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OK your right, I somehow had the idea that MELY was expanding to 1800 servers over the next 12 months, that's 144 servers a month added to the MELY network in 2014. that's an additional 864 servers added to the 100 that are currently running (964 Servers total)for the year 2014...
what you are saying is if MELY did not buy one more server for 2014 that MELY could almost completely pay all past notes due and some stout FEE'S... Wow MELY can pay all that with just 100 Servers, just think what kind of money they will make with 500-900 severs... since the FEE'S and most overhead will not compound at the same rate per hundred servers the second hundred should be very profitable and the third hundred completely off the hook... 964 servers WOAH !!
I respectfully disagree with your cost analysis based on the fact that MELY never once said they will only buy 100 servers in all of 2014 and it is a unfair calculation to add all last years and current years expenses cost of goods marketing whatever on to 100 servers production numbers for the year.
GLTU
please explain how you arrived at your NET income as the miners/servers Pay for themselves completely in 120 days at todays coin price and a reasonable cost of 2000.00 per server and power @.06
438,000.00 lost somewhere in overhead per 100 servers / per yr ?
I read yours now you read mine... and have a drink while your reading
U.S. Prohibition Era: January 16, 1920 through December 5, 1933
The prohibition of alcohol in the 1920's and 30's in the United States is one of most famous, or infamous, times in recent American history. The intention was to reduce the consumption of alcohol by eliminating businesses that manufactured, distributed and sold it. Considered by many as a failed social and political experiment, the era changed the way many Americans view alcoholic beverages, enhancing the realization that federal government control cannot always take the place of personal responsibility.
We associate the era with gangsters, bootleggers, speakeasies, rum-runners and an overall chaotic situation in respect to the social network of Americans. The period began in 1920 with general acceptance by the public and ended in 1933 as the result of the public's annoyance of the law and the ever-increasing enforcement nightmare.
Leading up to Prohibition
Temperance movements had long been active in the American political scene but the movement first became organized in the 1840's by religious denominations, primarily Methodists. This initial campaign started out strong and made a small amount of progress throughout the 1850's but shortly thereafter lost strength.
The dry movement saw a revival in the 1880's due to the increased campaigning of the Woman's Christian Temperance Union (est. 1874) and the Prohibition Party (est. 1869). In 1893 the Anti-Saloon League was established and these three influential groups were the primary advocates for the eventual passage of the 18th Amendment to the United States Constitution.
BITCOIN MINING IN THE NEWS VIDEO
just up the way from MELY in Washington state is the biggest private mining operation in north America
want to see inside and understand what MELY is building
just watch this video there is a tour towards the end
OH and by the way they are mining 8 Million a month in bitcoin right now
the big deal is the servers are not tuned or "synced" completely when they get them synced the servers are capable of a higher hashing power. so 100 servers at a minimum could produce 700,000.00 US dollars in revenue per year
MELY has stated in the previous PR that that they will be expanding to full capacity within 1 year 1800 Servers
that's 140 servers a month added
FYI 18 X 700,000.00 is 12,600,000.00 a year in revenue
OVER A MILLION A MONTH ! That's a big deal in my book
start up to 1M per month revenue in a year
YOU FORGOT a word....HAPPENDED "YETED" LOL
no disrespect intended... just sayin
AMI picked up the tab on the IHUB and other postings
today Thank Already Made it for that..
Keep calm and carry on
Im with you Wombat...would anybody like some cheese with there whine!! LOL
Thursday, July 24, 2014
Dell jumps on the Bitcoin bandwagon
yeah last Friday LOL
DELL jumps on the BITCOIN bandwagon ! another Giant in the tech world joins the group
http://www.asicbitcoinmining.info/
MELLY$$ is my 2015 FIJI surf trip fund :} LOL
My favorite surf spot is right out in front of my house
its called LYMANS :} you tube it and come enjoy Hawaii some time
Aloha
I love NW Oregon, I am a surfer and have surfed all the NW OR surf spots. I now live in Kailua Kona somewhat retired and commute to work in Seattle a couple of times a year
Mahalo for all your input
completely agree, when I first looked at the pictures my guess on sq ft was roughly 10k. your estimate for the costs is spot on for the general Seattle area..
thanks for all the calculations, keep them comming
I pay 4800.00 for 10,000 SQ ft south Seattle light industrial right next to Sea Tac Airport. been there 16 years
Thank you !! AMI
AMI did you pay for the PR to be posted here on IHUB
BIG TIME MELY 1800 SERVERS IN 12 months ...
from the previous PR
The Company's facility has been built to allow for a minimum 500 servers with further expansion capability to operate 1800 BTC Servers at maximum capacity.
"It is the Company's intention to continue to expand to meet the facilities maximum potential over the next 12 months," states Company President Brett Everett. "We are very excited about the exponential potential of Microelectronics Technology within the BTC Mining industry."
1 YR to 1800 servers !!! that's 140 servers a month
Some power numbers
1800 servers 1800000 KWH
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
just a template without assuming 25% more efficient power usage per server but as you can see there is near a million dollars a year in savings from .10 to .04
Just my thoughts
I know some have said before that the electricity rate is not concerning in the calculation but I do believe myself that it will when all costs are considered as a whole and I am assuming the MELY camp has also. this is why I believe they are in Grant county along with the others.
click the link below and then select the industrial rates and you can see what I am talking about
http://www.grantpud.org/customer-service/payments-billing/rates-and-fees
just my thoughts
Yeah baby 50M long reasons to smile... be calm and carry on
WOAH now here is some good news...
http://otcshortreport.com/index.php?index=mely&action=view#.U9bNDs96dYc
MELY techs cranking the servers up on ghash as we type
Mely update is very close
$$$$$$$
Look me up when you get here Tower.. we will grab a Mai Tai and talk MELY stories HAHA MELY is my 2015 Fiji surf trip fund :}
Kailua Kona
Someone was asking to see the promo so I posted it..
If I thought it was meaningful I would have posted it yesterday when I got the first mail alert...
Promo E Mail I received this morning
DSR Logo
Get Our Picks Instantly. From Your Cell Phone Text the Word "StockAlerts" to 63566
MELY is seeing major volume and after some consolidation this morning MELY is bouncing back right now! In our opinion this seems like the opportune time to jump in, if you so choose.
--------------------------------------------------------------------------------
Tomorrow’s 7/28 New Sub Penny Breakout Alert Is…
Microelectronics Technology Corp. (symbol: MELY)
MELY started out as a technology company with a strong focus on cloud computing, website and mobile application design & development, online advertising, and social media. In April of this year (2014) Microelectronics Technology Corporation (MELY) announced the Acquisition of a Bitcoin Cyber Currency Digital Mining Company. The acquisition included 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.
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.
MELY Development to Eventual Profit:
In a Press Release MELY put out on April 3, 2014 Company President Brett Everett had this to say about the company’s acquisition;
"The acquisition of a Bitcoin Digital Currency Mining 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.
Shortly after announcing the acquisition MELY announced via a press release dated April 9, 2014 that plans for a phase one 100 TH/s Mining Center had begun. MELY had initiated negotiations with Institutional Investment Funds for equipment acquisition financing. As stated in their PR from April 9, 2014;
"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."
MELY President Brett Everett was again quoted from the same release;
DNA Precious Metals is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for acquisition targets, and a goal to become a medium sized precious metals producer. The company is 100% owner of 65 mining claims where the Montauban tailings are located. DNA Precious Metals states on their website that a historical resource report showed 47,198 ounces of gold and 480,998 ounces of silver on the Montauban Project.
"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."
On April 17 2014 Microelectronics Technology Corporation (MELY) Completed its Acquisition of Bitcoin Cyber Currency Digital Mining Company. BETA testing began shortly after and as of May 31, 2014 BETA testing ended propelling the company closer to production.
More recently MELY has released a PR recently earlier this month updating shareholders on their Data Center;
MONARCH BAY, CA--(Marketwired - Jul 11, 2014) - Microelectronics Technology Corporation (symbol: MELY) The Company is pleased to announce the successful installation of over 50 of the Company's 100 - 1 TH/s BTC servers in the Company's new data center in Washington State.
The construction and build out of the Data center has taken longer than the Company had originally projected however the final stages of construction are finishing and the installation of servers is ongoing.
The Company expects that all 100 BTC servers will be up and operational, BTC mining early next week. Once this facility is operational the company will then apply all 100 TH/s BTC Mining to the company's BTCpoolparty mining pool. https://www.btcpoolparty.com/index.php
When all 100 servers are online the BTCpoolparty mining pool, the company expects that the true mining capability of the mining pool will be demonstrated.
Upon the successful transition and demonstration of the BTCpoolparty mining pool capabilities the Company will move to acquire the next 100 1TH/s BTC servers for the next phase of expansion.
The Company's facility has been built to allow for a minimum 500 servers with further expansion capability to operate 1800 BTC Servers at maximum capacity.
"It is the Company's intention to continue to expand to meet the facilities maximum potential over the next 12 months," states Company President Brett Everett. "We are very excited about the exponential potential of Microelectronics Technology within the BTC Mining industry."
The company expects significant results from the BTCpoolparty mining pool once the 100 TH/s have been installed and are operational.
Please Read All The Microelectronics Technology Corporation (symbol: MELY) News Right Here.
It is our strong opinion that MELY is a unique and innovative company providing an excellent ground floor opportunity for those that do their own research and decide to get involved. This sub penny is the type of potential breakout winner we all want to take advantage of as we move into August.
Pursuant to an agreement between us and a MICROCAP INNOVATIONS LLC, we were hired for a 1 day period period beginning on 7/27/14 and ending on 7/28/14 to publicly disseminate information about Microelectronics Technology Corp. , including on the Website and other media including Facebook and Twitter. We are being paid $15,000 (CASH) for or were paid "ZERO" shares of unrestricted or restricted common shares. We own zero shares of Microelectronics Technology Corp. , which we purchased in the open market. We plan to sell the "ZERO" shares of Microelectronics Technology Corp. that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Microelectronics Technology Corp. , in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
Nice post 360, this is exactly why I am here to stay
The future of MELY video
MUST WATCH video Bitcoin Mining Seattle NEWS
The future of MELY $$$$
MELY techs at work... look at that beautiful hash rate spike with all the servers together... WHOA... I haven't seen that for days
GO MELY
100 servers @ 1000W each = 100000W
100000W @ .06 per KWH = 144.00 per 24 HRS
Calculator Results
Net profit first time frame 58543.92 USD
Coins per 24h at these conditions 3.4811 BTC
Power cost per 24h 144.00
Power cost per time frame 4383.00 USD 1 month
Revenue per time frame 62926.92 USD
Less power costs 58543.92 USD
Link to calculator. http://www.bitcoinx.com/profit/
could actually be more than that.. I think MELY had miners running in Canada before the original purchase.
they did two separate power upgrades in Canada before the servers had actually arrived. the video posted yesterday said 83 servers were at the new location in WA state and that would leave 20 servers in Canada.
I don't think you would need a power service upgrade for 20 servers.. let alone 2
there are 103 verified servers 83 in Wa state location coded in sequence dcg 1-83 and there are 20 servers in Canada coded in sequence sgm 1-20 that accounts for the 103 known
and then there is SCG47 that's just been sitting idol on ghash for days now..? sequential numbering system suggests that there are at least another 46 servers or more at yet another location or possibly the reason for the two seperate power upgrades in Canada.
GLTA
Scg47 Yes SCG 47 anyone else notice this, the highest number SGM is 20 and the highest number DCG is 83. That accounts for the 103 we know about and they are accounting for the servers numerically so there you go there is a possibility that there are 46 or more servers running somewhere else or they are letting us know they have more servers.. either way I am getting excited as the longer this takes the bigger the news in my opinion.
It is possible they are set up in grant county where the power is .04 kWh, also Washington state deregulated energy so the hydro power providers are competing now and kWh prices have been lowering
MELY$$$
There is 2 servers still running on BTC guild
SGM10 and DCG1
You were correct... GO MELY
It is a possibility although I am not sure at this point
Here is some reverse merger information
http://www.entrepreneur.com/article/52820
MELY TECHS at work now on GHASH ramping up servers
Yes I did know this from the old financials and that's why I posted the email I received earlier although the Canadian gov't connection was new to me.
THANKS HJ hit you back as well MELY soon $$