MGT Capital increases capacity

The John McAfee led technology and bitcoin mining company presents an update for cryptocurrency operations
17 October 2017   1042

MGT Capital Investments aspires to confirm its claim of being the largest Bitcoin miner in the U.S. by increasing the number of mining machines to 4,700 units and getting 50 graphics processor-based mining computers to mine Ethereum and Ethereum Classic. The company uses Bitman Technologies S9 Antimer rigs which generate potential hash power of 60 Ph/s.

Maintaining Bitcoin mining operations MGTI expects to gain $2.0 million monthly, although considering spendings for electricity, profit sharing and management fees the ultimate amount is expected to be $1.1 million per month. Thus, the annual amount is to be $25 million and earnings before interest, taxes, depreciation and amortization of $13 million which are far more than current corporate capital requirements.

We have been running at breakneck speed to achieve a substantial expansion of our Bitcoin mining footprint, and it’s time for a comprehensive summary.
 

Stephen Schaeffer

President of business unit, Crypto-Capital Strategies Company

The company expects to put all the rigs into operating in the first quarter of 2018.

eToro to List TRON

Tron became the 15th asset available at eToro; it can be purchased through various payment systems
25 March 2019   64

The eToro social investment platform, with more than 10 million users, has added support for Tron cryptocurrency (TRX).

The news of this, in particular, was shared by the founder of the TRON Foundation, Justin Sun.

According to him, Tron became the 15th asset available at eToro. The digital asset can be purchased through various payment systems, including Visa, MasterCard, UnionPay, Webmoney, PayPal, Yandex.Money, etc.

The eToro blog says that TRX also supports the CryptoPortfolio service, which allows investors to create diversified portfolios in one click.

In addition to Tron cryptocurrency on eToro, Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, Binance Coin (BNB) and ZCash are available.