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(TK.MELY) Microelectronics Technology Corporation is in the BITCOIN Mining Business!!!!
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Alert!!!! MELY is the only public traded company that owns a BITCOIN Mining Pool !!!! Microelectronics Technology Corporation Acquires Bitcoin Cyber Currency Digital Mining Company GEORGETOWN, SC, Apr 03, 2014 (eTeligis.com via COMTEX) Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY), is pleased to announce the Company has entered completed negotiations for the acquisition of an established digital mining company and its digital mining assets. The acquisition is now subject to final formal documentation to be completed by April 18, 2014. The acquisition includes the existing operational digital mining servers and support software . The Digital Currency Mining servers are currently being transitioned to the Dynamo Server co-location facilities with the transition expected to be completed by month's end. This transition will allow for peak efficiency utilizing the state of the art server facility and seamless expansion capability Dynamo servers can provide.
Bitcoin Mining: BTC
Upon the completion of the Digital Mining Server install ation at the Dynamo Server co-location facilities, the company will begin to offer fractional Bitcoin Digital Currency Mining server rentals to interested third parties for an annual fee based upon the hash rate available for partitioning.
It is anticipated that the partitions will be available for lease in minimum 20 Gh /s hash rates with any multiple of 20 Gh /s available.
"The acquisition ofa Bitcoin Digital CurrencyMining Corporation is an exciting development for Microelectronics Technology Co for several reasons," states company president Brett Everett. "With this acquisition the company is acquiring a new customer for the Dynamo Server division creating a vertical with significant growth potential at the same time entering into the dynamic Bitcoin arena with a business model that creates opportunity for entry level investors to participate in Bitcoin mining with limited financial exposure." The company expects to announce the completion of formal documentation by April 18, 2014.
The Dynamo Servers platform was built from the ground-up to accommodate the needs of modern dedicated server customers, with features that are unique to the market. A simplified pricing model was applied to an expansive configuration system, allowing for predictable pricing without the customization limitations or penalties that are common among providers. An API was built to allow for integration with custom software and 3rd-party services. Social features were added to enable a dialogue among customers and a level of transparency unheard of in the industry. As long-time dedicated server customers, the people behind Dynamo Servers built a platform that they would want to use themselves.
About Dynamo ServersDynamo Servers provide dedicated servers to clients through our point of presence in Vancouver, Canada inside a carrier neutral facility owned and operated by Cologix Inc.www.dynamoservers.com
About Cologix
http://www.cologix.com/en/company-profile.html
Cologix, Inc. is a network neutral interconnection and data center company headquartered in Denver, Colorado, that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located facilities in Dallas, Jacksonville, Minneapolis, Montreal, Toronto and Vancouver. With more than 350 network choices and sixteen prime interconnection locations, Cologix currently serves over 700 carrier, managed services, cloud, media, content, financial services and enterprise customers. The company’s experienced team of communications infrastructure professionals is committed to providing its customers the highest standard of local customer support.
History
Operational since December 2010, Cologix has completed eight acquisitions and announced four new market expansions:
- The Dallas INFOMART data center from NaviSite
Canix Colo located in Montreal, Canada
Telehouse Centre Canada, located in Toronto and Vancouver, Canada
Standard Connections, located in Toronto, Canada
The Minnesota Gateway, located in Minneapolis, Minnesota.
Carrier Connex, located in Toronto, Canada
12,000 SQF Tier 3 expansion in the Dallas INFOMART building in Dallas, Texas
20,000 SQF Tier 3 expansion in 905 King Street West in downtown Toronto, Ontario
26,000 SQF Tier 3 expansion in 1155 University Street in downtown Montreal, Quebec
15,000 SQF Tier 3 expansion in 1050 West Pender in downtown Vancouver, British Columbia
JAX Meet-Me-ME Room located in 421 West Church Street in Jacksonville, Florida
DataCenter.BZ located in Columbus, Ohio
Our acquisitions to date have each brought long customer relationships, strategic business partners and unique interconnection capabilities in each of our markets. We are proud to be the leading presence in each of our markets.
Interconnection
Cologix Interconnection
We efficiently and cost-effectively support our customer’s growth strategies by facilitating thousands of interconnections for our 700+ customers within our 18 data centers. With a choice of over 350 networks, our Meet-Me-Room environments offer massively scalable and dense connectivity.
“By deploying our network equipment with Cologix, we are able to respond quickly to the changing capacity needs of our customers while gaining access to a growing set of networks. Cologix staff are excellent and do a great job monitoring our onsite equipment, which allows us to focus on driving our business forward.”
– Dan Patton, Carrier Access Manager, FiberLight, LLC
Peering Exchanges
Cologix is proud to support the Peering Exchanges in Minneapolis, Montreal and Toronto.
A robust internet exchange is an important ingredient to a vibrant and mature telecommunication market. Cologix believes that independent member-run organizations are in the best interest of the exchanges as well as the Internet community as a whole. Cologix is proud to host these organizations within our data centers and are pleased to provide our customers direct access to them via our Meet-Me-Rooms.
peering@micemn.net or mpls.sales@cologix.com
mtl.sales@cologix.com
peering@torix.ca or torontosales@cologix.com
The easiest way for customers to connect to these exchanges is through Cologix’sStandard Connections product. Through Standard Connections, customers can establish a point of presence in the Carrier Hotel with a single U Ethernet switch, which enables the ability to connect to the Exchanges as well as the other networks in Cologix’s Meet-Me-Rooms. This model makes access to the exchanges fast and easy and doesn’t require significant capital to get up and running.
About Cloud Data CorpCloud Data, a Nevada Corporation provides high availability dedicated web servers to small, medium and large companies under its brand www.dynamoservers.com.
www.clouddatacorp.com www.melypk.com www.dynamoservers.com
http://www.otcmarkets.com/news/otc-market-headline?id=16008274
Microelectronics Technology Co. (QB) (USOTC:MELY)
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Microelectronics Technology Corporation Enters Into Negotiations for the acquisition of a Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Feb 18, 2014) - Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY) is pleased to announce the Company has entered into negotiations for the acquisition of an established digital mining company and its digital mining assets.
The acquisition will include the existing operational digital mining servers and support software which will be transitioned to the Dynamo Server co-location facilities to allow for peak efficiency utilizing the state of the art server and seamless expansion capability dynamo servers can provide.
The Dynamo Servers platform was built from the ground-up to accommodate the needs of modern dedicated server customers, with features that are unique to the market. A simplified pricing model was applied to an expansive configuration system, allowing for predictable pricing without the customization limitations or penalties that are common among providers. An API was built to allow for integration with custom software and 3rd-party services. Social features were added to enable a dialogue among customers and a level of transparency unheard of in the industry. As long-time dedicated server customers, the people behind Dynamo Servers built a platform that they would want to use themselves. About Microelectronics Technology Corporation,
through the acquisition of Cloud Data Corporation, an Incubator of Internet technologies, is positioned to capitalize on the exponential growth of today's technology market within Cloud Computing.
We've been running servers and deploying websites for over 10 years. In that time, we have found that it is difficult to find cost effective dedicated servers in Canada. The existing services also seemed to always leave a lot to be desired. As we expanded our operations we decided to do something about it.
What Makes Us Different
Aside from our great prices, there are many reasons to choose us.
Unique Pricing Model
One thing that always bothered us about dedicated server providers is the lack of price flexibility if you wanted something slightly different. Most providers will have some number of standard configurations, and if you want a slight change, such as some extra RAM, the extra cost is very high, compared to the purchase cost of the item. Some places will even allow you to make different configurations with the exact same specifications and you will get wildly different prices.
This doesn't seem fair to us, so we came up with an algorithmic pricing model that is based entirely on our purchase cost for components and services. This model allows for plenty of customization without penalizing you for simple changes. You can even build your server from scratch. In fact, our"standard" configurations are simply examples were built from scratch and saved.
Fully Custom Servers
All of our servers are made to order, and we provide plenty of options. This means you can get precisely what you want. If you want something that's not currently in our configuration options, let us know and we will get it from our supplier and add it to the system.
Obviously, with this level of customization, we won't be offerring any "1-hour servers," but we will try to get you up and running within 48 hours. If there is a delay, we will credit your account accordingly.
No Contracts
Even though we offer fully custom servers, we don't require contracts. We are fully confident in our services and believe that you will be likely to stick around. We also understand that the circumstances of a business can change at any time, and we don't want you to worry about being stuck in a contract.
Our Own Solution
We didn't just buy a bunch of servers and install some generic "server management" application. We built all of our tools from the ground up, in order to provide a unified interface to server management. This allows us the freedom to develop and provide unique features not found anywhere else.
This freedom means that we are not reliant on 3rd parties in order to deliver desired features. Really, our biggest obstacle to providing features is knowing what our customers or potential customers really want. If there is something you think we should offer, let us know.
Customer Focus
We are not simply a data center that is selling dedicated servers on top of colocation offerings. We are a dedicated server customer with a growing need for our own servers. We know exactly what we want as a dedicated server customer and aim to provide our ideal experience to everyone.
First Bitcoin ATM Unveiled on Capitol Hill
Bitcoin is headed to Washington.
The first ATM for the cryptocurrency will be unveiled to members of Congress Tuesday afternoon.
Made by Robocoin, the 750-pound ATM was first introduced in Vancouver, B.C. in October 2013, according to its blog. It trades the cryptocurrency for cash, and cash for bitcoins. To make a transaction, customers must provide an email, their palm print, a government identification, their face and cash. The verification process is in three steps, according to the company’s website.
The unveiling comes two months after MtGox, the largest bitcoin exchange, lost $620 million in bitcoin and filed for bankruptcy protection in Japan.
There are currently 10 machines overseas, according to a release from Robocoin, and one in California. Robocoin operates with the Bitstamp and Vault of Satoshi exchanges, and is working to integrate with others in the future. Each ATM retails at $20,000, and the company says it has sold 100 so far.
Robocoin CEO Jordan Kelley and Robocoin Co-founder and Chief Technology Officer John Russell will be at the unveiling Tuesday where members of Congress and the media can buy, sell and enroll in a bitcoin wallet account.
Those who have a bitcoin wallet or account can send their bitcoins to Robocoin and have their cash out within 10 minutes. Currently, bitcoin users have to go through individual online exchanges to cash out, which can take days.
Kelley says the businesses that buy and operate the ATMs have to adhere to anti-money laundering laws. “We’ve replaced the bank teller with hardware and software,” he says. “We reduced the time to less than five months and we removed the human error.”
When customers visit the machine, they enter their phone number and receive a text message to verify their identity. They then create a pin number and scan their palm, and then place their government ID into the scanner.
“Then the customer stands in front of the kiosk and takes a photo. We send those two photos to the human verification team. We match that they are the same., and then we send the customer a text message. The customer can then go back to the machine to buy and sell bitcoin,” Kelley explains.
Bitcoin was introduced as an open-source software code in 2009, and has since grown into a $1 billion industry. The digital currency is especially popular among those in the tech community.
The currency remains unregulated and February’s events have increased calls for government intervention. Some lawmakers are open to treating bitcoin more like cash with Rep. Steve Stockman, (R-TX) , introducing the “Virtual Currency Tax Reform Act” on Monday.
If enacted, this legislation would change the tax status of virtual currency. Last week, the IRS declared bitcoin would be taxed as property.
Stockman visited the New York City Bitcoin center Monday to discuss the legislation further. “This is a nascent industry. Along with 3-D printers and nanotubes, cryptocurrency is the future. We need to encourage it, not discourage it. There is risk associated with every budding industry in America,” he said in a release.
The IRS currently treats bitcoin as property and not a currency.
FBN’s Jennifer Rose contributed to this article.
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