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Dish Network invites its 14 million customers to pay in bitcoin
http://www.theverge.com/2014/5/29/5761316/dish-network-invites-its-14-million-customers-to-pay-in-bitcoin
I second this post.
Maybe you did not read the PR thoroughly...
Financing Negotiations:
The company has secured through institutional investors the required capital to purchase the phase one targeted one hundred 1TH/s servers for a bulk purchase.
This financing is through the issuance of convertible notes issued pursuant to rule 144 with a minimum 6 month hold on the underlying common shares.
The company continues to pursue for larger non-dilutive financing options for operating capital in the future.
Especially if they bumped up those 100 Th/s to be delivered within 3 weeks instead of end of September.
I feel tomorrow is going to be a WEEEEEEEEEEEEEEEE day....
$MELY
Microelectronics Technology Corporate Update
MONARCH BAY, CA, May 29, 2014 (Marketwired via COMTEX) -- Microelectronics Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), the Company is pleased to announce progress the company has made regarding the beta testing phase, corporate structure changes, financing negotiations and BTC Mining Server order status.
Beta Testing Phase The company has determined to end the beta testing phase as of May 31, 2014.
Minor adjustments to the existing 3 TH/s BTC Mining servers are continuing until beta testing completion with satisfactory results to date.
The company's BTC mining pool will be live as of June 1, 2014.
Corporate Structure Changes The company updated its filings with the state of Nevada bringing it current in all aspects including its business license.
The company also increased the Authorized Common share capital to seven billion five hundred million common, with no change to the Preferred share authorized which is fifty million authorized of which 110,000 are issued and outstanding.
The company entered into an Asset/Intellectual Property Purchase Agreement effective May 5, 2014 which included the company providing a convertible Promissory note for the face value of $150,000.00.
Language contained within the convertible promissory note, specifically clause 12 contains a provision where the company is to reserve one billion five hundred million common shares in treasury, without issuance, unless a portion of the note is converted.
"12.
The Company shall issue irrevocable transfer agent instructions reserving 1,500,000,000 shares of its Common Stock for conversions under this Note and another note being issued on the same date herewith (the "Share Reserve"). The reserve shall be replenished as needed to allow for conversions of this Note. Upon full conversion of this Note, the any shares remaining in the Share Reserve shall be cancelled."
The company currently has issued and outstanding 1,067,252,449 common shares. The previous authorized common share threshold was two billion five hundred million requiring the company to expand the authorized share capital to meets it's contracted reserve requirements for this note and other pre-existing notes held by Institutional Investors
Financing Negotiations:
The company has secured through institutional investors the required capital to purchase the phase one targeted one hundred 1TH/s servers for a bulk purchase.
This financing is through the issuance of convertible notes issued pursuant to rule 144 with a minimum 6 month hold on the underlying common shares.
The company continues to pursue for larger non-dilutive financing options for operating capital in the future.
BTC Server Order
The company is in negotiations for the acquisition of 100 - 1TH/s BTC Mining Servers from its supplier. The company expects to finalize the purchase order early next week with delivery of the 100 units within a three week delivery period as indicated by the supplier. Upon delivery the BTC Mining servers will be installed and mining on the company's BTC Mining Pool: www.btcpoolparty.com as soon as possible.
Bitcoin Mining: BTC The company is in development of a 100 TH/s mining pool.
The company will be investing in the required hardware needed to provide the targeted 100 TH/s rate over the next 30 days.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
About Dynamo Servers Dynamo 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
Here you go buddy...
** Update May 12th - 11:41 PST Number of miners will vary over the testing period.
** Update May 21st - 12:27 PST New BTC miners on pool for testing. Targeting 3TH/s.
** Update May 23rd - 10:08 PST Beta testing targeted for completion on May 27th 2014. Keep Calm and Mine On.
** Update May 23rd - 22:02 PST Miners will be powered down Sat at approximately 2am for electrical meter and sub panel replacement starting at 6am.
** Update May 29th - 10:50 PST Corporate update to be provided post market close.
https://www.btcpoolparty.com/index.php
Such a great last 2 hours here at MELY
NEWS WILL BE OUT ANY MINUTE NOW!!!!!!!!!!
IT FEELS LIKE CHRISTMAS MORNING $_$
Cannot wait to see the gap for tomorrows open.
$MELY
Nobody is giving up there 28's for a good reason...
You would have to be borderline insane selling right now on the cusp of NEWS!!!!!
Happy I am here for the ride....AGAIN
We just need to start up trending and hit new 52 weeks high every day $_$
Tic Toc
$MELY
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
$MELY AFTERMARKET NEWS!!! BETA TESTING COMPLETE!!!
30'S ARE STARTING TO DROP!!!!
We need to slap NITE...
I f'n hate them with a passion...they are the main MM in my other penny play always holding us back >.<
We need some buying pressure to power through 30-33
CANNOT WAIT FOR THIS NEWS $$$$$$$$$$$$$$
End of Beta Testing...Time to acquire these 10 servers and get them up and running smoothly!!!
$MELY
Bah!!!! I helped the slapping of 29's...should have been 24's though!!!
DO NOT BE LIKE ME AND BID SIT...YOU WILL BE LEFT IN THE DUST!!!!
$MELY LOOKING SOLID ABOUT TO BE RECEIVING THIS NEWS EOD $$$$$$$$$$$
That's what happens when I bid sit...
Time to slap the damn ASK!!!!!!!
Ohhhhhhhhhhhh Yeahhhhhhhhhhh
Possibly the last day we see the 20's for good!?!?!?
I cannot wait!!!! Thanks for pointing me to that spyder
That would be JUICY!!!
Yeah, I am to blame partially with the nonsense posts, so lets stay on topic here...
Back to the PR...any predictions on when they going to release it??
I hope its end of day today so it gets everybody primed up for tomorrow and into the weekend.
They have a tendency to have 2 day runs at a time here over at MELY
Stay Tuned =D
$MELY
AM I BRAGGING!?!?!?!?!?
If I wanted to brag...I would show you my BTC pile...
Next question??
$MELY
EDIT: Do you even mine?? MELY mines...I mine...you should look into that sometime.
Explain yourself when you say we have been had??
The only thing I HAVE is a BOATLOAD of shares ready for pennyland!!!
$MELY
Not going to lie..I flipped 30% of my shares at 36 but rebought back in at 29...
I receieved a free 250k+ shares!!!! =D
But now I think I will gobble the 24's that are sold if any, since my 23 has yet to be filled since this morning.
Thanks for that heads up Beazy...
Def. a nice dip opportunity here, but I have all my funds tied up at the moment =P
GLTA invested here
Why would we need answers when we were already supplied them!?!?!?!?
Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY) is pleased to announce the Company has initiated negotiations with Institutional Investment Funds for equipment acquisition financing.
The company is in negotiations for a NON-DILUTIVE credit facility of five million dollars for the acquisition and development of the digital currency mining center the company is developing through its Dynamo Server division.
The company is in the planning stages for the development of a first phase 100 TH/s BTC mining center.
The company will be investing in the required hardware needed to provide the targeted 100 TH/s rate over the period of six to eight months.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
"Bitcoin mining is a very competitive arena that requires the application of significant financial resources to the mining of Bitcoin as quickly as possible," states company president Brett Everett "upon the completion of the current acquisition closing April 18, the company will be introducing its plans for the roll out of phase one and timelines for completion."
The acquisition remains on schedule with the closing date of April 18, 2014.
The installation of the digital mining servers is also on schedule with the first transitioned servers to the Dynamo Servers co-location facility by April 30, 2014.
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 installation 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.
Where is the trading!!!!!!
It is like a damn stand still...
The calm before the storm $_$
BETA IS COMPLETE!!! JUST WAITING ON THAT PR NOW!!!! $$$$$$$$$$$$$$$
$MELY
Hahaha isn't it funny when people jump down your throat??
People should learn how to read before they type on this board...
GLTA INVESTED here
It is easy to spot the ones not invested, right? ;)
$MELY TO THE MOOOOOOOOOOOOOOOOOOOOOOOON
It has been 30+ minutes now with my order still not filled on 23's...
I hope there is at least 1 or 2 more weak hands out there...Come on!!!
Usually I go for the ask, but I want to punish these weaklings!!!
$MELY
You would think that MELY would have found their first block by now!!! ;)
I cannot wait until they start pumping those 10 servers every other week...We will be pumping out them blocks babyyyyyyyy
$_$ $MELY $_$
I love the knowledge you are spewing to these newcomers to BTC/MELY
Keep up the great posts
$MELY
MM's shook the tree of hands and sure enough the weak ones fell out!!!
I am waiting for this well awaited PR bringing everything to light for all of us investors here!!!
Tic Toc!!!
I think all the scared investors are out...
We have been stagnant on 23 for some time now...
What happens when you are at the bottom?? Pretty sure there is only one other way to go O_o o_O O_o
$MELY
Hahahaha I hope my partially filled 23's gets fully filled >.<
Was holding out for 22's, but got impatient...MELY is always running, and this support at 23 looks solid.
They will be soon enough...
Then we will have .01 up there soon enough!!! =)
$MELY
It is a little unfortunate how a lot of folk do not grasp that over here...
One of these days...when they are chasing...it will be too late for them...
ShouldaWouldaCoulda is all they will be saying...
$MELY
Sell me your shares...If you have any...and move on then...
They don't care about pps.
This will be a subby til AT LEAST q4 of this year.
all spin doctored words for this being just another pinky.
Good catch on that LTC address, but I think that is just for donating to MPOS and not involving MELY.
Regardless, nothing is stopping MELY to incorporate scrypt mining since this is going to be the year for ASIC scrypt!!!
I am putting all my eggs into LTC at this time along with MELY $_$
Don't be a dummy and get left out before we run again!!!
$MELY