Home The Bitcoin News John McAfee-led Bitcoin Mining Operation Aims to Scale 5 PetaHash in 2016

John McAfee-led Bitcoin Mining Operation Aims to Scale 5 PetaHash in 2016

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MGT Capital Investments, a John McAfee-led investment organisation that owns operates a bitcoin mining trickery in Washington has begun “Phase Two” of a mining operations, that sees a idea to enhance a estimate energy to some-more than 5 PetaHash this year.

New York-based MGT Capital has begun what it calls as “Phase Two” of a bitcoin mining operation in executive Washington, a plcae selected for a vicinity to low-cost hydroelectric power. As a miner turns adult a dial, it expects a estimate energy to surpass 5 PetaHash by a finish of 2016.

In comments, CEO and executive Chairman John McAfee stated:

The money upsurge event in a Bitcoin marketplace provides extensive financial advantage to a operations and change sheet.

The bitcoin mining operation was announced in Jul 2016 by MGT Capital after a association had roped in dual distinguished names in a bitcoin space, in bitcoin attention executive Erik Voorhees


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