No, it shoudln't. The more people hear about bitcoin, the better.
RE: This should scare all BTC investors . . .
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This should scare all BTC investors . . .
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I agree with that sentiment, to a degree. There are right ways and wrong ways to get involved with crypto. This screams "Wrong Way!" in my opinion. The devil is in the details with this mining apparatus. First, you have to pay a $3,400 fee just to rent the machine for two years. Then, once the machine is mining, you have to split the proceeds fifty-fifty with Kodak's mining partner. That is regardless of the fact that you have to pay the full cost for electricity to run the machine, and we all know how much energy bitcoin miners can consume.
In addition, the projections they put out for user profitability assume a steady BTC price of $14,000 per coin. We all know that nothing about BTC pricing is constant. Further, the cost to mine each coin becomes more expensive and demanding for each new coin found.
Again, I am all for exposure and believe crypto has a strong future ahead. I just feel this is the wrong portal for introducing people to the system.
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