Replies to post #44465 on Integrated Ventures Inc (INTV)

[EliSmith]

I have read the average cost of production for one bitcoin in the USA currently is about $7300. That is where the $15k after halving cost comes from. INTV currently has a cost of about $4500 so after halving cost will be substantially less than 15k facilitating a better than average chance of survival for INTC. Some miners in China have a current cost of between 2.5k and 3.5k. IMO Chinese strategy is to try to become the only country mining btc . INTV also mines Ether which is not halving. If it becomes necessary hopefully INTV can switch over to predominately ether mining like HVBTF. As far as btc future price goes, I believe the recent crushing of the btc price has hurt it's credibility quite a bit.