If you are searching for some alternatives to actually very unprofitable normal cloudminers, you may have a look at Ice Rock Mining. This company is offering a new business model by launching an ICO to scale up their existing project and offers some of the mining-shares to the customers. They did already an ICO ROCK1 and it was a success, so they started a second ICO called ROCK2.
As many cloudminers came out as scam, Ice Rock Mining shows its miners. There are several videos about Ice Rock, where you can see the team and the equipment. This ICO seems to be very promising and you can buy their tokens (ROCK2) right now.
About Ice Rock MiningIce Rock Mining is located in Kazakhstan and places all the miners in a cave, a former soviet bunker in a mountain. Here are the advantages of this special location:
- The CEO Malik Murzashev has bought this cave system and now he is the owner. As a result
Ice Rock Mining does not have to pay rent for using the cave. The location is about 100 km north of Almaty.
- It’s very cool inside the cave, having a
constant temperature of only 10 to 12°C. It’s possible to
save a lot of power for expensive cooling costs.
- The
electricity price of 3 cents per kWh is one of the lowest that can currently be offered, which also keeps the mining costs very low.
- It’s a
large scaling project, in the cave you can place over 10.000 Antminers.
Sharing of mining revenues:Ice Rock mines only Bitcoin, but that means, if Bitcoin becomes not profitable anymore (what is very unlikely) they can switch to other SHA-256 coins. Profits from Bitcoin-mining are split by Ice Rock Mining very transparent, to guarantee the profits for investors and the existence of the company:
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50% payouts to ROCK2 token owners
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20% reinvestment to buy new mining equipment and scale up the company
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20% costs for operation, maintenance and repair
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10% Ice Rock Mining Management
How much profits can be estimated? It’s very difficult to predict the profits; mining will start in early July. Ice Rock has done some calculations in early January, you find them at their website. By calculating with a difficulty and a price from January ($ 13.500 per BTC), the profits are up to 400% per year, like it is shown in the calculator.
If you look at BTC and the mining-difficulty now, maybe profits are between 150% and 200% percent per year, that is still very good. Ice Rock has a contract with Bitmain to purchase the new Antminers S11, which will be a main advantage, too.
And by reinvesting 20% of the profits it will increase the hashrate of the entire farm.
Sharing of the funds from ICO:The ICO is running since late January and actually are almost 2/3 of the ICO sold out (8,5 MIO $ collected) – good numbers, when you look at other ICOs.
So, the softcap for this project has already been reached, the hardcap is 13,500,000 USD. The collected money should be used as follows:
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87% Equipment
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5% Marketing
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5% Team
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3% ICO-Bounty
Can I still invest?Yes. The ICO is already running, Ice Rock offers its tokens (called ROCK2) for sale. 1 ROCK2 is $1, but currently there are still discounts.
The ROCK2 tokens are used for the "Smart Contract" developed by Ice Rock Mining to detect how many ROCK2 tokens are located at which ETH address and then automatically the monthly profits are sent to those addresses, depending on how many ROCK2 tokens you are holding on this wallet. The mining revenues are paid in Ethereum.
The team is very transparent, showing its investors everything, you find lots of videos and pictures on YouTube. The CEO, Malik Murzashev runs one of the biggest apple-stores in Kazakhstan, apples.kz and has a long experience in cryptomining.
On their YouTube channel or at their website, you can see, they have already over 100 Antminer S9 in the cave, so there are already experiences of profitability.
Ice Rock Mining is not cloudmining, it's profit-sharingThe biggest advantage of Ice Rock is their profit-sharing model: It’s not cloudmining, where you buy contracts with fixes hashrates, at Ice Rock you get ROCK2 tokens. By holding them, you’ll automatically receive mining-profits. These tokens you can sell later again, and you participate in mining as long as you own them.
You do not buy a contract, like at normal cloud mining, but a token that gets steady profits and owns a value. With normal Cloudmining you received at the end of the contract no equivalent value, only the mining revenues. ROCK2 is like a mining contract, you could sell later.
In addition, if you don’t sell, you’ll be paid as long as mining is still profitable. So it’s likely the price each ROCK2 token could get very high, because no one will sell his tokens.
Team: FoundersCEO: Malik Murzashev: owner of the location, has 10 years of experience in IT (biggest apple-store is Kazakstan), 5 years experience in mining and blockchain, owner of the company and the cave
ICO-Manager: Dias Kurmanov: ICO / PR-Manager of Ice Rock Mining, experience in blockchain, marketing and sales
Technical director: Mikhail Pluzhnikov: Founder of the mining-farming, 3 years experience in development and blockchain projects
MembersRuslan Murzashev, legal advisor
Ilzat Mamutov, Blockchain specialist
Artem Kazanin, IT specialist
Gurpreet Singh, digital marketing
Rakesh Shalli, digital marketing
Neha Dadwal, marketer
Vadim Suleimanov, PR manager
And some more support members
ICO data:Price per ROCK2: 1 USD
Softcap: none
Hardcap: 13.500.000 USD
Max. supply: 20.000.000 ROCK2
KYC / Whitelist: none
ICO ends: 25 May 2018
MilestonesJanuary 2018 Start ICO ROCK2
May, 25 2018 ICO end
June, 10 2018 ROCK2 listing at exchanges
July, 10 2018 start Mining
July, 29 2018 first payouts
Summary:Ice Rock Mining has very low costs for their operations, what is necessary for offering high profits. The business model is quite different from established cloudminers, because IRM offers a profit sharing. You’ll receive mining shares by holding ROCK2 tokens. This offers great potential to replace large mining companies, as both the cost factors in the highly competitive mining business and the idea of using tokens instead of a limited contract make Ice Rock much more attractive, as normal cloudminers. These advantages are good reasons that Ice Rock Mining can be better than big mining companies.
For established cloudmining-companies, offering only a contract, but no tokens, it is very likely for them, to lose some customers when the new system is getting more famous. The mining tokens will be very popular, which can also be seen in a rising of price.
Disclaimer: This review is not an investment recommendation, it’s only my view at the project.
Investments in ICOs are high risk investments. So you should be aware of the risks, and only invest what you are afford to loose. I recommend anyone to do your own research before investing in an ICO.
If you are interested in this project, you’ll find some more informations here:
WebsiteWhitepaperTelegramTwitterYouTubeMediumBitcointalk
