Kodak will release mining equipment

Kodak and Spotlite are going to lease miners for rent
11 January 2018   841

The manufacturer of photographic equipment and supplies Kodak decided not to limit its presence in the field of cryptocurrency with the release of KODAKCoin. The company is preparing to enter the market of equipment for mining with the release of Kodak KashMiner. This reported by Business Insider.

Miner was represented at a technology show in Las Vegas. The license for the production of equipment under the Kodak brand was obtained by the Spotlite Energy Systems company in California.

Kodak Kash Miner
Kodak Kash Miner

Kodak and Spotlite intend to lease new miners for rent. From their future customers, they require signing a two-year contract and paying $ 3,400.

According to Spotlite and Kodak, the miner will bring tenants $ 375 per month. Thus, the expected profitability for the entire duration of the contract is $ 9,000.

Kodak attracted the attention of critics by its latest actions, stating that the company seeks a short-term increase in the price of its shares only a few years after the official bankruptcy.

If Kodak was really going to follow this path, then it's plan worked: at the time of publication, Kodak shares traded near $ 11, according to MarketWatch information, having started the week near the $ 3 mark.

Kodak Share's Price
Kodak Shares Price

Curiously, Kodak equipment looks similar to the S9 miner of the Chinese manufacturer Bitmain.

Representative Spotlite in a conversation with the BBC said that of those wishing to take advantage of the offer of the company has already gathered a line.

GMO Internet to Release 7nm Bitcoin Miner

Mass production is planned to begin on June 6;  shipment starting by the end of October
24 May 2018   150

Japanese IT-company GMO Internet intends to release the world's first devices for bitcoin mining based on 7-nm chips before the end of this year. This is reported by Coindesk.

The company will start production of the new B2 miner on June 6, and its deliveries will begin in late October.

The announcement was made after several months of research and development of technology for the future device. Company reported on its plans to develop ASIC miner last September. It is expected that the device will be able to provide greater computing power with less electricity, but more detailed information will be provided along with the official announcement in June.

In addition to selling B2 to other miners, GMO Internet plans to install new devices on its own farms. Last year, the company allocated $ 90 million to develop its own business in this area.