Ice Rock Mining ICO Review, lifetime passive income from Bitcoin mining?

BattleZeo

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Quote from: cryptomunt on February 13, 2018, 02:59:31 PM

I have been analysing passive income ICO's lately to switch up my portfolio and earn an additional monthly/quarterly income. And Ice Rock Mining fits right into this category.

Ice Rock Mining, sounds interesting but what is it?
Ice Rock Mining is commercial bitcoin mining, inside of a mountain. That's right, a mountain. I know what you're thinking "yeah right". Well, they already have a running mining operation with 300 ASICS running as we speak. Proof? Check out their website, they have plenty of video's from the inside of the cave, including the operational mining operation.

What makes Ice Rock Mining better than it's competitors?
Ice Rock Mining has two unique features which enable them to reduce their costs substantially:

I have seen the video and their site. Very interesting project. Now mining is not really profitable at all, so best way for beginner is to mine with the equipments of farm. And this project can save a lot of electricity charge. Really interesting project.

Shunyo

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Bitcoin is too volatile which makes it difficult for any company's sole profitability to depend on it, it needs to be diversified to be secure.

g.m.tyshenk

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My new article on Ice Rock Mining (more marketing attempts by me)

https://icochat.wordpress.com/2018/04/17/ice-rock-mining-plans-for-an-impressive-future-with-next-generation-mining-rigs/

g.m.tyshenk

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I wrote another very good article and posted it on my blogging website

See here:

https://icochat.wordpress.com/2018/04/06/ice-rock-mining-responds-to-kazakhstans-central-bank-cryptocurrency-concerns/

Great to hear Ice rock has set up the first 100+ mining rigs with many more to come.

Can anyone predict what the price of Bitcoin and Ethereum will be in 2-5 years?

Maybe much higher. Even small amounts of dividend each month for the next 5 years from Ice Rock mining will end up being worth much more. Wouldn't that be a great surprise for everyone.... I am hoping!.

cryptomunt

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Quote from: leea-1334 on March 04, 2018, 11:30:07 AM

I know this is an arbitrary reason but I will come out and say it anyway. You know where I saw all the ads about Ice Rock Mining? On faucet sites, and usually on those ads that ALSO run ponzi schemes and HYIP ads. Like the Mellow ads network. Now I know this does not associate itself directly with all the scams but here is the other problem: passive income, lifetime? And from mining? These are all improbably, and therefore should be avoided. Sorry to be a downer, but there is no guarantee of life time income without work.

Have to fully agree with you on that part. Also the reason I stopped working on their Telegram admin team. They advertise lifetime but everyone knows you can't make such promises. But I've drawn my own conclusions and do believe it will be good passive income (probably lower than their calculator implies) for atleast a few years. With token price gradually increasing aswell it was an easy choice for me.

ahoenk

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well i saw the advertising about this ice rock mining. they have good concept they use cave for mining so the heat can be reduced and they did not need air conditioner for mining there. but how about the dust in the cave ? i really like the concept but i will look at it first if its work well i will buy some token to buy their service and mine in cave. any report what the result for mining in the cave ?

leea-1334

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Temporary forum vacation

I know this is an arbitrary reason but I will come out and say it anyway. You know where I saw all the ads about Ice Rock Mining? On faucet sites, and usually on those ads that ALSO run ponzi schemes and HYIP ads. Like the Mellow ads network. Now I know this does not associate itself directly with all the scams but here is the other problem: passive income, lifetime? And from mining? These are all improbably, and therefore should be avoided. Sorry to be a downer, but there is no guarantee of life time income without work.

MoonIsBlue

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Quote from: mikyadel on March 04, 2018, 04:58:49 AM

they did huge marketing campaign , you can see their ads everytime i watch a video on YouTube , i believe good project doesn't need that stuff , it can promote itself by its new technology or solve a real problem .

You need marketing no matter how innovative or whatever you are. Also I believe they're mining, not building new tech so your argument doesn't make any sense.
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I'm intersted so I will look into it.

cryptomunt

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Quote from: mikyadel on March 04, 2018, 04:58:49 AM

they did huge marketing campaign , you can see their ads everytime i watch a video on YouTube , i believe good project doesn't need that stuff , it can promote itself by its new technology or solve a real problem .

A sponsored ad on the google network isn't a huge marketing campaign. Everyone needs marketing, you could have the best product in the entire world but if nobody knows about it you will still fail.

IRM uses the newest technology, and solves a real problem (the high power costs for mining btc). So I believe your arguments are invalid.

mikyadel

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they did huge marketing campaign , you can see their ads everytime i watch a video on YouTube , i believe good project doesn't need that stuff , it can promote itself by its new technology or solve a real problem .

pyschologicalcloset

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Are there any mining projects like this that are actually operational and paying dividends? The only one I know of that is close is Envion, who is at least giving regular updates but won't start paying until July-ish. Are there any that have managed to get up and running as promised?

cryptomunt

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Quote from: disconnectme on February 26, 2018, 08:40:45 AM

There is no doubt there is money in mining if the figure quoted that Bitman made last year mining cryptocurrencies are anything to go by, which was projected to be $2 billion even quarter of that is very huge, but the concern I have is that most of these new companies will have hard time breaking the monopoly of Bitman in the space

Agreed. That's why cost-efficient mining is very interesting right now. And with a 25% cost reduction they will definetly have a good chance to compete with anyone at this point. Although it's impossible to predict what will truly happen.

disconnectme

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There is no doubt there is money in mining if the figure quoted that Bitman made last year mining cryptocurrencies are anything to go by, which was projected to be $2 billion even quarter of that is very huge, but the concern I have is that most of these new companies will have hard time breaking the monopoly of Bitman in the space

Sandra9

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I like how mining competition is pushing companies into increasing their production efficiency. It actually goes against all the FUD regarding cryptos harmful effects on the environment. Find me another asset that has this little footprint on the environment once being extracted. Please

tr704

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Blockdesk.io (Amir Ness, Yaniv Matalon, Liad Pasic, Samir Chandra) have secured a bulk mining agreement with Ice Rock management(ARE ROCK2 HOLDERS GETTING CHEATED?)

cryptomunt

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Quote from: bolawin on February 18, 2018, 11:52:19 PM

Better wait until it run properly, it will not generate money until it run in 6 month, better stack btc or other altcoin and buy later on the market (if they not scam).
Mining is more difficult now and to give a guarantee profit 400% is flag, also ethereum will move to pos so...

First payment is scheduled for may when ICO runs it entire length, although I believe they will reach hardcap way before they've planned to. So roadmap will be accelerated and payments will happen sooner. Ofcourse you can buy it on exchange after, although I'm pretty sure you will be paying a much higher price. Doesn't make any sense to sell these tokens right away, even before payments start.

The 400% profit isn't guaranteed, it's based on the best estimates the project could have made at the time they've started their ICO. Maybe not 400%, but I'm pretty sure this is going to pay out some very nice profits on a monthly basis.

bolawin

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buy bitcoin, hodl bitcoin

Better wait until it run properly, it will not generate money until it run in 6 month, better stack btc or other altcoin and buy later on the market (if they not scam).
Mining is more difficult now and to give a guarantee profit 400% is flag, also ethereum will move to pos so...

cryptomunt

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Quote from: ?? on ??

Quote from: damberg on February 13, 2018, 03:33:09 PM

Quote

Another big feature about the cave is that it is owned by Ice Rock Mining's CEO, Malik Murzashev.

If you want to mine Bitcoin in the US, you buy a rig in a shared datacenter. If you want to mine Bitcoin in Russia, you simply buy a mountain. Grin

Anyways, as an investor, I do not see long term investment potential in any venture associated with mining only. There is not enough added value.

A mountain in which they've built old soviet secret bunkers. This could easily pass as some kind of story you read to your kids lol.

Lol, yes it does! However feel free to ask any questions if you have them. I have done my due diligence and can answer pretty much everything that might concern you.

cryptomunt

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Quote from: Ciucas on February 13, 2018, 04:59:33 PM

I really like projects that offer passive income, and all these potential profits sound nice indeed.
Envion managed to gather 100 million $ from it's ICO, i wonder how much IRM will manage to gather.

Not as much as their hardcap is at +/- 13 million USD. That is all they need to fill up their cave with mining rigs, wouldn"t make much sense to ask for more money which can't be used anyway shortterm. Although I did read they own several pieces of land around the cave aswell so they do have the ability to expand if they want to.

Ciucas

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I really like projects that offer passive income, and all these potential profits sound nice indeed.
Envion managed to gather 100 million $ from it's ICO, i wonder how much IRM will manage to gather.

Topic: Ice Rock Mining ICO Review, lifetime passive income from Bitcoin mining? (Read 407 times)