The owner fo McAfee Virus protection is getting into the mining business!
MGT Capital Investments, Inc. (MGT) announced its purchase of 60 mining computers from Bit5ive LLC. MGT will expand its mining efforts to include Ethereum and Ethereum Classic
On June 23, 2017, MGT Capital Investments announced an agreement to purchase 60 mining computers from Bit5ive allowing it to join in on the Ethereum mining hubbub.
MGT President Robert Ladd spoke with ETHNews about the investment. He explained that, historically, MGT has focused on bitcoin mining, and that is the company’s first foray into Ethereum. While MGT might be a little late to the Ether party, mining remains a very profitable undertaking, said Ladd. The company optimizes its mining operations based on the fluctuations in virtual currency prices. At present, MGT has 18 PetaHash of mining power overall. The company is also interested in mining additional cryptocurrencies including Zcash, a virtual currency that utilizes zero-knowledge cryptograph
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