Microelectronics Technology Corporation Announces Bitcoin Mining Pool Status
01 Maggio 2014 - 9:40PM
Marketwired
Microelectronics Technology Corporation Announces Bitcoin Mining
Pool Status
MONARCH BAY, CA--(Marketwired - May 1, 2014) - Microelectronics
Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY) is
pleased to announce the status of the company's BTC Digital Mining
Pool.
The BTC Mining Pool URL is:
https://www.btcpoolparty.com/index.php
"At present the entire Bitcoin mining pool front end and backend
is complete and is now in the processing of finishing its Bitcoin
block chain synchronization. Stratum is up and running and
sitting in sleep mode until the block chain is complete and our
Avalon based test mining
units are ready to start beta tests imminently." Stated
company president Brett Everett, "the company expects to begin the
Beta testing phase today, May 1, 2014 which will take a few days to
complete and integrate the first of three, 1TH/s servers."
The Company previously
announced April 17, 2014:
"The company anticipates the launch of its Bitcoin Mining pool
May 1, 2014.
The company will add the first 3 (1TH/S servers) Bitcoin Mining
Servers to the mining pool upon completion of the initial
testing, with the addition of 10 (1TH/s servers) every two
weeks contingent upon consistent delivery of the servers from our
supplier.
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."
The company anticipates that
https://www.btcpoolparty.com/index.php pool will be open to allow
other miners to join and participate in BTC Mining after the
completion of the BETA testing phase.
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.
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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