ICO Ice Rock Mining (ROCK2)
Why investing in Ice Rock Mining?
Ice Rock Mining has brought a new concept to solve many of the current problems faced by established Cloud-Miners like Hashflare or Genesis. For a long time, cloud mining companies have been accused of wanting to withdraw customers, which in many cases also applies in full. Over 95% of all providers who pretend to mine Bitcoin, lie to the "customers" brazenly, because they have no facilities (so at least my objective impression). There are so many scammers in this area, so trust in cloud mining has been lost.
Many of the remaining vendors who really own equipment only pass on a small portion of the revenue and instead line up their own pockets. At the moment, this is Hashflare, which has limited its contracts to 1 year, withholding many maintenance and repair fees, and even canceling the contracts if the revenue from mining exceeds the Hashflare maintenance and repair fee for 21 days , furthermore, the payout fee of currently 400 USD is a joke!
The only reputable provider that could be recommended is Genesis Mining, which is actually sold out. Actually the demand for cloud mining is very high, so other providers like Genesis would have good chances of success.
Ice Rock Mining could have good chances to grow and make high profits by working out a new concept for mining business:
Malik Murzashev, the CEO of Ice Rock, has been mining Bitcoins since 2012 and he has bought from the Kazakh government an old Soviet bunker built as a cave system into a mountain, which had no use after the end of the Cold War, and Malik bought some of the surrounding area, too.
The facility is located near Almaty, Kazakhstan, the exact coordinates of the area are available on request from ICO chief, Dias Kurmanov.
In this big tunnel system in the mountain, the team wants to operate bitcoin mining. The system offers these advantages compared to conventional providers:
- Due to the constant low temperature in the mountain (about 10 to 12 degrees), there are no costs for cooling the equipment.
- There are no rental costs, as the owner, CEO Malik Murzashev, already owns the facility.
- Ice Rock Mining gets his energy from a nearby hydroelectric power plant, Ice Rock has already signed a contract. The electricity price is therefore only 3 cents. In addition, the mining is 100% green.
How to finance Ice Rock Mining from mining-revenues:
50% payout to ROCK2 token owner
20% Reinvest to expand mining performance in new ASICS
20% costs for operation, maintenance and repair
10% Ice Rock Mining Management, PR
So you can see how the company is financed and how Ice Rock can survive in the future.
At Ice Rock Mining, the customer gets 70 percent of the revenue (50% direct and 20% through reinvestment in expanding the capacity of the facility). 30% stay at Ice Rock.
At their Website you can also find a calculator showing 400% in one year, I think it's very optimistic. I get to know, this calculation was based on a Bitcoin price of $ 13,500 and a difficulty from the beginning of January. Now I would say, profits of 150 to 200% are more realistic, but it's still very good.
How does it work with the ROCK2 tokens and the ICO?
The ICO now offers the ROCK2 tokens for sale until 25.05.2018 (unless they are already sold out before). These tokens will be used when the mining starts in July to get mining-revenues contributed to the people who own them.
The "Smart Contract" developed by Ice Rock automatically recognize which ETH address contains the number of ROCK2 tokens. The monthly profits from the mining are then paid to the individual addresses in Ethereum, depending on how many tokens you own.
The project is currently in the ICO, but there are already 300 Antminer S9 (13,5TH / s) in the cave, so you do not invest here in something completely unknown, but there are already various tests. The technical director, Mikhail Pluzhnikov, already has 3 years experience in mining and leads the project in technical aspects.
With such a project, I also consider these pre-tests are necessary, not to invest here without references.
Very positive too is a high transparency of the project. Many videos about the current activities as well as about the pre-tests with the equipment that is already running in the cave. Just such transparency is very rare in the mining business, which makes this project very trustworthy.
It's a real good concept to displace the established mining providers, because the costs in the highly competitive mining business are very low at Ice Rock. Cheap production costs, such as Ice Rock, are fundamental to the future.
Another very important point is, that Ice Rock does not offer contracts to buy, but tokens that you can resell at any time. While like with Hashflare the purchased contract expires without substitution after one year (!!),you have additionally the value of the tokens with Ice Rock. And so they run "lifetime" as long as mining is worthwhile.
These can someday be sold, but they do not have to, because who wants to sell something that yields very good returns?
With this token model Ice Rock has a decisive advantage over the established competition. It's a whole new funding system that I think will replace the current contract system (like Hashflare).
After all, the value of a token that consistently generates high profits is very likely to be in great demand and rise accordingly in price.
As the total project's processing power will steadily increase due to the 20% reinvestment (the difficulty increases on average as well, but significantly less), the income per token will also increase, which will also increase the value of the tokens over time.
The ICO will end 25 May 2018 or by reaching hardcap of 13.500.000 USD and mining will start in early July. If hardcap is reached sooner, mining could start sooner, too.
Financials:
Max. supply: 23.000.000 ROCK2
Softcap: none
Hardcap: 13.500.000 USD
Price per ROCK2: 1 USD
ICO ends: 25.05.2018
Bonuses:
14.Mar - 20.Mar +30%
21.Mar - 03.Apr +25%
04.Apr - 17.Apr +20%
18.Apr - 01.May +15%
02.May - 15.May +10%
16.May - 25.May +5%
Be careful: ICOs are very speculative, so either high profits or heavy losses are possible. So you should be aware of the risks, yet I see good potential here, that could be very profitable through the experience of the team, its transparency and the marginal factors of the concept of an investment. Therefore, I advise everyone who is interested, make your own research before you do the first deposit:
WebsiteWhitepaperTelegramTwitterSo Ice Rock Mining could get the most profitable mining.
Topic: [ICO Review] Ice Rock Mining [ROCK2] (Read 959 times)