\(M=\left(\dfrac{\sqrt{x}}{2x}-\dfrac{1}{\sqrt{x}}\right)\cdot\left(\dfrac{\sqrt{x}-1}{\sqrt{x}+1}-\dfrac{\sqrt{x}+1}{\sqrt{x}-1}\right)\\ =\left(\dfrac{\sqrt{x}}{2x}-\dfrac{2\sqrt{x}}{2x}\right)\cdot\left(\dfrac{\left(\sqrt{x}-1\right)^2-\left(\sqrt{x}+1\right)^2}{\left(\sqrt{x}-1\right)\left(\sqrt{x}+1\right)}\right)\\ =\dfrac{x-2\sqrt{x}}{2x}\cdot\dfrac{x-2\sqrt{x}+1-\left(x+2\sqrt{x}+1\right)}{\left(\sqrt{x}-1\right)\left(\sqrt{x}+1\right)}\\ =\dfrac{\sqrt{x}\left(\sqrt{x}-2\right)}{2x}\cdot\dfrac{x-2\sqrt{x}+1-x-2\sqrt{x}-1}{\left(\sqrt{x}-1\right)\left(\sqrt{x}+1\right)}\\ =\dfrac{\sqrt{x}\left(\sqrt{x}-2\right)}{2x}\cdot\dfrac{-4\sqrt{x}}{\left(\sqrt{x}-1\right)\left(\sqrt{x}+1\right)}\)
\(=\dfrac{-2\left(\sqrt{x}-2\right)}{x-1}\)
