SiaCoin Bounties announcement

SiaCoin announces Sia Bounties for integrations with popular apps & platforms
20 July 2017   2583
SiaCoin

Is a cryptocurrency for the actively developed decentralized private cloud data storage service Sia

A decentralized cloud storage SiaCoin team has announced the beginning of an ongoing series of bounties, each between $1k and $10k, paid and denominated in Siacoin.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

As the company reports, Sia Bounties will allow them to reward the contributors for building integrations between Sia and popular apps and platforms. 

The funding come from a group of enthusiasts, quietly organized a “donor’s club” and remaining anonymous. 

A bounty will only be paid once to one submission and, unless specified otherwise, it will be paid to the first individual or team to meet ALL the criteria set out for the bounty. This may be changed in special cases for larger bounties, clarifies SiaCoin team. 

All projects have a time period where they are useful to the development and growth of Sia and likewise all bounties will have an expiration date. Submissions will not be accepted after the expiration date, unless the bounty is renewed. As reported, in the event of multiple submissions in the same time period, Sia and the Donors will evaluate each submission and serve as tiebreakers.

The first bounty is already there as SiaCoin team reports on its Twitter, Sia is offering 300,000 SiaCoin. 

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   143

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.