Go to SEDAR.com and search the filings for HIVE.V. Last I looked, there were 52 of them. Go through all of them. I downloaded the relevant ones. Anyone wanting to grasp this company's potential needs to do this or you may make a mistake you could have avoided making. No excuse for laziness where money is involved.
Now, heres something I think has been misunderstood. I grant that I may be wrong, but I think that reading all the docs will support my conclusions: Unlike what is widely publicized on this board, by early 2018, HIVE.V, (PERLF in US), will have 4 functioning sites. 4 is my take-away. Explained in what follows. Again, I could be wrong.
At present, the 1st functioning mining site is in Iceland, but its actually unclear whether they have begun to operate the 1st one in Sweden. So, as of today, 2 sites may be up. 1 for sure in Iceland & another (maybe) in Sweden.
After the mid-point in January, there is PROBABLY a realistic expectation that they will either have 2 open (1st in Iceland & 1st in Sweden) or 3 open (1st & 2nd in Iceland plus 1st in Sweden). Soon thereafter, there will be a total of 4 up and running. I anticipate the date when it can be said that all 4 are up to be mid-point in March.
OK... now pay attention to the details found in the heading portions of various docs & please, folks, if I'm wrong, correct me.
Notice that there are documents amongst those worthy of download that SPECIFICALLY INSTRUCT that they, for reasons I cannot fathom, are not to be distributed in the US. My guess is that, were they to distribute them in US, they'd have regulatory issues with SEC.
Anyway, this is why I think there are going to be 4 total mines (2 in Iceland & 2 in Sweden) by Mid-March 2018. Some mining will be done in both BTC & in ETH (or various other GPU based alts). The dcos describing some are not distributed in the US. I may be wrong, though.
I do not know why there are docs deliberately held back from US distribution, but there are, and when I counted all the mines in the docs, both distributed in US & not distributed in US, I came away 85% certain there are going to be 4 total mines by mid-March 2018. Again, if I'm wrong, folks, correct my mistake.
Anyway, as of today, bearing in mind that its hard to decipher all this legal verbage unless you are so anal that even your dog would despise you, I am 85% sure I've read it all correctly & am thus pretty sure there are these 4 sites coming on line.
Now, as regards the issue you have of BTC vs ETH.
I'm not fully conversant between Bitcoin Classic & the other Bitcoin. Neither am I fully conversant on Etherium Classic and the other Etherium, but I'm about 85% sure, from reading all the legal mumbo jumbo, that HIVE.V is NOT mining BTC.
Now, let me spilt hairs on this: I'm 85% sure they are only minging ETH, but incongruently, i'm 100% sure they are only mining ETH in the 1st Iceland site.
What I'm uncertain about is whether the 1st site in Sweden is open yet, partially open yet, and/or whether it is an ASIC or GPU based site. So, if its open then they may be mining both right now. Follow?
The technical issue is that the mining operation they bought from Genesis is not an ASIC based operation. Its a GPU based operation. The new sites (the 2nd in Iceland & the 2 in Sweden) may be a mixed bag.... or thats what I had as a take-away from all the legal mumbo jumbo.
But note that I am not 100% sure I've got it right about HIVE.V eventually being able to mine both GPU & ASIC. What I am sure of is that, right now, they only mine the ETH vein (GPU based hardware)in the site they bought in Iceland.
OK, so now to your problem with whether rises in BTC prices translate to rises in ETH.
HIVE.V benefits from ETH price rises in a direct way because thats what they mine in Iceland right now. But watch this fact: In November 2017, both BTC & ETH rose about 49%.
Hence, it is safe to say that the effect of BTC price rises is that you can reasonably expect similar rises in ETH prices.... RIGHT NOW, that is. The two currencies behave differently, but not right now.
I hope some of this helps.
And everyone needs to bear in mind that I read all the docs about 3 weeks back & I've not gone back & re-read them. I am openly stating that I may be wrong in certain conclusions, but not intentionally. Also, if someone is better equipped in certain areas I've misunderstood, please correct me. I'm not proud. I want to know the reality. So, fix errors in what I think I know and, in so doing, help the rest of us out.
Its a huge subject and we need to grow together.
GLTA
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