Topic: ICE ROCK MINING - SCAM!!! - page 2. (Read 19683 times)
Here's how my math comes out you have 2000 miners (not yet but soon) each making 2.24 a day = 4480 usd a day your power costs are 0.7758 per miner per day so x2k = 1551.6 so that's 33.7 % gone just on power that leaves you with 2928.4 .
So lets assume that you manage to install all of them this time and get your average of 13.5 th and you keep them running for awhole month . so 30x 2928.4 = 87852 seems like a decent amount now lets see how that looks for someone that bought your token in ICO @ what 1usd value ?
87852 devided over 15.7 million tokens that gives me the whopping return of 0.0055956687898089 usd per token per month so it will take almost 200 months to get my money back at this rate you think that's a good deal ? or am I a "hater" because I can do math ?
But that would only happen if they paid out all of that but they dont Team gets 10% remember so 13440 Usd right into the teams pocket then another 20 % for reinvestment so they dont have to pay that either they will just be "holding"it for you im sure they will get to the reinvestment part asap since they have been so quick with the first 10.000 miners they installed .. ow wait.
The power costs also dont include those great big fans they where showing off so god knows how much those things use and im sure the team paid for those out of their own pocket and didnt touch the ICO funds for those just like the remodel of that old building.
So lets assume that you manage to install all of them this time and get your average of 13.5 th and you keep them running for awhole month . so 30x 2928.4 = 87852 seems like a decent amount now lets see how that looks for someone that bought your token in ICO @ what 1usd value ?
87852 devided over 15.7 million tokens that gives me the whopping return of 0.0055956687898089 usd per token per month so it will take almost 200 months to get my money back at this rate you think that's a good deal ? or am I a "hater" because I can do math ?
But that would only happen if they paid out all of that but they dont Team gets 10% remember so 13440 Usd right into the teams pocket then another 20 % for reinvestment so they dont have to pay that either they will just be "holding"it for you im sure they will get to the reinvestment part asap since they have been so quick with the first 10.000 miners they installed .. ow wait.
The power costs also dont include those great big fans they where showing off so god knows how much those things use and im sure the team paid for those out of their own pocket and didnt touch the ICO funds for those just like the remodel of that old building.
Just like in the Subject mentioned, an admin of IRM in telegram awnsered to support my first rock2pay-token into ETH-conversion.
He also said that it is possible to switch the payout into ETH instead of Rock2Pay-tokens.
In this procedure i received some new Rock2-tokens and should send my "old" ones away.
Im a little bit sceptical and concerned if it doesnt work. And then my old working (payout in rock2pay) tokens are gone.
I am nobody who claims that IRM is a scam. But i am sceptical.
And because that my question in this forum:
- Has anyone already successfull experiences with this procedure?
- Or would someone advise me not to trade (ROCK2-Tokens(with rock2pay) into ROCK2-Tokens(with ETH-payout))?
Thx for your awnsers in advance.
(please no unfounded hatespeech against IRM, i know that payouts are low because they are not at full capacity and low crypto-prices)
Here is a telegram chat (users and dresses anonymized):
He also said that it is possible to switch the payout into ETH instead of Rock2Pay-tokens.
In this procedure i received some new Rock2-tokens and should send my "old" ones away.
Im a little bit sceptical and concerned if it doesnt work. And then my old working (payout in rock2pay) tokens are gone.
I am nobody who claims that IRM is a scam. But i am sceptical.
And because that my question in this forum:
- Has anyone already successfull experiences with this procedure?
- Or would someone advise me not to trade (ROCK2-Tokens(with rock2pay) into ROCK2-Tokens(with ETH-payout))?
Thx for your awnsers in advance.
(please no unfounded hatespeech against IRM, i know that payouts are low because they are not at full capacity and low crypto-prices)
Here is a telegram chat (users and dresses anonymized):
Code:
IRM-Admin:
Hello Michael
IRM-Admin:
Have you been able to make the conversion?
Customer (me):
Thx for asking. Unfortunitaly i forgot my password for the last step. I will Look for it in the office today
IRM-Admin:
Password for?
Customer (me):
Las step for verifying the Transaktion in MEW for unlocking the json-file
IRM-Admin:
Oh you are making use of a json file
IRM-Admin:
To save you the stress of that for coming months
IRM-Admin:
You can move to our eth payout rock2
IRM-Admin:
Instead of rock2pay
Customer (me):
How does it work?
IRM-Admin:
You will receive your monthly payout directly in eth
IRM-Admin:
Notify me when you get to your office and have access to your wallet
IRM-Admin:
Or do you have access to your tokens now
IRM-Admin:
So i can put you through now?
Customer (me):
No at the moment i dont have access
IRM-Admin:
Let me know when you do
IRM-Admin:
That will be when?
Customer (me):
im in the office now
IRM-Admin:
Ok
IRM-Admin:
I see you have been able to convert your rock2pay
IRM-Admin:
yes. converting the rock2pay into eth worked. first i got an error (out of gas) twice but it worked anyway at the second try
IRM-Admin:
Now lets setup your rock2 for eth payout instead of rock2pay
IRM-Admin:
Provide your eth address
Customer (me):
what do you need?
Customer (me):
0x0c40...229
is the adress where my ROCK2-Tokens are kept
IRM-Admin:
[In reply to Customer (me)]
Please confirm this is your eth address
IRM-Admin:
As i will forward the eth payout rock2 to it shortly
Customer (me):
Yes 0x0c40...229 is my ETH-Account. It is connected in the ICO-Account (my login e-mail is [email protected]).
So further payouts will be in ETH instead of Rock2Pay-Tokens?
IRM-Admin:
[In reply to Customer (me)]
Yes in eth
Customer (me):
thx a lot
IRM-Admin:
Let me know the moment you receive the rock2
IRM-Admin:
You should have them now
Customer (me):
ok here is a transaction 2 min ago:
https://etherscan.io/address/0x0c40...229#tokentxns
now i have 2 kinds of ROCK2-Tokens
IRM-Admin:
Yes
IRM-Admin:
You will be burning the old
IRM-Admin:
Which gives rock2pay payout
IRM-Admin:
Do you have your balance displayed on your wallet?
Customer (me):
i see this:
[ Screenshot of etherscan ]
Customer (me):
does the burnung happen automatically?
IRM-Admin:
Will work you through
IRM-Admin:
Go into your wallet
IRM-Admin:
Do you have your token balance displayed?
Customer (me):
it is 1071
IRM-Admin:
Click on it
IRM-Admin:
Depending on the wallet you are using sorry
IRM-Admin:
What wallet is it?
Customer (me):
mist-wallet. but im not so experienced.
just for understanding - is a token the same as a contract?
and at the current situation with both token-contracts would i recieve the payout twice (in ETH and rock2pay)?
IRM-Admin:
After the burning
IRM-Admin:
Just eth alone
IRM-Admin:
Provide screenshot so i can circle out what to do
Customer (me):
to be honest now i am a little bit frightend becaouse i dont know if the new tokens work properly. are there experiences? an if it doesnt work will i get support or get the old tokens back?
IRM-Admin:
[In reply to Customer (me)]
Tokens work
IRM-Admin:
And yes we are always here to answer your queries
IRM-Admin:
You have nothing to worry about
IRM-Admin:
And you can always switch back too
Customer (me):
ok
Customer (me):
i also can use MEW
IRM-Admin:
Ok if you are using mew
IRM-Admin:
Sending & Adding Tokens
Navigate to the "Send Ether & Tokens" page.
Unlock your wallet.
Enter the address you would like to send to in the "To Address:" field.
Enter the amount you would like to send.
Select which token you would like to send.
Click "Generate Transaction".
IRM-Admin:
A moment
IRM-Admin:
Will generate a burning address shortly
IRM-Admin:
0xB4D...87b
IRM-Admin:
Gas limit 250000
Customer (me):
question: when i send the tokens to an other adress, someone else gets the tokens and rewards?
IRM-Admin:
No,that automatically activates the other token
IRM-Admin:
So you will be getting your monthly payout in eth instead
Customer (me):
i have a bad feeling about this transaction right now
Customer (me):
are there discussions about this process where others prove that this works?
IRM-Admin:
Yes
IRM-Admin:
We have not less than 45 users presenting using our eth payout
IRM-Admin:
If you encounter any issue
IRM-Admin:
You can always call on us for guidance
Customer (me):
ok. have i understood it correctly: at the moment ONLY the tokens (paying out in rock2pay) work. When i send them to the adress 0xB4D...87b these will get burned and after that the other ROCK2 will start paying out in ETH?
IRM-Admin:
[In reply to Customer (me)]
Exactly
IRM-Admin:
Remember to set the gas limit as 250000
Customer (me):
ok. i will do this when i have reinsured
Customer (me):
thx for your effort
IRM-Admin:
You are welcome
IRM-Admin:
We will be having our snapshot shortly, the contract will be unable to decide the form of payment to disburse for November if you are holding both rock2 tokens
Customer (me):
well because of that i ased the question at 5 min ago. you awnsered "Exactly" - now ur awnser is diffrent. that unsettles me
IRM-Admin:
[In reply to Customer (me)]
You are required to burn immediately you receive the eth payout rock2
IRM-Admin:
If the tokens will payout eth? believe that was what you asked me
IRM-Admin:
And i replied "exactly"
IRM-Admin:
If it is not best for you. Won't suggest it
IRM-Admin:
And eventually we will be moving all users to it if btc continues to fall more
Customer (me):
first part of the question was: "at the moment ONLY the tokens (paying out in rock2pay) work".
Customer (me):
ok. i will reinsure quickly. and contact you again
IRM-Admin:
[In reply to Customer (me)]
Oh sorry...did not understand your question
Don't believe me?
Nope! I don't believe every baseless lie I hear somewhere...Oh, one last thing, I forgot, do you also see now that Dias is no longer removing posts from the ANN thread, ask yourself why?
The reason why is outlined above, they have achieved their scam perfectly and now they are just add the final touches, a video or 2 a month keeps anyone happy right?
You are still repeating the same shit over and over again and this just make it more ridiculous. Everyone can see the videos on YouTube and make his own (unbiased) opinion. IRM is 100% no scam, it's legit company. But go ahead and waste your time calling them a SCAM, everyone will see it: no SCAM. The reason why is outlined above, they have achieved their scam perfectly and now they are just add the final touches, a video or 2 a month keeps anyone happy right?
LOL
Best scam ever seen this one, because they are slow scamming.
Really? It was the most obvious scam I’d seen in a while. The fact aTriz who was partnered with Lauda at the time was involved in advertising it should have been a major clue.This is just another proof that no one should believe strangers on internet when they are acting naive.
Anyway, investors need to learn to avoid initial coin offering for "mining farms", unfortunately, new flaw of people into this space is what is filling fraudster pockets, probably because someone introduced them to crypto telling them bedtime stories. Also ignorance
you made negative rate for me, look at yourself, total RED alerts in your rate, LOL
LOOOOL guys.
Best scam ever seen this one, because they are slow scamming.
Really? It was the most obvious scam I’d seen in a while. The fact aTriz who was partnered with Lauda at the time was involved in advertising it should have been a major clue.This is just another proof that no one should believe strangers on internet when they are acting naive.
Anyway, investors need to learn to avoid initial coin offering for "mining farms", unfortunately, new flaw of people into this space is what is filling fraudster pockets, probably because someone introduced them to crypto telling them bedtime stories. Also ignorance
Best scam ever seen this one, because they are slow scamming.
Really? It was the most obvious scam I’d seen in a while. The fact aTriz who was partnered with Lauda at the time was involved in advertising it should have been a major clue.
Did anyone get paid today for their tokens and if so how much ?
They paid them today. A whopping $1.40 per 1000 tokens.
There are people dumping, which is what IRM want, then they will buy back their own tokens using ICO money and eventually there will be around a 80% IRM 20% actuall investor ratio.
Best scam ever seen this one, because they are slow scamming.
Their whole project has been a lie from the beginning.
Dias (posting as PeterK) is becoming unhinged on the chat and cannot help but speak like an admin even though he is pretending not to be.
As soon as anyone says anything remotely negative PeterK (Dias) is flagging admins and they all suck up to him, it is so obvious it is laughable.
You really should join their Telegram if you want a good laugh. They have about 3 or 4 main alt accounts that lick the IRM boots and any normal regular investors who ask something they instantly become suspicious.
It is a laugh actually, it is like Borat meets Crypto.
They are still paying out in their own shit token rather than ETH as promised in Whitepaper.
They have still not created a proper dashboard or displayed any outgoing costs or their total mined amount each month.
They are still not using the cave (They never intended to this was a scam from the beginning)
They refuse to answer questions about the "free" building they were given (LOL)
On a serious note apart from the obvious lies, any genuine investors out there ask yourself this, if they are really on the up and honest, why does Dias delete every post in the main forum?
Because he does not want you to know the truth.
Finally regarding their Telegram it has reached a pathetic state where anyone with a genuine question (That could be seen as negative) like for example "What if the power company takes back the free building?" or "What if xxx scenario happens?" they need to add at the end of the question a caveat saying something along the lines of "I trust and believe in IRM" or "IRM to the Moon" so they are not kicked or banned. It really is pathetic.
Dias before you delete this, little message for you - SCAMMERS GO TO HELL!!!
Did anyone get paid today for their tokens and if so how much ?
This is so true and am invested in them. Gosh.
I feel a bit like a hypocrite because I defended this project from the start..
No need to feel like that, I was in the same boat, although I realized a lot earlier what liars they are but still I am guilty of once defending them too. Does anyone invested in IRM actually look at the big picture and see what they are doing?
They are using fake accounts in their own Telegram to fake "interest" and "amazing returns" to investors.
Apart from the now obvious lies they told in their whitepaper and indeed their whole project is one big lie.
They never intended to use the cave. Got to give it to them they sucked a lot of people in, me included.
But the problem with liars/scammers is they often forget all of the topics they have lied about and are often caught out.
By their own admission the "Lifetime Profits" are for the miners life, in 2 years time they will just say something along the lines of "We would buy some more miners BUT it is not profitable for us to do so". Either that or they will just disappear into the sunset.
And that Idiot who said "They would never scam their names are publicly known" - Guess what dickhead, the owners of Genesis Mining and Hashflare are also well known and have stopped paying, do you see anyone taking them to Court?
People forget these middle Asian/Russian con artists are answerable to nobody and unless they upset someone on the Political spectrum they are free to scam as they please with zero chance of them being held accountable
Something else any of you soon to be broke IRM investors should realize and start doing is watching the wallets and top 100. Why? Let me explain.....
Don't believe me?
Okay, I don't give a fuck but that is what they are doing, sell your tokens now dump like there is no tomorrow as someone recently did because these shysters are going to be the only ones smiling in 2 years time, they are nothing but criminals posing as a company, that is how it works these days.
When you live in an "Untouchable" shithole like they do then you do not care if your face and name is all over the internet because you know that you would rather be mega rich and be labelled a scammer than poor and a nobody.
I feel sorry for any of the genuine investors out there who actually think they will make ANY profit from this, there is no way in hell you will even see half of your money back, all you are doing is helping them reach their ultimate goal and you will be then left scratching your head saying, what happened.
When Dias says "Hater's go to hell" what he is really saying is, "Anyone that can see through our bullshit, go to hell and keep silent about it".
And to prove my theory if there is another dump watch all of their fake/shill Telegram accounts say how great their order got filled, and watch how quickly it bounces back to the price it was, that is IRM buying their own tokens so they have to pay you less, not that they pay more than less now.
BTC Oh, one last thing, I forgot, do you also see now that Dias is no longer removing posts from the ANN thread, ask yourself why?
The reason why is outlined above, they have achieved their scam perfectly and now they are just add the final touches, a video or 2 a month keeps anyone happy right?
To my opinion, the price of ROCK2 tokens is maintained at a certain level....just because the team buy their own tokens below this level. So invetsors who ragequit and sell all their tokens "in one shot" are to my opinion doing a mistake.
1000 percent correct.
$0.03 is the price they claimed and yes it's quite cheap. Generally speaking if you compare the price of electricity in KZK with others countries you will realize that there electricity is not expensive. This is their advantage.
About temperatures, it's arguable. It's a bit warmer than Island or Canada but it must be considered with the price of electricity they pay.
To my opinion, the price of ROCK2 tokens is maintained at a certain level....just because the team buy their own tokens below this level. So invetsors who ragequit and sell all their tokens "in one shot" are to my opinion doing a mistake.
About temperatures, it's arguable. It's a bit warmer than Island or Canada but it must be considered with the price of electricity they pay.
To my opinion, the price of ROCK2 tokens is maintained at a certain level....just because the team buy their own tokens below this level. So invetsors who ragequit and sell all their tokens "in one shot" are to my opinion doing a mistake.
And anyway, keep in mind that if competition for mining is hard in 2018...When you get electricity cheaper than competitors in a quite cold country, you have a huge advantage.
$0.03 (as Ice Rock claim they're paying) isn't fantastically cheap and Kazakhstan isn't particularly cold.
Any (slim) advantage IR may have on those two fronts has to be weighed against the huge disadvantage of being disorganized, arrogant and inexperienced.
They are a fat, naive minnow in a sea of mining cartel sharks.
Still no shortage of Shills in their telegram the amount of spam is unbelievable.
1/
Yes, the "Peter K" guy seems not to be a normal investor. I noticed that also. you are certainly right.
2/
Concerning marketing side, i was just saying that at the beginning they really planned to use the mine to install the farm....They understood afterwards that it wasn't a good idea.
3/
They can't exit scam like that : they gave their names, the owner has one apple shop in Almaty, there is probably a registered company in KZK (should be interesting to get the company registration by the way...i think it's public information), they raised a huge amount... and there are laws!
I still think that they don't plan to scam...it's just that they launched the project with a lack of experience.
Someone just "ragequit" i think and so "decreased" the price till 0.00096 ETH/ROCK2...I really think that it will not remain at this price for a while...we are all just disappointed that they don't reach full capacity faster! (disclaimer : i'm rock2 token holder)
And anyway, keep in mind that if competition for mining is hard in 2018...When you get electricity cheaper than competitors in a quite cold country, you have a huge advantage.
Yes, the "Peter K" guy seems not to be a normal investor. I noticed that also. you are certainly right.
2/
Concerning marketing side, i was just saying that at the beginning they really planned to use the mine to install the farm....They understood afterwards that it wasn't a good idea.
3/
They can't exit scam like that : they gave their names, the owner has one apple shop in Almaty, there is probably a registered company in KZK (should be interesting to get the company registration by the way...i think it's public information), they raised a huge amount... and there are laws!
I still think that they don't plan to scam...it's just that they launched the project with a lack of experience.
Someone just "ragequit" i think and so "decreased" the price till 0.00096 ETH/ROCK2...I really think that it will not remain at this price for a while...we are all just disappointed that they don't reach full capacity faster! (disclaimer : i'm rock2 token holder)
And anyway, keep in mind that if competition for mining is hard in 2018...When you get electricity cheaper than competitors in a quite cold country, you have a huge advantage.
The following is for anyone who is still invested or considering investing into Ice Rock Mining.
This is a very small sample of the way they treat investors and also how much they lied about the whole concept of Ice Rock Mining.
As you can see from the image below, this is how they treat their investors, simply for asking an honest legitimate question.
And ANYONE who seriously believes the mining is lifetime, even though their ANN says "Lifetime Profits" as per previous post it is the lifetime of the Miners not your lifetime, so again, more smoke and mirror tactics they use to suck people in.
A poster above questioned whether or not their Admin knew what he was saying when he posted about the lifetime being the machines or a human lifetime, well he has doubled down on that so I think this removes any doubt, this project will last at most 2 years then the payments which are already pathetically low will get lower and lower due to difficulty and them being a shady company.
That will be their exit, they will just stop paying out because of "The environment is beyond out control and we could not foresee blah blah" and woosh your money is GONE.
So as you can see it is the lifetime of the Miners NOT lifetime in the sense they wanted you to believe when buying at or post ICO.
They are shady criminals who have used greed, lies and deception from conception.
If you are holding ROCK2 you will still this month again receive $1.30 or so per thousand tokens.
The current price per token at the time of writing this is $0.37 so to purchase 1000 tokens it will cost you $370.00 for a return of $1.30, I may be missing something here but if I invest $370 and get back $1.30 something would tell me that this is NOT a very good investment.
Also there is some shadiness with the top holders, I took a screen shot of the top 100 holders about 2 months ago, and let me tell you they HAVE been buying tokens and artificially pumping the price when it dips, they have also been selling, so they are playing you all like fools.
Seriously do not let your blind faith or greed for potential profits ruin you financially sell out now before they just disappear.
And remember on the Telegram when you are talking to Peter K. you are actually speaking to Dias. Although he is good at being deceptive, he really does suck at being sneaky, only took me a couple of weeks to work it out that he is Peter K. But one thing he is good at is lieing and deflecting and setting up a scam, he has proved that with IRM.
This is a very small sample of the way they treat investors and also how much they lied about the whole concept of Ice Rock Mining.
As you can see from the image below, this is how they treat their investors, simply for asking an honest legitimate question.
And ANYONE who seriously believes the mining is lifetime, even though their ANN says "Lifetime Profits" as per previous post it is the lifetime of the Miners not your lifetime, so again, more smoke and mirror tactics they use to suck people in.
A poster above questioned whether or not their Admin knew what he was saying when he posted about the lifetime being the machines or a human lifetime, well he has doubled down on that so I think this removes any doubt, this project will last at most 2 years then the payments which are already pathetically low will get lower and lower due to difficulty and them being a shady company.
That will be their exit, they will just stop paying out because of "The environment is beyond out control and we could not foresee blah blah" and woosh your money is GONE.
So as you can see it is the lifetime of the Miners NOT lifetime in the sense they wanted you to believe when buying at or post ICO.
They are shady criminals who have used greed, lies and deception from conception.
If you are holding ROCK2 you will still this month again receive $1.30 or so per thousand tokens.
The current price per token at the time of writing this is $0.37 so to purchase 1000 tokens it will cost you $370.00 for a return of $1.30, I may be missing something here but if I invest $370 and get back $1.30 something would tell me that this is NOT a very good investment.
Also there is some shadiness with the top holders, I took a screen shot of the top 100 holders about 2 months ago, and let me tell you they HAVE been buying tokens and artificially pumping the price when it dips, they have also been selling, so they are playing you all like fools.
Seriously do not let your blind faith or greed for potential profits ruin you financially sell out now before they just disappear.
And remember on the Telegram when you are talking to Peter K. you are actually speaking to Dias. Although he is good at being deceptive, he really does suck at being sneaky, only took me a couple of weeks to work it out that he is Peter K. But one thing he is good at is lieing and deflecting and setting up a scam, he has proved that with IRM.
Your message is a bit rude.
So it is okay for a company to scam/mislead/trick investors and go against everything in their whitepaper and business model, but you are worried about me being "A bit rude"?
1/
Actually, the mine was not part of a marketing plan....They just really thought that it was possible to install ASICS there. So why they didn't do so ? I think they realized that because of moisture and dust it would really decrease the lifetime of the ASICS.
Look at the name of their project you fool, the mine was always THE feature of their marketing, low temps etc. How blinded/ignorant are you?Actually, the mine was not part of a marketing plan....They just really thought that it was possible to install ASICS there. So why they didn't do so ? I think they realized that because of moisture and dust it would really decrease the lifetime of the ASICS.
Your message is a bit rude.
1/
Actually, the mine was not part of a marketing plan....They just really thought that it was possible to install ASICS there. So why they didn't do so ? I think they realized that because of moisture and dust it would really decrease the lifetime of the ASICS.
2/
As soon as the vote for contract mining has been released, i for sure tried to explain on the telegram channel that we should all vote "NO" if it's linked with Rock2 project. Otherwise, it would be disadvantageous for ROCK2 holders....and it would bring the mess : not possible anymore to track if our payouts are correct according to the size of the farm. So Dias banned me
(even if i was polite) and said that this mining contracts would be something different than ROCK2 tokens (a kind of separate project). I don't know if he said that because he really thought it from the beginning or if he realized after submitting the vote that he was trying too hard to fuck us. I think the 2nd variant is the right one.
When the vote was released, i was consulting this telegram page....I was very surprised to see that more than 20 Yes appeared very very quickly. during the first minutes the "Yes" was winning. I strongly suppose that all colleagues of IRM company where asked to say "YES" as soon as the vote was submitted (to establish a "trend")...Hopefully the "NO" has largely won.
4/
They must last 3 years at least (new piece of information for me). Otherwise some investors (specially the last investors of phase2) will never get a payback equal to the amount they invested. I don't know laws in KZK, but if you do foundraising and deliberately don't complete the conditions to give a chance to the investors to get a payback, it's not legal in some countries.
Actually, investing in ROCK2 ICO was not a good idea...but buying ROCK2 tokens when the tokens became tradeable on the exchange (at this time the price was very low) was maybe not such a bad investment.
So I repeat, to my opinion, they didn't want to scam at the beginning. It's just that due to their huge lack of experience, the project has not run as smooth as foreseen. It can only be better now (and will be i think).
IRM is risky for sure, but still think it's possible to make some profits with this project.
1/
Actually, the mine was not part of a marketing plan....They just really thought that it was possible to install ASICS there. So why they didn't do so ? I think they realized that because of moisture and dust it would really decrease the lifetime of the ASICS.
2/
As soon as the vote for contract mining has been released, i for sure tried to explain on the telegram channel that we should all vote "NO" if it's linked with Rock2 project. Otherwise, it would be disadvantageous for ROCK2 holders....and it would bring the mess : not possible anymore to track if our payouts are correct according to the size of the farm. So Dias banned me
(even if i was polite) and said that this mining contracts would be something different than ROCK2 tokens (a kind of separate project). I don't know if he said that because he really thought it from the beginning or if he realized after submitting the vote that he was trying too hard to fuck us. I think the 2nd variant is the right one. When the vote was released, i was consulting this telegram page....I was very surprised to see that more than 20 Yes appeared very very quickly. during the first minutes the "Yes" was winning. I strongly suppose that all colleagues of IRM company where asked to say "YES" as soon as the vote was submitted (to establish a "trend")...Hopefully the "NO" has largely won.
4/
They must last 3 years at least (new piece of information for me). Otherwise some investors (specially the last investors of phase2) will never get a payback equal to the amount they invested. I don't know laws in KZK, but if you do foundraising and deliberately don't complete the conditions to give a chance to the investors to get a payback, it's not legal in some countries.
Actually, investing in ROCK2 ICO was not a good idea...but buying ROCK2 tokens when the tokens became tradeable on the exchange (at this time the price was very low) was maybe not such a bad investment.
So I repeat, to my opinion, they didn't want to scam at the beginning. It's just that due to their huge lack of experience, the project has not run as smooth as foreseen. It can only be better now (and will be i think).
IRM is risky for sure, but still think it's possible to make some profits with this project.
No one that bought the ICO will make any money.
The cave was definitely part of their marketing strategy they where told many times about dust moisture etc etc but nono they knew best the cave would not have to pay for any cooling equipment remember ?
These cloud contracts how the hell would that work they dont have the hash power to pay their ICO customers and they want to Sell hashpower ? im confused or rather Amazed. So now they would sell cloud contracts take in some more money and then dissapear ..
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