Members,
Earlier we told you that our analysts were scanning the markets in search of something huge to follow up yesterday's +18% winner.
After much research, they uncovered a tiny float subpenny gem that is just screaming breakout!
Please turn your immediate attention to MELY (Microelectronics Technology Company).
Priced at just $0.0085, MELY marks our triumphant return back to subpenny land.
Those that follow our newsletter know that subpennies have been our most rewarding type of pick.
Our last 3 subpenny trades delivered total gains of +2,069%, +566%, and +395% respectively.
Based on technicals alone, we are confident that MELY will be the next subpenny ticker to run up for triple digit gains!
About MELY
Through an extremely aggressive growth strategy, MELY is taking the $12 billion bit-coin industry by storm via BTC Mining under the company's BTCPOOLPARTY mining pool.
We are sure that some of you have heard of bitcoin at some point or another, but must people are not exactly sure what it is, or how to profit from it.
So before we go into how much we love MELY's growth potential in this sector, let's give you a brief explanation of what bitcoin is exactly.
Simply put, it's virtual money. You can't hold it, but you can use it to buy things. Already, many websites have started to accept it as currency.
Bitcoins are acquired through process called mining, but there's a limit to this. There's only 21 million Bitcoins available. They can't be created, so once all of them are mined, that fixed amount will remain in circulation. But there have only been about 11.7 million mined so far.
The value of Bitcoins rises and falls just like currency. And it's become much more valuable recently. It's now around $243 USD per digital coin.
Mining for Bitcoins
Mining Bitcoins is quite different from the way courageous miners work to find precious metals. Actually, all of the work is really done by equipment.
Decentralized networks of computers have the job of solving algorithms. The computers keep track of all of the solutions, or transactions. As puzzles are completed, Bitcoins are awarded.
Since the mining of Bitcoins isn't possible without powerful machines, it's boosted the market for this equipment. Some of them are costing more than $20,000. Of course, the more sophisticated the equipment, the better able it is to bring in Bitcoins.
As popularity grows, these companies are bringing in big profits. There are about 1 million Bitcoins being mined every year, and as more people get involved, that number will grow.
Now let's take a look at MELY's potential for turning in major profits in this growing market.
Last July, the company announced the successful installation of 100 of their 100 - 1 TH/s BTC servers in the Company's new data center in Washington State.
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.
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.
MELY continues expand their efforts and has recently entered into negotiations with a Licensed Underwriter for the purpose of raising 2 million dollars of long term debt.
The purpose for the debt financing is for additional server acquisition and the restructuring of the dilutive debt the company currently holds on its balance sheet.
With the addition of these BTC Mining servers MELY's bitcoin production is expected to increase ten-fold.
We are talking about over $10 Million in potential revenue per year for MELY.
And remember, as of now MELY has the capacity for 1,800 BTC Servers, so those revenue numbers can grow even higher!
In its most recent corporate update MELY stated that the company is currently in negotiations for a 10 Megawatt facility with electricity at the rate near $.02 per Kilowatt providing a cost savings of $.07 per Kilowatt or approximately $50,000.00 per month per Peta Hash.
This is a huge savings for the company and could drastically increase their bottom line.
MELY also announced that it has a comprehensive roll out plan for the next several months, which will include BTC conferences, online marketing and social media forums.
Two weeks ago BTC Pool Party was both a sponsor and participant in the Inside Bitcoins Conference in New York City.
The Company's Director of Business Development, Juan Garavaglia, spoke on a Panel along with several industry experts on the topic of "Industrial Mining: Powered Warehouse Shell vs. Hosted Cloud Offerings".
"We believe this to be an exciting opportunity for the debut of the BTC Pool Party mining pool," states company President Mr. Brett Everett. "The Sponsorship and Expo will provide the exposure and visibility necessary to promote the upcoming launch of our Bitcoin mining pool."
The company continues to develop and improve the BTCPOOLPARTY mining pool with the introduction of more detailed stats of the mining operations available over the next several weeks.
For more info please visit:
https://www.btcpoolparty.com/.
https://www.facebook.com/btcpoolparty
The way we see it, MELY's revenue potential is just to big to justify its current $0.0085 share price.
They don't get more undervalued than this, and the market for bitcoin looks extremely promising as more and more companies begin to accept it as a form of currency.
PayPal will soon start accepting bitcoins, adding the second-largest Internet payment network to a handful of high-profile retailers already taking the digital currency and potentially expanding the bitcoin user base from thousands to millions.
A jump like that could vastly increase the value of bitcoin, which could lead to huge profits for BTC mining companies like MELY!
Here are some other companies already accepting bitcoin as a form of currency:
Dish Network Corp. (NASDAQ:DISH)
The satellite service provider with more than 14 million subscribers launched its bitcoin platform in May 2014.
Expedia Inc. (NASDAQ:EXPE)
The online travel booking firm began accepting the digital currency for customers looking to book reservations at one of its 45,000 listed hotels.
Overstock.com Inc. (NASDAQ:OSTK)
One of the best-known bitcoin adopters, this online retailer has been enabling customers to use the cryptocurrency since January this year. By August, bitcoin sales had exceeded $2 million, about one-quarter of 1 percent of the company’s total sales.
Virgin Galactic, LLC
Billionaire Richard Branson's commercial space carrier announced in late 2013 that it would be accepting bitcoins as payment for future space travel. Its first payment came from a flight attendant from Hawaii, but more soon followed, including the high-profile Winklevoss twins, who used bitcoins to purchase their own space flight tickets in March of this year.
But these companies are just a handful of those adopting the digital currency. Tesla, Wordpress, Zynga, Etsy and others have already allowed consumers to purchase products with bitcoin, and with Ebay on board, more are sure to follow.
As you can see, bitcoin's popularity is growing by the day.
Just last week investment banking giant Goldman Sachs invested in a bitcoin startup similar to MELY.
Now is your chance to get in on the bitcoin craze at a sub-penny price!
We've already talked about how lucrative the bitcoin market is.
Now let's see why we expect a such huge move in price from MELY tomorrow.
MELY is trading at oversold levels with a 41 RSI - This appears to be a can't miss bottom bounce opportunity.
MELY has just 1.6M shares outstanding and a very tiny float – also 1.6M shares!
MELY has a 50 DMA of .03, however, the current trading price is .0085. This presents short term upside up to 257%.
MELY had a massive rally in January, opening at $0.10 and rallying to a day high of $0.30 for one day gains of 200%.
MELY is setting off BUY signals for several short-term indicators:
- 7 Day Average Directional Indicator = BUY
- 10 - 8 Day Moving Average Hilo Channel = BUY
- 20 Day Moving Average vs Price Buy = BUY
Based on those technicals alone, it's no surprise why we believe that MELY will be our 4th subpenny pick in-a-row to breakout for triple digit gains.
We are already anticipating record breaking gains and volume during tomorrow's trading session.
Act now and add MELY to the top of your watchlist, and be ready to trade tomorrow at 9:30AM EST.
For more information on MELY, please visit their website: www.melypk.com