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Something definitely is up servers dropped to three then the mely pk ghash site went down...website offline
16 servers online now and seems to be increasing hourly
MELY$$
Thanks Flettster seems I just had one also... LOL
Happy holiday..
BOOM! Just like that... and hopefully not right after you let your shares go.. I did my DD and would assume most here have also. I believe a BOOM post once in awhile does not affect the PPS at all and I never hoped it could.
As soon as MELY gets the servers online in WA state at .04-.06 per kwh and orders 200+ more servers there will be no stopping the BOOM!!! Yes there have been some delays but not huge delays at all simply because the delivery and set up dates were moved up ahead of the originally announced date in the first place.
Find the bitcoin profit calculator and run the numbers yourself.
Have a Happy and safe 4th of July.. and let's see if we get some booms from MELY next week
GLTA
100 servers online = BOOM! PPS
And the Boom might happen before MELY PR's it has all 100 servers online, so pay attention closely as they have surprised us a couple of times with better than expected news.
I am long and with some patience and just checking in a couple of times a day until after the 4th of July Holiday.
I need mely UBI number, can anyone tell me where to get it
I am trying to track down the location in Seattle by the public information for the permits
Great News!!! as I said in a previous post the biggest customers of the data centers were building there own power/cooling centers. I had no Idea Mely would make that move before starting the first 100 servers up. electricity in Washington state is near the same as for Vancouver and fairly cheap hydroelectricity
What the gigawatt is happening with the mely communications...trying to keep calm and carry on while playing with my gooogely and watching a YouTube clip of back to the future
Vancouver B.C. is same time as zone as Cal PST
Just for giga giggles I converted backwards how many bitcoins could be unleashed with a gigawatt of power
looks to be a block of 25 every 57 seconds or so... thats roughly 15000.00 per minute or 900000.00 an hr at current prices
mind boggling but obviously a sense of humor
Gigawatt to watts conversion table
Power (gigawatts)
Power (watts)
0 GW 0 W
0.000001 GW 1000 W
0.00001 GW 10000 W
0.0001 GW 100000 W
0.001 GW 1000000 W
0.01 GW 10000000 W
0.1 GW 100000000 W
1 GW 1000000000 W
Bitcoin difficulty
Bitcoins per Block (BTC/block) 25
Conversion rate (USD/BTC)
Hash rate TH/s 100000
Electricity rate (USD/kWh)
Power consumption (W) 1000000000
Results
Difficulty 13,462,580,115.00
Mining Factor 100 0.00 USD/24h@100MHash/s as in these charts
Average generation time for a block (solo) 57 seconds (can vary greatly depending on your luck)
Coins per 24h at these conditions 37356.4492 BTC
Revenue per day 22090736.24 USD
Corporate update implies to me there is more news than servers have shipped or arrived.. my guess phase two in progress and another 100 servers have been ordered or are in negotiations for and or the possibility of a better finance option has materialized...
Update on server order would say update on server order IMO
MELY MELLY MELLLY BOOM!
Really happy to have subdued my impatient side ..
For the last couple of weeks. Can't wait for tomorrow
Heading down to surf my favorite point break with a MELY smile
And as bwalman says ENJOY THE RIDE !!! $$$
Old people use the yellow pages young people use yelp
Look at there stock prices. yellow pages have been on a serious decline for years and online directory is growing. takes time
Ever see a stock PPS and wonder what it would have been like if you had bought at the very very bottom and rode it to its glory
Here is a great potential for that to happen the question is what will you do
MELY $$
BOOM!! Just like that BOOM!!
My guess is that not only will the new severs be arriving soon but they are already in negotiations for another 100 servers (phase 2) after all who calls anything phase 1 if there are no other phases... no one. If the servers pay for themselves in half the time the money borrowed to purchase them comes due to me it is a great situation to be in for any company with only the server supplier being the potential holdup,If there terms are cash up front and wait for the servers.
MELY BOOM!!
Mely BOOM time imminent... patience will be rewarded here
Any minute now there will be a update...anyone claiming to be selling today is lying about something or just seriously retarded.
LOL no disrespect intended
Jack squat this from the last PR June 4
The company has ordered under a PO. And fully paid in advance for 100 - 1 TH/S BTC Mining Servers.
Pursuant to the delivery schedule indicated by the supplier, the company should receive the first shipment of servers in the third week of June, with a series of deliveries each week until fulfilled by months end. The company will provide shipping and receiving updates as well as establish the mining servers on the BTC pool party, mining pool as they become available.
I believe you are right its definitely the wave of the future
And this is why
MELY will be a leader.. and there will be others to follow although most I believe will not be public traded.
Cloud server companies that lease there equipment(a location with large amounts of power and cooling systems that lease server space)are losing there customer bases which have been predominately in the porn industry.
Some of these server companies have lost a good portion of there business due to the government cracking down on child pornography and seizing equipment at the server locations. This has happened and even if the server company has done nothing wrong they still are somewhat liable for providing the servers and if the servers are suspected to have child pornography on them they will be confiscated with no if ands or butts just confiscated. This has made other server companies gun shy and discontinuing doing business with there biggest customers "the porn industry" and or the porn companies growing big enough or having to build there own personal commercial sized server systems. This has led to large revenue losses to server companies leasing there equipment.
So this leads me to MELY, what do you do with a room full of power and cooling systems all ready to go that's not producing revenue like it used to. I know what MELY is doing with it.. and I am very happy to be here before the PPS skyrockets
Information on what's happening in the Server business from a privately held server company associate and friend of mine.
Do your own DD GLTA
link to the latest bitcoin news $$ MELY $$
http://www.cryptocoinsnews.com/
Expect to see phase 2 rollout soon after phase one goes live and phase 3 and so on....
I assumed 2000.00 each for the 100 - 1 TH/s severs ordered and the hardware payback is 107 days with the loan payable in 180 days.
With this in mind the first 100 severs will cover all costs, pay back the loan in full and also pay for the next 100 severs before the 180 days are up for them also.It looks to me like phase 2 will be pure profit at that point with phase 1 paying all costs including phase 2 power usage.
If there are more 100 server orders after the 2nd and I don't see why there would not be when the 200k equipment pay back is a little over 3 months then I believe there is potential for the MELY pps to reach multiple penny by the end of the year.
Bitcoin rate was last week, power rate based on Vancouver BC rates, hardware assumed at 2000.00 each
This is my best guess as to what will or can happen by just running some numbers through the bitcoin profitability calculator
Link below to calculator
MELY phase 1 / bitcoin calculator
Bitcoins per Block (BTC/block) 25
Conversion rate (USD/BTC) 576.00. Today rate
Hash rate TH/s GH/s MH/s 100 TH/s
Electricity rate (USD/kWh) .19
Power consumption (W) 100000.00
Time frame (months) 6
Cost of mining hardware (USD) 200000.00
Profitability decline per year 0.61
Results
Difficulty 11,756,551,917.00
Mining Factor 100 0.00 USD/24h@100MHash/s as in these charts
Average generation time for a block (solo) 5 days, 20 hours (can vary greatly depending on your luck)
Hardware break even 107 days
Net profit first time frame 115411.63 USD (6 months)
Coins per 24h at these conditions 4.2777 BTC
Power cost per 24h 456.00 USD
Revenue per day 2463.98 USD
Less power costs 2007.98 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 83277.00 USD
Revenue per time frame 398688.63 USD
Less power costs 315411.63 USD
1 year revenue assuming 25 bitcoins every 6 days at 576.00 for one year is 875,399.98
http://www.bitcoinx.com/profit/
do your own calculations.. this is my best guess low ball calculation
Criminals must be stopped, yeah right criminals use US dollars in cash to do whatever they do and that's not traceable..
Most new technology has a dark side like cell phone texting and driving or the internet being used to organize terrorist, Im sure the FBI feared these things also and it doesn't seem to be going away does it.
I suspect anything you see or read against Bitcoin will mostly be driven by the banks who stand to lose the transaction fees (48 billion in the US in 2009)
48 Billion ++++ in transaction fees... follow the money
This is why Bitcoin will live on
http://www.ilsr.org/soaring-credit-card-transaction-fees-squeeze-independent-businesses/
875,399.98 reasons to buy MELY
MELY phase 1 / bitcoin calculator
Bitcoins per Block (BTC/block) 25
Conversion rate (USD/BTC) 576.00. Today rate
Hash rate TH/s GH/s MH/s 100 TH/s
Electricity rate (USD/kWh) .19
Power consumption (W) 100000.00
Time frame (months) 6
Cost of mining hardware (USD) 200000.00
Profitability decline per year 0.61
Results
Difficulty 11,756,551,917.00
Mining Factor 100 0.00 USD/24h@100MHash/s as in these charts
Average generation time for a block (solo) 5 days, 20 hours (can vary greatly depending on your luck)
Hardware break even 107 days
Net profit first time frame 115411.63 USD (6 months)
Coins per 24h at these conditions 4.2777 BTC
Power cost per 24h 456.00 USD
Revenue per day 2463.98 USD
Less power costs 2007.98 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 83277.00 USD
Revenue per time frame 398688.63 USD
Less power costs 315411.63 USD
1 year revenue assuming 25 bitcoins every 6 days at 576.00 for one year is 875,399.98
http://www.bitcoinx.com/profit/
do your own calculations.. this is my best guess low ball calculation
Been here since April 3.. looking forward to the last week in June
And hope we get an update soon that the severs have been shipped.
Still a little disgruntled at the PRs lack of details but at the end of the day it is what it is and soon enough the servers will be online and crappy PRs or not MELY will be banking some serious bitcoin.
Thank you but is it due to band width or complexity of the equation vs hash power or ?
Can someone explain to me the reason for the hash rate fluctuations that are happening on the MELY pool.
Ok I did the math.. took me awhile and called the electrician to verify I did it right. Thanks for the numbers
Very nice profit, no wonder they want the servers right away they can probably pay the loan off for the 100 miners before it converts and also there entire debt in a short time
Another 100 server order after this would send mely to the moon with a truck load of bitcoin.
I get it now, I'm staying in for the long haul and maybe even start mining myself.
Bitcoin is up 250.00 in the last 30 days... since you are mining with Mely you are getting a double whammy ...
Can you tell me approximately how many KWH it takes for a 1 TH/s server to produce a bitcoin
Lol sorry I just needed to vent a little and the less than desirable PR person was an easy target.
I will keep calm and carry on or have fun with captcha..
If Mely gives me some details on the purchase, delivery date and performance
Mely PR person is less than desired in my opinion and might even be the same person doing the updates on the website.
Mely has a great plan going on here with the bitcoin miner purchase and communicates to us that lame pr this morning wich says nothing specific about there plans. Similar situation going on over at tbev with pro communication skills and look what happens to them today. 500% gain at one point..
I'm long from 19 and will continue to sit it out..
Keep calm and carry on as the Bozo PR person says
Excited to see how this pr will affect the pps, did you end up investing in Horizon... I see there on the QB now..the Jones act is killing them slowly.. the original law was designed to protect American jobs, but now they can't afford new American ships to be built at three times the cost of foreign. Alexander and Baldwin separated Matson lines from there stock for some reason... isolate the loser maybe ?be careful there
Mely is going to sail tomorrow
Bitcoin at 680.00 $$MELY$$
http://bitcointicker.co/
Bitcoin demand is on the rise, if it continues at this pace someday in the future a bitcoin can be worth 100 or even 1000 times what it is today.
A pre-defined schedule limits the total number of bitcoins so that they gradually approach a total of 21 million (ignoring those that have been lost through deleted or misplaced wallet files). The limit of 21 million bitcoins is "hard-wired" in to the protocol, and there will never be more bitcoins than this
http://bitcoin.stackexchange.com/questions/161/how-many-bitcoins-will-there-eventually-be
With the world population at 7 Billion and counting and there can only be a max amount of bitcoin of 21 Million the supply can easily be outweighed by the demand with a very small proportion of the world population wanting to own one, two or even hoarding a collection.
Just my thoughts
Bitcoin up 9.00 to 672.00 in the last hr
http://bitcointicker.co/
Real time bitcoin ticker link
http://bitcointicker.co/
I wanna slap the updater lol
$$Very soon$$ MELY with big news
Its 10:48 PST now
Welcome to the btcpoolparty bitcoin mining pool. We are currently in BETA in preparation for additional mining units.
** 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.
Bitcoin up 608.00 today. Go MELY
http://www.coindesk.com/price/
From the 10Q this will help Mely for 2014 and 2015 taxes
The Company has net operating losses carried forward of approximately $1,693,730 for tax purposes which will expire in 2025 if not utilized beforehand.
Yeah me to, I had a suspicion though because they shut the sight down on sat for the electricians to come in and run a new larger service in and they would not have needed to do that if they were only adding 10
Original date was Sept 1st, now moved up to around July 1st. two months ahead of the original schedule
Microelectronics Technology Corporation Secures Bitcoin Mining Server Supplier
Microelectronics Technology Co. (PC) (USOTC:MELY)
Historical Stock Chart
2 Months : From Mar 2014 to May 2014
Click Here for more Microelectronics Technology Co. (PC) Charts.
Microelectronics Technology Corporation Secures Bitcoin Mining Server Supplier
MONARCH BAY, CA--(Marketwired - Apr 16, 2014) - Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY), is pleased to announce the Company has negotiated with a Bitcoin equipment supplier for the acquisition of the 100 Th/s Bitcoin Mining servers.
The agreement calls for the initial delivery of three (1TH/s servers) Bitcoin mining servers to the companies Dynamo server co-location facilities for installation and testing.
Upon the determination of the performance abilities of the servers and the power consumption profile has been established, the company has agreed to take delivery of ten (1 TH/s servers) every two weeks for the next twenty weeks.
Upon completion the company will have established the planned first phase 100 TH/S BTC Mining Center by September 1, 2014
The company anticipates the launch of its Bitcoin Mining pool May 1, 2014.
MELY $$$$ my post from 5/21 might help you figure it out
Lymans Wednesday, 05/21/14 10:23:36 AM
Re: None
Post # of 19589
MELY 100 TH/S = 9.71 btc per day ($4805.00 per day at todays price)
($1,753,825.00 year) and 100 servers is just the start.
Read the PR's please
IMO its to bad they cant buy 50 servers a month to get the bitcoin machine going faster...or can they ?
The 1 TH/s server has operated on the BTC Guild mining pool for approximately 84 hours and produced 0.34 BTC to date.
This testing phase indicates that the 1 TH/S server should produce BTC in the range of 0.0549 to 0.0971 per 24 hour period per server.
The company anticipates that the increase in the number of servers will provide for a higher yield per server per 24 hour period.
The company has confirmed that the 2 additional 1 TH/s servers are shipped and will be delivered by Tuesday, May 20, 2014
Upon delivery the two additional 1TH/s servers will be tested in similar fashion prior to ordering the next ten 1 TH/s servers.
The delivery time for the servers has varied to date however the company is confident that the delivery schedule will stabilize with the order of additional servers on a regular basis. The company is pleased that it has secured a consistent supply of BTC Mining servers that deliver on schedule.
The company will be providing updates on the BTC Mining beta testing results on a regular basis