MGT Capital Investments Inc. (MGTI)

[Imperial Whazoo]

I've been viewing all kinds of articles and youtube videos for the last two weeks & I recall (but did not think to bookmark, unfortunately) an article that noted that the vast majority of mining in bitcoin is now concentrated in something like 12 miners worldwide. The key factors are cost of electricity, believe it or not.

So, I was extremely interested when the two McAfee related ICOs were announced with those two guys (www.mcafeecoin.com) who are rich guys from the Asia area (I've not been able to chase down what their country is but I think its proly China. (Yale Reisoleil & John Zhu).

Anyway, when the Bitcoin market stalled due to the vote on Aug 1 to branch it, it made sense to me that bitcoin mining was going to see a pause until that issue got cleared up. My guess is that MGTI sold its board inventory because they were, logically, uncertain about whether it would make sense to mine in competition with a handful of worldwide powerhouse mining operations who have really low electricity costs. So, if I were making those decisions, i'd either be looking for other coins to mine that were not presently dominated by huge players, or I'd be looking at making book in the blockchain arena by applying blockchain to some other area than mining.

And folks need to pay attention to the fact that Goldman Sachs has obtained some kind of US patent to a proprietary blockchain technology in the last two weeks. Also, the UN is doing an ICO, and there are several Gold backed ICOs that will be sharia compliant.

Net net, in such frothy information environment, it makes sense to sell the extra boards (like MGTI reports they did) and stand aside to consider better directions in the blockchain area.

That's my take for the moment.

And also, it is seldom, if ever, that I've experienced a stinky pinky like MGTI that actually files its required forms in a timely fashion.

I'm watching closely and think the release of a timely filing is a big plus.

JMHO

Imperial Whazoo