Hy my Steemians
I've been watching Ice Rock Mining's ICO for a while now and decided to invest there :)
Ice Rock Mining is about saving the cooling of the hardware due to the constant low temperature in the mountain (about 12 degrees).
This saves on expenses and the electricity they receive from a nearby hydroelectric power station costs only $ 0.03 per kWh, which is just as cheap as in China.
Thus, you can offer a good ROI, but the calculator on the side of which is still based on a bitcoin price at 13,500 and lower Difficulty, I had asked that in the mail. There it was 4 months ROI, now I estimate it to 7 to 8 months ROI (about 180 to 200 days) which I still think is very good, especially when the price goes up again.
Had previously asked a few other questions by e-mail, so I've still waited until the site is all serious and I wrote down the investment amounts of the last few weeks to see how high the demand is:
30.01.2018 $ 318,000
31.01.2018 $ 408,000
02.02.2018 $ 430,000
05.02.2018 $ 490,000
07.02.2018 $ 570,000
08.02.2018 $ 632,000
The plant is located in Kazakhstan near Almaty and is a former Soviet bunker, which the team apparently has bought from the Kazakh government.
What I also like about the ICO is the transparency of the project, because many videos are shot about the layout of the system.
Furthermore, they put various documents (eg the power contract with the hydroelectric power plant) on their website, which is very much missed by many current providers.
Then you also know that something is really happening there and there are not just announcements that you have to trust.
If you also want to invest, I would be glad if you use my Reflink :)
https://icerockmining.io?stcref=25b373e2-a462-46f9-8760-3ce601c217b8
Of course, again, there is no guarantee of profit, even if I see the chance of profit as very good. So this should not be investment advice, just a presentation of the ICO.
At a bitcoin price of $ 2,000 or $ 3,000, it would not be worth it, but I think the low cost of Ice Rock will require a number of other providers to shut down their miners.
With increasing difficulty anyway only the most effective miners will stay over, which I also see as an opportunity for this project.
The address that you want to put in Ice Rock's "My Wallet" dashboard on your Ice Rock server to send the ROCK2 tokens to this address must be an ERC-20 compliant, such as MyEtherWallet with private key access.
Because there are your ROCK2 tokens sent. Please do not use an Exchange address for this deposit.
However, you can also pay your bills, which you regenerate with every purchase, from Exchanges, in short:
Deposited address in the dashboard: ERC-20 must be compatible with access to private keys (eg MEW)
Pay bills of individual purchases: all addresses possible
Due to the high demand, the transactions of the ROCK2 tokens currently take a long time, but they arrive. Transactions in ETH should last up to 72 hours, transactions in BTC up to 96 hours. This is due to pent-up transactions, similar to BTC earlier this year.
Due to this high demand, the ICO could already reach the hard-cap ($ 13,500,000) in pre-sale, and may even start mining earlier. The current launch is at the beginning of July 2018, so maybe that will be a little earlier.
The concept with the tokens is quite different compared to other providers (Genesis, Hashflare, CCG Mining, etc.). With the previous offerers there are no Token, but contracts with a certain Hashpower and contract term.
At Ice Rock, this works with the tokens: In the ICO, the start-up capital for the project is collected, of which hardware, equipment and marketing paid. For this, the participants in the ICO ROCK2 get tokens that make up a percentage of Ice Rock Mining.
When the ICO is completed and mining begins, the winnings are distributed as follows:
50% payout to the ROCK2 owner
20% reinvestment in new miners
20% repair, maintenance and operating costs
10% Ice Rock Management
The royalties on the profit are therefore rather high compared to established providers, but the contracts run as long as mining is worth so "lifetime". However, you can also see how Ice Rock finances itself in order to survive.
So you get, if you own ROCK2, at the end of each month a payout. The practical thing about it: even the tokens themselves have a value. You can easily sell them if you no longer want to participate in mining, such as Ethereum or other cryptocurrencies.
In my opinion, this is a decisive advantage over the current providers. For hashflare e.g. If you buy a contract that runs for 1 year. In this time, you have to earn a ROI to make a profit. With Ice Rock you are in the plus from the first day, because you also have the value of the tokens. These are on your own wallet. If the contract with Hashflare expires now, you only have the ROI, at Ice Rock you have the ROI and the value of the tokens (and it's not just limited to 1 year).
The prerequisites for an increase in the value of such tokens, which yield passive profits, I think are also promising.
However, the mining must work, in the past year many ICOs have been set in the sand. Investment in ICOs is therefore always a risk, consider that! Ice Rock already had an ICO at the end of 2017, hence the new ROCK2. This 1st ICO was successful, pictures and information are available, on page 2 of this article there is e.g. a picture of. These Antminer S9 were already installed in the mountain.
If you have any questions, they will be answered fairly quickly in the telegram group. Unfortunately, mails are currently taking a long time.
https://icerockmining.io?stcref=25b373e2-a462-46f9-8760-3ce601c217b8
Who knows what the future holds, but all in all an interesting project.
I have a good feeling of investing 5 Etherium today.
Have fun and nice greetings
