If you thought Kodak news couldn’t get any stranger following the company’s debut of a “photo-centric cryptocurrency” called KODAKCoin earlier this week… you were wrong. In a further attempt to cash in on the cryptocurrency mania currently spreading across the world, Kodak has debuted its own bitcoin mining machine at CES.
The bitcoin miner is called the Kodak KashMiner, and you can rent it for just $3,400 and a share the profits you make mining bitcoin for the next 2 years.
We’ll give you a moment to let the absurdity of those last few sentences soak in before we attempt to put this madness in context.
Ready to move on? Okay.
First of all, here is the Kodak KashMiner in the flesh at CES 2018:
🎶 Ohh, I’m gonna getcha with the Kodak KashMiner 🎶 pic.twitter.com/IX5zy5vtCf
— Jeremi M Gosney (@jmgosney) January 10, 2018
— Angry Albert (@Angry_Albert) January 10, 2018
The deal, according to the pictures of Kodak’s pamphlet about the KashMiner, is that you can rent the machine on a 2-year contract for $3,400. From there, contends Kodak—who clearly know their stuff, having been publically interested in cryptocurrency for a full 48 hours now—you will earn approximately $750 per month, half of which you get to keep while the other half goes to a company called Spotlite Energy Systems in California.
At that rate ($375 per month), you’ll make $9,000 in 24 months, or approximately $5,600 in profit.
There’s just one problem with that line of thinking. Okay, actually, there are a few, as many people with actual cryptocurrency → continue…