John McAfee-Led Company To Launch Hydro-Powered Bitcoin Mining Operation
The pricing environment of bitcoin and other digital assets, along with 16 nanometer ASIC chips, creates an opportunity to secure excellent profit margins.
MGT has already tested a 100 Tera-Hash operation which has allowed it to optimize production software. The test has also given the company experience to build out and manage a profitable mining operation.
Robert Collazo, who brings proven skills in maximizing profit margins after leading several buildouts since bitcoin’s inception, has been named to lead the venture.
Having an in-house mining operation gives MGT Capital the processing capabilities for numerous blockchain technologies that are emerging. The company can redirect its mining equipment to tasks beyond the blockchain as the demand grows for transaction processing.
This post was published at Crypto Coins News on 02/07/2016.