Samsung built mining farm with old Galaxy S5

Subdivision of the South Korean giant Samsung, introduced a cryptocurrency export unit consisting of 40 old Galaxy S5
30 October 2017   1623

A team of engineers from C-Lab, a subdivision of the South Korean giant Samsung, introduced a cryptocurrency export unit consisting of 40 old Galaxy S5 as part of the program for processing old smartphones called “Upcycling”. This is written by Motherboard. 

Galaxy S5 mining farm
Galaxy S5 mining farm

Engineers combined forty old Galaxy S5 smartphones and created for them an operating system optimized for the crypto currency mining. According to the developers, eight smartphones can work with much greater energy efficiency than a pc with medium performance characteristics.

Samsung Galaxy S5 mining farm
Samsung Galaxy S5 mining farm

Mining farm was presented at a developer conference in San Francisco. In the future, C-Lab plans to release free software that will "unlock the potential of older devices" even better.

'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.