McAfee’s MGT Goes Into Bitcoin Mining, With Massive Amount of Hardware - page 2.

gentlemand

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Quote from: shinratensei_ on October 09, 2016, 07:44:03 PM

That's not a net profit, right? I don't think it's already cut by a various factor is needed for do a mining activities like your said.

No. It's purely the amount of coins they've mined so far. I seriously doubt they'd be in profit just on running costs, let alone initial outlay, but I'm sure they're better qualified to price it up than I am.

shinratensei_

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Quote from: gentlemand on October 09, 2016, 04:36:15 PM

I do not get what they're trying to do. $50,000 probably doesn't cover their PR bill, let alone electricity, equipment and premises. They must know something the rest of us don't.

That's not a net profit, right? I don't think it's already cut by a various factor is needed for do a mining activities like your said.

gentlemand

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Quote from: countryfree on October 09, 2016, 06:21:44 PM

When did they start?
If they're making more than 50 BTC per month, I say it's good.

The article says late June, but I'm not sure whether that was the actual turning on of the machines. And it's $50,000 to date, not per month.

countryfree

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When did they start?
If they're making more than 50 BTC per month, I say it's good. I wonder how much they invested. If they think long term, and don't have the need to sell fast what they're making, they will be successful.
I would be happy to do the same thing, but you need serious money to become a miner nowadays.

gentlemand

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I do not get what they're trying to do. $50,000 probably doesn't cover their PR bill, let alone electricity, equipment and premises. They must know something the rest of us don't.

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Quote from: OmegaStarScream on October 09, 2016, 03:01:47 PM

To date, MGT has mined over 90 Bitcoins so far, at $611 each. At this exchange rate, MGT has earned over $50,000 in mining revenue and is continuing its mining operations. Now, MGT is beginning Phase Two of its mining plans and hopes to reach 5 PetaHash of mining power by the end of 2016’s fourth quarter.

I'm not that much into mining so I can't say for sure how big is 5 PetaHash but I consider it as a good thing , that way , chinese mining farms will have less control on the market.

source : https://cointelegraph.com/news/mcafees-mgt-goes-into-bitcoin-mining-with-massive-amount-of-hardware

That's not a bad mining power, however it is still peanuts compared to the rest of the network. I don't know how long they've been going at it, but regardless of however long it has been as long as their at least getting a net positive return on their work so far I don't think they'll stop.

5 PH/s, as I said, is ehh.

Meuh6879

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ooooh, it's cute.
5PH/s.

Reality : https://bitcointalksearch.org/topic/m.16504656

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To date, MGT has mined over 90 Bitcoins so far, at $611 each. At this exchange rate, MGT has earned over $50,000 in mining revenue and is continuing its mining operations. Now, MGT is beginning Phase Two of its mining plans and hopes to reach 5 PetaHash of mining power by the end of 2016’s fourth quarter.

I'm not that much into mining so I can't say for sure how big is 5 PetaHash but I consider it as a good thing , that way , chinese mining farms will have less control on the market.

source : https://cointelegraph.com/news/mcafees-mgt-goes-into-bitcoin-mining-with-massive-amount-of-hardware

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