It's on their news channel, you have to sign up for telegram first though
https://web.telegram.org/#/im?p=@Ice_Rock_News
Here is a google doc of it (hosted by me not them) https://docs.google.com/document/d/1skMWTm2Zs3IPBnPa2M-gCfTgKlU7C7-wTdbkSv7I3EU/edit?usp=sharing You probably shouldn't trust anything not sent by them though
Topic: [ANN] 💰⛏ 💰⛏ 💰⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT - page 11. (Read 37118 times)
How do you convert Rock2pay to ETH?
Check the IRM telegram, there was a document posted today that explains the process.
I find the idea of using natural resources to cut costs and create development fascinating. However, I wonder how you can guarantee a return to both investors and miners in a market with occasionally downward trends.
How do you convert Rock2pay to ETH?
Check the IRM telegram, there was a document posted today that explains the process.
There seems to be a pretty big lack of critical thought here. You people are forgetting a few things:
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
What was the profit per token?
There seems to be a pretty big lack of critical thought here. You people are forgetting a few things:
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
What was the profit per token?
There seems to be a pretty big lack of critical thought here. You people are forgetting a few things:
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.
2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam
3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.
4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.
I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!
what a ridiculous payment 
? this is not what they promised (((
? this is not what they promised (((
everyone in the world knows that something like this doesn't work. it's utopia what the team has written. but the people have invested because they want to make a big profit. but if you promise a big profit... you always have to be very careful . no one in the world gives money away 
First payout is due tomorrow guys.
Token price is rising to all time highs.
Token price is rising to all time highs.
Then sell you fools, SELL!
Sell they should indeed.
So now IRM investors are angry and rightfully so that on their payment day instead of receiving ETH as promised.
They are being paid ROCK2PAY tokens (LOL) Which they then have to convert to ETH.
This has confused many people and is also another lie which was told by IRM in their advertising and whitepaper.
And to make matters worse, many of the investors are shocked at the payout amounts they are getting.
And if you dare to speak negatively about IRM they will ban you in an instant, one guy invested 30K and received $50 as his first payment. Given it will take them a few weeks to receive and install the next 1500 Asics he can expect a $150 per month payment when that is completed.
Another a similar amount and was instantly banned when he complained about the payout amount.
So for every $1000 Dollars invested you are currently receiving around $1.85 per MONTH!!!
What a fucken huge SCAM IRM is. They are also pumping up the price themselves using either ICO money or money from their previous ETH mining operations. So to any of you still invested in this mess I would take advantage of the fact they are pumping the token price and buying tokens and sell it back to them.
With IRM a small loss is a big profit.
There is a guy in their telegram who is a paid shill either that or the biggest ass kisser known to man named Peter K.
He even reports people who speaks negatively about IRM. LOL. So glad I got out of this huge scam.
My advise to current holders, sell now for a profit if you can, things are going to get much worse before they get better, if "Better" actually ever happens.
Sell and gtfo out of this scam.
So to summarize, things IRM have done or said that are not right or outright lies.
1. They based their repayment calculator to suck people in on a figure that was more than double the current BTC price (I was one of those sucked in but got out in time)
2. They have lied about the payment methods and said the contract will pay you ETH. That is not the truth and now you get some fucken weird rock2pay token which you then have to try and cash out for ETH. (Another point, even if you invested $2000.00 most of your $3.50 payment is in GWEI fees. LOL
3. They are a dictatorship on Telegram and anyone who dares to even question something is banned. They have had to un-ban many people after others have said hey he was joking or it was only a question etc. But overall they do not give a shit about investors.
4. Dias thinks he is a winner, he will be remembered as being a Conman who duped many investors. He also likes to brag that he is over 6 foot and can fight.
First payout is due tomorrow guys.
Token price is rising to all time highs.
Token price is rising to all time highs.
Then sell you fools, SELL!
First payout is due tomorrow guys.
Token price is rising to all time highs.
Token price is rising to all time highs.
Calidude, your maths is a bit wrong. You said it costs $1200 for 1000 rock2. It only costs $325.
Okay my bad. If anyone is interested here is my Rock2 profit calculator that I made. https://docs.google.com/spreadsheets/d/1sK-JYICeL34HnVKGDic1l6Meeu3ombLwRrh-ro3l038/edit?usp=sharing (create a copy to edit it)
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund
)
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund
)So if that is based on 500 ASICS running that means if someone invested, to make it a round figure $10,000.00 right now it they would get 31,250 ROCK2 which would see them receive a payment of roughly $31.25 each month this next couple of months.
Then assuming they put the other (when they actually order them) 1500 ASICS online that return will increase 3x so they would receive at a maximum $93.75 per month.
That is a total of 2000 ASICS right. So times that by 5 to bring it up to 10 thousand ASICS assuming they can actually get that many purchased delivered and set up in the next 6 months that still gives you a return of $468.75 per month.
So at that rate, not taking into account difficulty adjustments or BTC price increases/decreases in 4 to 6 months you MIGHT receive Just under $500 per month. So minimum of 2 years to break even if at all and even then that does not take into account the difficulty and the halving in May 2020.
That is why I sold all of mine the chances of breaking even at all are next to zero. You will not get rich because the difficulty as we get closer to halving is just going to explode, and yes that will increase the price of BTC, but even if it does 3 fold from where it is today, why risk maybe seeing some return on your investment when with that same 10K you could buy just under 1.5 Bitcoins now?
Anyone who thinks they are going to "Moon" or get rich with IRM or ANY cloud mining service is kidding themselves. I was kidding myself for a while but woke up and sold up and now have an extra BTC in my stockpile and about 20 ETH left over, feels good knowing I got out before being duped, although I was for a while luckly I purchased some more ROCK then dumped it again when the price rose.
I believe they are using ICO money to inflate the price as no one would logically pay that price now as an investment it just does not make financial sense. Also you going to be paid in ETH so all of the mined BTC is going straight to them, they will be using ETH from ICO to pay investors no way would they be stupid enough to exchange the BTC they mine as they like all of us know by the time the halving is here it will be worth a fortune.
All this ICO has done is ensure that the creators become very rich and the investors will be left holding small bags of ETH.
You cannot trust Russians/Kazaks with cloud mining services because eventually they all say.......fuck you to the investors and that is what is going to happen here .
Sell up now while the price is higher and buy some BTC with it rather than risk it with these deceitful people.
You really need some longer term thinking and perspective here. IRM is essentially paying a dividend through mining if you hold their tokens. In the stock market a 4-5% dividend paid monthly is considered **very good**.
By your calculations initially each token will give 1.16 cents and it will increase when more ASIC miners are added, to 4-5 cents per token. EVERY MONTH. This is very solid and on par with good stocks that pay dividends.
There is the added bonus of being paid in Cryptos (ETH) too which are depressed right now (BTC is down 80% of its value since Jan 2018) but if the overall market caps increase so will the overall mining dividends you hold paid in ETH.
If your goal was to see a complete return on your investment in a short time then you are dreaming and will be disappointed with all crypto mining companies (none can or have ever guaranteed this!). I did not see it mentioned anywhere by IRM or in their white paper that this was ever a stated goal to return huge payouts from the first months of operation.
It would be good for everyone to re-adjust their thinking and to be more realistic! IRM is a long term crypto hold.
Another portion of hate...
Why wouldnt you belive in these people, they trying to be one of the biggest mining company.
Regarding calculating profits - you have to remember that they let the investors to decide how many
miners to buy in the begining - thats why for now only 2000 pcs. Later on we will have asics on the
market which can mine 40 TH/s and more which will cover difficulty rise..
Why wouldnt you belive in these people, they trying to be one of the biggest mining company.
Regarding calculating profits - you have to remember that they let the investors to decide how many
miners to buy in the begining - thats why for now only 2000 pcs. Later on we will have asics on the
market which can mine 40 TH/s and more which will cover difficulty rise..
Calidude, your maths is a bit wrong. You said it costs $1200 for 1000 rock2. It only costs $325.
Okay my bad. If anyone is interested here is my Rock2 profit calculator that I made. https://docs.google.com/spreadsheets/d/1sK-JYICeL34HnVKGDic1l6Meeu3ombLwRrh-ro3l038/edit?usp=sharing (create a copy to edit it)
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund )
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund
)So if that is based on 500 ASICS running that means if someone invested, to make it a round figure $10,000.00 right now it they would get 31,250 ROCK2 which would see them receive a payment of roughly $31.25 each month this next couple of months.
Then assuming they put the other (when they actually order them) 1500 ASICS online that return will increase 3x so they would receive at a maximum $93.75 per month.
That is a total of 2000 ASICS right. So times that by 5 to bring it up to 10 thousand ASICS assuming they can actually get that many purchased delivered and set up in the next 6 months that still gives you a return of $468.75 per month.
So at that rate, not taking into account difficulty adjustments or BTC price increases/decreases in 4 to 6 months you MIGHT receive Just under $500 per month. So minimum of 2 years to break even if at all and even then that does not take into account the difficulty and the halving in May 2020.
That is why I sold all of mine the chances of breaking even at all are next to zero. You will not get rich because the difficulty as we get closer to halving is just going to explode, and yes that will increase the price of BTC, but even if it does 3 fold from where it is today, why risk maybe seeing some return on your investment when with that same 10K you could buy just under 1.5 Bitcoins now?
Anyone who thinks they are going to "Moon" or get rich with IRM or ANY cloud mining service is kidding themselves. I was kidding myself for a while but woke up and sold up and now have an extra BTC in my stockpile and about 20 ETH left over, feels good knowing I got out before being duped, although I was for a while luckly I purchased some more ROCK then dumped it again when the price rose.
I believe they are using ICO money to inflate the price as no one would logically pay that price now as an investment it just does not make financial sense. Also you going to be paid in ETH so all of the mined BTC is going straight to them, they will be using ETH from ICO to pay investors no way would they be stupid enough to exchange the BTC they mine as they like all of us know by the time the halving is here it will be worth a fortune.
All this ICO has done is ensure that the creators become very rich and the investors will be left holding small bags of ETH.
You cannot trust Russians/Kazaks with cloud mining services because eventually they all say.......fuck you to the investors and that is what is going to happen here .
Sell up now while the price is higher and buy some BTC with it rather than risk it with these deceitful people.
Hello everybody, really funny comments here. Somebody will be laughing soon either investors or haters..
But calling this project scam is really stupid because ICM team could escape with the money long time ago
instead of working in the cave
The problem is these guys overestimated beginning of the business and promised to much, but with the time when bitcoin
price goes up and we have 10000 miners in the cave I am sure returns will be nice.
Regards for all haters)
You, as children, believe fake video. How can electronic equipment work in a cave where there is a lot of dust or water? But calling this project scam is really stupid because ICM team could escape with the money long time ago
instead of working in the cave
The problem is these guys overestimated beginning of the business and promised to much, but with the time when bitcoin
price goes up and we have 10000 miners in the cave I am sure returns will be nice.
Regards for all haters
)
If anyone is interested here is my Rock2 profit calculator that I made. https://docs.google.com/spreadsheets/d/1sK-JYICeL34HnVKGDic1l6Meeu3ombLwRrh-ro3l038/edit?usp=sharing (create a copy to edit it)
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund )
For the first payment of miners running for 22 days it should be around $0.00116 per token or $1.16 per 1000 tokens (hopefully it's not more than this or it means they are dipping into the ICO fund
)
Calidude, your maths is a bit wrong. You said it costs $1200 for 1000 rock2. It only costs $325.
But you're right that the ROI will be low initially. They will gradually increase the number of miners. Remember payouts will continue for at least a few years. Anything can happen to BTC price in that time, especially if ETF happens.
But you're right that the ROI will be low initially. They will gradually increase the number of miners. Remember payouts will continue for at least a few years. Anything can happen to BTC price in that time, especially if ETF happens.
Hello everybody, really funny comments here. Somebody will be laughing soon either investors or haters..
But calling this project scam is really stupid because ICM team could escape with the money long time ago
instead of working in the cave
The problem is these guys overestimated beginning of the business and promised to much, but with the time when bitcoin
price goes up and we have 10000 miners in the cave I am sure returns will be nice.
Regards for all haters)
But calling this project scam is really stupid because ICM team could escape with the money long time ago
instead of working in the cave
The problem is these guys overestimated beginning of the business and promised to much, but with the time when bitcoin
price goes up and we have 10000 miners in the cave I am sure returns will be nice.
Regards for all haters
)
you idiots were told it's a fucking scam from DAY 1.
You only have yourselves to blame.
You only have yourselves to blame.
Jump to: