What 70MW tells you is essentially the amount of hashrate the facility can support. Just as an exercise, let's assume a facility was to buy SP31s (which I think we can safely assume MELY will be buying lots of), then if you divide 3000 Watts (which is the power consumption for a SP31, as per Spoondoolies website) by 70,000,000 Watts, you get roughly 23,300. Then you can multiply that by TH/s for each SP31 (which is ~5.5TH/s) and you get around 13PH/s (that's 13,000TH/s)! But, that's just with SP31. We know that to start off we will have mix of SP20s (with lower power consumption) and SP31s. And that's a great start IMO
So, I hope it is a little more clear now, but basically, we will have a LOT OF HASHING POWER pretty soon. You can bet that BTC Pool Party will indeed be the biggest mining operation in the Unites States of America!
Whatever I say here is my own opinion. Invest at your own risk.
