Monday, June 12, 2017 9:33:20 AM
https://bitcoinwisdom.com/bitcoin/difficulty
Notice on the 9 month chart in January when the price of bitcoin began its monumental run how the rate of increase in difficulty jumped as more and more miners invested in capacity. Then notice the ballistic increase in difficulty in May as the price of bitcoin skyrocketed and made huge increases in mining capacity a no-brainer.
If the current rate of increase in difficulty continues, by the time MGTI reports on the results of its July 2017 increase to 18 Petahash capacity (the 10Q should be out by Nov 2017), the estimated revenues could be less than half than what was initially reported, if not more.
Don't expect stock price for MGTI to go up a whole lot unless even more mining capacity is announced.
Recent MGTI News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:19:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 06:17:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 06:21:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/29/2023 05:15:26 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 01:30:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/13/2023 04:29:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 05:27:02 PM
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