Microelectronics Technology Corporation BTCPool Beta Testing Update
May 06 2014 - 1:35PM
Marketwired
Microelectronics Technology Corporation BTCPool Beta Testing Update
MONARCH BAY, CA--(Marketwired - May 6, 2014) - Microelectronics
Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), the
Company is pleased to announce progress of beta testing of the
company's BTC mining pool.
The first of three 1 TH/S servers has been added to the
company's BTC Mining pool for the initial phase of beta testing.
The beta testing is required to determine the production
capabilities of the first of three initial 1 TH/s servers being
added to the pool by the company with the additional two (1 TH/s
servers) to be brought online upon delivery.
When these servers are online the company will continue to
performance test all three production servers. Upon completion of
satisfactory testing the company will initiate ordering the next
ten servers as previously announced.
The company will order ten servers every two weeks, subject to
availability and delivery, until the total of 100 TH/s has been
achieved.
This will be the first phase of the company's initial BTC Mining
business plan.
"We are very pleased with the progress made to date regarding
the establishment and launch of the company's BTCMining Pool,"
stated company president Brett Everett. "The company expects
to continue to meet the milestones of progress it has
established for the development of the 100 TH/S BTCMining Pool
as phase one of the company's BTC Development plans."
The company's BTCMining Pool can be found @:
https://www.btcpoolparty.com/index.php
Bitcoin Mining:
BTC The 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 Servers Dynamo 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 Everett 1-949-436-9382 info@melypk.com
www.melypk.com www.dynamoservers.com
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