BTC Mining Pool Update
May 23 2014 - 2:50PM
Marketwired
BTC Mining Pool Update
MONARCH BAY, CA--(Marketwired - May 23, 2014) - Microelectronics
Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY): The
Company is pleased to provide an update of the Beta Testing of the
company's BTC Mining Pool:
https://www.btcpoolparty.com/index.php
The company has targeted to end the Beta testing phase of the
company's BTC Mining Pool: BTCpoolparty on Tuesday May 27,
2014.
Testing has gone as predicted with hash rates per machine and
collectively as a group within acceptable performance parameters.
Power consumption per machine is also within an acceptable range
which will allow the company to forecast operating expenses during
the build out of the first phase of 100 TH/s BTC mining
capability.
The company is currently preparing to order the first set of
servers which will be finalized following the conclusion of beta
testing approximately May 27, 2014.
The company upon finalization of the first order will have
delivery time lines established for consistent delivery of new
mining servers allowing the company to forecast its expansion
schedule with performance milestones to be established at that
time.
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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