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Author Topic: What do you guys think of ice rock mining  (Read 254 times)
nobtc4you
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March 27, 2018, 01:37:33 AM
 #1

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit
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March 27, 2018, 03:20:33 AM
 #2

Legit or not, I don't think cloud mining can be profitable. Though looking at ice rock mining's site, it's pretty sketchy in my opinion. Based on their site, for $1000 your monthly income would be:

Sure looks good in paper, but too good to be true in my opinion. I'd personally stay away from those kinds of sites, especially those ones with a promised amount of income.

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March 27, 2018, 06:44:03 AM
 #3

I don't have a clear information about ice rock mining, but from their project base their focus is upon cheap electricity availability along with good environmental condition that makes mining more efficient than the common way of mining. Along with the project they've started an ico. In my belief what they've initiated is successful than most other cloud based mining.

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March 27, 2018, 06:48:13 AM
 #4

IMHO (based on several years of experience), there are 2 types of cloudmining companies:
  • 1) Outright ponzi's or scams... It looks like about 99% of the cloudmining companies fall into this category
  • 2) Companies that sell 100% of their risk for a small cut of the profits

For me, neither options sounds appealing... Sure, if a company is a ponzi and you're an early investor, you'll ROI, but you'll be aiding in stealing funds from the late investors.
If you're certain a company is legit, and they're just selling 100% of their risk for a small cut of the profits, it *might* look like a good idear for somebody to invest, especially if they think the market is going to improve. In this case, it's an honest form of gambling... It's not for me, but whatever floats your boat... Just remember that if it was more profitable/stable for a company to mine with their hardware for themselfs, they would do this instead of selling cloudmining shares...
A cloudmining company is a commercial entity... They want to make money, as much as possible. If they're selling cloudmining contracts, this means that selling these contracts will give them better odds at making money than mining themselfs... So they're selling the risk of plummeting prices, failing hardware or rising difficulty to their investors for a small piece of the income... They'll always make sure they get their money, even if it means you lose your investment (that is: if the cloudmining company is withing the 1% honest cloudmining companies)

In this case, i'm not sure if icerockmining is legit to start with... An ICO is a red flag for me, as is the rather unrealistic profit calculation and the affiliate program they seem to run (i found links containing an affiliate code using google). I would dig into their whois information if i had some spare time...

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March 27, 2018, 07:27:08 AM
 #5

I would like to add that this 'cloud mining' service, just like the majority of the other shit holes, is using whois privacy to cover itself. http://whois.domaintools.com/icerockmining.io

I seriously can't wait for the moment each of these services is outlawed by default, unless they manage to register themselves within each jurisdiction they plan to operate in. Being 99% certain that the far majority of these empty services will refrain from doing that, we'll hopefully be seeing a massive decrease in the number of available 'coud mining' services. Even those who are actually operating a mining farm are somewhat running an illegal business, because you can't just offer products that more often than not fit in the category of securities, without registrations and licenses. That what Genesis Mining experienced very recently, will be something other services will be facing as well, and it will even be within the current year. Governments are catching up slowly but surely, people should think about that.

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March 27, 2018, 12:44:16 PM
 #6

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit
They had conducted an ICO this year (and I have seen members here wearing their signature), here https://bitcointalk.org/index.php?topic=2781356.0 they offer huge return and lifetime profit, they also said that they are mining inside a mountain with cool weather and cheap electricity but honestly it is hard to trust any kinds of cloud mining company today, because most are just good for one week or month then they will disappear taking all the money. If you really interested in this kind of investment programs, research first about it and find any unbiased review about them. But for me all of them are just the same, and I will avoid anything like this.
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March 27, 2018, 03:20:56 PM
 #7

They had conducted an ICO this year (and I have seen members here wearing their signature), here https://bitcointalk.org/index.php?topic=2781356.0 they offer huge return and lifetime profit, they also said that they are mining inside a mountain with cool weather and cheap electricity but honestly it is hard to trust any kinds of cloud mining company today, because most are just good for one week or month then they will disappear taking all the money. If you really interested in this kind of investment programs, research first about it and find any unbiased review about them. But for me all of them are just the same, and I will avoid anything like this.
Definitely a looming scam.

They claim to pay just $0.03 per KWH, where they also don't pay rent, because hey, no one owns mountains so it's free, right? Right? If that isn't enough, they even advertised to offer lifetime profitable contracts, what a circus show.

If people want to have a laugh, just watch their videos on YouTube. I just wonder how much they paid the local authority responsible for maintaining the tunnels in these mountains. Probably paid with shitty ICO tokens.

Scams need to attract people with insane promises and bonuses, where legit operations don't need to offer all this nonsense. I would say it will be going down within 12 months. It's impossible that this lasts longer than that.

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March 27, 2018, 04:30:59 PM
 #8

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit

They are using the many promotion channel such as Google and Youtube bro. I have seen their promo video on Youtube bro. It seems promising one they are maintaining their rig around 10 degree celsius buddy.

Since they are part of cloud mining platform we cannot able to say that they are 100 percent legit or not without any trusted user confirming about the project here in this forum. If there any user of Ice Rock mining write with them to find the information.

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March 27, 2018, 07:53:47 PM
 #9

Legit or not, I don't think cloud mining can be profitable. Though looking at ice rock mining's site, it's pretty sketchy in my opinion. Based on their site, for $1000 your monthly income would be:

Sure looks good in paper, but too good to be true in my opinion. I'd personally stay away from those kinds of sites, especially those ones with a promised amount of income.
On just seeing with those numbers then its really too good to be true for a 1k usd investment.This is just the same on those usual cloud mining and theres no way that they can offer such thing in a short period of time considering on the mining difficulty which is growing day by day and mining sooner or later would really decreased down potential profits.Its quiet sketchy that they do guaranty amounts which i would advise to on joining up with your own discretion.


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March 27, 2018, 07:59:41 PM
 #10

There rates based on 1000$ looks really to good to be true o0
But the Ice Rock minig Concept is great they have fee buckers with very cold temperature inside and very low electristy costs..
I also maybee put in a samll amount witch i can lose its my gambling amount Cheesy



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March 28, 2018, 03:51:52 AM
 #11

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit
Anything with an "amazing roi" in this space is basically a big red flag. Good opportunities do exist, but not like anything this website is promising. Also, cloud mining in general lends itself to scamming because you pay a big up front cost to get little returns every day, usually taking several months to even get back what you put in. By then they've already won.
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March 28, 2018, 07:56:14 AM
 #12

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit

They promise 367% ROI per year which pretty much speaks for itself.

They are just promising way too much, and the background story seems to be way too weak to support the promises that they make. One of their team members, Mikhail Pluzhnikov, literally only has experience at Ice Rock Mining, and nothing else.

I would also suggest you reading about this article: https://coinanalysis.io/ice-rock-mining/

That's some pretty in depth analysis about the other sites that the same person owns, and they do not look professional nor legit.

IMO it's just a huge scam with the back story of an investment in bitcoin mining. No way anyone is able to generate 300+% ROI for "lifetime". Nobody should invest in this site at all, it's most likely a well thought out con.

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March 28, 2018, 08:48:38 AM
 #13

They are using the many promotion channel such as Google and Youtube bro. I have seen their promo video on Youtube bro.
I've seen a video while watching some replays of my favorite show on youtube. It popped out on my screen so I noticed it. I don't know if that is a legit or not, they have showed their "Ice Rock" place where their mining rigs are put on that cave. Whatever they are offering if it's a cloud mining I will just stay away from any of them.
they promise an amazing roi, do you belive its legit
It's too good to be true, just as others said. ICO + cloud mining.

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March 28, 2018, 07:39:19 PM
 #14

They are using the many promotion channel such as Google and Youtube bro. I have seen their promo video on Youtube bro.
I've seen a video while watching some replays of my favorite show on youtube. It popped out on my screen so I noticed it. I don't know if that is a legit or not, they have showed their "Ice Rock" place where their mining rigs are put on that cave. Whatever they are offering if it's a cloud mining I will just stay away from any of them.
they promise an amazing roi, do you belive its legit
It's too good to be true, just as others said. ICO + cloud mining.
I have seen such video and i would say the place would really be entirely cool but i would doubt if they do already think off on how to avoid such moisture into their miners? Too much cold would really give negative impacts too.I have remembered before that they are making some ICO due to these kind of project where they do create cloud mining and been wondering where they do get those good rates? Clues anyone?

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March 28, 2018, 08:22:01 PM
 #15

What do you guys think of ice rock mining, they promise an amazing roi, do you belive its legit
There is no cloud mining that is legit and  you have to join them at a right time in other not to be a victim of scam. Cloud mining is an advanced ponzi scheme and investing in it is very risky but though give good profits. Many investors invest into cloud mining because they what to make good return before everything turns red.

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March 28, 2018, 08:48:48 PM
 #16

That was a question I have asked myself around a month ago and thereby did a research about Ice Rock Mining.
The director of the project has ties other companies besides Ice Rock Mining. I am pretty sure it is three companies linked to him.
Another point is the ICO in general. Currently, they are running the second fundraising for "Mining" in the rock. Most notably, anything considered to the first fundraising, such as proven payments or customers, was not findable neither here or on another site.
Perhaps the customers did not receive any payment because according to their roadmap, it says that their mining farm will be started in the midst of the year.

In my conclusion, I would decline the project because they are not transparent and their returns are unsustainable.

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March 28, 2018, 11:15:23 PM
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There is no cloud mining that is legit and  you have to join them at a right time in other not to be a victim of scam. Cloud mining is an advanced ponzi scheme and investing in it is very risky but though give good profits. Many investors invest into cloud mining because they what to make good return before everything turns red.

There are actually legit cloud mining services, which in this case means that they for every cloud contract they have sold, and still have in stock, have actual hardware running representing that total network power. That's a legit cloud mining service. Profitability aspect is a different story, which mostly everyone here knows, sucks big time. Other than that, I completely agree with the general context of your post. It's nothing more than a well set up scheme that is far more profitable for the service than for the people buying these contracts. They also have the advantage over people in the way that they can increase their maintenance fees at any time if they feel it's needed. It's a losing game. Even in case contracts turn out to be profitable, the service will make sure you don't get the benefit of that.
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March 29, 2018, 12:45:45 AM
 #18

Based on their video about their rig, looks like they're legit. But, cloud mining is based on difficulty and bitcoin price and same as another cloud mining like hashflare if they're charge maintenance fee and not offering lifetime contract. Then it wont profitable.
Their video https://www.youtube.com/watch?v=-qRp4wERAoY

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March 29, 2018, 01:32:29 AM
 #19

Legit or not, I don't think cloud mining can be profitable. Though looking at ice rock mining's site, it's pretty sketchy in my opinion. Based on their site, for $1000 your monthly income would be:

Sure looks good in paper, but too good to be true in my opinion. I'd personally stay away from those kinds of sites, especially those ones with a promised amount of income.
Ice rock mining is legit i think what is on the picture are the maximum possible incomes you can get every month. I think that was the best income they could have given. Not.sure though this is just my opinion on their services and the $1000 income? That is too good to be true i guess too.

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March 29, 2018, 03:13:37 AM
 #20

IMHO (based on several years of experience), there are 2 types of cloudmining companies:
  • 1) Outright ponzi's or scams... It looks like about 99% of the cloudmining companies fall into this category
  • 2) Companies that sell 100% of their risk for a small cut of the profits

For me, neither options sounds appealing... Sure, if a company is a ponzi and you're an early investor, you'll ROI, but you'll be aiding in stealing funds from the late investors.
If you're certain a company is legit, and they're just selling 100% of their risk for a small cut of the profits, it *might* look like a good idear for somebody to invest, especially if they think the market is going to improve. In this case, it's an honest form of gambling... It's not for me, but whatever floats your boat... Just remember that if it was more profitable/stable for a company to mine with their hardware for themselfs, they would do this instead of selling cloudmining shares...
A cloudmining company is a commercial entity... They want to make money, as much as possible. If they're selling cloudmining contracts, this means that selling these contracts will give them better odds at making money than mining themselfs... So they're selling the risk of plummeting prices, failing hardware or rising difficulty to their investors for a small piece of the income... They'll always make sure they get their money, even if it means you lose your investment (that is: if the cloudmining company is withing the 1% honest cloudmining companies)

In this case, i'm not sure if icerockmining is legit to start with... An ICO is a red flag for me, as is the rather unrealistic profit calculation and the affiliate program they seem to run (i found links containing an affiliate code using google). I would dig into their whois information if i had some spare time...

What he said.

Miners who sell contracts or any form of direct investment for their mining farms is a form of hedging their risks by passing them to you, the buyer. They are already assured of profit, while you would have to depend on the mining operation and hope you make ROI.

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