Replies to post #1747 on AI Artificial Intelligence Ventures Inc (ESIFF)

[Ferda]

Does this table even take into account the increasing difficulty in mining bitcoin? I know for sure the BKPPF projections did not take that into account.

Suprised this isn't dumped into the ground considering 10MM shares became unrestricted.

[Thundercleese]

Ok yeah we are looking at the same info. Thanks for the response. Heres how I read the article: Yes the antminers are ASIC miners and what BKPPF has as a subsidiary is a "Large Scale Mining Farm" so even with a low price of electricity these analysts are estimating Bitcoin needs to trade above $8600 for break even. (Bitcoin has been trading around $9000) so it would be nice if the Bitcoin price went definitively farther north to give us some cushion.

The "ASIC Vendors" are the people like TSMC who manufacture the special chips to sell to the miners. Thier breakeven price to be in the business of selling the chips to miners is Bitcoin at $5000. Presumably because many miners will persevere even when the price is down in the hopes it will go up. $BKPPF is not making the chips, they bought from the "vendors" to be miners.

[MagnumStocks]

I think the "Vendors" refers to corps like Bitmain who sell the mining machine to miners like Block One. In other words Bitcoin has to stay above $5000 for them to continue breaking even selling thier technology. At leastt thats what I gather from the last page of the article.