Microelectronics Technology Co. (fka MELY)

[RHJ~BT]

It's live and they have already been mining but they aren't accepting new users just yet. I don't know how much people they could attract though.

The whole purpose of pool mining is to work together to solve blocks but if you don't have that much hashing power especially in mining Bitcoins them selves not many people are going to waste their time with it since a fair amount of luck is involved as well.

This is an example of a well known BTC mining pool https://www.btcguild.com/index.php?page=rankings notice that under speed they are listed in GH/s now notice MELY https://www.btcpoolparty.com/index.php?page=statistics&action=pool
They are listed in KH/s whats the difference? 1000KH=1MH 1000MH=1GH 1000GH=1TH.

KH is speed mostly referred to in altcoin mining. They need to fix it so it is recorded in GH or else no one will take them seriously.

When you visit btcguild.com also notice on the upper right hand corner that they have over 12,000 TH now go to https://www.btcguild.com/index.php?page=pplns see the graph that says luck on it? When you use a BTC mining calculator it will tell you the amount of coins you should generate with your speed but you can not generate a coin without solving a block. With your current speed it will give you an estimate of how long it would take you to find a block now this estimate is just that an estimate. It could take a shorter time or way longer time.

This is why most BTC miners will go to pools that already have a large amount of hash rate so the odds of them getting paid are much better. Since more hash rate gives you a better chance of solving a block. While 100TH may sound like a lot it is nothing compared to a typical BTC mining pool.

In short MELY would be better off using the equipment at a well established pool rather than trying to make their own pool that more than likely no one will use.

Although if they some how magically attract people to use their pool and get thousands of users they could make a lot of money off of % fees of using the pool. Thing is like I said there is really nothing there that could attract people to use their pool.

Back when I use to mine altcoins their was a guy I knew who was pretty tech savy he created something called a multipool. These pools mine the most profitable coin for using the pool he charged 3% I think it was. While it may not sound like much this guy is now making a couple thousand dollars a day from his pool. But once again he had something to attract miners to his pool and he had a lot of hashing power to contribute on his own to attract these users.