John McAfee-Led Company To Launch Hydro-Powered Bitcoin Mining Operation
MGT Capital Investments, which is seeking to diversify its portfolio of cyber technologies, has secured a location in central Washington to launch a bitcoin mining operation. The company has secured a location with low-cost hydro power to establish a facility to generate more than two PetaHash in processing power. The facility will be completely operational by Aug. 1, the company noted in a press release, and can expand to nearly 10 PetaHash. MGT Capital believes it can become a domestic leader in cryptocurrency mining. MGT Capital is led by John McAfee, who is considered a cyber security....
Related News
Having accessing to affordable electricity is a critical factor for any bitcoin mining operation. John McAfee and Bitcoin seem to be entwined at this point in history. Ever since launching his massive bitcoin mining operation through MGT Capital Investments Inc, things have been going well. So much even that his operation is producing bitcoins ahead of schedule. A positive note that shows mining cryptocurrency remains a profitable business assuming one has the necessary knowledge. As is the case with any Bitcoin mining operation, specific targets have to be reached. Investing in hardware,....
MGT Capital Investments, the John McAfee-led investment firm that owns operates a bitcoin mining facility in Washington has begun “Phase Two” of its mining operations, which sees a goal to expand its processing power to more than five PetaHash this year. New York-based MGT Capital has begun what it calls as “Phase Two” of its bitcoin mining operation in central Washington, a location chosen for its proximity to low-cost hydroelectric power. As the miner turns up the dial, it expects its processing power to exceed five PetaHash by the end of 2016. In comments, CEO and executive Chairman....
MGT Capital Investments Inc first announced its debut into the Bitcoin mining business in late June and has reported its mining rewards for Phase One. The Bitcoin operation started when John McAfee, creator of McAfee Antivirus, took over the MGT earlier this year and has steered the company into Bitcoin and Blockchain technology. Marco Streng, CEO of Genesis Mining, spoke to Cointelegraph about MGT’s Bitcoin mining operations: “We appreciate the efforts of MGT going into mining and think it is good for the industry. Since 10 PHs is still a relatively small size operation the direct effect....
MGT Capital Investments, Inc. has just revealed that John McAfee will speak at Bitcoin.com’s upcoming Blockchain: Money Conference in London. McAfee is a big supporter of cryptocurrency solutions and distributed ledger technology. MGT Capital Investments John McAfee to Speak at Blockchain: Money London. On November 6-7, Bitcoin.com is engaging in a....
MGT Capital Investments, a New York-based investment firm led by John McAfee that recently began a bitcoin mining operation in Washington has announced a full capacity production output of 2.6 PetaHash during the first phase of its operation. MGT Capital revealed the completion of the first phase of its operations at its bitcoin mining facility in Washington. Announced in early July 2016, the mining facility was established near a low-cost hydropower station and was expected to generate over 2 PetaHash in processing power soon after operations began on August 1, 2016. That number has been....