[2017-04-24] McAfee’s MGTI ‘Macpool’ Mines 100 BTC per Month

[TwoTimes]

MGT Capital Investments (MGTI), the company led by the former anti-virus tycoon John McAfee, has revealed the firm’s bitcoin mining revenue. In a recent Securities and Exchange Commission (SEC) annual report filing, the company claims to be one of the largest mining operations in the U.S. According to the SEC documents the firm is mining 100 bitcoins per month alongside developing a mining pool called “Macpool.”

“As part of its corporate efforts in secure technologies, MGTI is growing its capacity in mining bitcoin,” explains the company’s annual report to SEC. “The Company’s facility in WA state produces about 100 Bitcoins per month, ranking it as one of the largest U.S. based bitcoin miners. Further, MGT is in active discussions with potential financial partners to grow bitcoin output materially.”

Read More Here >>> https://news.bitcoin.com/mcafees-macpool-mines-100-btc-month/

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[Kprawn]

Doing about 3.33 bitcoins a day, is not a lot... if you consider that electricity and employee cost and cooling has to be deducted from this.

" MGTI’s annual filing details the company purchased over 400 mining devices from Bitmain Tech last year for its U.S. operation. " <-- They also

have to re-coop that investment... so they might be running at a loss. Doing 5.0 PH/s in one year... not bad at all.