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Integrated Ventures Powers Ahead With Bitcoin Mining Operations

Bitcoin Miners - Great Way to Play Bitcoin Market With Less Volatility.

PHILADELPHIA, PENNSYLVANIA--(Marketwired - Nov 28, 2017) - Integrated Ventures (OTCQB:INTV) (INTV) has reinvented itself as a pure play on bitcoin mining. Earlier this year INTV set up a wholly owned subsidiary BitcoLab to focus exclusively on setting up bitcoin mining operations. Their approach seems to be very measured and thoughtful because they are starting out small in order to prove the concept out with a 1000 SF warehouse and then expanding to a 10,000 SF warehouse with solar panel roof. They have a diversified coin strategy and are mining Bitcoin, Etherium, and Litecoin. They have also taken a number of calculated measures to improve the company structure with only 40 million authorized and a significantly strengthened the balance sheet it positions them well for future growth. The company is cash flow positive after the mining rigs started last week. There is also a hint of a vertical integration strategy that may lead to other acquisitions. The company is also breaking new ground as one of 2 publicly traded bitcoin mining companies.

Core Business : Mining Operation

Bitcoin mining operations seem simple on the surface and most think you need power and need some mining units. If we translate this into an analogy its equivalent to gold panning on a river. It's not very efficient. Bitcoin mining is far more complex and you want to select a bitcoin miner that has streamlined operations and is getting ever last ounce of productivity out of the operation. Whichever bitcoin miner has the most powerful machines has an advantage over others. What this means is that the miner needs to have the latest mining equipment. Believe it or not by the time the miner gets delivery of his equipment it's almost obsolete. A miner need to find a way to optimize his mining rigs by selling the low performing ones and replacing them with the most advance models while optimizing the return on investment. Power is also a bit factor so getting a renewable source of energy like solar would reduce the cost of minding. Another factor is the volatility in the bitcoin market. A good miner will have a trader that takes advantage of this volatility or hedges the risk. Mining equipment can break so contingency planning and manning the downtime is another very important factor in operations. Another consideration is that miners operate together as part of mining pools and switching between pools to optimize the yield is part of the game as well. The cool thing is that you can measure their efficiency by their yield and the numbers are in real time.

Bitcoin just hit $10,000.

I was wrong about how high it could go. Congrats longs.

GBTC is up $178 per share just today ROFL

Thats all fine and dandy until the first hack is made public. Then it crashes faster than Tulips.

lol continue to hate on progress, you were probably one of the people who were like wait the internet wait until that flops

I've claimed some of my bitcoin gold, but I'm having an issue on one of my other wallets. I had transferred some from one of my wallets to another one of my wallets (so I held the bitcoin the entire time over the time BTC officially forked with BTG via two different wallets). I tried claiming it on either of the two wallets and it didn't seem to work. I hope that makes sense. Anything I can do?

You have to take profits along the way.

Is there a way to get bitcoin gold and bitcoin diamond from coinbase?

Yeah, and GET OFF MY LAWN!!!

Yeah, you just have to hold a stake of btc during a fork.

are you aware of what my profession is? What I do?

The cost to create a fake bitcoin would be in the billions of dollars due to the nature of block chain technology. I guess I’m not sure what you mean by bitcoin getting hacked.

its just a joke man, I just hear shit every day from my family who thinks im dumb for investing in crypto.

Block chain does greatly minimize your attack footprint. I'm really high on block chain tech becoming more mainstreamed sooner than later. I've already written up architectural proposals for some smaller shops to utilize block chain.

Hacked = stolen from the owners, not corrupting the bitcoin itself.

If you rob a bank or stuff a ballot box, there is paper representing that amount or ballot somewhere. Buy gold, thats physically somewhere. Its harder to hide the crime than a pure electronic transaction.

I worked at a place that was hacked 1 million times a day, every day. No one got through in the 4.5 years I was there. We know how to secure electronic data. But, its very costly to implement. And if you get to that level of security, you still have to deal with the weakest part of the security chain, us humans.

Now its up $221 per share

Bitcoin just now hit 10,000 on coinbase

I hope for God's sake some of you have taken some profits off the table.

After that.....let it ride!!!!

The worst Tulip, is the unfunded mandates in the U.S.A. When that ponzi blows, it's over.

I knew I should've bought 1 or 2 bitcoins when it was around $2k. Too late now! :facepalm:

I'll have to keep my eye on some BTC stocks instead.

Just bought into IOTA tonight, it's going to be the next one like ethereum

Litecoin rush right now. Pivx recovering after some problems implementing zerocoin protocol. I have the next most of those coins as far as amount of coins. Need to get more Ethereum, I think.

Not too late. Can buy fractions of BTC if necessary.

Jesus christ why do i do anything other than throw down money on crypto. Im getting nervous a bunch of assholes are pumping this up and manipulating the market. The transaction fees are so high right now

Bitcoin: $11,115
Ethereum: $498

I wouldn't worry too much, especially if you have ethereum. It has been a somewhat healthy growth and been pumped by big news not just random. I think bitcoin has pumped up so much because its all over the news and the average person that would have never knew about this knows about this now and is investing money into it.

With all this money you guys are making I think you should buy an airplane and a banner and keep it ready for emergencies

When you have 900 people holding the majority of bitcoins and no rules against colluding to drive the price up, its a valid concern.

True story. I was still working doing desktop support and I tried to convince my wife to buy some .com domains. At the time it was not settled that .com was going to be the most popular domain. It cost $75 to own one back then. There were still major domains left. NY, San Fran, pretty much every major city .com. Furniture.com ended up selling for $3 million etc.

We still didn't have much money and had debt from school. I really want to spend $1000 and buy these domains. She shot it down. I give her shit about it all the time.

Where do you get that info? I know the Winklevoss twins have a ton, but I haven’t ever seen any data to back up your claim.

google it yourself. Geeezz. 4% of owners own 95% of bitcoin.

http://www.zerohedge.com/news/2017-0...ver-95-bitcoin

Sounds like the US dollar

iwas close to winning this one, but I broke even.

Coinbase screwed me hard today.

Once I could tell bitcoin had crazy momentum after smashing through the 10k barrier, I went back to the coin telegraph analysis from nov 21 saying Bitcoin would breakout to 11k if it had momentum after breaking the 10k barrier.

This morning, bitcoin got to 11250 and I went to sell it all and their site had crazy issues for an hour or 2 where I saw the correction start and I got to work and got busy and didn’t get a chance to check it till the damage was done.

I even had a trigger set in place for when it got down to 9000 to rebuy.

I was prepped and ready to go and had the prices almost pegged exactly.

Sell at 11250 buy at 9000

And since the dip it’s risen back up to almost 11000 again.

That should have been a 4K move for each coin.

This isn’t the first time coinbase “had issues” during times of high volitioity.

https://cointelegraph.com/news/price...ipple-litecoin

That’s the analysis I was basing my plan on.


This is a great read from nov 25th saying Ethereum would dip to “420 levels” after breaking out before resuming its bull run to 652. https://cointelegraph.com/news/price...-litecoin-dash

Everything so far has gone exactly how they say it would...it dipped from 515 to 410 today and has already recovered to 461. In the same day.

Don't you find it odd that you can't sell on the way down? No one can but the big guys.

It's a rigged market just like penny stocks.....:rolleyes:

ive never had any of these problems with buying or selling ever

When the moves are minor or no volatility.

That's awesome!

Boss, why are you not using GDAX?

Not sure. I’ve always used coinbase, I guess

GDAX is Coinbase with lower fees. Same company, same login. Look into it.

:thumb:

Went to a Bitcoin Meetup last night. Talk about a frenzy! Reminded me of real estate investing in 2005. Started in 2013 with 2 guys. Half the room like me - about 4 months in.

I just bought 2 shares of GBTC . I couldn't stand it any longer. It should go down now.

Bitcoin 10,922

I'm pissed. Can't find an entry. Like trying to climb on a moving train.

<iframe width="560" height="315" src="https://www.youtube.com/embed/LLKg999Wlsg" frameborder="0" allowfullscreen></iframe>

My friend created a program to help him automate buying and selling bitcoins and at one point had 77 of them. He then sold them for less than $300.

Billionaire investor Michael Novogratz, who forecast a $10,000 price target before the end of 2017, made a follow-up prediction yesterday. (See also: New $500 Million Hedge Fund Will Focus On Cryptocurrencies.) According to him, bitcoin’s price will hit $40,000 by the end of 2018.

December 10th is when CME will begin trading Bitcoin futures.

That aught to kick it up a notch or 2.

June 2018 is when Bitcoin will start trading on Nasdaq.

Buckle up.

That’s just part of the segment Chiefs Rocka posted.

It’s definitely worth watching.

Anyone know much about ripple?

Its the banks attempt to monopolize blockchain. Ripple network may survive but the currency XRP will not IMHO.

What about IOTA? I am exploring the idea to invest in that.

Fred Sanford used to drink the hell outta that shit

There are several stocks you can buy so you don't have to go through the hassle of trying to buy crypto itself.

GBTC is solely Bitcoin stock

BLKCF is diversified with a lot of the different coins

INTV focuses on mining Bitcoins

GBTC trading at a high premium right now. I expect that to drop once futures trading opens.

Doesn't that take place on the 10th ?

Correct. I would drop GBTC before then, but I’ve been wrong before.

I'm thinking it will dip and then recoup. It follows Bitcoin and Bitcoin isn't going away for awhile.

I like this site to see what other investors are thinking. It's like Chiefsplanet for stocks. Punch in any stock and see conversation.

https://www.stocktwits.com/symbol/GBTC?q=GBTC

I don't understand, why would you buy GBTC instead of actual bitcoin?

Exactly.

IS there a new time thread on how to even get started into investing

Easier
Safer
Just as profitable

I put my Bitcoin on a flash drive which I kept on my keychain but unfortunately I lost my keys.

Simply...Retirement fund exposure

Merging Blockchain and IoT: A Match Made in Heaven
December 3, 2017 1:15 by Rahul Nambiampurath

Merging Blockchain and IoT: A Match Made in Heaven
The Internet of Things (IoT) market has been on an upward trend in 2017. Those in the sector have been using the term as a catch-all phrase for everything from home automation to smart urban planning for a few years now. With an estimated 20.4 billion internet connected devices expected to be in use by 2020 though, many question the shortcomings that come with conventional implementations of IoT networks.
Tempering an Army of Machines
The sudden influx of smart devices poses new problems related to security and reliability, especially for items previously networkless. If, for instance, every household appliance relies on a connection to the internet, it would take no more than an ordinary hack to render most of them useless.
These machines also become vulnerable to breach as attackers can easily eavesdrop on the sensor data sent and received by Internet-connected devices. If companies can be incompetent enough to lack proper encryption for passwords, putting private data in their hands can be a recipe for disaster.
Not only do traditional IoT implementations lack essential security considerations, but they also suffer from the problem of centralization. In the case of a single point of failure for any large-scale IoT infrastructure, this also spells disaster for the functionality of these devices.
Following a server failure, for example, an entire army of smart devices is immediately crippled. Smart devices can become essentially worthless if a distributed denial of service (DDoS) attack is orchestrated against that central server. This is especially worrisome since DDoS attacks have affected multiple websites in recent years.
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The Blockchain to Soothe IoT Woes?
On the other hand, blockchain technology relies on peer-to-peer validation instead of a central, authoritative trust. Data on a blockchain is also cryptographically encrypted. In the IoT space, where every device communicates with each other, using a blockchain essentially negates all of the problems listed above.
Considering these advantages, it would appear as if the blockchain is the metaphorical knight in shining armor for IoT networks. The technology brings decentralization, multiple layers of redundancy, exponentially enhanced security and a multitude of other improvements that would require a more significant time and monetary expense to crack through traditional invasive hacks.
However, if blockchains are the definitive solution to all the problems IoT networks currently face, it is probably prudent to ask why it took several years of IoT evolution before any attempts were made to merge the two technologies together.
Looking Beyond Finance
The primary problem appears to stem from the relative infancy of the blockchain technology in general. Although its financial applications are well known, the advantages outside of the cryptocurrency territory are relatively unturned.
Bitcoin’s release in 2009 was the first practical application of a blockchain. In the case of digital currencies similar to bitcoin, blockchains are used as a public, decentralized ledger to record transactions in a secure, immutable manner. Since Bitcoin’s release, businesses have attempted to integrate blockchains into nearly every industry, from agriculture to logistics. Startups have also begun cropping up en masse, bringing with them a seemingly infinite supply of new Initial Coin Offerings (ICOs).
It is possible, after all, that the marriage of the blockchain and IoT has already begun at several companies. But as we inch closer to a future where everything is connected to the internet, it is now clear that blockchain technology will play a pivotal role in achieving increased security, reliability and trust in IoT networks.

Food for thought and why I'm more comfortable buying bitcoin stock instead of bitcoin:

The US Federal Reserve issues a warning, urging that measures may need to be taken in the future to prevent financial instability if more money is invested in Bitcoin.

The US Federal Reserve has issued a warning stating digital currencies, specifically Bitcoin, pose “financial stability risks.” The news preceded a 10% reduction in Bitcoin’s price on Friday, which has since recovered over the course of the weekend to resume all-time high levels as the price hovers in the region of $11,000. The warning was prefixed by a statement citing that digital currencies, such as Bitcoin, do not yet pose major concerns at their current levels of use.

Randy Quarles, the Fed vice-chairman of supervision, said:

More serious financial stability issues may result if they achieve wide-scale usage. (Digital currencies are a) niche product that sometimes garners large headlines. (It) has no intrinsic value, is not the liability of a regulated banking institution, and in leading cases, is not the liability of any institution. Indeed, how to treat and define this new asset is complicated.
US DOLLAR RELIANCE?

Could Cryptocurrencies Take Over the US Dollar as World Reserve Currency?

Randy Quarles went on to say that an economic system could be greatly challenged by liquidity and credit risks brought about by a lack of a stable exchange rate between cryptocurrency, such as Bitcoin, and the US dollar in times of adversity.

Given that Bitcoin specifically is seen as a potential successor to the US dollar, why would anyone want to exchange a dominant, backed currency for fiat currency that’s backed by government decree? It’s an arrogant statement from the Federal Reserve, but perhaps for speculators eager to exchange Bitcoin for US dollar profit, it may just scare them into thinking, or at least an awareness of, that a sudden crash in Bitcoin’s value might mean they will be unable to exchange it for USD rather than flip it onto the next man. It’s a short-term view, and yes, Bitcoin currently has no real advantage in the wider retail sector for payment, but as a cross-border method of payment, it excels. Also as a store of value, coming from a limited supply, its value is set to appreciate, especially if growth on a wider scale of retail acceptance is factored in. After all, if more people are investing in record numbers, then it only makes sense that they may wish to use it for payments rather than as an investment or store of value vehicle.

PUBLIC SERVICE

A Coordinated Law Enforcement Operation Across 3 Countries Took Down AlphaBay

For the Federal Reserve, as with the Chinese government, they serve a role in protecting the average citizen, to warn them of danger. Anyone looking to make a short-term profit from Bitcoin should seriously consider other less volatile options. Members of the financial sector have already warned that investors would seem to be only wanting to sell their Bitcoin to the next person, the bigger fool theory, rather than invest in it for its future value or technological worth. Perhaps those investors then really should steer clear.

this is just not true.

blockchain does not create or eliminate trust. It merely converts trust from one form to another. While we previously had to trust financial institutions to verify transactions, with the blockchain we have to trust the technology and the peer itself.

Peers can be compromised. There are already rumors of man in the middle exploits being on the cusp of release.

There is no chance in hell block chain will be mainstreamed without an authoritive 3rd party between the transactions and peers.

If you guys want to hear the best insights check out "Bad Crypto"

It's a podcast about cryptocurrency! it's already the #6 ranked podcast on iTunes in investing.

If you want to learn about bitcoin and blockchain check out Bad Crypto. It's pretty entertaining, as well. 😉

I honestly would start selling if the feds start to regulate crypto or make it a pain in the ass to own..

The protocol is trustless because its math. Your last statement is false because that’s exactly the reason it IS mainstreaming.

Nice Big Bang Theory reference......:D

I'm not so sure. Most bitcoiners are libertarians but regulations would actually make it even more mainstream and easier to buy in your 401k. I believe this will increase trading volume 10 fold, driving the price even higher.

really? You said this out loud? You think a protocol is math or not math? Protocols are defined by math?ROFL

ROFL 99% of all businesses in America have no clue what a block chain is but it's mainstreaming now?

You do not need a trusted third party to prove 1+1=2

Open source software handles the rest of your argument.

Also, you'd be hard pressed to name a fortune 100 company that isn't heavily looking at blockchain.

Lastly...

https://scontent-sea1-1.cdninstagram...OTgzMQ%3D%3D.2

I was floored. An hour at deer camp was on this topic and I'm still shocked by the 3 guys who apparently buy bitcoin. I would have bet money none of them had even heard of it.

Yeah bad crypto is aRI chiefs from the kc star board