Well, I invested 1400$ in this project, now this asset costs 28$.
In vain spent money and time.
Great work team, keep us happy.
This is an unpleasant situation, but it takes time to understand the value of the investment, I recommend holding the tokens for at least 1 year and giving the team more time to develop the platform. It will be @ 0 by then and Delisted unless the team makes an effort to include BITS in their platform .. none cares about 0.5% discount you loose more exchanging your btc/eth for bits then you will benefit from it. |
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What I don't get is that the ICO ended many months ago and the investors just accept that there are only 500 miners running .. soon to be 2000 only a fraction of the money taken in its ridiculous.
They had many months to prepare even before the ICO ended and yet this goes at a snails pace and no one sais shit.
I could have more up and running if i was doing everything by myself but they supposedly got a team working on this.
Sluppy, you are so sluppy )))) I could have more up and running if i was doing everything by myself but they supposedly got a team working on this.
WHAT  ? Really? and you provided ICO for mining and know better than anybody how to manage such a company, right? Ye really ive been involved in running miner farms in the past the setting up of the miners themselves that takes very little time the miners you are using are pretty much plug and play. and you provided ICO for mining and know better than anybody how to manage such a company, right? ICO and managing the company Is not relevant to what we are talking about .. Im saying you are doing a piss poor job in getting miners to your site and getting them installed. But ill say this if I where managing your company i couldnt do a Worse job thats for sure. |
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What I don't get is that the ICO ended many months ago and the investors just accept that there are only 500 miners running .. soon to be 2000 only a fraction of the money taken in its ridiculous.
They had many months to prepare even before the ICO ended and yet this goes at a snails pace and no one sais shit.
I could have more up and running if i was doing everything by myself but they supposedly got a team working on this.
Sluppy, you are so sluppy )))) I could have more up and running if i was doing everything by myself but they supposedly got a team working on this.
WHAT ? Really? Ye really ive been involved in running miner farms in the past the setting up of the miners themselves that takes very little time the miners you are using are pretty much plug and play. |
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What I don't get is that the ICO ended many months ago and the investors just accept that there are only 500 miners running .. soon to be 2000 only a fraction of the money taken in its ridiculous.
They had many months to prepare even before the ICO ended and yet this goes at a snails pace and no one sais shit.
I could have more up and running if i was doing everything by myself but they supposedly got a team working on this.
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Still no shortage of Shills in their telegram the amount of spam is unbelievable.
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So who are the members of your team ?
Who is the Lead Dev ?
What are some of these Sportsbooks that you are partnering with ?
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"Farms lifetime not yours" Priceless Im starting to like these guys  (**because I don't own any IRM) but that's a pretty funny fuckin answer scammy as shit but Funny. I might just buy some now to support their comedy. FYI Why are investors paying 20% reinvestment then ? or is the payout now 70%? |
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Cazcoin Shop opening at the end of the month these guys have a lot in the pipeline and seem to be completely under everyones radar atm.
This could get interesting very soon.
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That's a very weird thing to say while your customers are paying 20% for reinvestment. (that's currently covering the shortcoming in operational costs.)
That 20% supposedly replaces all those miners Before they go down with more efficient ones to keep your investment profitable.
So when admin sais that they are saying we are Not replacing anything and pocketing your 20% when shit breaks its gone.
Also how is the Cooling done now that you moved to the warehouse u don't have free cooling anymore how much is that going to cost ? might work during the winter without but how about summer ?
"It's probably better to think of the token profit more as a dividend share "
Not according to IRM apperantly because they say everything will just Die after 3 years so your eating your asset.
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Your message is a bit rude. 1/ Actually, the mine was not part of a marketing plan....They just really thought that it was possible to install ASICS there. So why they didn't do so ? I think they realized that because of moisture and dust it would really decrease the lifetime of the ASICS. 2/ As soon as the vote for contract mining has been released, i for sure tried to explain on the telegram channel that we should all vote "NO" if it's linked with Rock2 project. Otherwise, it would be disadvantageous for ROCK2 holders....and it would bring the mess : not possible anymore to track if our payouts are correct according to the size of the farm. So Dias banned me  (even if i was polite) and said that this mining contracts would be something different than ROCK2 tokens (a kind of separate project). I don't know if he said that because he really thought it from the beginning or if he realized after submitting the vote that he was trying too hard to fuck us. I think the 2nd variant is the right one. When the vote was released, i was consulting this telegram page....I was very surprised to see that more than 20 Yes appeared very very quickly. during the first minutes the "Yes" was winning. I strongly suppose that all colleagues of IRM company where asked to say "YES" as soon as the vote was submitted (to establish a "trend")...Hopefully the "NO" has largely won. 4/ They must last 3 years at least (new piece of information for me). Otherwise some investors (specially the last investors of phase2) will never get a payback equal to the amount they invested. I don't know laws in KZK, but if you do foundraising and deliberately don't complete the conditions to give a chance to the investors to get a payback, it's not legal in some countries. Actually, investing in ROCK2 ICO was not a good idea...but buying ROCK2 tokens when the tokens became tradeable on the exchange (at this time the price was very low) was maybe not such a bad investment. So I repeat, to my opinion, they didn't want to scam at the beginning. It's just that due to their huge lack of experience, the project has not run as smooth as foreseen. It can only be better now (and will be i think). IRM is risky for sure, but still think it's possible to make some profits with this project. No one that bought the ICO will make any money. The cave was definitely part of their marketing strategy they where told many times about dust moisture etc etc but nono they knew best the cave would not have to pay for any cooling equipment remember ? These cloud contracts how the hell would that work they dont have the hash power to pay their ICO customers and they want to Sell hashpower ? im confused or rather Amazed. So now they would sell cloud contracts take in some more money and then dissapear .. |
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Personally I really hope the price of tokens will soar to the moon. and I also always pray the best and see the development of these coins.
Hope it is good, but on the other hand it is stupid, ICO ended a long time ago, it is not clear what the team is doing. Is the team just waiting for the market to grow? They are waiting for the bull run but did not happen yet ,delaying the exchange for 5 months is really a bad idea for this project and I dont know if marketing for this platform is really working now because they allocated millions of dollars for marketing and I cant see any new clients so the value of the tokens is very low no liquidity. all this marketing and work your talking about is all about their gateway and they have made it very clear Bits holders get no benefits from that besides the 0.5% fee discount .. and other Yet to be determent discounts on potential products listed on platforms they are connected 2 so big fat sack of hot air. these platforms will beable to compete with the Amazons and Alibaba's of the world to give us better prices I don't think so. That Povlas guy was pretty much laughing about it in Telegram what an asshole. "Would it affect a share price if token would be a share? Probably yes. But it’s not." They took our Millions and funded their own little project and we got fuck all. |
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( FAQ on website )
("Why don't you have links to the profiles of developers on social networks?")
("Firstly, this is their wish, which we respectfully honor. And secondly, our project is not interested in ensuring that our developers are constantly distracted by offers of work."
I was looking for a project to invest in but i dont invest in anonymous devs on principle.
To bad I liked the plan your not reinventing the wheel just combining stuff but Anon = a No for me.
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Personally I really hope the price of tokens will soar to the moon. and I also always pray the best and see the development of these coins.
Hope it is good, but on the other hand it is stupid, ICO ended a long time ago, it is not clear what the team is doing. Is the team just waiting for the market to grow? No wonder, the team is just waiting for the beginning of a bull rally, like many investors, but as practice shows, the market itself does not wait for anyone and does not regret it. You need to be strong to withstand this difficult moment! Once again please explain how this token will have ANY value ? their payment gateway will have value but the Token wont at this time the only benefit this token has is that it will give you a 0.5% discount on fee's that's NOTHING you lose more then that buying the token on the market. There where more benefits at some point wich have now dissapeared i cant imagine i invested underthese circumstances i vagely recall them garanteeing the buying power of the token @ 1 usd but i havent been able to find any reference to that so that might just have been my imagination. I dont see why Anyone including myself would have invested for a 0.5% total benefit. |
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**********ATTENTION**********If you are interested in participating in a Community Takeover of Bit Money please visit:
https://discord.gg/ar6D3Md
Join in the discussion. We will be looking for any professional developers, marketers and MasterNode owners to chime in and give us all your thoughts on project.Tentatively Proposed Name: Bit Money V2 - Project Phoenix Stop taking over failed coins when the devs run off .. its a big waste of everyones time .. if u like the concept that much do a full redo dont take over a failed one with 0 funds for development and marketing it makes no sense at all. |
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Id like to know how the short coming in the 20% operating costs is paid.
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Well, let's name the facts instead of claiming false accusations here.  They do not give a shit about the current investors as they are now blocking any potential new investors, not that many would invest now that they have seen the size of the payouts.  Actually this is a big lie, don't you watch their q&a? The whole profits of the team and investors are depending on the operations, 10% team, 50% investors. If you wasn't aware of this it's your fault, it's no suprise, Icerock has said this very often. Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio. So for your 20,000 ROCK2 tokens which at 50% Discount on ICO price cost you 10 Grand you received......wait for it...…...at whopping $27 dollars....at most. Do you feel proud? LOL $81.00 per month. So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
Your figures are wrong and have not taken into account difficulty and price movements. At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment. When do you expect to make your money back, some time in 2023? Do you know the word risk? Give me a name of any mining company offering better payouts that IRM - you'll find none! Because all other are not profitable or keep the profits for themselves. Remember the difficulty how high it got! Ther are many capitalist miners just mining and keeping all the profits for themselves. We don't need these capitalist, centralized miners, they are not better than the current rich idiots. Watch this: https://www.youtube.com/watch?v=S00MWI3YeP4Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!! Difficulty will be through the roof next year leading up to the halving and you are better off selling up and buying 1.5 BTC now than trusting these liars with your hard earned money.
The only liar here is you in addition making investment advices based on lies.  They have lied about many things and continue to do so. Want me to list some of their lies? What the heck, just for you oh wise investor.
snip
You definitely haven't any exprience of doing such an large scale project and can't imagine what it takes for efforts. And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no Market conditions have changed drastically, this is no surprise after BTC price spike in December. These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms. 5. They continue to lie on their videos and to their investors
Watch it again, your imagination is just amazing. You should become a truther. Ask Peter K. LOL
At least he is more educated it crypto business. I don't hate IRM, I think they are con artists who have deceived many people.......me included until I woke up but the problem is that they continue to LIE to their investors in the Telegram, every single day I read it there is bans, warnings, non-stop ass kissing and lots of promises and B.S from their monkey admins on there.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
How ignorant can someone be? They will never exit-scam, please stop telling your wishes! If they are scammers they would have already taken the money, now they are beginning the operations it's obvious that they are not interested to do a scam. They are well known, pictures and videos everywhere now, a scam would have taken them to prison, even direct after ICO. Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this. I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: https://www.youtube.com/watch?v=0V51w6U4XMAerm who are u ? They calculated potential future btc rises into their roi calculations u know any other company that has done this ? Not only did they advertise with 400% while many of us told them their Calculator was misleading using btc @ 11k while it was @ 7 or 8k they also Doubled down after the big drops they said 700% roi and btc would go through the Roof this summer. all things you can speculate on but they where singing the gospel like it was guaranteed while being told serveral times that was insane. They advertised with "special" miners none else had that where giving 30 usd + a day roi something that might have been possible for about 1.3 seconds at btcs highpoint. They have misrepisented everything all over the place .. remember their 20% operational costs ? 10% for team 50% investors and 20% reinvest ? i tried many times to explain to them that 20% is not a constand in this buisness one day it may be 100 bucks the next 200 or 50 but they stuck to their theory .. however now 2.5cents per KWH isnt covered by the 20% Who is paying the difference have they came out publicly to explain ? They grossly underestimated the work and grossly overestimated their earnings they come accross like never having managed a buisness of this size. addressing the "haters" in that video was a big laugh. tmfp's Post one page back sums everything up very well and thats why it was quickly deleted from their thread. |
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lol you really did a full 180 from a few weeks ago Not disagreeing just saying |
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the end of his long waiting it gives a very good news. congratulations to all the participants to join in the project, eventually the news about the market is already there. Hopefully the price equivalent to the price of the ico.
for now the price is still very cheap and in my opinion, it takes time to get the ICO price and at least if it has been listing like this the participants become calmer and just wait for the high price. all of that needs a process of course but if you look at the enthusiastic buyers at HITBTC I believe that the price of BITS will slowly rise and hopefully it can reach the ICO price. All of us have long been waiting for the beginning of the bull rally on bitcoin, which will contribute to the growth of many ICO projects that were conducted during this difficult year! I personally also think the same thing with you. I believe that this coin is very good for the long term, one day soon these coins will certainly have a very wonderful price. Maybe you can explain where BITS value will come from ? why is it valuable ? We didnt get stock in the project we just got tokens that will give some undetermined discount from vendors we dont know anything about that can supposedly compete with Amazon and Alibaba. Their exchange gateway might work wel but we wont see any of those profits. please explain it why BITS will have value because I don't get it. the market is dropping like a rock if u believe so strongly buy it all its wat sub 10% of cheapest ico price. Btw there are No buyers on Hitbtc its all bot traffic all green while the price drops .. we must be patient if I want the price of bits to reach the price of ICO see the current condition I think is quite difficult and long, there is good if there is no urgent need for tokens to be reduced until the price improves. please explain to me Who will BUY BITS and what will they DO with BITS ? people are going to buy them for the 0.5% discount ? please explain because I don't get it. |
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NANO volume dropped like a rock ,, that's not nice to see  |
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the end of his long waiting it gives a very good news. congratulations to all the participants to join in the project, eventually the news about the market is already there. Hopefully the price equivalent to the price of the ico.
for now the price is still very cheap and in my opinion, it takes time to get the ICO price and at least if it has been listing like this the participants become calmer and just wait for the high price. all of that needs a process of course but if you look at the enthusiastic buyers at HITBTC I believe that the price of BITS will slowly rise and hopefully it can reach the ICO price. All of us have long been waiting for the beginning of the bull rally on bitcoin, which will contribute to the growth of many ICO projects that were conducted during this difficult year! I personally also think the same thing with you. I believe that this coin is very good for the long term, one day soon these coins will certainly have a very wonderful price. Maybe you can explain where BITS value will come from ? why is it valuable ? We didnt get stock in the project we just got tokens that will give some undetermined discount from vendors we dont know anything about that can supposedly compete with Amazon and Alibaba. Their exchange gateway might work wel but we wont see any of those profits. please explain it why BITS will have value because I don't get it. the market is dropping like a rock if u believe so strongly buy it all its wat sub 10% of cheapest ico price. Btw there are No buyers on Hitbtc its all bot traffic all green while the price drops .. |
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