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What made you side against them? Why wasn't it the constant delays? Why not 10 day limit they imposed? They literally provided a 10 day deadline that they missed even if you consider business or non business.
Even if this company somehow shows up to the conference and says they are a fully transparent and audited company... It's all BS because the mining pool hasn't been open, so there is no past history on the pool to provide new customers comfort. They have a 1.88TH to 2.33TH?ish has rate, that's it, nothing else is on the pool. As an investor, they have provided forward looking statements, and that is all.
MELY. A disappointing stock. IMO.
Do you like to give money away? Yes?!!! Well MELY is the perfect opportunity to have a company who accepts and never gives.
Congrats, I hope your investment isn't as terrible.
At this point, I would say more "flushed"...
The company can't deliver on a timeline they set. I am shocked there is anyone out there who would even consider buying 1 share of this stock until they actually deliver something.
March 23, 2015
The Company will be initiating a restart of the Company's Bitcoin Mining Pool in the next 10 days with a leased 3 Peta Hash of mining power, mining on behalf of the Company. The company will be concentrating its growth efforts on the development of the BTC Pool Party until the new mining site is finalized and built out.
Boiler Room: Just got word from Michael. The rip on Farrow Tech is now three dollars.
I'm only happy with 100% loss, 99% just doesn't put a smile on my face like 100 does.
I wonder if they hoped that pr would pump the interest so they could turn on the dilution faucet.
I wonder if the company has Alzheimer's when it comes to pr's and timelines, then forget, and like a month later they remember again.
They said 10 days, and they have not delivered.
March 23, 2015 9:15 AM
The Company will be initiating a restart of the Company's Bitcoin Mining Pool in the next 10 days with a leased 3 Peta Hash of mining power, mining on behalf of the Company. The company will be concentrating its growth efforts on the development of the BTC Pool Party until the new mining site is finalized and built out.
Woah. All that work for 1.7TH??!!!!!!!
And what did you win? Another excuse. Gah. I really want this to recover, I really don't want to take a 92.86% loss.
MELY is good at one thing, disappointment.
Wouldn't a company actually need to provide a service that people want? Right now, they have nothing except delays.
Removed. MELY has consistently delivered poor to no news.
Everyone was included int he R/S.
Thanks for the post, hopefully they deliver, 1 day left.
Is this updates from today?
Thanks, I needed that laugh.
If only the company could deliver on their promises.
Day 8. They can't even deliver a lease? 2 days left.
You think they're launching tonight?
Message your broker.
MELY has a track record of not delivering, so buying isn't a great option. If anything, it might be best to buy in if and only if MELY delivers the 3PH. With that said, I'm not confidant they can deliver, they only thing they've delivered in the past is, "we need more time".
It makes sense since they are decomming servers and the warehouse, the only hope is they deliver the 3PH servers within 7 days now.
This lease could have been a very big undertaking by MELY and by the company who is hosting these servers. A quick google search, I don't see any large lease mining operators with over 500th.
Maybe I didn't look hard enough, again only quick and dirty.
https://www.miningrigrentals.com/rigs/sha256
The max 500th is 48 hours.
I was ridiculously upset on Monday, but now I'm just waiting like a lot of other people.
So when we saw that spike on btcpool, that must have been the leased servers being tested out?
In the next 10 days with a leased 3 Peta Hash of mining power, mining on behalf of the Company.
Must have missed it, I still hope they pull off massive increase in performance.
BTCPool currently 2.26TH
That would be ridiculously exciting if that happened.
I will be sitting at work, I would call out, but with MELY consistently delaying news, I prefer to be excited or disappointed at work. I can always wash it away, or celebrate it later.
I can imagine the bad news. Due to bitcoin price instability, we decided to continue to postpone purchasing new servers. Now, we've decided to purchase these 5th servers, and they should be arriving in 8 to 12 weeks.
My God! The Dukes are going to corner the entire frozen orange juice market!
Trading Places.
Tomorrow pre-market.