Topic: [ANN] 💰⛏ 💰⛏ 💰⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT - page 37. (Read 37119 times)

Hi Fudder.  Firstly this is not new "News" the same guy said the same thing in October 2017, but lawyers and financial experts have said it will not be possible to ban "Mining" as it is a persons choice to do so using their own electricity at their own private property. 

Reference - https://news.bitcoin.com/national-bank-of-kazakhstan-restrict-exchange-mining-cryptocurrencies/


Further to that, the same guy in that very article says "I do not even understand what Bitcoin is" so like most, he fears what he does not understand and is only looking at things from a finance orientated centralized banking point of view. 

So in order to "Ban" mining, first it would need to pass legislation, which it has not.  And I cannot find anywhere where a bill has even been submitted.  So all you are basing your fear on is one persons view. 

And if you visit the website of the Central Bank there are no press releases about this - Link  http://www.nationalbank.kz/?docid=527&switch=english

Every second news article, especially by Fud Desk is about banning Bitcoin, if you keep believing what mainstream media tells you then Crypto is not for you.

Now go back to Hashflare or Genesis Mining and report this reply to your leaders.   

Any proof on that?
If mining will be prohibited in kazakhstan what will happen to your project?

I am a potential investor, not a competitor. Just wanna have the things clear.

More likely that we will just Buy one.

It is planned for the next phases, Thanks to God we are planning 3rd, 4th and 5th Phases. Step by step.

It's good that you have access to cheap electricity that will reduce costs for the process of mining the cryptocurrency and will also help increase the competitiveness in the mining market. I heard that your ICE ROCK MINING project is planning to build its own electrical power station, is this true?

PS:  I strongly recommend you to read White Paper, then watch our Youtube Channel, then join our Chat in the telegram. (all the links on the website icerockmining.io)

1. BTC.
2. Yes, $0.03 per KWH
3. No.

What cryptocurrency are you planning to mining on your farm? Do you have a source of cheap electricity to make the mining process cheap? Can users of your platform connect to the solo mining on your platform? Will the token holders receive dividends from your ROCK MINING project?

Yeah, competitors feel nerves about our project ))))


We are good! No problem with this FUD, gov is very positive.

Wow what a surprise two FUD posts in a row from to brand new accounts.

Hi Genesis or Hi Hashflare, which one should we wave to?   

Its not. Central banks are purposly not part of goverments.

Not interested in FUD either. But in my understanding they are in government legislation.
https://en.wikipedia.org/wiki/National_Bank_of_Kazakhstan

The national bank, isn't the government. That is just their opinion, which like all national banks, they try to present as a governmental statement.

Hi there, the recent news sound not very good. Can you tell when you are able to comment on them?

https://sputniknews.com/asia/201803301063085023-kazakhstan-digital-currency-mining-ban/

Guys, what are your plans on this issue?

Kazakhstan will prohibit cryptocurrency trading and mining

https://blockchaininvest.io/kazakhstan-will-prohibit-cryptocurrency-trading-and-mining/

I know what I am talking about, I was wondering if you did. You have just answered my question.

You are asking how we got 10-15$ per day in the deepest deep of BTC Price.


Open What to Mine and make the calculation.

but don't look at single day price and profitability of sha-256 mining.

We are not Cloud Mining company.

If you don't trust that our business model will be profitable, just don't invest, I don't push you to invest.


several days before when the BTC was higher - it was bringing 10$ in a day.


We don't spend much on electricity and we don't have a rental fee, and we don't spend on cooling.


Look and last 2 years ROI of BTC mining.

You have a Legendary status but asking basic questions like a newbie.

Don't you know that if you MINE BTC and HOLD it you will get extra large ROI?

I don't want investment advice from you, or guesses from you that Bitmain may or may not be producing a new miner.

You said yesterday


Explain how you get that figure.
You are the representative of a Cloud mining company asking for investment. If you make a claim about how much money you are making, then it should be correct.

I ask again

Hello!


1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?

- All this info will be officially published when we will start mining. And all these spendings will be on IRM side, sitting in the 20% of maintenance fees.We have no rent. But please be sure, in Kazakhstan salaries usually 5 times less than in Europe or USA.

1.2) What taxes (e.g. income tax) and at what rates will be paid?

For now, we don't pay any taxes, because crypto and mining are not regulated in our country, and the second reason is due to our corporate structure. Head company is registered in Nothern Ireland. TAx-free for Kazakhstan. You will be able to watch all the documents in Data Room section on our website.

1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?

Are you really asking this question? You think that salary of 10 people will get all the profit? We will make official reports.

2) You plan to build data center in Kazakhstan

Sir, we have a cave. In our property. Please read our white paper first. No rent. No building centres and facilities.

2.1) What is legal status of cryptocurrency mining in Kazakhstan? Is it allowed? What taxes are applicable?

Answered.


2.2) Which company produces electricity in your region? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?

Please check Data Room. We have everything there. All the agreements.

2.3) You state that the price of electricity is USD 0.03 per KW/h. Please provide support for this price. Is it stated in the contract?

Answered.

2.4) What happens if you raise all $23 mln on ICO? Will there be sufficient electricity power and area to build such data center?

Impossible. The hard cap is $13.5 mln.

3) You plan to buy Antminer S9

If new miner will not appear, yes

3.1) Do you have contract or an agreement of intent with Bitmain? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?

Yes we have. Data Room.

4) You plan to list tokens on exchange in June

Yes. Please check the road map at our website. And in White Paper

4.1) Do you have an agreement with any exchange?

For ROCK2 - still no. According to road map we will start negotiation not earlier than May.

4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?

There are plenty of different exchanges who deals with ERC20 tokens






Please, read the white paper and check the website before.

All of this questions are answered in FAQ, White Paper, Telegram Chat and Website.

It will save Time to you and to us.

Have a Good Day!

Thx for your time!

Hi guys!  

I am very interested in your ICO and have some questions answers to which are vital for my decision to invest.

I have read your Whitepaper very carefully but unfortunately couldn't find this information  

To be fair I asked similar questions in groups of other mining ICOs (don't think it is right thing to name them here since you are competitors)

1) Tokens give share in profits. So I need to know in details all info on the costs.

1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
1.2) What taxes (e.g. income tax) and at what rates will be paid?
1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?

2) You plan to build data center in Kazakhstan

2.1) What is legal status of cryptocurrency mining in Kazakhstan? Is it allowed? What taxes are applicable?
2.2) Which company produces electricity in your region? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
2.3) You state that the price of electricity is USD 0.03 per KW/h. Please provide support for this price. Is it stated in the contract?
2.4) What happens if you raise all $23 mln on ICO? Will there be sufficient electricity power and area to build such data center?

3) You plan to buy Antminer S9

3.1) Do you have contract or an agreement of intent with Bitmain? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?

4) You plan to list tokens on exchange in June

4.1) Do you have an agreement with any exchange?
4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?

Thx for your time!

Wish you good luck in raising all $23 mln!!  

BTC is even lower than was yesterday, so just HODL.

When price will be at its own place profitability will rise again.

We are looking forward to Bitmain. They are selling all miners with old chips.

So everybody started to buy S9 miners....    It was a sign that new one is coming and Bitmain preparing a place for it )_)))))   Smart guys!