Blockchain-Expo
Ethereum

John McAfee moves into Ethereum mining

John McAfee ethereum mining
(C) iStock.com/ByoungJoo

MGT Capital Investments, Inc, the company run by John McAfee, has announced that it is to begin mining Ethereum.

In a press release, the company stated that it has purchased 60 mining computers from Bit5ive LLC. These computers will use their cutting edge GPU and Intel CPUs to divide the has rate between Ethereum and Ethereum Classic.

The bitcoin rival has begun attracting serious attention from the financial world after it surged almost 4,000% this year.

Grayscale investments, for example, recently announced a Classic Ether Trust.

In an interview with ETH News, company president Robert Ladd indicated that the company is interested in mining other cyrptocurrencies such as Zcash.

Commenting on the announcement, 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.”

 

Interested in hearing leading global brands discuss subjects like this in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top

We are using cookies on our website

We use cookies to personalise content and ads, to provide social media features, and to analyse our traffic. Please confirm if you accept our tracking cookies. You are free to decline the tracking so you can continue to visit our website without any data sent to third-party services. All personal data can be deleted by visiting the Contact Us > Privacy Tools area of the website.