No problem

Yes

It's nothing until the stats page registers that a block has been found.

That is the estimate each day look for the last block found number.

20ths up and running yea baby

F yea let's get it up

Let me know when you see the pool live today. I'm not able to watch closely today, thanks.

If ppl would just start hitting the ask we would move. Maybe there will be more conviction tomorrow.

I think we will attract much more attention once the pool opens tomorrow.

There we go someone hit the ask see it's not hard to make this move I don't think it really takes much.

Why so negative lol

Good post I agree

I can add that this is true. It took one month before my server arrived. Miners are hard to acquire in bulk right now because there is a mad rush.

Direct link please, also this looks like someone's personal blog.

I know right lol jeez

I emailed the pr link to coin news hopefully they will do an article on their website.

Share this news with coinbase and other btc coin news sites. Ppl who want to know bitcoin but don't want to pay $585 per btc can get some Mely shares.

If their block chain reward is correct they will be making $1 million net profit after phase two begins within 12 months.

Dude ppl hit the ask already and move this thing up.

Umm no

Yep I got the same reply.

Let's rock

All out of powder

Yep

They look like ant miners to me and go for around $1,800 which is over priced in my opinion.

Until the server doesn't cover it's percentage of overhead. I think people fail to realize that it's about total hash power and not about the individual server all the time.

From what I'm reading about where the CEO of overstock is trying to take the block chain it demands a great need for miners and miner pools. As these concepts pick up steam I believe there will be a great reward for miners to continue operations long after all bitcoins have been mined.

Oh my gosh I'm so tired of these bashers lol this conversation thread is boring me everyone please stop even responding to them.

True but even worse case they turn a profit after one year that better than most startups

They would break even on hardware in 166 days at current rates.

I'd go new. Ant miners are a bit more expensive, I hear spoolies are good even though I don't have first hand experience.

I always do pools.

You want to measure in ths now because of difficulty levels but it all depends on what you mean by decent cash. 1th or 1000 gh can make you around $500 a month depending on where the price of btc is at. You will need to add a 5% of gh power to your starting amount of hashing power each month to keep up or the price of btc needs to increase 5% each month to keep your monthly earnings steady.

Yes we have a few more hurtles to get over for sure. I think those bitcoin ATMs would be a nice help to our cause so people could quickly exchange fiat for bitcoin.

One thing people might forget is Mely as they grow have more options than just making money from mining. Because of their infrastructure they will be able to charge transaction fees for faster verification times on blocks. This could lead to making a few cents on millions of retail transactions as time progresses.

0.03 cents on millions of transactions per day well you do the math lol.

This would also set them up for a buy out but to protect the integrity of the network it couldn't equal more than 50% of the network hash power.

This is a great video for anyone who wants to understand the bitcoin system in more detail.

Although if I were Mely I would take a balanced approach and still keep 20% of my servers running in other pools because it still is luck which pool wins that block.

Correct

I'm a bitcoin miner myself just haven't had the capital to scale like Mely.

They actually are probably making more money by running their servers through ghash rather than going live with only 100 ths.

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