Bitmain and McAfee’s MGT to Collaborate on New Bitcoin Mining Pool, Expecting Large-Scale Deployment of Antminer S9

If there is one thing you can never have too much of in the world of Bitcoin, it is mining pools. John McAfee’s MGT Capital investment company has signed a letter of intent with Bitmain Technologies. Through this partnership, the two companies aim to develop new Bitcoin mining pools. McAfee seems to be going big on Bitcoin, and this joint company once again proves his passion for Bitcoin. McAfee is the founder of the famous antivirus software McAfee.

The main target of the MGT and Bitmain joint venture is the North American market. Bitmain currently operates one of the world's largest mining pools under the AntPool brand. In addition, it also runs the Hashnest cloud mining business. It is obvious why Bitcoin Mainland is an invaluable partner for John McAfee's MGT.

MGT sees value in creating new Bitcoin mining pool

Although the details about the new mining pool are still unknown, some things have been revealed. The new mining pool will focus on providing a more advanced user interface for miners. In addition, there will be excellent network protection. Speaking of which, the mining pool will use MGT’s proprietary technology to ensure security.

MGT Executive Chairman John McAfee told the media:

“Our partnership with an iconic brand like Bitmain is a major milestone in MGT’s growth as it plans to become a major Bitcoin player in the Western Hemisphere. This partnership will help MGT become a leader in the fastest growing financial and industry cybersecurity space.”

However, there is more information about this mining pool. The two companies hope to provide cheap cloud mining plans to customers around the world. Everyone, whether individual or enterprise-level customers, will be able to access mining computing power hosted in the United States. MGT will take care of these facilities, while Bitmain will provide all the required mining equipment and software support.

Speaking of mining equipment, this collaboration looks like it will see the large-scale deployment of Bitmain Antminer S9. Given that the S9 is currently the most power-efficient Bitcoin mining unit in the world, there is no reason to use different hardware. If the mining pool operation can be started using renewable energy, it will not only protect the ecology but also reduce operating costs.

At this time, it is unclear under which brand the new mining pool will operate. More information about the branding and financial aspects of this cloud mining venture will be released soon. The participation of such a prominent company as MGT further validates the business opportunities presented by Bitcoin.