ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Dec 16th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Led By John McAfee, MGT Capital Invests In Ethereum Mining Capability

By

Matthew

De Silva

WriterETHNews.com

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 cryptography.

The formation of the Enterprise Ethereum Alliance and the utility of executable distributed code contracts give promise to the Ethereum blockchain, MGT explained in its press release.

Apart from its mining division, MGT develops cybersecurity products under the direction of CEO John McAfee. Regarding the company’s most recent mining investment, McAfee said:

"We are more convinced each day of the growth and value of digital currencies, and our Company is uniquely positioned to be a leading provider of processing power to relevant blockchains. The addition of Ethereum and Ethereum Classic to our crypto mining strategies is expected to be very profitable for us."

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest John McAfee, MGT Capital or other Ethereum cryptocurrencies and tokens news.