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In this Economy - Bankruptcy can happen to any Business or Person at any time. Americas Debt to Income Ratio is off the chart. As long as MELY follows a sound business structured PLAN And Bitcoin increases in VALUE. All of us investors will profit.
GO MELY
Macroaxis seems to be more accurate on O/S structure than Pinksheets.com. MELY is positioned for growth and profit. MELY has solid management for change and success now. GO MELY
Hey you all check this site out http://www.macroaxis.com/invest/symbolDashboard/MELY
Woo Hoo. I doubled my money. Go MELY
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SMA Alliance, Inc. Approves a Loyalty Stock Dividend
Jan 17, 2014
OTC Disclosure & News Service
SMA Alliance, Inc. Approves a Loyalty Stock Dividend
NASHVILLE, TN--(Marketwired - Jan 17, 2014) - SMA Alliance, Inc. (PINKSHEETS: SMAA) announced today that, pursuant to a special meeting of the Board of Directors, the Directors have passed a resolution approving a stock dividend to all stockholders of record. The exact timing and setting of the official record date will be shortly announced pending FINRA's final approval.
In anticipation of the implementation of the company's new goals and objectives, and as a reward for the past loyalty and patience the shareholders have shown, the Board has approved a Stock Dividend that will pay all shareholders of record a 10% stock dividend. This dividend would issue each shareholder 10 new SMA Alliance, Inc. shares for every 100 held.
The company has requested a record date of 1/29/2014 with a distribution date of 2/3/2014. New share certificates will be mailed directly to all qualifying shareholders of record by the Company's Transfer Agent within 30 days of the Record Date. The Company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates.
"We have approved this Stock Dividend to reward the loyalty and patience the shareholders have shown and look forward to their continued loyalty as we implement our growth plans and focus into the new year," stated Troy Martocia, C.E.O. of SMA Alliance, Inc.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees", "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Investor Relations
SMA Alliance
Email Contact
I like the way you think towerclimber92. I am from Washington State and you are right about KW power cost and it is cool there. There is also another Bitcoin Mining Company in the Spokane area that is privately owned that is mining 8 million dollars of Bitcoin a month. I believe Brett has and is working a great manageable plan. Investors need to be patient. Rome was not built in a day or even in a few months.
I did also! A few million more. We are trusting Investors. I hope Brett and Company are faithful stewards with OUR MONEY.
Thank You AMI.
The Stock Market such as MELY is an INVESTMENT. CAN WE ALL SAY INVESTMENT. This means we invest so the company will hopefully grow and we make a profit on our MONEY. DUUUUUUU
Bitcoin, the best-known cryptocurrency, recently slipped under the $400 mark, a former price floor that some viewed as a bulwark against further price pressure.
Currently trading for $338.83, bitcoin is down $29.06 in the past 24 hours, or around 7.9 percent. From its all-time highs, bitcoin is down around 70 percent.
For historical context, here’s the chart, with the current price correlated, roughly, to the last time that bitcoin was this cheap. Or put, another way, bitcoin has burned off nearly all of its former heights:
What is driving bitcoin’s price down? Some blend of profit taking, negative price pressure created by new ecommerce adoption, less market interest, I’d hazard. A better question might be what could cause the current bitcoin slide to reverse course.
It isn’t just the folks who held onto their bitcoin that are hurting, however. The revenue of bitcoin miners, who have invested heavily around the world to build infrastructure that powers the bitcoin network, have seen their incomes greatly decline.
According to Blockchain.info, miner revenue is down from a high of more than $5 million per day, to under $1.5 million today. And that on the back of the fact that ‘mining’ itself is becoming more difficult.
So call it a bitcoin trough. Good news? There appears to be a recent trend towards increasing transaction volume across bitcoin, which could imply growing global interest in the cryptocurrency. We’ll see
BITCOIN THE NEW FUTURE CURRENCY
Bitcoin Brands to Expand ATM Roll Out to New Hampshire
7:00 AM ET 9/16/14 | Marketwire
Bitcoin Brands Inc (PINKSHEETS: //// today announced that it expects to offer bitcoin sales via ATMs in the State of New Hampshire.
The company received a favorable "No Action" request from the State of New Hampshire Banking Department. A copy of the letter is available on the company's blog located at www.cephasbtc.tumblr.com.
"We are pleased to have the opportunity to bring bitcoin ATMs to New Hampshire. It is a win for our company, the bitcoin community and most importantly for the people of New Hampshire," added Peter Klamka President of Bitcoin Brands Inc.
Bitcoin Brands presently has bitcoin ATMs in Michigan and Montreal. The company is completing placements in additional Michigan locations as well as in Las Vegas. Bitcoin Brands is targeting Nashua and Manchester for the initial ATM locations.
The company's plan is to become the leading publicly traded operator of automated bitcoin vending solutions.
My Brother in Law was one of the 75 that started Intel. I know how these things start out slow. My friend Matt who is a Computer Genius has schooled me on Bitcoin Currency. I believe that as the world becomes more unstable and insecure in paper currency. Bitcoin Currency with hopes of new ways to protect our investments, purchases and use of Bitcoins, Bitcoins will become the money of our Future. As we see here on this site. They have Bitcoin ATM machines - plus Educational programs to school us on how to mine, purchase and use this new and evolving Currency.
MELY Is a new company, They have a Business Plan and it is in action. This is a long term investment. I do not see a return on my Investment Capital immediately. I do see an opportunity for buying more shares at a very cheap price. Eventually I will as others will reap a Financial Windfall for believing in a Company as MELY grows Financially in Mining more Blocks.
MELY Security Details - Pinksheets.com
Share Structure
Market Value1 $413,026 a/o Aug 14, 2014
Shares Outstanding 258,141,299 a/o Jan 20, 2014
Float 4,066,845 a/o Apr 11, 2013
Authorized Shares 1,000,000,000 a/o Apr 11, 2013
Etrade
OTC Pink - Current Information Real Time Quote Last Trade as of 3:59 PM ET 8/14/14
Previous Close 0.0016
52 - Week Range 0.0005 - 0.0045
4/2/14 - 9/6/13
Avg Volume (10 days)
26,473,494
Market Cap 1.6 M
Shares Outstanding 1.0 B
Welcome to Bitcoin Boulevard in Cleveland — No Cash Needed on This Street
Catherine Bleish
Aug 12,2014
Welcome to Bitcoin Boulevard in Cleveland — No Cash Needed on This Street
Bitcoin Boulevard (Illustration: Dennis Spaans/Facebook)
Last month our family spent nearly a month living on the road while spending bitcoin only. One of the most exciting and delicious stops on our 24-day journey was Bitcoin Boulevard in Cleveland Heights, Ohio.
The exterior of The Tavern Co. on Bitcoin Boulevard. (Photo: Cat Bleish)photos seen on yahoo.com
Unfortunately, for those of us crazy enough to travel using bitcoin only, the food you will eat may get a little redundant. With bitcoin currency still in the early days of adoption, restaurants that accept bitcoin directly are few and far between. In fact, our menu was often restricted to the spots available on gyft.com or egifter.com, two gift card providers that allow you to use bitcoin to purchase cards for a variety of establishments.
Related: This Family Is Road-tripping Using Just Bitcoin
The author's husband ponders his order on the Boulevard. (Photo: Cat Bleish)
After nearly three weeks of chain restaurant visits, our stop at Bitcoin Boulevard left our bellies full and our taste buds delighted. Upon our arrival, the founders of this effort, Nikhil Chand and his wife, Rebecca, greeted us in the driveway of their vintage 1920s home. As we strolled through their neighborhood toward our dinner spot, we discussed how they had set up more than one dozen businesses on Lee Road (aka Bitcoin Boulevard) to accept bitcoin through the third-party merchant processor, BitPay.
Our first stop was the Tavern Company, a restaurant and bar in the heart of Bitcoin Boulevard. The owner greeted us out front and helped us find a seat that would accommodate our group. I ordered the Salmon “Row” Salad and a glass of the house cabernet. My husband, John, ordered a gluten-free beer and chicken wings.
Related: Can You Travel on Bitcoin Alone?
When my meal arrived, I was delighted at the presentation of the salmon laid out on rows of ingredients, including pearl barley, mushrooms, balsamic onions, chopped spinach, sun-dried tomatoes, and feta, all topped with vinaigrette. I devoured every morsel on my plate. John, a chicken-wing connoisseur, said his meal was equally delicious. We ordered a second round of drinks and attempted to enjoy our company as our stir-crazy kids became increasingly rambunctious.
Watch: Blockchain’s Bitcoin Wallet Surpasses Two Million Users
I took the kids for a stroll through the bitcoin tourist destination while my husband finished up and made the bitcoin payment seamlessly via BitPay. Interestingly enough, the state of Ohio does not allow alcohol to be sold for bitcoin, so we bought Nikhil and Rebecca their dinner and they paid cash for our drinks.
Ice-Cream-Sweetie-Fry
Ice Cream at Sweetie Fry (Photo: Courtesy of Sweetie Fry/Facebook)
We reconvened a block and a half down the road at Sweetie Fry to try some handmade ice cream, again paying with bitcoin. The ice cream shop had a unique and diverse set of flavors, including French toast. With every scoop, you got a second miniscoop of another flavor loaded on top.
I had the dark chocolate and peanut butter flavors, while my daughter enjoyed strawberry topped with French toast. Once again we paid with bitcoin directly through BitPay. Neither of these establishments had trouble accepting our payment and seemed accustomed to casually receiving payment with the cryptocurrency.
The-Katz-Club-Diner
The Katz Club Diner (Photo Courtesy of The Katz Club Diner/Facebook)
When we woke the next day, we visited the Katz Club Diner further down Lee Street, or Bitcoin Boulevard.
The diner offered local foods and had many gluten-free options, including gluten-free bread. Our kids got the pancakes with local cherries and local syrup on top.
Related: How to Get Everything for Pennies on the Dollar
I had an egg scramble dish with goat cheese and black beans, and crispy tortillas underneath. I felt like I could have stayed there all day; every bite left me craving more. The coffee was delicious as well. We purchased our meal easily with bitcoin through the BitPay application on an iPad, but only after getting two gluten-free cookies for the road. This was one of the most expensive meals we had on the trip — over $75 after the tip — but very much worth it.
Our stay in Cleveland was brief, and we left longing for more. I never would have considered Cleveland Heights a tourist destination before receiving our invitation to check out Bitcoin Boulevard. If you are a food lover and interested in trying your hand at bitcoin-only travel, I would suggest you book a hotel with bitcoin on CheapAir and stay in Cleveland Heights. Every bite of every meal was simply amazing. What a fabulous “bitstop” on our journey.
Want more like this? Follow us on Facebook and Twitter so that we can inspire you every day.
Catherine Bleish (@TheBitMom) runs TheBitMom.com blog and podcast. She also hosts an online bitcoin consignment shop at ConsignBit.com. You can follow her journey toward a more voluntary and natural life through the Sovereign Living blog or the Sovereign Living TV reality show. She speaks at events across the country about natural living, alternative currencies, and raising sovereign children.
Bitcoins are being accepting by more and more travel companies. (Photo: Thinkstock)
We haven’t yet reached the point where you can seamlessly book an entire vacation using Bitcoin, but it is getting easier and easier for consumers to use the virtual currency to pay for various bits and pieces of their travel and even to keep track of their rewards points.
(Check out this FAQ on Bitcoin if you want to brush up on the currency)
Last month the online travel agency CheapAir.com started accepting bitcoins to make reservations at more than 200,000 hotels around the world. Shortly afterward, CheapAir announced that their customers could also book their Amtrak train travel using Bitcoins.
For luxury hotels, back-end revenue management engine Revpar Guru has built an entire booking widget around Bitcoin in preparation of its adoption by globetrotters. Their tech platform not only allows for hotel payments at locations like D Casino Hotel and Golden Gate Hotel & Casino, but it allows international customers to deposit bitcoins into accounts that can be used for sundry items so that they never need to exchange currency.
image
A visualization of bitcoins (Photo: Thinkstock)
The rewards site PointsHound, which aggregates your points and miles when you book travel, is now offering Bitcoin as a reward redemption option.
This was all pretty small potatoes in the travel world until very recently. Traveling on Bitcoin’s virtual dime got an added air of legitimacy last week when one of the major players in the travel market finally began accepting the currency. Expedia.com now accepts the virtual currency for payments for hotel rooms on their website.
“We’re continually looking at ways consumers want to pay for their travel; Bitcoin is a great example of how Expedia is investing early in an array of payment options to give our customers and partners more choice in the ways they interact with us,” said Michael Gulmann, Vice President, Expedia Global Product.
THE TRUTH IS THIS is an Investment. As Investors we are in reality partners. I do believe Joel is working MNGG as for the best Interest of all the Investors. I am just going to be Patient and see what kind of money I make through Joel's CEO Leadership
Shares Outstanding 3,548,788,817 a/o Jul 31, 2014
Float 1,841,932,873 a/o Jul 31, 2014
Authorized Shares 5,100,000,000 a/o Jul 31, 2014
Par Value 0.001
o/s 3,548,788,817
f/s +1,841,932,873
a/s =5,390,721,690
I see that we are being scammed still. MNGG has put allot of Investors money in making their site look real pretty.
but the VOLUME IS OVER 301,000,000 and the ASK IS STILL @ .0002
WHAT IS WRONG WITH THIS PICTURE
You are right the A/S math is not right.
MNGG Security Details
Share Structure
Market Value1 $709,758 a/o Aug 06, 2014
Shares Outstanding 3,548,788,817 a/o Jul 31, 2014
Float 1,841,932,873 a/o Jul 31, 2014
Authorized Shares 5,100,000,000 a/o Jul 31, 2014
Par Value 0.001
o/s 3,548,788,817
f/s +1,841,932,873
a/s =5,390,721,690
I see that we are being scammed still. MNGG has put allot of Investors money in making their site look real pretty.
but the VOLUME IS OVER 301,000,000 and the ASK IS STILL @ .0002
WHAT IS WRONG WITH THIS PICTURE
When YTRV starts posting revenues profits of the Mining Operation online trading sites.
There will be change of INCREASE IN SHARE VALUE.
FIRM LIKES CHEAP SHARE PRICES
I am buying as much as I can afford.
There is NO DILUTION. There is NO TRUST, which has created NO BUYING. Which leaves us day in and day out THE SAME.
.0002-.0003
If we buy 1 million shares @ .0003 per share or $300 plus brokerage fee. Then according to the .05 to 1 oz. per ton. this will net us between $3200.00 - $6400.00 per million shares. Buy more shares!
10 million share at $3000.00 will bring $32,000.00 - $64,000 on your investment of $3000.00 @.0003 per share. That is a HEFTY RETURN ON YOUR INVESTMENT.
PINKSHEETS.COM has records of OTC stocks that are up to date.
According to PINKSHEETS.COM OTC Official Site
YTRV Security Details
Share Structure:
Market Value $495,863 a/o Jul 11, 2014
Shares Outstanding 2,479,316,217 a/o Jul 07, 2014
Float 2,362,516,217 a/o Jul 07, 2014
Authorized Shares 5,100,000,000 a/o Jul 07, 2014
YTRV - the Company a windfall of revenue in the $16,250,000-$32,000,000 range.
YTRV Having 5 Billion shares (O/S & floating) the value of shares with revenue as stated above will be from .0032 - .0064 per share.
If I own a million shares, this will give me between $3200.00 and $6400.00 I can make a nice return on my investment. Thanks YTRV
Mining Global Releases Assay Results from Congress Contract
Jul 14, 2014 07:08:00 (ET)
WICKENBURG, Ariz., July 14, 2014 /PRNewswire/ -- Mining Global, Inc. (OTC Pink: YTRV) announced today that it has released the assay results from the ore it recently processed from the Congress Mine contract. The Company successfully processed approximately 70 tons of ore in the last week out of which it has claimed nearly seven ounces of gold weight. This corresponds with assay results indicating from 0.05 to 0.1 ounces of gold per ton.
"After a hard week's work, this test will be the model for what we can expect when we hit full capacity," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "Having this news shows everyone we did make the right decision in moving forward with the Congress contract."
The Company plans to process as much as 250,000 tons of material from the Congress contract, which could produce as much as 12,500-25,000 ounces, if the assay numbers hold constant. With gold prices in the $1,300 range, this scenario could yield the Company a windfall of revenue in the $16,250,000-$32,000,000 range.
The Company "YTRV" has purchased two Knelson KCCD30 Concentrators that will process 75 to 150 tons per hour per machine and a total of 1200 to 2400 tons of ore a day. Pictures can be found on the Company's website.
Centre Discharge (KC-CD) Knelson Concentrators
Until the introduction of the XD series, the Knelson Centre Discharge series (KC-CD) was the industry workhorse and most widely used centrifugal equipment for precious metal recovery. The Knelson KC-CD concentrator has now become the machine of choice for most alluvial mining operators where conditions are generally less severe than those present in hard rock mill environments. The Knelson CD series is also an economical alternative for applications where project economics may not support the purchase of a premium class KC-XD unit. While the CD series provides a cost effective alternative to the XD series concentrator through the use of carbon steel construction, it still provides precisely the same high level of metallurgical performance as the XD model line of centrifugal concentrators.
Learn more about the Centre Discharge (KC-CD) semi-continuous Knelson Concentrator.
Carlson said his Bitcoin facility, which has about 10 employees, has roughly 1 million computer chips working together churning through huge piles of data. On average, his company produces around 100 bitcoins per day, or at the current dollar-to-bitcoin exchange, roughly $50,000 per day
By Tom Sowa
The Spokesman-Review
MegaBigPower CEO Dave Carlson inside what he believes is the biggest bitcoin-mining business in the United States.
Tom Banse / NW News Network
MegaBigPower CEO Dave Carlson inside what he believes is the biggest bitcoin-mining business in the United States.
SPOKANE — When two Stanford University grads wanted to start a bitcoin company, they looked for the lowest power rates in the country.
A map comparing energy rates led them to Central Washington, where hydroelectric dams churn out electricity that costs industrial customers less than 2 cents per kilowatt.
HashPlex, the business launched by Bernie Rihn and George Schnurle, is one of several bitcoin-mining companies operating or preparing to launch in Grant, Chelan and Douglas counties. All three counties have public-utility districts that offer very low power rates to industrial customers.
In this case, mining has nothing to do with metals. It’s the term in the tech world for how the virtual currency bitcoin is made.
Bitcoins are a form of currency composed of long, unique strings of digital characters. Each bitcoin can be used or exchanged by people who accept it as a form of payment. Its value fluctuates with supply and demand; each bitcoin currently is worth about $500.
It can’t be easily counterfeited and is owned anonymously, making it popular for digital and international transactions.
Explaining the complex system of how many bitcoins are “mined” reads like a course in cryptography and electrical engineering. In short, a person can mine bitcoins by using computers to crunch vast amounts of data until they generate a unique code or “block.” That block has to be compared against all other existing blocks and then validated.
At that point the operator has created a set of valid bitcoins that are registered across the worldwide network of bitcoins. Currently, the bitcoin-mining rules limit global production to about 25 every 10 minutes.
Rihn and Schnurle and others in the bitcoin-mining industry never announce grand openings or open houses. Because they generate a virtual currency that has real monetary value, the managers of bitcoin-mining firms don’t disclose locations.
Patrick Boss, government-affairs specialist with the Port of Quincy, Grant County, said the heightened interest in Central Washington stems from a word-of-mouth awareness among entrepreneurs.
“I am only personally aware of two bitcoin-mining firms locating in Grant County,” Boss said. “But I’ve been told that at least five others are in the process of locating in the area.”
Until a few years ago, no one in Grant County — or most other places — knew what a bitcoin was. Now business leaders there understand that bitcoin mining is the latest wave of technology business chasing cheap power, following tech companies like Dell, Microsoft, Intuit and Yahoo, which erected large data centers in Grant County.
Emily Braunwart, accounting and communications manager with the Grant County Economic Development Council, said her group is not actively recruiting bitcoin-mining firms.
“We have been getting some calls of interest by those companies and most of that is because they’re finding us,” Braunwart said.
In a warehouse near Wenatchee in Douglas County, Everett entrepreneur Dave Carlson runs a bitcoin business called MegaBigPower. It’s one of three MegaBigPower sites, including one in Poland.
Inside the 5,000-square-foot building are long rows of racks and shelves holding computer boards connected by cables to hundreds of other computer servers that keep track of what the boards are doing.
Carlson has been featured in several major publications, where he’s said his business is likely the largest bitcoin-mining business in the United States.
Like Rihn, he doesn’t want to disclose his specific location.
Carlson said his facility, which has about 10 employees, has roughly 1?million computer chips working together churning through huge piles of data. On average, his company produces around 100 bitcoins per day, or at the current dollar-to-bitcoin exchange, roughly $50,000 per day.
Carlson quickly explained that most of the revenue goes to a principal investor, a European businessman who invested most of the capital to start the company.
In a recent online article, Carlson said his own take is roughly 10 to 20 percent of the coins generated.
Mining those bitcoins is costing Carlson roughly $50,000 per month in PUD power bills. That’s for the energy to drive the computer chips and operate hundreds of fans that pull heat from the building.
Because of how the bitcoin universe operates, as more and more miners worldwide compete against each other to produce bitcoins, the computational effort for each new set of bitcoins requires more time and more power, he said.
Two years ago people could download software on their home computers and generate bitcoins, even though the process took lots of time, Carlson said.
Carlson said the arms race among bitcoin miners isn’t just to find the cheapest power rates.
“It’s also about designing computer boards and processing chips that are even more efficient than what we have now,” he said.
Rihn and Schnurle’s business plan is to be a server farm or host for bitcoin miners who don’t have the space or access to low-cost energy to operate efficiently.
HashPlex invites those miners — whether large-scale or mom-and-pop size — to send their customized mining computers to its Washington facility.
HashPlex won’t own those machines, but its staff will manage the equipment and keep them linked to the bitcoin network and working properly.
HashPlex will charge a fee based on the amount of electricity the individual mining machines consume, Rihn said. He didn’t have a date for when the new HashPlex building will open.
The company recently opened a mining facility in South Seattle, Rihn said.
Bitcoin Mining Operations Set Up in Washington State
Sunday, May 25, 2014 - 1:00pm PDT by James Brasuell
Energy, Technology, Washington
The computing power required to mine bitcoins has drawn companies to Washington for the state's cheap, hydroelectric generated power.
"Following the lure of cheap electricity, Bitcoin miners and their power-hungry server farms are making out for sleepy little towns in the Pacific Northwest," reports Sarah Zhang.
Although it doesn't have the same environmental impacts as an aggregate mine or, say, fracking, the production of bitcoins still requires the use of natural resources. "Although Bitcoin is a digital currency, mining it still has a gigantic physical footprint. That's because computers 'mine' Bitcoin by solving a cryptographic equation. To mine more Bitcoin, you need more computing power. Or you can just have more computers."
That means electricity, and in Washington that means hydroelectric power. "Last year, Bitcoin miners were sucking up an estimated 1 million kilowatt-hours per day. That's a hefty electric bill right there. But Washington has some of the lowest electricity rates in the country—less than 2 cents per kilowatt-hour for industrial customers in certain area. The average U.S. household pays something more like 12 cents a kilowatt-hour."
Full Story: Why Bitcoin Miners Are Moving to Tiny Towns in Washington State
Published on Wednesday, May 14, 2014 in Gizmodo
Related links:
•Northwest's cheap power drawing bitcoin miners
Tags:
Bitcoin, Mining, Hydroelectric, Server Farms
World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month
Posted on March 11, 2014 by Justin Soo
World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month
World's-Largest-Bitcoin-Mining-Operation-that-is-Earning-8-Million-a-Month
The largest Bitcoin mining operation in North America is earning its owner $8 million worth of Bitcoins a month. Dave Carlson is running the Bitcoin mining facility in two warehouses at an undisclosed location in Washington state.
Carlson invited a local Seattle station, KOMO News to take a look inside the mining facility which he said is “the largest mine in North America and most of the rest of the world.”
The whole space is filled with rows and rows of specially designed Bitcoin mining rigs that would do the actual mining. The combined processing power reached one thousand trillion calculations per second or one petahash.
“It is not any different to any gold rush in history and we are absolutely running as fast as we can to grow,” said Carlson. To put it into perspective, the same processing power that these mining rigs are pulling are only crossed on the entire Bitcoin network just about six months ago.
Carlson indicated that the mining operation is using 1.4 megawatts of electricity, which is enough to power a town. According to him, the relatively cheap and stable electricity supply in the Washington-state area makes this operation possible.
MELY uses Vancouver Canada, When Britain lost its lease for the Island of Taiwan to mainland China. The wealthy Taiwanese moved to the Vancouver, Canada area. It makes sense that MELY that has a History with Taiwan, would have an established business plan with the Vancouver area. Also, Washington State is a very wealthy Technology and Financial area. Plus the cost of electric power is the cheapest in our Nation. Plus. It is right across the border from Canada. Ya think.
Washington State is one of the Cheapest Energy States in America. Mega amounts of Hydro Power in Washington.
Average Retail Price of Electricity by State
Source: U.S. Energy Information Administration
Census Division Residential Commercial cost by State
New England 16.97 14.54
Connecticut 20.57 16.11
Maine 15.29 12.3
Massachusetts 15.89 14.44
New Hampshire 16.25 13.9
Rhode Island 15.11 13.59
Vermont 14.93 12.94
Middle Atlantic 14.47 12.69
New Jersey 15.63 13.07
New York 16.99 14.49
Pennsylvania 11.59 9.43
East North Central 10.78 8.84
Illinois 11.1 8.06
Indiana 9.15 7.9
Michigan 11.58 9.76
Ohio 10.61 9.54
Wisconsin 11.55 9.24
West North Central 8.57 6.93
Iowa 9.13 6.74
Kansas 9.56 7.79
Minnesota 9.57 7.57
Missouri 7.6 6.08
Nebraska 8.02 6.99
North Dakota 7.56 6.86
South Dakota 8.49 7.07
South Atlantic 11.31 9.64
Delaware 14.57 11.84
District of Columbia 12.66 13.18
Florida 12.43 10.81
Georgia 9.59 8.79
Maryland 14.23 11.48
North Carolina 10.16 8.01
South Carolina 10.64 9.03
Virginia 10.51 8
West Virginia 8.38 7.49
East South Central 9.21 8.8
Alabama 10.08 9.61
Kentucky 8.03 7.15
Mississippi 10.3 9.5
Tennessee 8.87 8.93
West South Central 10.83 8.72
Arkansas 9.28 7.42
Louisiana 7.52 7.28
Oklahoma 8.25 6.66
Texas 12.37 9.54
Mountain 9.78 8.45
Arizona 9.86 8.88
Colorado 10.4 8.85
Idaho 7.83 6.7
Montana 8.8 7.93
Nevada 13.72 10.64
New Mexico 9.6 8.26
Utah 8 6.48
Wyoming 8.53 7.36
Pacific Contiguous 11.88 10.88
California 14.6 12.24
Oregon 8.82 7.74
Washington 7.81 7.28
Pacific Noncontiguous 22.21 19.42
Alaska 16.73 14.27
Hawaii 26.23 23.92
U.S. Total 11.33
BITCOIN CURRENCY OF THE FUTURE. BITCOIN ATM'S ARE STARTING TO POP UP IN MAJOR CITIES. GO MELY
MELY is the most practical OTC stock with purpose to invest in at this time. All the other OTC stocks have gone stale. The others have been flipped and lost value and interest. Now we can watch MELY be transformed. MELY is a company with a plan and with customers using for financial transactions.
Definition of Bitcoin mining
Part of the Malware glossary:
Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain.
A Bitcoin is defined by the digitally signed record of its transactions, starting with its creation. The block is an encrypted hash proof of work, created in a compute-intensive process. Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain number of Bitcoins per block. The block chain prevents attempts to spend a Bitcoin more than once -- otherwise the digital currency could be counterfeited by copy and paste.
Originally, Bitcoin mining was conducted on the CPUs of individual computers, with more cores and greater speed resulting in more profitability. After that, the system became dominated by multi-graphics card systems, then field-programmable gate arrays (FPGAs) and finally application-specific integrated circuits (ASICs), in the attempt to find more hashes with less electrical power usage.
Due to this constant escalation, it has become hard for prospective new miners to start. This adjustable difficulty is an intentional mechanism created to prevent inflation. To get around that problem, individuals often work in mining pools.
Bitcoin generally started with individuals and small organizations mining. At that time, start-up could be enabled by a single high-end gaming system. Now, however, larger mining organizations might spend tens of thousands on one high-performance, specialized computer.
In the malware world, one of the more prevalent current threats is mining botnet infections, in which user systems mine for Bitcoin without the owners' knowledge and funds are channeled to the botnet master.
See a video explanation of Bitcoin mining: YouTube: Definition of Bitcoin Mining
Microelectronics Technology Corporation Provides Update Regarding Acquisition of Bitcoin Cyber Currency Digital Mining Company
43 minutes ago - DJNF
Microelectronics Technology Corporation Provides Update Regarding Acquisition of Bitcoin Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Apr 25, 2014) - Microelectronics Technology Corporation (OTCQB: MELY), the Company previously announced:
"Company has completed the documentation required for the finalization of the acquisition of Digital Mining Corporation and its digital mining assets.
Complete Acquisition details will be provided on form 8K yet to be filed."
THE COMPANY WILL FILE FORM 8K WITHIN FOUR DAYS OF THE EFFECTIVE DATE IN COMPLIANCE WITH SEC REQUIREMENTS.
In response to an overwhelming number of requests for information regarding the acquisition. The company is providing an update for the timing of the filing of the Form 8K.
Contained in the language of the acquisition agreement, is an effective date clause which provides for a stipulation to the closing, at the company's option, until after the successful launch of the companies BTCMINING POOL due to be launched May 1, 2014 subject to server availability.
THE COMPANY WILL FILE FORM 8K WITHIN FOUR DAYS OF THE EFFECTIVE DATE IN COMPLIANCE WITH SEC REQUIREMENTS.
"The Company has negotiated in good faith for the acquisition of this company and its assets and intellectual property," states company president Mr. Brett Everett. "It is in the best interest of the company and its shareholders to determine that the technology and intellectual property being acquired operate as represented, with the functionality the company expects and requires."
Bitcoin Mining: BTC
The company is in development of a 100 TH/s mining pool.
The company will be investing in the required hardware needed to provide the targeted 100 TH/s rate over the period of six to eight months.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
The company anticipates the launch of its Bitcoin Mining pool May 1, 2014.
The company will add the first 3 (1TH/S servers) Bitcoin Mining Servers to the mining pool upon completion of the initial testing, with the addition of 10 (1TH/s servers) every two weeks contingent upon consistent delivery of the servers from our supplier.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
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.
www.dynamoservers.com
Forward-Looking Statements:
This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; MELY's ability to commercialize its technology; ability to defend intellectual property; material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital. Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements
For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1-949-436-9382
info@melypk.com
www.melypk.com
www.dynamoservers.com
(MORE TO FOLLOW) Dow Jones Newswires
April 25, 2014 13:50 ET (17:50 GMT)
Estimated Gold Reserves Over 1.5 Million Ounces
Firma Gold's ownership of mining leases at Courville and Larienne Quebec have estimated gold reserves of over 1.5 million ounces, based upon geologists reports and an NI 43-101 technical report drilled to 50 meters. The properties are in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold. In February of this year, Montreal-based Osisko Mining (TSX:OSK - News) announced an estimated 9 million ounce gold reserve estimate for its Malartic open pit project in Quebec.
http://finance.yahoo.com/news/B2-Digital-Enters-Into-pz-4127345574.html?x=0&.v=1
Does Anyone know of a JV?
VRNI did a reverse split about 6 months ago and took that money and bought 1.7b shares with investors money. This is exactly what ZIPZ did. VRNI is a real company and has a product that when needed will bring great fortune. I just do not like the way some of these pink sheet companies steel from us investors. The SEC needs to regulate the Reverse Splits that turn into massive A/S dilution.