Ethereum Manipulator! John McAfee's
THE MOST GREEDY PERSON! He will manipulate Ethereum for sure!
At present, MGT has 18 PetaHash of mining power overall.
Now you guys know why its so hard to Mine Ethereum now!
MGT Capital, the company run by John McAfee, said it would start to mine Ethereum — the bitcoin rival that has surged nearly 4,000% this year — in its latest bid to turn a profit.
MGT, which is publicly traded over the counter, has pitched itself to investors mostly as a cybersecurity company. Cybersecurity is where McAfee made his mark as the founder of the antivirus company that bears his name.
But McAfee has more recently started to tout cryptocurrencies. He said last month that investments in bitcoin would help put MGT back in the black by the end of the year.
Ethereum is like bitcoin in that it can be "mined" by computers that solve complex computations. MGT said Friday that it reached an agreement with Bit5ive LLC to buy up to 60 graphics-processor-based mining computers to help mine for ether.
"We are more convinced each day of the growth and value of digital currencies, and our company is uniquely positioned to be a leading provider of processing power to relevant blockchains," McAfee said in the statement.
McAfee's foray into the cryptocurrency space comes when others have been sounding the alarm after a huge run-up in prices.
In early June, billionaire Mark Cuban said it was evident that bitcoin was a bubble, tweeting, "When everyone is bragging about how easy they are making $=bubble."
Days later, Goldman Sachs warned that bitcoin was looking "heavy" and that a drop to between $2,330 and $1,915 a coin was looking likely. Bitcoin put in a low of $2,076 just a day later after the scaling debate came back into focus as the bitcoin-mining firm Bitmain outlined its "contingency plan" for if a hard fork were to occur. Bitcoin has recouped those losses and now trades at $2,708.
Ethereum is up by 3,964% in 2017. As for MGT, its stock is up by 42% year-to-date.
I have mixed feelings about this situation. On one side, I believe that it is great that the market cap in the industry grows and that influencers join the block-chain movement. On the other side...when the "big fish" come into the market to manipulate it...it´s not so fun or in line with the main purpose of crypto which I think is to decentralize power and give people control over their economy and buying/investment power.
Look for Project Jasper, Canada is Releasing soon a Token called Cad Coin. BOC/ Bank of Canada is using Ethereum Program for testing its own Digital Banking. Because we all know the Stock Market will crash soon, and the only way to safeguard Canadian Economy is to release our own token and back it up with Gold. Singapore borrows our project and called it Project Ubin. Look it out. The media will discredit the Crypto Token and they will send panic to people for the big fish to buy it back at lower price.
They did Test Pilot Ethereum Program in Philippines and The BPI bank or Bank of the Philippines had a glitch and people account got wipe out.
That is very interesting information. I will have to do more research. Meanwhile, lets continue to share the benefits of crypto on social media. Traditional media is slowly loosing people´s trust. At least, that´s the case in Mexico. So, I think sharing the benefits of crypto is what people should be doing.
What is your forecast for ether next year ?
I don't see it will crash because when people starting to panic selling. Big Cpanies doing Buy back for their application. 🤓🤓🤓