PinoyTechBlog
  • Tech News
  • Reviews

PinoyTechBlog

  • Tech News
  • Reviews
BusinessTech News

CES 2018: Kodak Stock Soars After KodakCoin Crypto-currency Reveal

by James January 12, 2018
written by James January 12, 2018

CES 2018 saw Kodak reveal its plan to enter the crypto-currency system and mint its own crypto-currency, the KodakCoin.

Screenshot from Kodak website

As a consequence, shares in Eastman Kodak soared almost 120 percent after the reveal. According to official details, teh firm will team up with the Wenn Media Group to carry out the initial coin offering (ICO). Additionally, Kodak plans to install rows of Bitcoin mining rigs in its Rochester, New York base. Customers will pay up-front to rent mining capacity.

Besides this, though, Kodak also talked about Kodak KashMiner, another scheme aimed at getting into crypto-currency. While certainly news for the brand, Kodak isn’t the first company to see its value jump after unveiling blockchain-related activities. What does make this notable, though, is that Kodak traditionally doesn’t embrace future technology as fast as its competitors. Historically, it resisted adapting digital photography when the technology boomed in popularity.

Spotlite will run KashMiner itself, while the customer and the business will share any bitcoins generated by KashMiner. No efficiency worries from Kodak, either. After all, each of the mining rig boxes will apparently use up the same amount of electricity as a hairdryer that runs for a whole day. In addition, this scheme will take advantage of Kodak’s on-site power generating plant.

For more technology news and gadget reviews, follow us on Facebook, Twitter and Instagram
bitcoincryptocurrencyKashMinerKodakKodak KashMinerKodakCoinKodakOne
0 comment
0
FacebookTwitterGoogle +Pinterest
James

previous post
CES 2018: The 5 Strangest Devices Unveiled at the Event
next post
Samsung Galaxy S9 Will Debut at MWC 2018

You may also like

The Midas Touch Reinvents Cryptocurrency

October 15, 2018

Kodak Introduces the Old-School Kodak Ektra

October 22, 2016

Follow us!

Facebook Twitter Instagram Youtube

Instagram

No images found!
Try some other hashtag or username

Categories




Recent Posts

  • realme 10 Review

    December 11, 2022
  • realme 10 Unboxing and First Impressions

    November 8, 2022
  • Power Mac Center iPhone 14 Midnight Launch

    October 13, 2022
  • Beyond the Box and Digital Walker iPhone 14 Launch

    October 13, 2022

Follow Us

Facebook

Latest Videos



Subscribe!

Subscribe to our newsletter for the latest tech news and gadget reviews!

  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • Email
Footer Logo

@2018 - PinoyTechBlog. All Rights Reserved.