at the reduction of supply occured at 14:50 Central Time on December 10
10 December 2017   1155

Einsteinium is a cryptocurrency of Einsteinium Foundation, which has a mission to raise funds for scientific research and their mining tax creates a pool of funds that provide grants to deserving applicants.

Einsteinium EMC2 hard fork occured on block 1699157 at 14:50 Central Time on December 10. The hard fork is an updated code with a lower supply of 55 Mln burn. According to the EMC2 Hard Fork Countdown website, the hard fork was successfully implemented.

Einsteinium hard fork countdownEinsteinium Hard Fork Countdown

As it was stated on the official website of the coin, exchanges such as Poloniex, Bittrex and others support the EMC2 fork, and are now running new nodes (wallet version 0.13.48.0 - Excalibur). 

Einsteinium cryptocurrency itself has shown a skyrocketing tendency connected with the implementation of the hard fork having risen 166% within past 7 days moving to the 32 place in the list of cryptocurrencies ranked by market capitalisation. The price of the coin rose from $0,8 on December 5 to $1,8 on December 12, while the market capitalisation rose from $190 million to $430 million within past 7 days.

Einsteinium chartsEinsteinium Charts

At the moment of press, these are main market parameters of Einsteinium:

  • Average price: $1.91
  • Marketcap: $413 567 545
  • 24h volume: $131 707 000

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.