Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey Tower, I know its a lot to ask on a stock message board but here it is "I just know" and that's it sorry and I am sure I will get beat up on this until the news actually hits..
and for anyone that chooses to not believe me then its just that simple DONT BELIEVE ME!!
YOU KNOW IT BROTHER !!!! FIJI BABY FIJI HERE WE COME !!!
THERE WILL BE NEWS in the next 48 HRS !!
I am so excited !! WEEEEE!! OMG!
This will happen very very soon... OMG I am so excited for MELY
Congrats!! to all that own MELY and have endured the last few months of the Bashing machine
Block #2 should be Fri Sat or Sun dependent upon some luck :)
Patiently waiting for 500-1000+ Miners/servers to be mining
and when that happens yeeehhaaaa!!! until then I will Keep calm and carry on..
GO MELY!! Also expecting Block #2 FRI 5th or SAT 6th
normal fluctuations in bitcoin price go to this live bitcoin price ticker link and in the upper right corner it has the high and low prices by the period of time you select.
http://bitcointicker.co/
Remember that as the miner technology progresses that MELY could possibly have 1800 servers @ 2 TH/s or more at that one location.
with the advancements in the miner technology this could very well happen.
From the last PR
The current delay is a result of developments in technology which allow for more efficient BTC Miners becoming available to market in the next several weeks which will potentially allow for an increase in production by almost 100 % while maintaining the same power consumption.
Here is a link to a real time bitcoin ticker
http://bitcointicker.co/
Yes, I have been searching through the electrical permits for several municipalities and counties to try and find the warehouse location
its possible they left the MELY or MICROEL.... technologies off of the electrical permit so its making it hard to find :)
HEHEHE!!! Potential next news of a blanket purchase order for 500 to a 1000 servers or more and an institutional investor 15M credit line confirmation will blow the roof off MELY..
AN INSTITUTIONAL INVESTOR THAT WILL ACCEPT BITCOIN !!!
that in itself says a lot !!
The company has been in negotiations for an investment by an institutional investor for a direct investment of up to fifteen million dollars. The investment return will be repayable in USD or BTC or combination thereof based upon final negotiations. Further details will be released upon closing.
I forwarded this contact information to MELY last week
1 TH/S Bitcoin Miner MFG DIRECT PRICING CHINA under 1000.00 each in quantity, MFG capability 100 units a day see link below
http://www.alibaba.com/product-detail/Fastest-1-TH-S-Electronics-Bitcoiin_1911000297.html
Quote 1150.00 each for (1) quantity + shipping see email text below
Dear XXXX,
Greeting,
Thank you for your inquiry about 1TH bitcoin miner,I am Candy,from Shenzhen Yu Xingxiang Technology Co.,Ltd
For 1H bitcoin miner the specification as below: A1 28nm chip ,4 modules,950W.The price is $1150/PCS,not including shipping cost.if more than 1 pcs,we can give some discount ,it based on the quantity.
And enclosed the 1TH bitcoin miner picture for your reference,
In order to establish more good relationship with you,it is more better if you purchase 1 pcs at forst time.Once you are satisfied our miner quantity and services,then you buy more,and we will give you best price.Our company also has litecoin miner 28MH ,30mh ,60mh ,90mh ,etc.If you are interested these miner or has any other question ,feel free to contact me.
Sincerely wish we can be your partner and has the opportunity to cooperate with you.
Look forward to your prompt reply and have a nice day.
Many thanks
Best regards,
Candy
I will be accepting Bitcoin on a Startup venture which will launch in the next few months and expect it to enhance the bottom line as well as attract bitcoin holders to our online services.
After $100,000 bitcoin score, 15-year-old launches startup
Do you think he cashed out in the dips... I don't
Great article about the next gen techies and their paths to fortunes they will create.
http://www.cbsnews.com/news/erik-finman-botangle-after-100k-bitcoin-score-15-year-old-creates-startup/
Yes I am, since the biggest winter surf in FIJI is in our summer and my trip is planned for June/July of 2015. which is what I said in the post "2015 Fiji surf trip"
Thanks for asking
All servers running on ghash and have been since the MELY pool went down for back of house maintenance
http://ghash.melypk.com/
all servers are running on Ghash while they are doing some backend maintenance to the pool
http://ghash.melypk.com/
current Stats from Pool
https://www.btcpoolparty.com/index.php?page=statistics&action=pool
Contributor Hashrates
Rank Donor User Name KH/s BTC/Day
1 dgmining 85,783,897,199 4.373
86 TH/s is producing 4.373 coins per day !! Is this right ?
Multiply by 365 @ todays 512.00 bitcoin price = 817,000.00 gross per year Woah !!
ohh and only 91 servers are online @ 84-86 TH/s total
this will increase by tomorrow... watch and see :)
EBay Payments Unit in Talks to Accept Bitcoin
http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917?mod=Tech_newsreel_4
VC Funding Boosts Global Growth For Berlin-Based Bitcoin Startup
http://www.forbes.com/sites/alisoncoleman/2014/08/13/vc-seed-funding-spells-growth-for-berlin-based-bitcoin-loans-start-up/
Overstock CEO says bitcoin sales to add 4 cents to 2014 EPS
http://www.reuters.com/article/2014/08/13/us-overstock-com-bitcoin-idUSKBN0GD21220140813
it is also possible they paid 100,000 - 125,000 for the servers and used the rest of the money for the new location lease, setup, labor costs to set up the miners and a power upgrade to the location to run the servers
I believe they are antminer S2 if you blow up the facebook picture you can see the little ANT logo on top of the window
and QC stickers are consistent with other photos I have seen for the S2
I do NOT know that MELY is ordering from this supplier..
but I can say that it did not take me long (15min) to get the pricing from the supplier. I have purchased other items from China MFG companies for distribution in the USA and it is very simple
Log on to the link I provided set up an account and see how easy it is...
I am assuming that MELY has taken this into consideration also.
as shaving a 1,800,000.00 off of a 1800 server purchase order is HUGE actually EXTREMELY HUGE when you are borrowing the money for the purchase..
Some might say there is a quality difference and there very well could be... but for start up 1800 server order I would purchase them in a heartbeat as the savings on the start up costs are HUGE
and once they are producing, if they pan out to be not as good as others then rotate them out with better servers 100 at a time with cash you will be making at that point.
1800 servers = 1 Million per month.
Just My Opinion
1 TH/S Bitcoiin Miner MFG DIRECT PRICING CHINA
MUCH CHEAPER THAN WAS ORIGINALLY THOUGHT TO BE!!!
1800 server @ an estimated 1000.00 each delivered to USA is only 1,800,000.00 "HALF" of the original amount thought.
http://www.alibaba.com/product-detail/Fastest-1-TH-S-Electronics-Bitcoiin_1911000297.html
I contacted the MFG yesterday and ask for a 100 server purchase price Below is the Quote I just received. and I will assume a larger order of say 1800 QTY or more would be considerably less "possibly under a 1000.00 each delivered"
Quoted 1150.00 each + shipping see email text below
Dear XXXX,
Greeting,
Thank you for your inquiry about 1TH bitcoin miner,I am Candy,from Shenzhen Yu Xingxiang Technology Co.,Ltd
For 1H bitcoin miner the specification as below: A1 28nm chip ,4 modules,950W.The price is $1150/PCS,not including shipping cost.if more than 1 pcs,we can give some discount ,it based on the quantity.
And enclosed the 1TH bitcoin miner picture for your reference,
In order to establish more good relationship with you,it is more better if you purchase 1 pcs at forst time.Once you are satisfied our miner quantity and services,then you buy more,and we will give you best price.Our company also has litecoin miner 28MH ,30mh ,60mh ,90mh ,etc.If you are interested these miner or has any other question ,feel free to contact me.
Sincerely wish we can be your partner and has the opportunity to cooperate with you.
Look forward to your prompt reply and have a nice day.
Many thanks
Best regards,
Candy
Yeah he is like an ugly dog, so ugly he is cute in his own way... LOL annoying when he barks relentless nothings
Textbook stuff for his breed..
That is to funny.. MELY
The Miner/servers that MELY has purchased appear to be cheaper than most here have (predicted 2000.00 to 2500.00 each)
I will assume the best price of 1500.00 although a commitment to 1800 sever purchase could possibly get the Servers for even less than that price. 1800 server cost spread below
180,000.00 total cost difference per 100.00 cost increment per server
1800 servers @ 1500.00 each is 2,700,000.00
1800 servers @ 2000.00 each is 3,600,000.00
1800 servers @ 2500.00 each is 4,500,000.00
Alibaba price 1500.00 to 1700.00 and I have contacted the MFG for a quote for 100 Miner/Servers at todays price and will post my findings when received.
I also noticed a production capacity of 100 units per day..
so MELY could get to 1800 servers much faster than most thought they could.. 18 days + shipping depending upon backlog which I am soon to find out
http://www.alibaba.com/product-detail/Fastest-1-TH-S-Electronics-Bitcoiin_1911000297.html
One other thing is most of everyone here has been using a power cost in the bitcoin calculations of .10 per KWH
I BELIEVE THIS IS WRONG... MELY IS PAYING MUCH LESS THAN THIS..
I cant prove this so for now...ITS JUST A HUNCH But who in there right mind would set up a 1800 TH/s power guzzling machine in a .10 per KWH power grid when just a few 100 miles away they could pay .0233 "YES" .0233 cents per KWH
Just sayin and Just my thought
thanks 46er, got you back
Thanks but "NO THANKS" JATIKOS here is some technical data on 1800 servers running at 1 TH/s with a purchase price of 1500.00 each and power cost of .0233 per KWH
Bitcoin difficulty 18,736,441,558
Bitcoins per Block (BTC/block) 25
Conversion rate (USD/BTC) 594.09
Hash rate 1800 TH/s
Electricity rate (USD/kWh) .0233
Power consumption (W) 1800000.00
Time frame (months) 12 months
Cost of mining hardware (USD) 2,700,000.00
Profitability decline per year 0 .61
Results
Difficulty 18,736,441,558.00
Mining Factor 100 0.00 USD/24h@100MHash/s as in these charts
Average generation time for a block (solo) 12 hours, 25 minutes (can vary greatly depending on your luck)
Hardware break even 105 days
Net profit first time frame 5204134.00 USD
Coins per 24h at these conditions 48.3147 BTC
Power cost per 24h 1006.56 USD
Revenue per day 28703.28 USD
Less power costs 27696.72 USD
System efficiency 1000.00 MH/s/W
Mining Factor 100 at the end of the time frame 0.00 USD/24h@100MHash/s
Average Mining Factor 100 0.00 USD/24h@100MHash/s
Power cost per time frame 367646.04 USD
Revenue per time frame 8271780.04 USD
Less power costs 7904134.00 USD
This is just a rough idea assuming servers are 1500.00 each and power costs are at .0233
Below is a power cost breakdown spread
1800 servers 1800000 KWH
rate .0233 kwh day 1006.56 yr 367,394.40
rate .04 kwh day 1728.00 yr 630,720.00
rate .06 kwh day 2592.00 yr 946,080.00
rate .08 kwh day 3456.00 yr 1,261,440.00
rate .10 kwh day 4320.00 yr 1,576,800.00
without assuming 25% more efficient power usage per server but as you can see there is more than a million dollars a year in power costs from .10 per kwh to .0233 per kwh
Here is some good news...
The Miner/servers that MELY has purchased are cheaper than most here have (predicted 2000.00 to 2500.00 each) by a bunch
Alibaba price 1500.00 to 1700.00 and I have contacted the MFG for a quote for 100 Miner/Servers at todays price and will post my findings when received.
I also noticed a production capacity of 100 units per day..
so MELY could get to 1800 servers much faster than most thought they could.. 18 days + shipping depending upon backlog which I am soon to find out
also I see they use less power than we have been using in the bitcoin calculator. changing the profit after power costs some
http://www.alibaba.com/product-detail/Fastest-1-TH-S-Electronics-Bitcoiin_1911000297.html
One other thing is most of everyone here has been using a power cost in the bitcoin calculations of .10 per KWH
I BELIEVE THIS IS WRONG... MELY IS PAYING MUCH LESS THAN THIS..
I cant prove this so for now...ITS JUST A HUNCH But who in there right mind would set up a 1800 TH/s power guzzling machine in a .10 KWH power grid when just a few 100 miles away they could pay .0233 YES .0233 cents per KWH
Just my thought
Bitcoin difficulty/Hashrate history Link for anyone that would like to see
https://bitcoinwisdom.com/bitcoin/difficulty
OH and you to Jatikos
Your right woohoo wasn't doing that a couple of hours ago
We are going live... OMG a bear catapult.. they have been setting a trap WEEE !
I see you have not googled Brain for sale yet MELY$$
"depreciation" actually Helps a company recover the original expense of the equipment by the ability to write the cost off against any profits.... this actually helps a company rather than hurt
from the IRS
A Brief Overview of Depreciation
Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration, or obsolescence of the property.
Most types of tangible property (except, land), such as buildings, machinery, vehicles, furniture, and equipment are depreciable. Likewise, certain intangible property, such as patents, copyrights, and computer software is depreciable.
In order for a taxpayer to be allowed a depreciation deduction for a property, the property must meet all the following requirements:
•
The taxpayer must own the property. Taxpayers may also depreciate any capital improvements for property the taxpayer leases.
•
A taxpayer must use the property in business or in an income-producing activity. If a taxpayer uses a property for business and for personal purposes, the taxpayer can only deduct depreciation based only on the business use of that property.
•
The property must have a determinable useful life of more than one year.
Even if a taxpayer meets the preceding requirements for a property, a taxpayer cannot depreciate the following property:
•
Property placed in service and disposed of in same year.
•
Equipment used to build capital improvements. A taxpayer must add otherwise allowable depreciation on the equipment during the period of construction to the basis of the improvements.
•
Certain term interests.
Depreciation begins when a taxpayer places property in service for use in a trade or business or for the production of income. The property ceases to be depreciable when the taxpayer has fully recovered the property’s cost or other basis or when the taxpayer retires it from service, whichever happens first.
A taxpayer must identify several items to ensure the proper depreciation of a property, including:
•
The depreciation method for the property
•
The class life of the asset
•
Whether the property is “Listed Property”
•
Whether the taxpayer elects to expense any portion of the asset
•
Whether the taxpayer qualifies for any “bonus” first year depreciation
•
The depreciable basis of the property
The Modified Accelerated Cost Recovery System (MACRS) is the proper depreciation method for most property. Additional information about MACRS, and the other components of depreciation are in Publication 946, How to Depreciate Property.
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/A-Brief-Overview-of-Depreciation
GOOGLE BRAINS AND READ ....MELY$$$
Something going on in the MELY camp, I haven't been able to access the ghash link all day... could MELY be loading 100, 200, 300 or more servers on the down low... there has been enough time to get another batch ordered and received.
anyone else been able to access ghash today ?
MELY will have 500 or more Servers online way ahead of schedule
that's my "GUESTIMATE" OH and thank you MBAY for loading 50M shares the other day..
BASHERS SECTION BELOW, I WILL BASH FOR YOU so you dont have to post
"OMG HOW ARE THEY GOING TO PAY FOR IT....!!!" LOL
"I AM LONG BUT THIS IS GOING OUT OF BUSINESS !!!" LOL
"CRIMINALS LIKE BITCOIN AND SO DO I" LOL
"BITCOIN IS BAD" LOL
"WHAT IS BITCOIN.. NEVER MIND I DONT KNOW WHAT IT IS BUT IT IS BAD" LOL
"I POST HERE BECAUSE I WANT TO SAVE YOU FROM LOOSING MONEY" LOL
"DOES BITCOIN HAVE A RESTROOM INSIDE OF IT" LOL
"I LIKE THE WALLET PART OF BITCOIN ESPECIALLY THE PART ABOUT TRANFERING FROM YOUR WALLET TO MINE"
Bashers do not waste there time Bashing a stock that has no potential... unfortunately its a good sign they are here..
but seriously hard to take sometimes..
not getting my shares that's for sure :}
If you have ever visited an online stock message board with frequency you have without a doubt run into the ever-present basher. With a sharp tongue and a nasty character, the basher stands at the ready to damage the reputation of a stock in hopes of driving its price down. What is it that motivates these posters to try to make others lose on their investment? The answer is simple... bashers generally stand to make money by causing others to lose their money. You probably ask "How so?", There are two ways in which a basher can make money by driving the price of stock south. The first is a simple short sale. The basher or his/her associated firm sells a stock short and attempts to tank the stock in an effort to cover at a considerably reduced price. A second way for the basher to make money is by driving the price of a stock down so that he/she or their associated firm may obtain the security at a discount. Opportunely for bashers, it is much easier to scare someone into selling a stock than it is to convince someone to buy one.
There are many ways to bash a stock and there are many different people that try to do so. While there are individual investors that are bashers, the best bashers tend to be "hired hands". Yes, believe it or not, there are people that get paid to post negative sentiments on stock message boards. As long as they do not post complete falsehoods or anything of a slanderous nature, these posters are well within their legal rights to give further details about their antagonistic points of view. It is very easy to identify a recreational basher from somebody that actually knows what they are doing. Most recreational bashers post absurd nonsense such as "SELL THIS DOG NOW!" or "XYZ IS GOING TO TANK!" Oftentimes, recreational bashers will resort to name calling or engage in personal attacks when bombarding a board with their ceaseless posts. Fortunately, most online message board websites offer an "ignore" feature to filter out posts from these individuals. While it is often easy to locate a recreational basher, an experienced basher is much more mysterious. The mark of a good basher is someone that can create negative feeling on a board without appearing as a complete basher. A tactful basher will never come right out and bash a stock with his early postings. He will frequently present himself as a valuable board resource, posting remarkable and interesting information about the stock he plans to eventually trash. As he gains the board's trust and establishes himself as a respected member of the community, people, particularly naive newbies, start to pay attention to what he has to say. When the basher reaches this point, he will start to create negative feeling by expressing concerns about genuine issues affecting the company. The basher may well point out insider sales or a decline in profitability. Even if all is going well for a Corporation, a good basher can create doubt by expressing concerns about the future practicality of a company's business plan or technology. Because this information is coming from a "trusted source", some investors will pay attention to the basher's warning and sell their shares. Fear tends to be contagious and a good basher combined with a tentative board and a declining stock can create a panic. While such a situation will not affect a high volume large or mid cap stock, a microcap stock with trading volume of less than 100,000 shares can easily give way to such strategies.
http://beginnermoneyinvesting.net/html/online_stock_message_board.htm