Bitcoin mining Rig Scam - KODAK KashMiner - shuttered By SEC

The developer behin Kodak-branded BITCOIN mining equipment has officially postponed the operation and denied ties to Kodak company.

KashMiner, A bitcoin mining equipment , was sent legal notice for showcased at CES January 2018 by the Company named Spotlite USA, claimed to be a lincensee of the Kodak brand.
Previously Spotlite stated that they were offering for two -year leases on their machine which will cost nearly equal to $3,400 to rent and customer were assured that the miner would bring in a monthly revenue approx $375 worth of Bitcoins. i.e nearly equal to $9,000 during these two years.
The company also stated that 80 percent of theve devices were already in operation with plans to increase the operations multifold in near futures....
Industry expert were quick to criticize the scheme - they also stated that monthly returns were misleading even breakeven point generation can be very difficult on their investment. At that same time it came into light that these machine is simply a Bitmain Produced S9 Antminer Machine Having Kodak branding.

The Website of that particular advertised miner has been taken don down. But kodak denied whole things even they denied connection wiht Spotlite USA and KashMiner - with Statement given that they have not officially licensed their brand to Spotlite nor they had installed those miners at their HO.

In statement given to BBC , Halston Mikail has stated that US security and Exchange Commision - SEC has prevented their operation from on going any further notice. Adding that They will install their own mining equipment in Iceland, where users can rent them privately for mining crypto currencies.

This type scam to scam to customer should be prevented....

what do you think steemian community?? , please share your opinion regarding this tye of scam-- mining equipment business should be transparent or not??
Don't forget to share your opinin....

Note- Preparing these article , content has been taken from various online sources...

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