[ANN] 💰⛏ 💰⛏ 💰⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT

[tmfp]

Fixed it for ya.

He was right first time unfortunately; the money has changed hands.
Anyone fancy hiking thru Kazakhstan to get a refund?

nah. nobody would have been *that* stupid. even Dias. 

I was referring to the current ownership of the ICO money.
That is now in IR possession, having been swapped by investors for promises.
Re S11's, I was surprised to see them as an option on the "Which miners shall we buy? Poll" as, until Bitmain release specs, prices and delivery schedule they should be regarded as vaporware for all practical purposes.

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[freemind1]

I've been a little lost lately and in the end I do not know what they're going to buy for mining, nor reviewing the previous posts I see it clear

[tmfp]

I've been a little lost lately and in the end I do not know what they're going to buy for mining, nor reviewing the previous posts I see it clear

According to their Telegram message June 15th, they are buying 500 Antminer S9 units, which model not specified.

Did they already place an order to buy miners then ?

They decided yesterday that ordering 500 S9's is the path to LIFETIME PROFIT.

[freemind1]

@tmfp thanks for the clarification. We will see how this project evolves, fortunately and unfortunately I have few tokens

[meikelcoin]

@tmfp thanks for the clarification. We will see how this project evolves, fortunately and unfortunately I have few tokens

500 s9 miner.    Jau. and 1000 S11 miner and 200 S13 miner 

[Pizza35kk]

For those who may or may not have issues with depositing into token store , i had to click submit 3 times before it go through and for others it maybe twice , and it has to be done quickly , this was sorted by the most patient professional admin in tokenstore , i wish all admins should take a lesson from this guy , cheers !

[andiagung]

i tired sending 1 rock 2 token and used the smart contract address and i am not seeing the token in the token store wallet
i saw this one but he is buying with eth , i am trying to sell , so i am trying to send rock2 to the exchange wallet , did u use the smart contract address to send ?

[davidjoshua]

In general, the current regulatory atmosphere would indicate it is not wise to seek listings on bigger exchanges with a security token as the bigger and better known exchanges tend to try to be compliant with regulations.
Thus, a handful of decent DEXes or known and more or less trusted exchanges will suffice.
after all, money spent on listings is MUCH better spent on miners.

[mimipupu11]

Payouts are expected at the end of July but it could be delayed because we ordered the miners a bit late. Also they will start with 10% of the total investment so the payouts will start as low. But when we are fully operational you will see the growth👍👍

[bitcointrader56]

I have my personal opinion on the way forward but being a longterm investor whatever decision made i support because i am not interested in the exchange price

[mimipupu11]

BTC is more stable then video cards. Also they're old. latest graphic cards are 2 years  old almost
but AMD says they will bring new model every year..
they announced last week.

[remember10x]

when company send payouts, its up to them, somebody must push the button, but after everything will be working it will be once per month
they will take actual profit from that month, 50% is for payouts. then they will divide that monthly profit with amount of existing tokens on the world and that is monthly payout for 1 token for that month
don't remember ICO is over, you can't buy tokens from company, you can only buy on exchange, link in pinned message

[rteee123]

I calculated that if BTC remains the same price ie about $6K and profit is $0.02 per token per month if the farm has 5000 S9, then it will take 18 months to break even. Is my calculation correct or am I missing something.

[Btc_1856]

Payouts are expected at the end of July but it could be delayed because we ordered the miners a bit late. Also they will start with 10% of the total investment so the payouts will start as low. But when we are fully operational you will see the growth👍👍

Every companies dividend will low at the beginning of their life but one thing we have to remember if the company has ability and capability then definitely the price will start increasing in the market. So the situation will work for people who believe in the project for long-term holders.

[Leighton129]

in last Q&A Dias told something about 5MW is not a problem, he didn't tell 15 MW is not a problem...
imagine cost of power wires, transformes, for 17 MW

[laredo7mm]

I calculated that if BTC remains the same price ie about $6K and profit is $0.02 per token per month if the farm has 5000 S9, then it will take 18 months to break even. Is my calculation correct or am I missing something.

Such calculations are pointless. The math is correct, but how much time to break even depends on factors that we cannot predict. If you sell all dividends as soon as you get them every month for 18 months, the chances are very small that average price of Bitcoin will be $6k. I think the average price in 18 months will be much higher than $6000. And if you are smart, you will not sell all dividends every month, but you will sell them when price is high.
Another thing is that IRM will probably not buy 5000 S9, but they will wait for next generation ASIC miners.

[hexaman]

how much would 10,000 rock2 return when bitcoin is at 10,000kusd? any way to tell? its going to be pretty much like 70-120 a day im thinking
or 50-80 usd a day
my hashflare did amazing at 70th , when bitcoin was 10500 or higher
anything under 10k bitcoin mining is hard due to electricity costs and difficulty rating

[tmfp]

how much would 10,000 rock2 return when bitcoin is at 10,000kusd? any way to tell? its going to be pretty much like 70-120 a day im thinking
or 50-80 usd a day
...

When Bitcoin first hit $10k (Dec '17) the difficulty was 1,347,001,430,558, with 9,642 PH/s hashing.
These have both increased by a factor of ~4 in the last seven months.
Before operating costs, now 1 TH/s would gross ~$15 per month at current difficulty if the price was $10000, whereas at Dec's lower difficulty that would have been ~$57.
It is extremely unlikely that we will see December level profitability again, certainly in the near future. That anomalous (freak) rate of return was what IR decided to use as typical for the future, with their 357% etc. ROI nonsense.
How much each token will receive depends on how much hashrate output is allocated to it, which in turn depends on how many miners are being deployed. With the small amount of mining actually being currently done, any ROI per token will be minimal.

As I pointed out in a previous post (not deleted yet), there is also the question of the 20% operating cost allocation.
Whilst miners that consume more than 20% of their output in operating costs (like the S9's do now and will probably continue to do so) are being used, it must be asked, "Where is the extra money coming from to pay the bills, from what account?"
There are three possible options:
1)From the 20% re-investment allocation
2)From the 50% profit distribution
3)From the Ice Rock 10% retention

If they choose 1) or 2), then they are effectively using (your) previous invested money to pay (you) dividends, which is a classic definition of a P*nzi Scheme.

[bitcointrader56]

Hi admin. Token from bounty program are been distributed. I have 0 token on my ether wallet after introduce ROCK2 token. A few days ago I received information that they will be distributeson on friday. But after one week I have no token. Please. Let me know something about that. Thanks for support.

[SKRAAA]

Hi admin. Token from bounty program are been distributed. I have 0 token on my ether wallet after introduce ROCK2 token. A few days ago I received information that they will be distributeson on friday. But after one week I have no token. Please. Let me know something about that. Thanks for support.

They delayed bounty distribution. It should be today or tomorrow.
My quote from bounty thread:

In today's live Q&A there was short moment dedicated to bounty distribution. Dias said that they will pay bounties till middle of next week. So June 27, 28. And he said that there are a lot people who participated in bounty and they are paying one by one so it takes time. Be patient.
Here at 16:26 https://youtu.be/EDcd26xMLPQ?t=16m26s