The Bitcoin mining machine scam is to make money by renting or selling mining machines.

The so-called "mining machine" refers to a computer that installs and runs specific software and algorithms. As we all know, Bitcoin can only be obtained by running an algorithm on a computer for a long time, and the total amount is limited. Therefore, some manufacturers have launched specially designed and optimized computer products, called "mining machines."

In January 2018, at the International Consumer Electronics Show in Las Vegas, the United States, a mining computer called "Kodak KashMiner" appeared at the venue, attracting people's attention. However, critics now point out that the mining machine plan is actually a scam, and the profit promotion is also false.

According to reports, the company behind this product is "Spotlite American Company". This company, like many other companies, has applied for trademark authorization from Kodak and can use it for various products developed by itself. . The company launched the above-mentioned mining machine and said it would provide rental services to the general public. Leasing users first need to pay a one-time payment of approximately US$3,400, and they will receive a share of Bitcoin in the future.

The company’s CEO Halston Mikail has said that he plans to install hundreds of mining machines at Kodak’s headquarters in New York State in the United States to take advantage of the local cheap power supply. He also said that the company has installed and operated 80 mining machines.

In relevant marketing materials, Spotlite claims that after a one-time investment of US$3,400, people can get a monthly return of US$375 during the two-year lease period. However, critics point out that the company's return on investment does not take into account the fact that as the number of Bitcoins decreases, it will become increasingly difficult to "successfully mine" Bitcoin. Critic David Gerard said that the above-mentioned investment plan is actually a scam, and there is nothing except a website that has not yet been completed.

Notes:

1. The configuration of an ordinary home computer for Bitcoin cannot meet the requirements of a Bitcoin mining machine, and it is difficult to earn back the electricity cost of mining for a day.

2. If you must use a Bitcoin mining machine to mine coins, it is recommended to choose a reliable and legal platform to achieve a more stable outcome. If you mine on a legal platform, your profits will be visible every day, and you can withdraw cash when you reach a certain amount.