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It is feared by many that the utter dominance of Bitcoin mining by a handful of Chinese firms will doom the cryptocurrency. However, despite the fact that international competitors such as KnCMiner were driven to bankruptcy, a new venture dares to take on China with a facility in the US no less.
MGT Capital Investments, Inc. (NYSE MKT: MGT) has secured a location with a contracted low cost hydro power source (electric dam) in central Washington state to launch a facility generating over two PetaHash in processing power. This facility is expected to be fully operational by August 1, 2016, and ... (read more)