Kodak presents its own mining rig

Kodak clearly wants to demonstrate it means business when it comes to its intentions to enter the cryptocurrency market. A brand coin, a blockchain structure and now its own mining rig called Kodak KashMiner (with the K instead of C, probably for the title to look cooler).

According to the plans the company voiced at CES 2018 in Las Vegas, it intends to give access to these rigs for a rent of $3400 for two years, and 50% of bitcoins mined will go to Kodak, which for some miners and entrepreneurs might seem a really bad deal, but there are even more daring offerings on the market people still agree with - for example, pens worth thousands of dollars.

The mining rig market needs to grow, and Kodak’s efforts to prosper again might help some other companies to develop similar rigs with more beneficial terms of use.

Interestingly, Kodak is one of the most old world companies which entered the cryptocurrency market by far. This reminds of how Korean firms turning digital during the 20th century, for instance, Samsung began with selling rice and beer and only later focused on consumer electronics and computers.