MGT Thread

it's kill


/thread

>>1550275
>planning
SHORT. Shits going to 0

My prediction is recovery to $4 before january because I have too much in it to be willing to let it go

t. bagholder in at 2.75

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>>1550275
I want to go long, but I think we could go back under $1

i think it will somehow bounce back.

>>1550275

Kill. That documentary on McAfee is really picking up steam.

>>1551154
no publicity is bad publicity.

>>1551341

you might be right.

Do they even have any products? Do they sell anything? Have they sold anything?

>>1551396

No, no, and no

They've mined 90 btc in 1 month.
They can diversify and increase in mining efficiency correct?
Anyone seeing market volatility making btc worth hella, doing the same to MGT?

>>1551440
That's personally what I think.


>The mining facility will be capable of generating over 2 peta hash of processing power to be used for Bitcoin mining, beginning August 1.
>Hydroelectric power is much cleaner and cheaper than other standard power sources. According to reports, the MGT Capital Investments will be implementing 16 nm based ASICs for mining in this facility and gradually the capacity will be increased over 5 times to eventually reach 10 peta hash capacity.

MGT wants to be the largest miner in the us. Imagine if the Bitcoin price doubles in he next 12 months. This will be a lot of cash flow to fund all their cyber products.

>>1550275
>utilizing precious electricity to dilute something of value
>using electricity to literally make people poorer

what a fucking waste

>>1551580
Something has to take golds place as a safety net

>>1550275
They were never alive to begin with

They have:

0 contracts
0 employees
0 knowledge

how it got so high up until now

people are starting to realize this

0.01 soon

>>1551658
Aiming to become number one bitcoin miner in America and leader in cyber security's.
.01 soon, /Biz/ Logic.

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>>1551574
KEK, a fruitcake murderer on bath salts and cunnies creates a company for memecoin mining.

This is gold. I am shorting this shit ASAP

>>1551989
They have no product and no sale history, revenue stream....nothing. even if they mined 10000 bitcoins, that's fucking 6 million dollars which is fucking nothing.

There's not even a lot of bitcoin left to mine and its getting insanely hard to mine them.

You mine as well just buy fucking bitcoin

>>1551574

Difficulty has gone up 7% over the past week; difficulty goes up every 2 weeks; mining profit goes down by same %

>>1552028
Then due to economies of scale mgt should remain profitable, while other miners have to shut down production.

>>1550275

MGT is the ultimate meme stock.

>>1552195
So i should invest?

>>1552196
It was a pump and dump and you missed the meme

Just buy potcoin if you like money

INTC - SWHC - SLV - AUMN - AMRS - STEM

are there options on mgt?

>>1551574
>MGT wants to be the largest miner in the us.
That's nice dear. But until they do, there'll literal rent - seeking dreamers

>>1552741
Is STEM actually making a revival?

its a startup company but dont they have potential? they have some really smart people working on new cyber security bitcoin mining is just a bonus.