MGT Capital Investments, Inc., dedicated to the financing and acquisition of computer security systems, announced that it would start mining ethers in the Ethereum blockchain, the second largest market capitalization platform and criptomoneda and a major rival to Bitcoin.
MGT Capital is chaired by John McAfee, creator of the well-known antivirus that bears his name. The objective of this incursion into the blockchain industry is to generate some capital gain, bearing in mind that the cryptomoneda fired its price by almost 4000% during the last months.
The program that drives them to the mining of this criptomoneda will be executed in alliance with Bit5ive LLC, having bought 60 graphic processors for mining, that will use cards of GPU of last generation, as well as CPU of Intel, that according to the press release are In capacity to share its processing between Ethereum (ETH) and Ethereum Classic (ETC).
In line with the strategy of other world-renowned companies that are opening their doors to criptomonedas and blockchain, MGT Capital affirms that as a company also supports the development of this technology:
We also believe that the formation of the Enterprise Ethereum Alliance - comprised of many of the world's leading technology companies - will lead to exciting new applications and guidelines for using the Ethereum blockchain, and all of that requires mining power to execute transactions.
MGT Capital Investments, Inc
The company has been making important moves to venture into the blockchain and mining industry, having announced last year that they would set up a mining center in Washington state. John McAfee took over the management of the company last year, which was in the video game industry, and became a security company.
In fact, McAfee recently told Bloomberg that its bitcoin investments would lift the company by the end of the year through significant monetary gains, reporting that it generated about $ 315,000 during the first 4 months of this year. Currently the company is operating at a loss, although it has had a revaluation of 42% in the stock markets in the last year.
However, the security expert reiterated his commitment to crypto-currencies, especially for the profitability of Ethereum and Ethereum Classic.
We also believe that the formation of the Enterprise Ethereum Alliance - comprised of many of the world's leading technology companies - will lead to exciting new applications and guidelines for using the Ethereum blockchain, and all of that requires mining power to execute transactions.
MGT Capital Investments, Inc
Estamos más que convencidos del crecimiento y valor de las monedas digitales, y nuestra compañía está posicionada de una manera única para ser un proveedor líder de poder de procesamiento para blockchains relevantes. Se espera que la inclusión de Ethereum y Ethereum Classic a nuestras estrategias de minería de criptomonedas sean muy rentables para nosotros.
John McAfee
Director, MGT Capital Investments, Inc
Source: https://coins.newbium.com/post/8745-john-mcafee-company-to-begin-mining-of-ethereum
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