John McAfee-led MGT Capital is Mining 90 Bitcoins a Month
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 surpassed, with the mining establishment churning 2.6 PetaHash in the 45 days since launch.
The investment firm stated:
At present difficulty level, the facility is mining over 90 Bitcoin per month with a value of $55,000.
This post was published at Crypto Coins News on 14/09/2016.