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Yeah its going nuts. We're going to close green. :D
YES! When you force shorts to cover, MELY GO BOOM
They keep testing and introducing workers then taking them offline. Not sure what they are doing. It is still beta. And we are not allowed yet to register.
*** NEWS OUT 5/16 ***
Microelectronics Technology BTCPool Beta Testing Update
May 16, 2014 (eTeligis.com via COMTEX) -- MONARCH BAY, CA, United States, via eTeligis Inc., 05/16/2014 - - Microelectronics Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), the Company is pleased to announce progress of the company's BTC Mining activities.
The Company continues the testing the first of three 1 TH/s servers. The delivery of the two additional 1 TH/s servers is expected on May 20, 2014. During this initial testing phase the company is determining the BTC production capabilities and power consumption, a key component in determining the economic viability of the server.
During this phase the company has temporarily moved its first 1 TH/s server to the BTC Guild mining pool and is operating under Identity number : 547125 and is ranked at number 1172 based on the current mining hash rate.
The company will move the three 1 TH/s servers back to the company's BTCmining pool upon completion of testing.
https://www.btcpoolparty.com/index.php
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.
The company's BTCMining Pool can be found @ :
https://www.btcpoolparty.com/index.php
Bitcoin Mining: BTCThe 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.
About Dynamo ServersDynamo 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 Everett1-949-436-9382info@melypk.com www.melypk.com www.dynamoservers.com
SOURCE: Microelectronics Technology Company
Associated Documentation:www.eteligis.com/ViewSubmission.aspx?submissionRequest=26113 - Link to submission on http://www.eteligis.com
Copyright eTeligis Inc. 2014. All rights reserved.
-0-
INDUSTRY KEYWORD: METALS
MINING
SUBJECT CODE: COA
MELY will explode into the 30s and 40s soon. :D
I will be releasing their name shortly. They said they want to get into the bitcoin market. Actually, everything I said was true. So just wait.
I am on the phone with them.
Nope, they are a mexican registered company. I found them.
Anyway I restructured my statement. :) So shush. :P
The laws in Mexico are different. Go MELY!
I changed my statement, but my sources now tell me it is confirmed, but we'll let it be a rumour until I can provide proof or they release a statement.
Indeed and I have found out who they are and contacted them and it is true.
I will as soon as I get more confirmation as to when. I may not have to as the other company may release it before me.
Search my posts. I bought in much cheaper than where MELY is now.
Thank you!
Not false. Will have proof soon. Well, you will see.
Lol ok changed my statement. :)
Because it didn't come from MELY.
My sources tell me there may be a party interested in MELY. Only a rumour.
Their mining servers are active and online and we can watch them active mine and watch their statistics and money being generated!
We need MELY to go BIG! They could get into the ATM business.
MELY is one of those explosive stocks that when it POPS, it pops big. And it has shown that in the past with the charts and its record. It is going to happen again and I can feel it coming!
MELY is very good with news updates and PRs.
Their PR outlet allows them unlimited press releases, which means they don't have to pay each time they release one. They already paid that money up front.
They are a smart company.
It is a great find!
CEOLIVE.TV NEWS RELEASED REGARDING MELY HUGE!!!!
MELY CONTACT INFO:
Brett Everett, CEO
1-949-436-9382
Contact: beverett@melypk.com
Facebook:
https://www.facebook.com/MELYPK
Lets hope for a GREEN MELY DAY!
Love them too. Keeps the MELY spirits high!
Yup. BITCF needs some MOMO!
Which means load up time. News will break regarding 10Q.
Yes, we will get our 10Q very soon!
MELY is in the money. Because the money is in the bitcoin market, which has been exploding in the last 2 years. Bitcoins topped out at $1600.
Now there are bitcoin ATMs.
Me too. Left a VM for Brett. Hope he calls back.
We need an update bad.
BITCF needs to give us some NEWS!
Hey FG did you buy into MELY? :)
BRETT is standing by our ceo to take your calls and questions!
MELY miners are hard at work!