Microelectronics Technology Co. (fka MELY)

[anon13333]

Rockie, I do not understand why you bought? What lead you here and why put down money on something you do not understand?

MELY is in the BitCoin (BTC) mining business. BTC are creating using computers to solve mathematical equations. The first person (or group) that solves the equation is rewarded with 25 BTC (block). A BTC block is rewarded every 10 minutes. The difficulty of solving the equation increases after each block is solved. Because the difficulty is increasing every 10 minutes, you need faster computing power to dove the equation. Mining pools allows for many computers to be linked to create one big super computer to solve the equation. The more computing power you have increasing your chances of being rewarded BTC. Everyone in the mining pool gets a share of the BTC. MELY created a mining pool that will allow anyone in the world to connect to their pool and mine for BTC. Currently MELY has 100 computers (miners) that will be added to the pool that will create approximately 5 BTC/day. In the next 12 months MELY plans on increasing the total number of miners to 1,800. MELY is currently the only publicly traded company that is mining BTC.

Go here to read about everything BTC including the price of BTC. You will also read that that venture capitalist have invested 150 million dollars year to date in BTC.

http://www.coindesk.com