Replies to post #51792 on Microelectronics Technology Co. (fka MELY)

[Big bucks]

REVENUES $6,000,000 - MINUS $2.5 MILLION EXPENSES


PROFIT OF $3.5 MILLION




OF COURSE THATS AT BITCOINS PRESENT PRICE...IF BITCOIN PRICE RISES THEN ITS MORE PROFIT...

[ihubmkasp]

If it was really profitable to mine bitcoin, then why would you lease out 3PH/s worth of mining servers for less money than could be made mining on your own?

Assuming that 3PH/s can produce a block per day, then at $250 per BTC that's $6250 per day in revenue. It would be stupid to lease out the servers for anything less than that amount. At that point, I would then really have to question what sort of lease agreement MELY has (or supposedly has since the servers are still not on the pool).