Microelectronics Technology Corporation Data Center Update Phase One Complete
July 29 2014 - 10:25AM
InvestorsHub NewsWire
Jul 29, 2014 - MONARCH BAY, CA, United States, InvestorsHub
NewsWire, 07/29/2014 - - Microelectronics Technology Corporation
(OTC
PINK: MELY) (PINKSHEETS:
MELY), the Company is pleased to announce the successful
installation of 100 of the Company's 100 - 1 TH/s BTC servers in
the Company's new data center in Washington State.
The construction and build out of the Data center is complete for
Phase One.
The servers have been testing and mining over the installation
period which was initiated approximately July 11, 2014 with a
variable number of mining servers providing a variable hash rate
over the testing period of approximately 18 days.
The mining activities to date have produced 37 BTC worth
approximately $21,500.00
The company has determined that the production rate per day of BTC
production from the 100 TH/s is approximately 2.4 to 2.6 BTC per
day based upon the current pool configuration. The company
continues to fine tune the servers for maximum production and
stability.
The Company will provide forecasts and future build out schedules
for the Second Phase of expansion in the near future.
The Companies facility has been built to allow for a minimum 500
servers with further expansion capability to operate 1800 BTC
Servers at maximum capacity.
Addition photos and video can be viewed at the company's Facebook
page:
https://www.facebook.com/MELYPK
The company expects significant results from the BTC Pool Party
mining pool once the 100TH/s have been installed and are
operational.
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
CONTACT:
For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1-949-436-9382
info@melypk.com
www.melypk.com
www.dynamoservers.com
SOURCE: Microelectronics Technology Co.
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