#Bitcoin News - Integrated Ventures, Inc. (OTCQB: $INTV) PetaWatt Deal, Talking about How Cheap Energy is Making #BTC Mining Profitable
#Bitcoin News - Integrated Ventures, Inc. (OTCQB: $INTV) PetaWatt Deal, Talking about How Cheap
Energy is Making #BTC Mining Profitable
May 21, 2019–Reporting from a recent Blog post from https://www.integratedventuresinc.com:
Integrated
Ventures, Inc (OTCQB: INTV),
currently trading at lower levels of its 52-week price range, is a pure play on
bitcoin mining, but market forces have pushed it to evolve and adapt to extreme
bear market conditions in the price of Bitcoin. Bitcoin mining is literally becoming a story
of the survival of the fittest. The biggest variable in a mining operation
boils down to the cost of the mining rigs and the cost of electricity. The
players that can adapt and survive in the coming boom and bust cycles are the
best of breed companies. INTV fits the mold because not only does it mine but
its involved in other activities that generate cash flow. These activities
include; hosting, co-location, mining pools and mining equipment sales.
Read
this in full at https://www.investorideas.com/news/2019/cryptocurrency/05211OTCQBINTV-ProfitableMining.asp
Bitcoin Mining Center
The most important variable cost in mining is the cost of power and
INTV has come up with brilliant strategy to secure its place as a mining
powerhouse with signing of a multi year hosting and marketing agreement with
PetaWatt, LLC, a company located in upstate NY. By gaining access to the lowest
price for power (under $.05/kwh), the company have procured a solution to
become the lowest cost cryptocurrency player in the Northeast and possibly the
nation. Most bitcoin miners are paying anywhere between $.07-12 kw/h. The
PetaWatt's capacity of 120 MW has the capacity to power up to 100,000 mining
rigs. It rivals the prices paid by miners, located in Wenatchee with very cheap
hydroelectric power. In the volatile space of cryptocurrency, INTV came up with
the most grounded and cost-effective model in the sector, which again not only
allows them to survive a unpredictable crypto market but to deliver much higher
profit margins relative to the market fluctuations. That upward shift is
potentially happening as we speak.
Crypto Winter Signs of Thawing
Nigel Green, the CEO of UK-based DeVere Group
discussed the state of the crytptocurrency market and declared that the recent
upward break in bitcoin confirms the markets have found a long term bottom and
that the “Cypto Winter” is finally over. Cryptocurency traders are buzzing
about Bitcoin and pointing to the historical RSI and how that is signaling an
imminent bull run. These are just some empirical examples that the
overall bearish mood in cryptocurrencies is starting to change and turn
bullish. On December 15, 2018 the CoinMarketCap was $101 billion off from
its January 7, 2018 high of $813 billion. More recently the market
capitalization has been moving over $180 billion which is essentially an 80%
bounced off the lows in the past 4 months. It’s great to look at these
technicals, but the essence of the story always traces back to the
fundamentals. The hash rate and difficulty level are designed to throttle the
bitcoin rewards was going up at an unsustainable pace last year and peaked in
October 2018. It was taking an incredible amount of computing power to
mine a bitcoin for very little reward. Eventually miners turned off these
machines and the difficulty level and hash rate dropped for the first time in a
very long time. Too many mining rigs entered the market at once and that led to
the correction. Now difficulty levels and hash rates have bottoms and bitcoin
is starting its new ascent. Overall, Bitcoin mining in 2018 hasn’t been as
profitable as in 2017 despite an increase in overall revenue. With the network
hashrate continuing to increase astronomically, miners now pay higher
electricity tariffs severely affecting their bottom-lines.
Will BTC $8000 Bring on the BULL MARKET for Crypto?
There is tremendous upside if bitcoin can get
traction. Right now, BTC is bouncing around $8000 holding its nearly $4000+
rise since early April 1, 2019. Bitcoin’s ability to maintain this trading
level will bring confidence to crypto traders, especially the ones that went
into retirement after a rough 2018.
Yes, BTC was nearly $19k in its prime, where
hindsight is 20/20 by saying it moved up too fast, too quickly. Even though
bitcoin struggled throughout the year, declining from the $9000 range to the
$6000 range, the biggest dagger for both crypto traders and miners came late in
2018. On November 13, 2018, BTC was $6282 and sunk an additional 50% over the
next month where it hit a bottom of $3194 on December 15, 2018.
At these dismal trading levels, the cost of mining
was too much and almost every bitcoin miner had to flick the power switch
leaving their power hungry hightech rigs to collect dust. With BTC recovering
to $8000 + low energy costs, miners are profitable again and will stay that way
because INTV can control their future energy cost.
We’d like to think $10000 is the next benchmark
that will kick start the BTC bull market. We think the sideline money is
increasingly gaining confidence in the crypto market again. The strong CBD,
cannabis market has unfortunately become oversaturated and most seasoned
investors welcome a sector to become hot again--thus the crypto market. If we
can see $9000, don’t be surprised to see traders of old jumping on the
bandwagon again, inflating stocks and coins to new 52 weeks highs as the money
shifts from sectors like cannabis back into crypto.
How long will the bull-rush last is the question,
but we do know that investors are ready to pounce on the opportunity when it
arises, which many are betting will be sooner than later.
Multiple Ways INTV Can Survive the BITCOIN Bear Market
·
Securing Competitive Electricity Rates. By
partnering with PetaWatt, Integrated Ventures will have access to reliable
power source and low pricing structure.
·
Generating Cash Flow via Hosting, Mining &
Revenue Share Services. Integrated Ventures intends to generate significant
revenue through hosting and revenue share services.
·
Locking-In Record Low Hosting Rates on Long-Term
Contracts. Integrated Ventures’ access to low cost power will allow the company
to offer the most competitive hosting rates in the industry, spiking demand for
long-term contracts.
·
Implementing “Plug-and-Play” Container Solutions.
Integrated Ventures will offer access to mobile mining containers for ASIC and
GPU miners, creating a “WeWork” -style mining option for those seeking hosting
space. Initially, this modular structure will be used in-house to control
ramp-up and ramp-down as coin prices fluctuate.
·
Purchasing Discounted Mining Rigs from Secondary
Markets. Integrated Ventures will keep costs low by purchasing equipment on the
secondary market, a strategy that was not possible when the market was in its
infancy.
Long Term Power Contracts
Without a long-term supply of cheap power, a miner cannot
sustain operations through the lean times. Luckily for INTV, with newly
signed agreement, all major expenses are eliminated and power
expense will only represent approximately 40% of the overall mining cost, while
for other miners operating at .09 KWh, its nearly 95% of their cost.
For those miners with rates at .10+ they cannot
continue to mine even at the current rates of over $8000. This is where
INTV has such a huge advantage, while they can gain 225% vs power, someone at
.095 is breaking even, thus in a bear market where bitcoin is $3000-$3500, INTV
can still mine for profitability while others have to stop mining to avoid
losses.
For INTV this is a blank slate for them to build
the ideal mining operation. No existing miner is better positioned than
INTV. Low power costs allow them to lock in long term hosting contracts
creating that all important stream of revenues.
Summary
The recent market pressure is related to the
conversions of 128k/52k/52k convertible notes and stock sales by investors,
related to two M&A transactions, that occurred in summer of 2018. INTV has
a unique vision, a wealth of experience, and is executing their business plan.
INTV is expanding operations at the perfect time in the business
cycle using the ideal bitcoin mining model of purchasing discounted mining
rigs, hosting, and locking in long term collocation contracts as the price
rises.
INTV is morphing into the lowest cost producer of
cryptocurrency with the greatest capacity. They are poised to become the market
leader by the end of this year if they simply operate a just one fifth of their
capacity. Their business model is designed to survive a bitcoin meltdown
yet profit handsomely ket cap is extremely
undervalued, and investors are simply not pricing in what the new low cost
power structure will look like with newly signed deal.
Blog post Source https://www.integratedventuresinc.com/single-post/2019/05/20/PetaWatt-Deal---Interactive-Edition
Original
Source : WallstreetPR.com By Andrew
Klips
https://www.wallstreetpr.com/integrated-ventures-otc-intv-recent-deal-with-petawatt-is-a-gamechanger-cheap-energy-6000-btc-making-mining-profitable-again-41459
Wallstreet
PR disclaimer “Please note that this article was
provided to Wallstreetpr.com by Falcon Strategic Research. Please note that
Falcon Strategic Research has been compensated compensated 10,000 restricted
shares for ongoing coverage of the company. Please note WallStreetPR and its
associated have not received any compensation for this content posting nor have
checked on the content to make sure its true.
Original company news:
Integrated
Ventures Signs A Multi Year Hosting And Marketing Agreement With PetaWatt
Properties, LLC
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