Making a ton of money
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Agreed,
I actually think they will bounce any day and be right back to over 2 dollars with us at MGTI.
This is the year for cryptocurrency stocks. Were all winners here in this genre.
GL!
Have a nice day!
Well, we have successfully passed our competitor BITCF
As always, MGTI runs at the EOD!!!! New HOD. Weeee
Anndd here it issss WEEEEEE!
Simple, Largest Bitcoin mine operation in the US. And in todays PR they are adding 650 more s9 antminers! Thats another $4m a year.
Don't forget! Macafee on CNBC today at 5:30! Should be an interesting power hour here today.
GLTA!
Number 7 on Breakout board!
My numbers are correct. They are a rough estimation but they are on track. I never said 9100 bitcoins, I said 9100 TH/s is what they added with their machines. If you convert that with the current difficulty/reward rate, my numbers are accurate. If you are saying otherwise then you are also saying that every single crypto calculator out there is wrong.
Current difficulty can be found here https://bitcoinwisdom.com/bitcoin/difficulty
In todays PR they said they have mined 1000 bitcoins. Heres the math,
Current price of bitcoin $4452 * 1000 = 4,452,000
So with their current process of mining they are already at 4 million dollars.
Today they said that they added 650 bitmain s9 mining rigs.
Today, MGT announced the deployment of 650 new Bitmain S9 Bitcoin mining rigs.
Their last PR that was released on August 8th, 2017, stated that they were currently mining at 5.0 PH/s.
Currently at 5.0 PH/s, the Company's facility in WA state produces about 80 Bitcoins per month, ranking it as one of the largest U.S. based Bitcoin miners.
Edited your message?
They are working to get to 18 which has not done yet but should be done in the near future.
MGT is currently in the process of deploying additional hashing power at facilities in Washington state to bring production to 18.0 PH/s.
They also released their hashrate in their bitcoin mine which if you do the math per month they are pulling in hundreds of millions! Since bitcoin getting only bigger, it should be excellent news for longs. 1 dollar now in bitcoin could be 2 dollars in bitcoin here soon.
Dear god, a monster just awoke! Those numbers are HUGE. And cryptocurrency is only going up.
Glad to be here!
With MGTI have the largest bitcoin mine in the USA, I would have to disagree. Cryptocurrency is only going up from here, with bitcoin leading the pack. For this stock to go down, it would be a gift imo.
"I am back where I belong: Out of the weeds and focusing on the biggest issues facing the industry and the world. The true test of any leader is his ability to put the best people in the right jobs, and as a very large stakeholder in MGT, I am very confident in Steve's abilities to make us all money."
NEWS OUT!
MGT Capital Announces Corporate Reorganization
Plans to Uplist Shares to OTCQB
PR Newswire
DURHAM, N.C. , Aug. 16, 2017
DURHAM, N.C. , Aug. 16, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today a corporate restructuring designed to better compete and align resources in the fast-growing Cryptocurrency and Cybersecurity fields.
In conjunction with this reorganization, the Company has appointed Stephen Schaeffer as President of MGT Crypto- Capital Strategies. Under Mr. Schaeffer's oversight, the Company has been operating an institutional bitcoin mining platform for the past year. MGT is currently in the process of deploying additional hashing power at facilities in Washington state to bring production to 18.0 PH/s. In addition to his time with MGT, he traces his knowledge and experience to the early days of bitcoin. Mr. Schaeffer stated, "It is abundantly clear from our results that, efficiently executed, Bitcoin mining is very profitable. Having established MGT as a pre-eminent miner in North America , I look forward to leading our team as we execute our expansion to the next level across the full spectrum of crypto assets."
John McAfee , currently MGT's Executive Chairman and CEO, has been appointed Chief Cybersecurity Visionary of MGT. In his new role, Mr. McAfee will continue to maximize his value to the Company as an industry thought leader and spokesman. Additionally, he will oversee the design and engineering of current and future cybersecurity platforms. Mr. McAfee stated, "I am back where I belong: Out of the weeds and focusing on the biggest issues facing the industry and the world. The true test of any leader is his ability to put the best people in the right jobs, and as a very large stakeholder in MGT, I am very confident in Steve's abilities to make us all money."
The board of directors has further determined that Robert Ladd , President of the Company, will reassume the role of Chief Executive Officer, and that H. Robert Holmes , a long time independent director, will reassume the position of Chairman of the Board. With Mr. McAfee's direction, Mr. Ladd will also oversee the rollout of the Company's Sentinel product as well as the continued development of its Privacy Phone.
Separately, the Company has applied with OTC Markets to uplist to its OTCQB tier.
About MGT Capital Investments, Inc.
With facilities in WA state, MGT Capital Investments, Inc. (OTC: MGTI) ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to focus on an expansion model to grow its crypto assets materially.
The Company is also developing a portfolio of cyber security technologies, with industry pioneer John McAfee as its visionary leader, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company's first product, Sentinel, an enterprise class network intrusion detector, is currently in beta testing, with commercial released anticipated by the end of September 2017 . The Company also has entered into a joint venture with Nordic IT to develop and market a mobile phone with extensive privacy and anti-hacking features. The Privacy Phone has a tentative release date of February 2018 .
For more information on the Company, please visit: http://ir.stockpr.com/mgtci
Forward--looking Statements
This press release contains forward--looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward--looking statements." All information set forth in this news release, except historical and factual information, represents forward--looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward--looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward--looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission .
Investor and Media Contact
Grace Livingston
glivingston@mgtci.com
919.973.0954
View original content with multimedia:http://www.prnewswire.com/news-releases/mgt-capital-announces-corporate- reorganization-300505550.html
SOURCE MGT Capital Investments, Inc.
/Web site: http://www.mgtci.com
(END) Dow Jones Newswires
08-16-17 1515ET
More like right now. 6 cents away!!!
Here we go with another eod run! MGTI loves to do save the best for last. Bitcoin broke 4300. Could pass high of week here
BTC approaching $4300. Should be over $2 any day now!
It's only going to grown from here. Congrats! 2 dollars by tomorrow easy.
Wow what an ending!! Tomorrow is going to be so much fun!
Look at our competitor BITCF. It is currently at 2.27 and going up. MGTI has real products and is undervalued when comparing the two. My guess is that at any time now we take off and surpass BITCF. Good luck to all!
Great post, should be sticked!
Oh man if true, that would truly be a gift!
Not much longer in the .16s, RSI is oversold. Technical bounce here we come!
Lets just think back to when we were first given the August 10th deadline. The price slowly increased. Some red days but more green days than red.
Now we are provided with the same situation as we were last time. However this time Steve even said himself that he is now 99.99% sure that the merger will complete this month.
Reservations, contracts and deployments (ie biz fundamentals) the big news... Merger 99.99% expected this month... We've been busy!
Why is this thing running so hard?
The PR said the merger would be closed before the 10th. My take on it is that they did close today but they never said they would announce it today. I'd expect to see a pr announcing the close either tomorrow premarket at 9am like they always do or at latest next week on Monday premarket. GLTA!
I live in the USA, and it's still 4pm, but I can assure you that I will also have a hard time sleeping tonight haha. Good luck to you!
Congrats to everyone who stayed, we could have an exciting night tonight.
I believe in the pr they said before the 10th. Also that was a prediction by the company only two days ago so I'm sure it's pretty accurate. It's not like it was said a month ago where a lot can happen in a month. I expect it to come out later today. Glta! Don't miss the ride!
Agreed first things first. We must take on one thing at a time. As per CEO, the merger is not complete until its complete. So let's see how this pans out. Go omvs!
Lmao there is no way in this world I would have sold before news like that, just a thought. Guess we will see if it happens or not Monday or Tuesday. Cheers to everyone and congrats!
Slight pullback may happen Monday and Tuesday but just in time to give this beast plenty of room to run.
Love these end of day runs.
You are totally right there.
Yikes. Let me just start off by saying I have been following this board for weeks now. I saw so much potential here and was about to add more to my pile. However as of 8/3/17, youtube just released YouTube TV. It is the same exact price, all of the mainstream channels, and they already have all of the clientele to shut someone like viva down. Ya sure viva could still make some progress, but with a competitor as big as youtube, they are going to have a real hard time. Unless viva is able to offer something that youtube does not (package wise), I dont know how much more they could go. One advantage viva does have though is that they provide more channels, so thats good.
Anyways, interested to see how this plays out.
Awesome thanks! But now how did you find that, it's literally no where to be found on their website
You know what does not make sense to me, why is it so hard to sign up with them? I currently can not find he signup page that I found the first time. You would think that it would be displayed everywhere but it's not. Can someone direct me to the correct location
I literally just did the same thing today. That 220 a month was killing us. Does the subscription come with 1 box or do you have to buy all of them?