now the goverment supposedly closed them down , just when bitcoin got over 10k for awhile , classic .
I also really enjoyed watching them ride around on their brand-new looking motorcycles on facebook very classy.
Topic: ICE ROCK MINING - SCAM!!! (Read 19706 times)
Have you guys heard IRM want to open a Miner Hosting Service using the infrastructure paid by the ICO investors?
I hear it was Payday today anyone wanna share how much they got ?
Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
Last payment 1000 ROCK2 ~ 0.01 (Rock2Pay or ETH)Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
So 1.08 usd for 1000 dollar investment nice.
I hear it was Payday today anyone wanna share how much they got ?
Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
Last payment 1000 ROCK2 ~ 0.01 (Rock2Pay or ETH) Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
I hear it was Payday today anyone wanna share how much they got ?
Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
Per token or per 1000 tokens I dont want to know how much u own just what the payment per token was.
They are holding .. while they held Eth it dropped from 540 to 130 ish .. bitcoin dropped from 7400 to 3600.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.
Hosting!?!?!? They already robbed investors, now you want them to rob customers too? Only way forward is to sue them for fraud and hope there’s something left to recover when all is said and done. The community should push back against the signature advertisers that made money knowingly pushing this crap too.
well i was spitballing on how they could actually turn it into a viable buisness , but ye your right no one would trust them with their miners.
They are holding .. while they held Eth it dropped from 540 to 130 ish .. bitcoin dropped from 7400 to 3600.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.
Hosting!?!?!? They already robbed investors, now you want them to rob customers too? Only way forward is to sue them for fraud and hope there’s something left to recover when all is said and done. The community should push back against the signature advertisers that made money knowingly pushing this crap too.
Quote
Are you BLIND?
All this info was posted a week ago on our telegram news channel!
We made a financial report. read it and go away.
All this info was posted a week ago on our telegram news channel!We made a financial report. read it and go away.
With all due respect, this is not the complete financial report. It shows only the expenses ($1,740,518). We all know this is just a half of the data. What is missing is an income specification (ICO sell and mining) and the final balance sheet - the amount of money that is available after these expenses (probably part in fiat and part in crypto).
However, we can estimate some numbers, until IRM provides the official data. Since about $10 mio were collected in the ICO, after reported $2 mio of expenses we can calculate there is still about $8 mio available. (This is just a guess, I am not affiliated with IRM, so we must wait for the complete financial report).
However, it looks like there is plenty of money left for buying more miners and expanding the business in future! Great!
Depends, did they sell the ETH they raised for fiat?
We are holding. Never sold.
They are holding .. while they held Eth it dropped from 540 to 130 ish .. bitcoin dropped from 7400 to 3600.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.
Loool, I was banned on the Telegram channel because asked them about more details in their financial report. Haha.
An absolutely stupid policy which shows you only positive or messages which lick their boots.
After that, I've posted about that on the bitcointalk topic and the moderator deleted this message either.
I think they have something to hide.
An absolutely stupid policy which shows you only positive or messages which lick their boots.
After that, I've posted about that on the bitcointalk topic and the moderator deleted this message either.
I think they have something to hide.
IRM always delievers. It's hard for your to realize it, but it's just true. Sorry if it hurts 
I like IRM doing these changes because it's more profitable to do it like this.....blah blah blah.
I like IRM doing these changes because it's more profitable to do it like this.....blah blah blah.
You fucken idiot I did once support them until I realized they are a complete scam, and even since I sold out they have told more and more lies to their investors. Are you that fucken dumb that you believe them or your a sock puppet account?
That is no argument You do not have very good English and obviously a low IQ so that qualifies you to be part of the IRM team. 
Thx for your compliments LOL
But please do tell me how telling lies on the website, on the whitepaper, changing the payment methods and investors are recieving around $1.30 per Month for every thousand coins they own?
How is that a good thing?
It's up to you why you dislike the changes of the whitepaper. I can understand IRM to do so. How is that a good thing?
Cannot wait for Dias to set foot in the U.S.A he will be in Handcuffs within minutes.
I don't hope so, IRM needs Dias. Don't be so rude. Hey Dias, you know several of us have reported you to the SEC right? Just sayin if you do visit the U.S make sure you bring your toothbrush and some loob, you going to need it.
Better ask in IRM ANN, I don't know if he reads here. If he does, he will just be laughing at you. Check out Cashi's trust. LOL
He has been called out as a scammer by over 15 different people. LMAO.
No wonder he has supported this IRM scam.
https://bitcointalk.org/index.php?action=trust;u=1973300
Dude, you can't even read! This is the feedback I sent to other users because they were cheating. He has been called out as a scammer by over 15 different people. LMAO.
No wonder he has supported this IRM scam.
https://bitcointalk.org/index.php?action=trust;u=1973300
Therefore it's called sent feedback.
Doing a detailed research seems to be not your best skill.
Check out Cashi's trust. LOL
He has been called out as a scammer by over 15 different people. LMAO.
No wonder he has supported this IRM scam.
https://bitcointalk.org/index.php?action=trust;u=1973300
He has been called out as a scammer by over 15 different people. LMAO.
No wonder he has supported this IRM scam.
https://bitcointalk.org/index.php?action=trust;u=1973300
IRM always delievers. It's hard for your to realize it, but it's just true. Sorry if it hurts
I like IRM doing these changes because it's more profitable to do it like this.....blah blah blah.
I like IRM doing these changes because it's more profitable to do it like this.....blah blah blah.
You fucken idiot I did once support them until I realized they are a complete scam, and even since I sold out they have told more and more lies to their investors. Are you that fucken dumb that you believe them or your a sock puppet account?
You do not have very good English and obviously a low IQ so that qualifies you to be part of the IRM team.
But please do tell me how telling lies on the website, on the whitepaper, changing the payment methods and investors are recieving around $1.30 per Month for every thousand coins they own?
How is that a good thing?
Cannot wait for Dias to set foot in the U.S.A he will be in Handcuffs within minutes.
Hey Dias, you know several of us have reported you to the SEC right? Just sayin if you do visit the U.S make sure you bring your toothbrush and some loob, you going to need it.
So given that IRM has done the following which totally goes against their whitepaper:
No longer mining in a cave (major selling point was cooling)
Not paying out investors in ETH (as was written in whitepaper)
Commencing contract mining (Again not written in whitepaper)
Lied to everyone about their earnings calculations and were not transparent about the fact that the calculator was set for a 12k BTC price (on ICO website)
Ban anyone who dares to question anything in the Telegram
Are several months behind scheduale
The list goes on and on.....
Not paying out investors in ETH (as was written in whitepaper)
Commencing contract mining (Again not written in whitepaper)
Lied to everyone about their earnings calculations and were not transparent about the fact that the calculator was set for a 12k BTC price (on ICO website)
Ban anyone who dares to question anything in the Telegram
Are several months behind scheduale
The list goes on and on.....
How does that then sit for you with your expert ICO eyes?
I like IRM doing these changes because it's more profitable to do it like this. Why not change the whitepaper if this will be more profitable for everyone??
After all ask questions in the telegram or via mail if you have concerns. A honest team will answer them.
And IRM bans people for asking legitimate questions all of the time, I have seen it happen about 40 times personally. So now you are supporting a shady company that does that?Are you a Dias sockpuppet too?
It's no secret some are involved in shady businesses getting better places for projects if they pay...
You are supporting a shady ICO or post ICO project here, where are you morals now?
You are full of shit.
Everyone who follows common sense of ICO research will notice, that IRM is one of the 5% good ICOs.
where are you morals now?
I will show you this:
Did you even read my past posts? (click on my profile link). Everyone can clearly see I was critical of ice rock mining at first.
Instead of making baseless claims, read some proper research like this one:
https://icoforensicreports.tumblr.com/post/170698385383/forensic-analysis-of-ice-rock-mining-2nd-ico
Don't worry about Bitpotus, he is a conspiracy theorist and everything is a scam unless he decides it is not. Instead of making baseless claims, read some proper research like this one:
https://icoforensicreports.tumblr.com/post/170698385383/forensic-analysis-of-ice-rock-mining-2nd-ico
Read his posts and look at his signature, he thinks he is the Crypto Po Po.
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.
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. 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.
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.
I am investedin EasyMine but also this one looks good.
https://icerockmining.io/
Bitcoin Mining from Caves, taking underground mining to the next level.
https://icerockmining.io/
Bitcoin Mining from Caves, taking underground mining to the next level.
Check this mining ICO out they have referrals and mine from underground caves!
*Note I have not included my referral link only making you guys aware of it that can get referrals.
https://icerockmining.io/
*Note I have not included my referral link only making you guys aware of it that can get referrals.
https://icerockmining.io/
you should not posting something like that dude. that's disrespectful
So LMAO, seems you are dicing your opinion occasionally, better go here: https://www.bitdice.me/
Or was it just a role play here, first you act like IRM supporter number one and then you are playing the FUDster number one to show that even strong supporters of IRM turn against them? And your intention was to influence others?! Dias showed always very excellent proofs recently, so unfortunately your strategy is totally flawed.
Sorry for the detailed answer, idiots like you are just making crypto looking more ridiculous as it normally is.
where are you morals now?
Maybe you can think about it by having a lossy dice: https://www.bitdice.me/
Reply here shadi https://bitcointalk.org/index.php?topic=3139632.40
This *cough honest ICO deletes most messages on this ANN thread, to control the truth.
Another sign of how criminal they are. That is why there is a scam thread, this actual thread should be 150 pages long by now but honest Dias (lol) likes to control information flow.
And that dammed truth thing really get's on his nerves.
This *cough honest ICO deletes most messages on this ANN thread, to control the truth.
Another sign of how criminal they are. That is why there is a scam thread, this actual thread should be 150 pages long by now but honest Dias (lol) likes to control information flow.
And that dammed truth thing really get's on his nerves.
Are you even checking their channels? IRM is providing important news immediately, I don't know any other company doing this like IRM.
Cashi the ICO expert.
A detailed analysis of ICOs is very difficult and the overall bearish market is another factor for the success of an ICO. I don't know if it's the best time to invest in an ICO.
You do not know very much at all it seems. Personally, I think, the most important thing is a research about the team, it's characters, amount of people for this project, qualifications, experieces and previous actions. This is very important and for doing this you can use google or social websites to get more informations about this team.
Another one ist the project. Read website and whitepaper and ask yourself if the solution offered by this ICO would be neccesary or is it another copy of existing projects. The market for ICOs is very hard now and you need a good idea to exist.
So given that IRM has done the following which totally goes against their whitepaper:Another one ist the project. Read website and whitepaper and ask yourself if the solution offered by this ICO would be neccesary or is it another copy of existing projects. The market for ICOs is very hard now and you need a good idea to exist.
No longer mining in a cave (major selling point was cooling)
Not paying out investors in ETH (as was written in whitepaper)
Commencing contract mining (Again not written in whitepaper)
Lied to everyone about their earnings calculations and were not transparent about the fact that the calculator was set for a 12k BTC price (on ICO website)
Ban anyone who dares to question anything in the Telegram
Are several months behind scheduale
The list goes on and on.....
Not paying out investors in ETH (as was written in whitepaper)
Commencing contract mining (Again not written in whitepaper)
Lied to everyone about their earnings calculations and were not transparent about the fact that the calculator was set for a 12k BTC price (on ICO website)
Ban anyone who dares to question anything in the Telegram
Are several months behind scheduale
The list goes on and on.....
How does that then sit for you with your expert ICO eyes?
After all ask questions in the telegram or via mail if you have concerns. A honest team will answer them.
And IRM bans people for asking legitimate questions all of the time, I have seen it happen about 40 times personally. So now you are supporting a shady company that does that?Are you a Dias sockpuppet too?
It's no secret some are involved in shady businesses getting better places for projects if they pay...
You are supporting a shady ICO or post ICO project here, where are you morals now?
You are full of shit.
Rock2 token price went from 0.17 to 0.27 within a few days recently (~59% increase), probably due to the current BTC pump. I have noticed when BTC pumps Rock2 pumps even more.
Hopefully this will continue. 2000 miners are up and running for next payout end of this month. Hold your Rock2 tokens in your own wallet guys.
I think we hit the BTC bottom. Only up from now I think.
Hopefully this will continue. 2000 miners are up and running for next payout end of this month. Hold your Rock2 tokens in your own wallet guys.
I think we hit the BTC bottom. Only up from now I think.
You do realize that IRM want the token to tank so they can buy more with the ETH from ICO then they are paid more dividends from mining, if the opposite happens and the token rises in price they just sell for a profit while still keeping the majority of mined BTC.
Either way they cannot lose, the only people using and the fools who think they will see a return on investment.
I laughed the other day as I watched another one get banned after a command by PeterK/Dias.
Seriously Dias you have the intellect to publicly scam people but when it comes to operating a sock puppet account on Telegram you are not very good, your English is the same and the way the lapdog moderators jump at every command/suggestion/request by PeterK makes it more than obvious.
It is actually laughable.
Also you should know you have been reported to the SEC so be careful if you ever want to visit the U.S there is an active investigation into your ICO and American participants.
Sweet dreams scammers.
I'm going to liquidate my position with these scammers. Anyone know how to cash out the rock2pay tokens? I can sell the main tokens on an exchange but I'm not sure how to convert and liquidate the rock2pay funny money.
snip
You are an hero How about prevent this Newbie from Telegram scammers and answer his questions?!
[/quote]
I am not on IRM Telegram nor do i take the time to read all the posts in this or their other threads my post was a mostly a copy paste what i posted in the main thread.
Also im not responcible for anyone elses actions nor am i your mommy that has to protect you from everything and edjucate you.
The warnings that i do give about projects that i assume are scams are my choice on how i spend my time so i dont appriciate the sarcasm.
Don't send, it's Telegram scammer!!!
In Telegram are some scammers stealing other users funds. They pretend to be admins, but are using fake profiles to scam people.
In Telegram are some scammers stealing other users funds. They pretend to be admins, but are using fake profiles to scam people.
Thx for the fast response. I have not sent ihm my real IRM tokens jet.
But this scam happened to me yesterday with my MIO-Tokens. Well... they are gone now.
Now i have to call this instructive money / educational money. I thought this is a common procedure (because this Fake-IRM-Cacht obove propared me).
I hope this thread is warning other people. If they become sceptical and find this text.
Have a nice day and be blessed, you honest people! (not you scammers ... go to hell!)
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
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 ..
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.
The IRM scam just gets bigger and bigger.
Not only is there 100% proof that the following is all lies.
1. They lied about the calculations on the website.
2. They lied about being paid in ETH. The proof of this lie is in their own Whitepaper
3. They lied about the Cave itself, now they are using some dusty dirty shithole of a warehouse and have now gone against the whole concept of the "Cave Mining".
A further lie to the above lie #3 is that they had previously told investors that the 500 ASICS were installed "In the Cave". They have never intended on being (ICE ROCK CAVE MINING) the whole concept was a marketing sham. Yes I fell for it but thank god I got out when I still could, so many people going to lose their pants over this shit show.
4. They have also lied about "Lifetime Profit". See below for proof.
Not that anyone with half a brain cannot work out that with difficulty rising and the biggest mining companies have stopped paying people (but continue to mine of course) as will IRM when their payouts become so little that people will just dump their tokens.
(Free Hint) Dump yours now before everyone else realizes what is going on.
This will be part of their exit strategy. Oh we never stopped paying you, its just that the difficulty is so high now that your payments are in the negative.
But you have that valuable Rock2 token. Which currently pays $1.32 per 1000 Tokens.
Now they are also asking users to vote (And again go against everything they have said in whitepaper) and they want to sell cloud mining contracts. LOL.
So the small amount of hash power they have will be shared with random investors who will also loose their money if they deal with these shysters.
Finally, here is proof from an admin on the chat, have highlighted it in Red where they even admit after 3 years the whole operation is fucked. But still "Lifetime Profits" LMFAO.
And if you think that screenshot of the Telegram chat is photoshopped, do a keyword search for "expending" I am sure not many would spell expanding that way. So will be interesting to see who gets to it first, and will they delete that admission of 3 years or will they leave it up saying it was an error?
Hey Dias, before you delete this from the ANN like you do every other post that is not kissing your ass, why don't you Man Up and answer the questions and refute the allegations?
Do you really not want your investors to see the truth? Pussy.
Not only is there 100% proof that the following is all lies.
1. They lied about the calculations on the website.
2. They lied about being paid in ETH. The proof of this lie is in their own Whitepaper
3. They lied about the Cave itself, now they are using some dusty dirty shithole of a warehouse and have now gone against the whole concept of the "Cave Mining".
A further lie to the above lie #3 is that they had previously told investors that the 500 ASICS were installed "In the Cave". They have never intended on being (ICE ROCK CAVE MINING) the whole concept was a marketing sham. Yes I fell for it but thank god I got out when I still could, so many people going to lose their pants over this shit show.
4. They have also lied about "Lifetime Profit". See below for proof.
Not that anyone with half a brain cannot work out that with difficulty rising and the biggest mining companies have stopped paying people (but continue to mine of course) as will IRM when their payouts become so little that people will just dump their tokens.
(Free Hint) Dump yours now before everyone else realizes what is going on.
This will be part of their exit strategy. Oh we never stopped paying you, its just that the difficulty is so high now that your payments are in the negative.
But you have that valuable Rock2 token. Which currently pays $1.32 per 1000 Tokens.
Now they are also asking users to vote (And again go against everything they have said in whitepaper) and they want to sell cloud mining contracts. LOL.
So the small amount of hash power they have will be shared with random investors who will also loose their money if they deal with these shysters.
Finally, here is proof from an admin on the chat, have highlighted it in Red where they even admit after 3 years the whole operation is fucked. But still "Lifetime Profits" LMFAO.
And if you think that screenshot of the Telegram chat is photoshopped, do a keyword search for "expending" I am sure not many would spell expanding that way. So will be interesting to see who gets to it first, and will they delete that admission of 3 years or will they leave it up saying it was an error?
Hey Dias, before you delete this from the ANN like you do every other post that is not kissing your ass, why don't you Man Up and answer the questions and refute the allegations?
Do you really not want your investors to see the truth? Pussy.
Oh look a fanboy.
Oh look a hater. So you think that I was telling a lie about the Telegram not being open? Well at the time of posting it was not, they have since re-opened it and probably closed it again, who knows. But what I said is true by blocking/distancing themselves from new investors they are harming the current investors chances of profit, so there was never a lie just plain facts. Ouch that must hurt.
It was changed into in private chat, only admins could add someone. The reason why this was done were idiots with Telegram fake accounts advertising other projects. It's now open again, not closed. It was never to block new investors, you have to blame the fake account creators here. Do you know the word risk?
Do you know the word Shill?How about you give me the name of one that pays out worse than IRM? There was a guy who recently posted for his $10000.00 USD investment he received a massive $25.00 for the Month. LOL.
LOL!! If you don't know the big names in cloudmining you have to educate yourself. Ask Peter K. LOL.Blah blah blah. What was that rant even about? Sorry but not even going to dignify that dribble with a relevant reply, because there is none.
Ahaha, I got you there, think about it I notice with a slight smile that while you are calling me a liar for posting IRM's lies you conveniently did not quote said lies, and why would that be?
Look below. LOL Now I know for sure, from your not so quite correct English in those last few sentence's and the fact that you referenced "how hard the work is" that you are from their team, which one are you? Haydar? Ugar? Fucken Radar?
LOL, thanks for the compliments, maybe I'll try to apply for admin job there. If they see my "hard work" here I will possibly have success. Just kidding, there are others in first line to become admin. But this comment shows that your imagination is really huge, just the same like in your lies about IRM.
Really? I was not aware that shilling and ass-licking was a precursor for education in Crypto.
Really? I was not aware that telling lies and hating were a precursor for education in Crypto. Also got to love your comment there. "They will never exit-scam" Said no one ever who has been in Crypto more than 6 months.
LOL, quoted for reference. I'll come back to you next year. So I think the scenario will play out like this, they will continue to buy more miners and keep mining (at a location not known to anyone....(that does help when you do exit btw) and then they will play the difficulty card or that the "FREE" facility they have been "Given by the electricity company" cough cough.......bullshit, is now no longer available and they will then say we hope to move to new location soon with blah blah.....and you will never ever hear from you/them again.
Your imagination again, IRM is no scam Which reminds me, while you are pointing fingers and mentioning other mining providers name one that mines BTC and does not pay out in BTC, unless the user specifically requests a different coin or algo? Another Red Flag.
Are you doing any research? Miner One https://minerone.io/
Togacoin https://togacoin.com/
Securix https://www.securix.io/
I will finish now buy doing the honors of re-quoting the lies thus far that they have put forth, feel free to point out ANY part of these lies which are incorrect. I bet you cannot because they are all fact you idiot.
I, the "idiot", will finish now by doing the honors of stating your lies as lies
Your lies..........Updated version.
1. They lied about the calculations on the website. FACT Still a lie they told investors and always will be.
This was never a lie, it was calculated at BTC 14.500$ and difficulty from January. If you expect the same market conditions after a half year, you should look at BTC price and mining difficulty. How this was calculated was publicly available, you just have to click it. It's still there. 2. They lied about being paid in ETH and instead you are getting paid in ROCK2PAY a contract which THEY control, so they can cut off payments anytime they like, and just disappear from being online and your money is gone.....well it already is now anyway. FACT Still a lie they told investors and always will be.
They changed it to avoid sending ETH to wallets nobody has access to. I don't get it what you have against it, it saves money because it makes no sense to send it to lost wallets. 3. They lied about opening the Telegram to new investors. FACT. At the time but they do not like people asking questions so maybe it has been closed again, either way they lied about opening it.
LOOOL!! You are totally wrong, it's open again since few days. Check it!4. They lied about the Cave itself, now they are using some dusty dirty shithole of a warehouse and have now gone against the whole concept of the "Cave Mining". FACT Still a lie they told investors and always will be.
Changing the location if there comes up a better one makes you calling it a lie? You must be a good business partner. Cave is still owned and used by them for phase 1. 5. They continue to lie on their videos and to their investors and they ban people just for asking a question. They ban or warn for anything that is not an ass-kissing post. Ask Peter K. LOL
For you everything they say is a lie. Ask Peter K. LOL Thanks for this nice talk showing that IRM is a legit business and a discussion about facts is not possible with haters. In bear markets might be some issues in mining and it's difficult to deal with, but IRM is definitely no scam. I'm open to constructive criticism, but calling every change a scam even it's good for investors is just ridiculous.
Id like to know how the short coming in the 20% operating costs is paid.
I don't know the numbers, but I if it should get worse they will be taken from 20% reinvestment, said IRM in their last video. Maybe Dias will have a statement in their ANN. If you want I can ask this.
Id like to know how the short coming in the 20% operating costs is paid.
Well, let's name the facts instead of claiming false accusations here.
Oh look a fanboy. More than happy to talk "facts" about IRM here. Also happy to talk about IRM's false "facts" that totally contradict their Whitepaper and their project in general. You okay with that or do your eyes only read what they want to see?They do not give a shit about the current investors as they are now blocking any potential new investors, not that many would invest now that they have seen the size of the payouts.
Actually this is a big lie, don't you watch their q&a? The whole profits of the team and investors are depending on the operations, 10% team, 50% investors. If you wasn't aware of this it's your fault, it's no suprise, Icerock has said this very often.
So you think that I was telling a lie about the Telegram not being open? Well at the time of posting it was not, they have since re-opened it and probably closed it again, who knows. But what I said is true by blocking/distancing themselves from new investors they are harming the current investors chances of profit, so there was never a lie just plain facts. Ouch that must hurt. Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio.
So for your 20,000 ROCK2 tokens which at 50% Discount on ICO price cost you 10 Grand you received......wait for it...…...at whopping $27 dollars....at most. Do you feel proud? LOL $81.00 per month.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Do you know the word risk?
Do you know the word Shill?Give me a name of any mining company offering better payouts that IRM -
How about you give me the name of one that pays out worse than IRM? There was a guy who recently posted for his $10000.00 USD investment he received a massive $25.00 for the Month. LOL. Based on that alone the ROCK2 tokens value is actually at about $0.05 USD.
you'll find none! Because all other are not profitable or keep the profits for themselves. Remember the difficulty how high it got! Ther are many capitalist miners just mining and keeping all the profits for themselves. We don't need these capitalist, centralized miners, they are not better than the current rich idiots. Watch this: https://www.youtube.com/watch?v=S00MWI3YeP4
Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
Blah blah blah. What was that rant even about? Sorry but not even going to dignify that dribble with a relevant reply, because there is none. Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
Difficulty will be through the roof next year leading up to the halving and you are better off selling up and buying 1.5 BTC now than trusting these liars with your hard earned money.
The only liar here is you in addition making investment advices based on lies.
I notice with a slight smile that while you are calling me a liar for posting IRM's lies you conveniently did not quote said lies, and why would that be? We both know the answer to that, it is because what I posted is the truth, they have lied many times and continue to do so. Fool. You definitely haven't any exprience of doing such an large scale project and can't imagine what it takes for efforts.
And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
LOL Now I know for sure, from your not so quite correct English in those last few sentence's and the fact that you referenced "how hard the work is" that you are from their team, which one are you? Haydar? Ugar? Fucken Radar? And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
Ask Peter K. LOL
At least he is more educated it crypto business.
Really? I was not aware that shilling and ass-licking was a precursor for education in Crypto. I don't hate IRM, I think they are con artists who have deceived many people.......me included until I woke up but the problem is that they continue to LIE to their investors in the Telegram, every single day I read it there is bans, warnings, non-stop ass kissing and lots of promises and B.S from their monkey admins on there.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
How ignorant can someone be? They will never exit-scam, please stop telling your wishes!
Uh Oh. Your English again. Please if you are going to try and come across as a "random investor" defending his investment, please ask a native English speaker to play the part next time, not that I or anyone else will not see through the bullshit, but it would make it slightly harder. Also got to love your comment there. "They will never exit-scam" Said no one ever who has been in Crypto more than 6 months.
If they are scammers they would have already taken the money, now they are beginning the operations it's obvious that they are not interested to do a scam. They are well known, pictures and videos everywhere now, a scam would have taken them to prison, even direct after ICO.
Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: REMOVED SHIT PROPOGANDA LINK
As I have said repeatedly I never believed them to be scammers in the sense that they will not start mining, and so far this has proven to be true. That however does not preclude them from suddenly stopping payouts now does it? Not that anyone would notice a payout missing they are that small.Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: REMOVED SHIT PROPOGANDA LINK
You see, as I have said earlier, these guys (you) are playing the long-con (Look up the Kasak term).
It will play out something like this, as time goes buy and more miners are slowly put on board, HOPEFULLY the honest investors will realize this whole thing is a sham. Why is it a sham? There are many many reasons, most of which I have previously listed in the lies which you conveniently left out when quoting me.
So I think the scenario will play out like this, they will continue to buy more miners and keep mining (at a location not known to anyone....(that does help when you do exit btw) and then they will play the difficulty card or that the "FREE" facility they have been "Given by the electricity company" cough cough.......bullshit, is now no longer available and they will then say we hope to move to new location soon with blah blah.....and you will never ever hear from you/them again.
Meanwhile they have all this time they/you are profiting from exploiting investors, all the investors have done is given them the ability to build their own mining operation and long after they have stopped paying it will still be running.
Why are they paying in ETH........Actually strike that, they lied about that as well and are paying through their own 3rd token which THEY CONTROL. So they can pull the plug anytime.
Also they were previously ETH miners so every small payment sent to IRM investors is not even coming from the BTC operations they have their own large bags of ETH that is what they are using for payment and the BTC will be kept like gold and investors will not see ANY of the BTC.
Which reminds me, while you are pointing fingers and mentioning other mining providers name one that mines BTC and does not pay out in BTC, unless the user specifically requests a different coin or algo? Another Red Flag.
I will finish now buy doing the honors of re-quoting the lies thus far that they have put forth, feel free to point out ANY part of these lies which are incorrect. I bet you cannot because they are all fact you idiot.
The lies..........Updated version.
1. They lied about the calculations on the website. FACT Still a lie they told investors and always will be.
2. They lied about being paid in ETH and instead you are getting paid in ROCK2PAY a contract which THEY control, so they can cut off payments anytime they like, and just disappear from being online and your money is gone.....well it already is now anyway. FACT Still a lie they told investors and always will be.
3. They lied about opening the Telegram to new investors. FACT. At the time but they do not like people asking questions so maybe it has been closed again, either way they lied about opening it.
4. They lied about the Cave itself, now they are using some dusty dirty shithole of a warehouse and have now gone against the whole concept of the "Cave Mining". FACT Still a lie they told investors and always will be.
5. They continue to lie on their videos and to their investors and they ban people just for asking a question. They ban or warn for anything that is not an ass-kissing post. Ask Peter K. LOL
FACT. And I have screenshots of many of their banning's of people for simply asking a question. Want me to post them here? Or would you say I photoshopped the whole thing?
One more lie I forgot to add, and this one is the most obvious one and still on their ANN thread. "Lifetime Profit"Tell me how that is not a straight up lie?
If I were 18 now and invested in IRM do you seriously think that when I am 85 I would still be receiving a profit from BTC mining?
So yep, lets make that lie number 6. And these lies are not small white lies or inconsequential lies they are lies that are totally against what their own Whitepaper said, especially when it comes to Cave mining and the ETH payments. Why any fool would invest with these shysters is beyond me.
I await your reply to refute the lies they have told.
lol you really did a full 180 from a few weeks ago 
Not disagreeing just saying
Yes I did and it is a fair call. Not disagreeing just saying
I admit I was blinded by greed and potential profits. Once I realized their whole ICO is built on a foundation of lies I soon changed my position.
Having a self moderated (Censorship) ICO thread should have been the 1st red flag but I missed it, thankfully I did not miss the most important ones before it was too late and that is the payout amounts.
Well, let's name the facts instead of claiming false accusations here.
Do you feel proud? LOL $81.00 per month.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Do you know the word risk? Give me a name of any mining company offering better payouts that IRM - you'll find none! Because all other are not profitable or keep the profits for themselves. Remember the difficulty how high it got! Ther are many capitalist miners just mining and keeping all the profits for themselves. We don't need these capitalist, centralized miners, they are not better than the current rich idiots. Watch this: https://www.youtube.com/watch?v=S00MWI3YeP4
Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: https://www.youtube.com/watch?v=0V51w6U4XMA
They do not give a shit about the current investors as they are now blocking any potential new investors, not that many would invest now that they have seen the size of the payouts.
Actually this is a big lie, don't you watch their q&a? The whole profits of the team and investors are depending on the operations, 10% team, 50% investors. If you wasn't aware of this it's your fault, it's no suprise, Icerock has said this very often. Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio.
So for your 20,000 ROCK2 tokens which at 50% Discount on ICO price cost you 10 Grand you received......wait for it...…...at whopping $27 dollars....at most. Do you feel proud? LOL $81.00 per month.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
Difficulty will be through the roof next year leading up to the halving and you are better off selling up and buying 1.5 BTC now than trusting these liars with your hard earned money.
The only liar here is you in addition making investment advices based on lies. They have lied about many things and continue to do so. Want me to list some of their lies? What the heck, just for you oh wise investor.
snip
You definitely haven't any exprience of doing such an large scale project and can't imagine what it takes for efforts. snip
And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
5. They continue to lie on their videos and to their investors
Watch it again, your imagination is just amazing. You should become a truther. Ask Peter K. LOL
At least he is more educated it crypto business. I don't hate IRM, I think they are con artists who have deceived many people.......me included until I woke up but the problem is that they continue to LIE to their investors in the Telegram, every single day I read it there is bans, warnings, non-stop ass kissing and lots of promises and B.S from their monkey admins on there.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
How ignorant can someone be? They will never exit-scam, please stop telling your wishes! If they are scammers they would have already taken the money, now they are beginning the operations it's obvious that they are not interested to do a scam. They are well known, pictures and videos everywhere now, a scam would have taken them to prison, even direct after ICO. Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: https://www.youtube.com/watch?v=0V51w6U4XMA
erm who are u ?
They calculated potential future btc rises into their roi calculations u know any other company that has done this ? Not only did they advertise with 400% while many of us told them their Calculator was misleading using btc @ 11k while it was @ 7 or 8k they also Doubled down after the big drops they said 700% roi and btc would go through the Roof this summer. all things you can speculate on but they where singing the gospel like it was guaranteed while being told serveral times that was insane.
They advertised with "special" miners none else had that where giving 30 usd + a day roi something that might have been possible for about 1.3 seconds at btcs highpoint.
They have misrepisented everything all over the place .. remember their 20% operational costs ? 10% for team 50% investors and 20% reinvest ? i tried many times to explain to them that 20% is not a constand in this buisness one day it may be 100 bucks the next 200 or 50 but they stuck to their theory .. however now 2.5cents per KWH isnt covered by the 20% Who is paying the difference have they came out publicly to explain ?
They grossly underestimated the work and grossly overestimated their earnings they come accross like never having managed a buisness of this size. addressing the "haters" in that video was a big laugh.
tmfp's Post one page back sums everything up very well and thats why it was quickly deleted from their thread.
Well, let's name the facts instead of claiming false accusations here.
Do you feel proud? LOL $81.00 per month.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Do you know the word risk? Give me a name of any mining company offering better payouts that IRM - you'll find none! Because all other are not profitable or keep the profits for themselves. Remember the difficulty how high it got! Ther are many capitalist miners just mining and keeping all the profits for themselves. We don't need these capitalist, centralized miners, they are not better than the current rich idiots. Watch this: https://www.youtube.com/watch?v=S00MWI3YeP4
Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: https://www.youtube.com/watch?v=0V51w6U4XMA
They do not give a shit about the current investors as they are now blocking any potential new investors, not that many would invest now that they have seen the size of the payouts.
Actually this is a big lie, don't you watch their q&a? The whole profits of the team and investors are depending on the operations, 10% team, 50% investors. If you wasn't aware of this it's your fault, it's no suprise, Icerock has said this very often. Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio.
So for your 20,000 ROCK2 tokens which at 50% Discount on ICO price cost you 10 Grand you received......wait for it...…...at whopping $27 dollars....at most. Do you feel proud? LOL $81.00 per month.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Dou you support such an egoisic behaviour? If I read your comments I get the impression that you do. We need companies like IRM to make a decentralized project and give profits to normal people. We don't need centralized mining farms controlling everything!!!!
Difficulty will be through the roof next year leading up to the halving and you are better off selling up and buying 1.5 BTC now than trusting these liars with your hard earned money.
The only liar here is you in addition making investment advices based on lies. They have lied about many things and continue to do so. Want me to list some of their lies? What the heck, just for you oh wise investor.
snip
You definitely haven't any exprience of doing such an large scale project and can't imagine what it takes for efforts. snip
And in addition you know nothing about crypto market in general. It's a surprise for you that 400% ROI isn't possible in the current market situation? Yeah? Have you looked up how the 400% werde calculated? I assume no
Market conditions have changed drastically, this is no surprise after BTC price spike in December.
These comments are speaking for themselves, that you would keep your plans until you crash in total, the movement of the farm to the warehouse is a great decision, they will expand it into a large scale operation saving costs for maintenance and make it a huge operation sharing the profits to everyone. We need such projects to keep mining decentralized instead of capitalist money maker farms.
5. They continue to lie on their videos and to their investors
Watch it again, your imagination is just amazing. You should become a truther. Ask Peter K. LOL
At least he is more educated it crypto business. I don't hate IRM, I think they are con artists who have deceived many people.......me included until I woke up but the problem is that they continue to LIE to their investors in the Telegram, every single day I read it there is bans, warnings, non-stop ass kissing and lots of promises and B.S from their monkey admins on there.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
How ignorant can someone be? They will never exit-scam, please stop telling your wishes! If they are scammers they would have already taken the money, now they are beginning the operations it's obvious that they are not interested to do a scam. They are well known, pictures and videos everywhere now, a scam would have taken them to prison, even direct after ICO. Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
Another investor visited IRM and a video will come out soon! Let's see your lies when this video is out, maybe you say it's a fake person, Dias in a costume or something like this.
I recommend everyone to watch this video and make your own opinion, if they are scammers. You'll not find any better mining project: https://www.youtube.com/watch?v=0V51w6U4XMA
lol you really did a full 180 from a few weeks ago
Not disagreeing just saying
Not disagreeing just saying
Sorry mate but i cannot access their telegram group, i remember i was there but now i am no longer in that group, i even searched their group but it says it does not exist.
A very dubious one is the answer.
They do not give a shit about the current investors as they are now blocking any potential new investors, not that many would invest now that they have seen the size of the payouts.
Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio.
So for your 20,000 ROCK2 tokens which at 50% Discount on ICO price cost you 10 Grand you received......wait for it...…...at whopping $27 dollars....at most. Do you feel proud? LOL $81.00 per month.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
Your figures are wrong and have not taken into account difficulty and price movements.
At best you will receive $100 per month in 2 or 3 months time. So in total your 10K will have given you around $400-$500 for a "cough" lifetime investment.
When do you expect to make your money back, some time in 2023?
Difficulty will be through the roof next year leading up to the halving and you are better off selling up and buying 1.5 BTC now than trusting these liars with your hard earned money.
They have lied about many things and continue to do so. Want me to list some of their lies? What the heck, just for you oh wise investor.
1. They lied about the calculations on the website
2. They lied about being paid in ETH and instead you are getting paid in ROCK2PAY a contract which THEY control, so they can cut off payments anytime they like, and just disappear from being online and your money is gone.....well it already is now anyway.
3. They lied about opening the Telegram to new investors.
4. They lied about the Cave itself, now they are using some dusty dirty shithole of a warehouse and have now gone against the whole concept of the "Cave Mining". (BTW if you question this in the Telegram.....Instant Ban. Have seen it 3 times now. I chat with them and they think I am an investor.
5. They continue to lie on their videos and to their investors and they ban people just for asking a question. They ban or warn for anything that is not an ass-kissing post. Ask Peter K. LOL
So tell me why would you trust these guys if the whole project is smoke and mirrors and they keep changing and moving away from EVERYTHING in their Whitepaper. That whole Whitepaper was just another LIE.
I don't hate IRM, I think they are con artists who have deceived many people.......me included until I woke up but the problem is that they continue to LIE to their investors in the Telegram, every single day I read it there is bans, warnings, non-stop ass kissing and lots of promises and B.S from their monkey admins on there.
Dias is a Criminal and so is Malik. Do not be surprised to see them arrested one day.
One last thing, one last LIE that I forgot, this new (actually old and rundown and full of dust and shit) warehouse they all of a sudden magically acquired from their electricity provider. (FOR FREE!!) Do you honestly believe that B.S?
They have planned to use that space the whole time and the cave was just an ICO gimmick to sucker people in.
Nothing is for free and power companies do not just giveaway their assets, and what happens if they want it back one day?
That will be their exit scam plan. "Sorry guys but the power company says we can no longer use the warehouse, we are working hard to find a new location.......which will never come.
They are liars and thieves and you might want to re-asses your investments. The value of Rock2 token based on the payouts is worth around $0.05 at most, they are using ICO money to artificially inflate the price. Why? Because they cannot lose if they do, they hold many tokens, 8.5 M from ICO and every token they buy back is more hashing power they do not need to supply to investors.
They are playing the long con.
If you cannot see that then you really need your head read.
IRM = Smoke and Mirrors, lies and deception.
Well I'm the so-called "idiot" with 20,000 ROCK2 tokens. The first payout I got was 0.114 Rock2Pay which can be converted to ETH in 1:1 ratio.
I think I've spent near 10,000 dollars on the ROCK2 tokens(average price $0.5). Currently they have 500 ASIC miners, will increase to 2000 miners as the next step, and the 2000 miners are about less than 10% spent of their ICO money.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
I think I've spent near 10,000 dollars on the ROCK2 tokens(average price $0.5). Currently they have 500 ASIC miners, will increase to 2000 miners as the next step, and the 2000 miners are about less than 10% spent of their ICO money.
So when it is running at full capacity, I'd expect 0.114x4x10=about 4.5 ETH/month. Given the current ETH price @$233, I'll be getting over 1000/month in payout. It's about 120% return annually when running at full capacity. I don't see this as a scam or bad investment, just takes some time.
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.
Sorry mate but i cannot access their telegram group, i remember i was there but now i am no longer in that group, i even searched their group but it says it does not exist.
It's because they blocked you
I aggree with all of the things you guys saying about IRM team. What a joke team...
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.
Sorry mate but i cannot access their telegram group, i remember i was there but now i am no longer in that group, i even searched their group but it says it does not exist.
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.
When rock token 1 sale was going on then there was only one private investor who now became adviser in rock 2 token sale. I remember to watch their cave videos and they were all based on Kazakhstan border.
I fear that if they went scam then their team will be vulnerable to investors justice easily.
at the very beginning it was known that is not save to do business in such miserable countries due to their legislation. It is not save investment environment there for investors like us. I fear that if they went scam then their team will be vulnerable to investors justice easily.
When rock token 1 sale was going on then there was only one private investor who now became adviser in rock 2 token sale. I remember to watch their cave videos and they were all based on Kazakhstan border.
I fear that if they went scam then their team will be vulnerable to investors justice easily.
I fear that if they went scam then their team will be vulnerable to investors justice easily.
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.
1. They are actually purchasing miners and are not a scam company.
LOL
Scam here is something that they knowingly inflated their business model and claimed things which don't look possible.
ROI = Return on investment since the payout is as far as i know per token you hold so if you hold 1 token or a million it will take the same time untill you get your money back.
So if you spent $5000.00 you will get a repayment of $5 for the next couple of months then after that multiply it by 3 when they get 1500 ASICS so your 5 Thousand dollar investment will see you earning a massive $25 per month.
Total scam.
Im glad to see you finally got what we have been saying for many months.
Yeah I admit I trusted and defended them but when I saw the claims being made and worked it out I realized I had made a huge mistake, thankfully I was able to get out only 2k down. BTW I think they are using ICO money to artificially inflate the price as every time someone dumps it magically goes back to $0.30. Either way they have scammed Millions out of people.
The only ones left are those who kiss their asses on Telegram like PeterK and Cryptominingking or whatever that fools name is. He has his tongue wedged so far up their asses they would need to ask him to remove it to take a dump.
Even funnier the idiot has 20 thousand ROCK2 and he is going to get a whopping $1.20 payment soon, it is so funny watching them in the Telegram talking about how great things are going to be when the reality is they will be lucky to ever see even half of the money they invested back in a lifetime. Especially in a bear market and with difficulty climbing so high.
1. They are actually purchasing miners and are not a scam company.
LOL
Scam here is something that they knowingly inflated their business model and claimed things which don't look possible.
The name is similar to Swiss Alps Mining. By the way, it's a scam too
https://shitcoinoffering.com/dead-snow-the-swiss-alps-mining-scam-ico/
You can read proofs and try to compare it
https://shitcoinoffering.com/dead-snow-the-swiss-alps-mining-scam-ico/
You can read proofs and try to compare it
I don't understand how you figure the amount of coins you hold affects your ROI it shouldnt.
Because the payments for mining are based on the amount of ROCK2 that you hold.So if you hold say 1000 ROCK2 you will get at most ($1.20) per thousand tokens - Per Month! And when they add the 1500 extra ASICS which are yet to be purchased and delivered that will then increase payments 3 fold so you are likely earning $4.60 per 1000 tokens - Per Month! (LOL)
So if you were to purchase 4000 ROCK2 tokens now @ around $0.30 it would cost you $1,200.00 to earn (AT MOST) $4.60 or $5.00 per month until more miners are purchased that is not taking into account difficulty rises.
What they also neglect to inform investors, although most should know is that there are 15 Million ROCK2 circulating, so everyone needs to be paid their share via smart contract.
Unless you own 100 to 500 thousand ROCK2 you will never see an ROI and even with that many once all miners are working in say 6 months then you will still not see an ROI.
They also deleted my truthful post on the main forum, that shows they have something to hide.
ROI = Return on investment since the payout is as far as i know per token you hold so if you hold 1 token or a million it will take the same time untill you get your money back.
Im glad to see you finally got what we have been saying for many months.
I don't understand how you figure the amount of coins you hold affects your ROI it shouldnt.
Because the payments for mining are based on the amount of ROCK2 that you hold.So if you hold say 1000 ROCK2 you will get at most ($1.20) per thousand tokens - Per Month! And when they add the 1500 extra ASICS which are yet to be purchased and delivered that will then increase payments 3 fold so you are likely earning $4.60 per 1000 tokens - Per Month! (LOL)
So if you were to purchase 4000 ROCK2 tokens now @ around $0.30 it would cost you $1,200.00 to earn (AT MOST) $4.60 or $5.00 per month until more miners are purchased that is not taking into account difficulty rises.
What they also neglect to inform investors, although most should know is that there are 15 Million ROCK2 circulating, so everyone needs to be paid their share via smart contract.
Unless you own 100 to 500 thousand ROCK2 you will never see an ROI and even with that many once all miners are working in say 6 months then you will still not see an ROI.
They also deleted my truthful post on the main forum, that shows they have something to hide.
I don't understand how you figure the amount of coins you hold affects your ROI it shouldnt.
My post below was posted to the main ANN thread, not sure if it will remain so posting it here as well.
Telegram it is NOT open to public
Yes I have now seen that, apologies for my incorrect information.
They have been saying they will open it but now are continually deferring. Much to the detriment of current token holders.
I will now quote myself and my position and thoughts about IRM to anyone who is interested. My previous comments in bold followed by my current thoughts
First payments will be 28/29 September to holders of ROCK2, they are expected to be on the low side as most miners have only been working a few days. I have since found out that payments are likely to be, according to many in the Telegram group for the current 500 ASICS running at around $1.20 per 1 Thousand ROCK2 as there is 15 Million of the tokens. Given some of that profit will be put back into buying more mining rigs then even if they have ordered (which I believe they are in the process of doing) the following 1500 ASICS, that still leaves a payment of around at a conservative figure of $5 per 1000 tokens per Month.
So say you had 30 thousand ROCK2 best you could hope for would be $150 in ETH per month for the next 2-4 months.
I had well over 20 thousand ROCK2 so I might have earned up to $100 - $150 in the next few months and even then, once they get more miners I still believe it is not going to be profitable at all for investors, unless of course you hold over 75,000 to 150,000 ROCK2 in your wallet you are going to be in the red and may not see your money back again, given that the current difficulty and the time taken for more miners to be purchased and installed and of course the current BTC price.
They are making an in-depth video to be released early October, probably answering many of the questions that some investors have. I believe this is still going to happen.
They plan on ordering 1500 more ASICS which will be flown (not trucked) to the Cave to put them at a total of 2000 ASICS running. As mentioned above, this will make very little impact on payments and a ROI is not even possible in the next 2 years by my calculations, unless you hold LARGE bags of ROCK2.
Eventually there will be 12-13 thousand Rigs mining exclusively for IRM and ROCK2 holders, the cave can handle 10 thousand Rigs and I am not sure where the others will be located. Again, I believe this is going to happen, these guys will purchase them but there is just too many addresses or ROCK2 tokens to pay out to for it to possibly ever be profitable.
So in a nutshell I think this is a very good investment to have that many miners working and exclusively for ROCK2 holders is a big deal, it will start off slow and build up to a big operation. So in a nutshell again, I was fucken wrong.
I should also note that I am not here to FUD IRM I still stand by my original comments that these guys are NOT scammers and they are actually buying minnig rigs and setting them up, however they did mis-represent the ROI in their calculator during the ICO. I admit again, that I should have clicked on the link which led you to the actual figure they were basing the ROI on, that being BTC at 14K, so while I should have delved deeper, they also should have made that perfectly clear on the actual calculator page, so there was some smoke and mirrors going on.
Luckily for me I invested in the ICO at the 50% discount early and then later loaded up with more ROCK2 when it was at around $0.20 - $0.23.
I have since sold ALL of my ROCK2 in the past 24 hours and managed to get away only being just over 2k Down and now have made some good buys while BTC is low, I will earn more HODLING BTC than I would if I stayed with IRM, that is my honest belief.
On a final note I will leave you with my thoughts about the whole project.
Positives
1. They are actually purchasing miners and are not a scam company.
2. The concept is good and they pay very little for electricity.
3. They are seemingly trying to do the right thing but are not really sure how to handle both PR and set up of rigs and other infrastructure all at the same time.
Negatives
1. There will be no ROI for anyone holding less than 50K ROCK2 for at least 2 years if at all.
2. Their calculator should have been more transparent and it should have been advertised very clearly that they are working off of a future predictive price rather than current.
3. They let the FUD get to them and by doing so locked everyone out of the Telegram and that is a big red flag for any project, if you cannot handle some fud in your chat then you are not moderating it well enough. Dias went from being very personable and responsive on this forum to becoming an arrogant dictator like person who seems to think that post ICO he can talk down to investors, ban them or outright just be an asshole to people.
That is not the mark of a professional company, that is the Kazak/Russian coming out in them, they should have hired a Western person for PR because whether they care to admit it or not by blocking people from joining the Telegram and having access to "Management" they are actually FUDDING their own project, and duping current investors.
If I was still invested in IRM I would want to see MORE people invest in IRM and therefore increase the price of the ROCK2 token but by taking the "fuck you it's our way or the highway" attitude they are halming their own project, not that they probably care as they have already made millions from the ICO, it is the other investors I feel sorry for.
So that is it from me, I believed originally in this project and defended it continually, but when push comes to shove, it is/was a fucken waste of time and money and I am glad that I got out with my shirt still on my back.
I wish all the current and future investors all the best but my advise would be that unless the token tanks and you can pick it up for less than $0.05 then you are wasting your money.
Peace out....
Telegram it is NOT open to public
Yes I have now seen that, apologies for my incorrect information.
They have been saying they will open it but now are continually deferring. Much to the detriment of current token holders.
I will now quote myself and my position and thoughts about IRM to anyone who is interested. My previous comments in bold followed by my current thoughts
First payments will be 28/29 September to holders of ROCK2, they are expected to be on the low side as most miners have only been working a few days. I have since found out that payments are likely to be, according to many in the Telegram group for the current 500 ASICS running at around $1.20 per 1 Thousand ROCK2 as there is 15 Million of the tokens. Given some of that profit will be put back into buying more mining rigs then even if they have ordered (which I believe they are in the process of doing) the following 1500 ASICS, that still leaves a payment of around at a conservative figure of $5 per 1000 tokens per Month.
So say you had 30 thousand ROCK2 best you could hope for would be $150 in ETH per month for the next 2-4 months.
I had well over 20 thousand ROCK2 so I might have earned up to $100 - $150 in the next few months and even then, once they get more miners I still believe it is not going to be profitable at all for investors, unless of course you hold over 75,000 to 150,000 ROCK2 in your wallet you are going to be in the red and may not see your money back again, given that the current difficulty and the time taken for more miners to be purchased and installed and of course the current BTC price.
They are making an in-depth video to be released early October, probably answering many of the questions that some investors have. I believe this is still going to happen.
They plan on ordering 1500 more ASICS which will be flown (not trucked) to the Cave to put them at a total of 2000 ASICS running. As mentioned above, this will make very little impact on payments and a ROI is not even possible in the next 2 years by my calculations, unless you hold LARGE bags of ROCK2.
Eventually there will be 12-13 thousand Rigs mining exclusively for IRM and ROCK2 holders, the cave can handle 10 thousand Rigs and I am not sure where the others will be located. Again, I believe this is going to happen, these guys will purchase them but there is just too many addresses or ROCK2 tokens to pay out to for it to possibly ever be profitable.
So in a nutshell I think this is a very good investment to have that many miners working and exclusively for ROCK2 holders is a big deal, it will start off slow and build up to a big operation. So in a nutshell again, I was fucken wrong.
I should also note that I am not here to FUD IRM I still stand by my original comments that these guys are NOT scammers and they are actually buying minnig rigs and setting them up, however they did mis-represent the ROI in their calculator during the ICO. I admit again, that I should have clicked on the link which led you to the actual figure they were basing the ROI on, that being BTC at 14K, so while I should have delved deeper, they also should have made that perfectly clear on the actual calculator page, so there was some smoke and mirrors going on.
Luckily for me I invested in the ICO at the 50% discount early and then later loaded up with more ROCK2 when it was at around $0.20 - $0.23.
I have since sold ALL of my ROCK2 in the past 24 hours and managed to get away only being just over 2k Down and now have made some good buys while BTC is low, I will earn more HODLING BTC than I would if I stayed with IRM, that is my honest belief.
On a final note I will leave you with my thoughts about the whole project.
Positives
1. They are actually purchasing miners and are not a scam company.
2. The concept is good and they pay very little for electricity.
3. They are seemingly trying to do the right thing but are not really sure how to handle both PR and set up of rigs and other infrastructure all at the same time.
Negatives
1. There will be no ROI for anyone holding less than 50K ROCK2 for at least 2 years if at all.
2. Their calculator should have been more transparent and it should have been advertised very clearly that they are working off of a future predictive price rather than current.
3. They let the FUD get to them and by doing so locked everyone out of the Telegram and that is a big red flag for any project, if you cannot handle some fud in your chat then you are not moderating it well enough. Dias went from being very personable and responsive on this forum to becoming an arrogant dictator like person who seems to think that post ICO he can talk down to investors, ban them or outright just be an asshole to people.
That is not the mark of a professional company, that is the Kazak/Russian coming out in them, they should have hired a Western person for PR because whether they care to admit it or not by blocking people from joining the Telegram and having access to "Management" they are actually FUDDING their own project, and duping current investors.
If I was still invested in IRM I would want to see MORE people invest in IRM and therefore increase the price of the ROCK2 token but by taking the "fuck you it's our way or the highway" attitude they are halming their own project, not that they probably care as they have already made millions from the ICO, it is the other investors I feel sorry for.
So that is it from me, I believed originally in this project and defended it continually, but when push comes to shove, it is/was a fucken waste of time and money and I am glad that I got out with my shirt still on my back.
I wish all the current and future investors all the best but my advise would be that unless the token tanks and you can pick it up for less than $0.05 then you are wasting your money.
Peace out....
Well great news guys they waved a magic wand that the cave just doubled in size !!:D room for 10.000 devices now must be due to all that ice melting.
Edit: they haven't even ordered the next 1500 miners that will be "flown in" .
Edit: they haven't even ordered the next 1500 miners that will be "flown in" .
its really scam!
LOL
I think current 'pump' of this token (I'm afraid it is artificial and looks like price manipulation. Token.store exchange doesn't looks reliable also), so anyway:
everyone who's doesn't have trust for this project or just know how to use calculator can leave it now.
Very rare for crypto - you can leave it without any looses (if you invested in ETH).
Personally I sell-off all this token way before. But any person could decide for itself.
everyone who's doesn't have trust for this project or just know how to use calculator can leave it now.
Very rare for crypto - you can leave it without any looses (if you invested in ETH).
Personally I sell-off all this token way before. But any person could decide for itself.
I can not understand, this token is already traded, at $ 0.23. I do not understand why this project is considered a scam.
They are promising something that can't be promised. A sure sign of a scam. They may be able to use investor funds to pump this a couple times, but make no mistake about it, they will not return >400% of your BTC like they say. If you can get out with your BTC, you would be wise to do so.
Sir you are Behind they did promise 400% @ a certain point in time but then they adjusted their claims I remember pics being posted claiming 720% returns .. well when I saw that I had to go allin sell the house the car the wife the kids #notonyourlife **(wildly waving a sarcasm sign)**.
Its allways a good sign when someone trying to sell u something is taking the Rise in btc price into their calculations.
I just posted this on the main thread.
I think there should be perspective from those actually invested in IRM as well as those with an agenda.
Firstly, I am invested in ROCK2 and have been for a while, and during ICO there were some scam accusations and they slowly built up to a crescendo that we are seeing now.
It was disappointing to see Dias stop answering any questions in here and TBH that got me a little worried, as I stated in a post.
Since joining the Telegram group I have seen first hand the comment's about people being banned and the Telegram locked to new members. (Also never a good sign)
I personally think the constant FUD, onslaught of questions, the responsibility of both responding to investors and setting up the project was more work than the team had envisaged, and this has put great pressure on them and in particular Dias.
They have adopted a "Positive Comments Only" policy in the Telegram which again I think is wrong. As long as people are asking legitimate questions, not FUD dressed up as a genuine question but actual real questions, then they deserve a right of reply, the same with new investors, if they hear that the Telegram is closed to new members to reduce fudding that in itself is a red flag so they are shooting themselves in the foot doing that.
In my opinion they should welcome new members (maybe they are now I am not sure) and they will soon weed out those there simply to FUD.
But getting back to one of my original points, I think Dias has taken the wrong approach in many ways here, that being that to be defensive one should be offensive, and there is no need for that, but again after months of being called a potential scammer I suppose it got to them and I hope now that the initial pressure is off of the team they take a break, sit back and re-assess their attitude on-line to investors and potential investors.
As for the scam accusations themselves, well I have never believed these guys are scammers, and they have posted videos of both the arrivals of the first lot of ASICS and the installation with an in-depth video in early October, which is a great thing. So anyone out there wondering if they are indeed scammers, my answer is no, if they were they would have taken the ICO money and run for the hills (or a cave ) but they have not done this and I believe they will follow through with this project and it will be successful.
With regards to the repayment amounts, I personally did not do my own due dilliegence well enough (My own fault not anyone elses) and just looked at the calculator without realizing it was based on an assumption of 14.5K BTC price.
That does not deter me from my investing in IRM because like many I know it is a case of when, not if, BTC will smash through previous records, and as for the difficulty, well that is anyones guess and where investing is similar to gambling right?
I could sell some of my ROCK2 now on exchange as I purchased at ATL as well as ICO, but overall I have faith that IRM are well intentioned and that eventually there will be profits for holders, and obviously others can see it too as the price has been steady for a long time now, and with first payments due end of this month followed by the video and ordering of 1200 or so new ASICS I think each month things will get better and better.
Some of you may disagree and that is fine, I am not here to tell anyone that they should invest in IRM nor am I here to tell anyone they shouldn't it is a personal choice/risk, like any investment but one thing I will say is these guys are NOT scammers, they have just cracked a little under pressure and whilst I have some sympathy for them with that, a more professional/friendly attitude on-line will see IRM earn some respect in the community instead of taking the confrontational approach.
Will post here how the payouts are, what they are like and also how the new Dashboard is and any other updates if anyone is interested.
I think there should be perspective from those actually invested in IRM as well as those with an agenda.
I see that every day that goes by this is going to get worse, it costs so much to have a minimum of education? Please, we are not children.
Allow me to give my perspective on this.Firstly, I am invested in ROCK2 and have been for a while, and during ICO there were some scam accusations and they slowly built up to a crescendo that we are seeing now.
It was disappointing to see Dias stop answering any questions in here and TBH that got me a little worried, as I stated in a post.
Since joining the Telegram group I have seen first hand the comment's about people being banned and the Telegram locked to new members. (Also never a good sign)
I personally think the constant FUD, onslaught of questions, the responsibility of both responding to investors and setting up the project was more work than the team had envisaged, and this has put great pressure on them and in particular Dias.
They have adopted a "Positive Comments Only" policy in the Telegram which again I think is wrong. As long as people are asking legitimate questions, not FUD dressed up as a genuine question but actual real questions, then they deserve a right of reply, the same with new investors, if they hear that the Telegram is closed to new members to reduce fudding that in itself is a red flag so they are shooting themselves in the foot doing that.
In my opinion they should welcome new members (maybe they are now I am not sure) and they will soon weed out those there simply to FUD.
But getting back to one of my original points, I think Dias has taken the wrong approach in many ways here, that being that to be defensive one should be offensive, and there is no need for that, but again after months of being called a potential scammer I suppose it got to them and I hope now that the initial pressure is off of the team they take a break, sit back and re-assess their attitude on-line to investors and potential investors.
As for the scam accusations themselves, well I have never believed these guys are scammers, and they have posted videos of both the arrivals of the first lot of ASICS and the installation with an in-depth video in early October, which is a great thing. So anyone out there wondering if they are indeed scammers, my answer is no, if they were they would have taken the ICO money and run for the hills (or a cave
) but they have not done this and I believe they will follow through with this project and it will be successful. With regards to the repayment amounts, I personally did not do my own due dilliegence well enough (My own fault not anyone elses) and just looked at the calculator without realizing it was based on an assumption of 14.5K BTC price.
That does not deter me from my investing in IRM because like many I know it is a case of when, not if, BTC will smash through previous records, and as for the difficulty, well that is anyones guess and where investing is similar to gambling right?
I could sell some of my ROCK2 now on exchange as I purchased at ATL as well as ICO, but overall I have faith that IRM are well intentioned and that eventually there will be profits for holders, and obviously others can see it too as the price has been steady for a long time now, and with first payments due end of this month followed by the video and ordering of 1200 or so new ASICS I think each month things will get better and better.
Some of you may disagree and that is fine, I am not here to tell anyone that they should invest in IRM nor am I here to tell anyone they shouldn't it is a personal choice/risk, like any investment but one thing I will say is these guys are NOT scammers, they have just cracked a little under pressure and whilst I have some sympathy for them with that, a more professional/friendly attitude on-line will see IRM earn some respect in the community instead of taking the confrontational approach.
Will post here how the payouts are, what they are like and also how the new Dashboard is and any other updates if anyone is interested.
I can not understand, this token is already traded, at $ 0.23. I do not understand why this project is considered a scam.
They are promising something that can't be promised. A sure sign of a scam. They may be able to use investor funds to pump this a couple times, but make no mistake about it, they will not return >400% of your BTC like they say. If you can get out with your BTC, you would be wise to do so.
I can not understand, this token is already traded, at $ 0.23. I do not understand why this project is considered a scam.
This day will be the day that they will be an exit scam judging by the fact that there Telegram group has turns to be a private group now.
https://www.instagram.com/p/BmiM703hoZl/?utm_source=ig_twitter_share&igshid=82ns9hui3goq
Here is the latest video. I hope its real and that they start mining soon. I did invest in this a small amount. I have wondered for months if i would ever see any of that money back. Well it seems as if they just got 500 miners. Lets see what happens.
Here is the latest video. I hope its real and that they start mining soon. I did invest in this a small amount. I have wondered for months if i would ever see any of that money back. Well it seems as if they just got 500 miners. Lets see what happens.
It's a scam. I guarantee it.
They don't have a single s9 miner they are running. They are lying and deceiving everyone and I wish they get caught by the proper authorities.
https://www.instagram.com/p/BmiM703hoZl/?utm_source=ig_twitter_share&igshid=82ns9hui3goq
Here is the latest video. I hope its real and that they start mining soon. I did invest in this a small amount. I have wondered for months if i would ever see any of that money back. Well it seems as if they just got 500 miners. Lets see what happens.
Here is the latest video. I hope its real and that they start mining soon. I did invest in this a small amount. I have wondered for months if i would ever see any of that money back. Well it seems as if they just got 500 miners. Lets see what happens.
which opinions are correct, one of the opinion says scam and some are still supportive, because I have joined on its ICO and already get ROCK tokens in my myetherwallet, I begin to worry about this project
Ice Rock posted you tube videos saying they had the first 100 S9 mining rigs set up in February 2018 and by July I think had added more (but not many). The goal is to eventually have 5000 miners up and running but right now with only a few hundred machines installed the payouts (if any) will be very small.
Ice Rock needs to think more about its rig buying strategy and communicate to ROCK2 token holders just how many miners will be bought and when (what is the projected miner count number increase over time?).
In my opinion Ice Rock should have been more realistic with their time line. It is unclear if the ICO raised enough money to buy all 5,000 mining rigsat once or just a portion with more to be added from on going mining.
It would be unrealistic to think Ice Rock could buy thousands of machines and have them installed and running for an August launch date (with passive dividend payments) considering their ICO just ended.
Again, poor project management by a young, inexperienced team.
Hopefully they continue to add mining rigs and eventually start payouts. They have a great use case idea for collective mining. I hope they succeed to prove all the people saying this project is a scam wrong!
I keep buying tokens at 0,32$-0,34$ since weeks, enjoying the low prices. Once we get out of the bear market and the miners are running, this could be a very good business. Calling it "a scam" is dumb and unfounded. Bitconnect was a scam. This is just another young project with a sales pitch that was improbable, but if you do your own calculation, you know that you can get your ROI in a longer period of time, which for me is perfectly fine, specially if I got the tokens at 1/3 price of the ICO.
Can you share where you buying them? Only place i found so far is ForkDelta
Token.store
Obvious scam is obvious.
I tried to warn the community of this. The numbers were so bad and the promises so impossible, I didn't think I needed to do anything else to point out that it was a scam.
which opinions are correct, one of the opinion says scam and some are still supportive, because I have joined on its ICO and already get ROCK tokens in my myetherwallet, I begin to worry about this project
I keep buying tokens at 0,32$-0,34$ since weeks, enjoying the low prices. Once we get out of the bear market and the miners are running, this could be a very good business. Calling it "a scam" is dumb and unfounded. Bitconnect was a scam. This is just another young project with a sales pitch that was improbable, but if you do your own calculation, you know that you can get your ROI in a longer period of time, which for me is perfectly fine, specially if I got the tokens at 1/3 price of the ICO.
Can you share where you buying them? Only place i found so far is ForkDelta
I don't see a scam. The numbers they give for ROI are possible, but improbable.However they have installed new cabling for the power demand of the miners already, ordered 500 S9 Miners (only 10% of the investment for miners, like the majority of token holders voted) and are gonna get the new Bitmain model as soon as it comes out. They might not be the most experienced guys in this business but they seem legit.
The level of humidity would only be a problem if your devices get cold and condense the water, which will never happen if they are on 100% of the time, which is the case in a mining facility. I run back in 2013 around 7 GPUs on 2 computers on my balcony during 7months nov 2013 through may 2014 and they were outside. It didn't matter how cold or how much humidity, the flow of air and the higher temperature of the devices in relation to the environment avoids any kind of condensation problems that could damage the circuits. Actually high levels of humidity would only help dissipate heat better since humid air is more difficult to change its temperature (specific heat).
I keep buying tokens at 0,32$-0,34$ since weeks, enjoying the low prices. Once we get out of the bear market and the miners are running, this could be a very good business. Calling it "a scam" is dumb and unfounded. Bitconnect was a scam. This is just another young project with a sales pitch that was improbable, but if you do your own calculation, you know that you can get your ROI in a longer period of time, which for me is perfectly fine, specially if I got the tokens at 1/3 price of the ICO.
The level of humidity would only be a problem if your devices get cold and condense the water, which will never happen if they are on 100% of the time, which is the case in a mining facility. I run back in 2013 around 7 GPUs on 2 computers on my balcony during 7months nov 2013 through may 2014 and they were outside. It didn't matter how cold or how much humidity, the flow of air and the higher temperature of the devices in relation to the environment avoids any kind of condensation problems that could damage the circuits. Actually high levels of humidity would only help dissipate heat better since humid air is more difficult to change its temperature (specific heat).
I keep buying tokens at 0,32$-0,34$ since weeks, enjoying the low prices. Once we get out of the bear market and the miners are running, this could be a very good business. Calling it "a scam" is dumb and unfounded. Bitconnect was a scam. This is just another young project with a sales pitch that was improbable, but if you do your own calculation, you know that you can get your ROI in a longer period of time, which for me is perfectly fine, specially if I got the tokens at 1/3 price of the ICO.
be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
It was my understanding that Rock1 and Rock2 ICOs were run differently using different mining strategies.
For Rock1 you needed to buy the Rock1 tokens and then use those tokens to buy (active) mining contracts each month. You get paid per contract. If you simply held the Rock1 tokens in your wallet then you would get no mining payout.
Rock2 is passive meaning if you buy this token and hold it in your wallet that is registered with Ice Rock then you get payouts from their collective mining.
Perhaps you got no Rock1 payouts because you did not read the white paper or website carefully to understand how income is generated?
If this is the case that you did not actually buy mining contracts with your Rock1 tokens then, sorry, but this is your mistake and not Ice Rock.
I heard in the Ice Rock telegram group that the Rock1 payouts were delayed and less than expected but they did do payouts.
The Ice Rock team seems *VERY* inexperienced with project development and management. They may not be a scam but just muddling their way through setting up their mining businesses for Rock1 and 2 post ICO.
I remember once i was contacted by them to develop the ICO dashboard and for them i even contacted my local friend who could had done this but they went silent after hearing the service price. Though i never felt them as scam dont know why their model failed.
Hello,
I fully understand your reactions.
To my opinion, they are not scammers and have a good sense of honor....But they started this project with a huge lack of experience and not at the right time at all.
I anyway believe in this project (long term view) because it's true that energy in KZK is extremely cheap and because the premise is great.
It's hard to find better conditions for mining...
Let's see! That's the game...as long as they are working on the project you can't say they are scammers.
Marcel
I fully understand your reactions.
To my opinion, they are not scammers and have a good sense of honor....But they started this project with a huge lack of experience and not at the right time at all.
I anyway believe in this project (long term view) because it's true that energy in KZK is extremely cheap and because the premise is great.
It's hard to find better conditions for mining...
Let's see! That's the game...as long as they are working on the project you can't say they are scammers.
Marcel
This is a reasonable, if generous, point of view to a certain extent.
However their "sense of honor" didn't extend to amending the "theoretically possible in freak conditions" ROI claims that they were continuing to make while the ICO funding was going on, despite them being wildly optimistic and misleading. Caveat Emptor, I guess.
There is no knowing how long this high difficulty/low price scenario will extend for and, whilst IR have no choice but to small scale mine with virtually unprofitable S9's, the ROCK token holders will receive dust payments, if any.
Ice Rock have now all but abandoned their media contact with investors and refuse to be honest about the ROI situation, so not much "honor" there either.
They still found time to delete this factual post tho
We will not change our business model.
How are you going to pay your maintenance and electricity bills if you don't? 20% is not enough given the real world situation now prevailing.
Is your business plan "hope that the BTC price goes up"?
Anyway, you have already changed your business model, your white paper is part of it and the road map says quite clearly
how much would 10,000 rock2 return when bitcoin is at 10,000kusd? any way to tell? its going to be pretty much like 70-120 a day im thinking
or 50-80 usd a day
...
or 50-80 usd a day
...
When Bitcoin first hit $10k (Dec '17) the difficulty was 1,347,001,430,558, with 9,642 PH/s hashing.
These have both increased by a factor of ~4 in the last seven months.
Before operating costs, now 1 TH/s would gross ~$15 per month at current difficulty if the price was $10000, whereas at Dec's lower difficulty that would have been ~$57.
It is extremely unlikely that we will see December level profitability again, certainly in the near future. That anomalous (freak) rate of return was what IR decided to use as typical for the future, with their 357% etc. ROI nonsense.
How much each token will receive depends on how much hashrate output is allocated to it, which in turn depends on how many miners are being deployed. With the small amount of mining actually being currently done, any ROI per token will be minimal.
As I pointed out in a previous post (not deleted yet), there is also the question of the 20% operating cost allocation.
Whilst miners that consume more than 20% of their output in operating costs (like the S9's do now and will probably continue to do so) are being used, it must be asked, "Where is the extra money coming from to pay the bills, from what account?"
There are three possible options:
1)From the 20% re-investment allocation
2)From the 50% profit distribution
3)From the Ice Rock 10% retention
If they choose 1) or 2), then they are effectively using (your) previous invested money to pay (you) dividends, which is a classic definition of a P*nzi Scheme.
Meanwhile ROCK2 tokens are trading around $0.26, bounty tokens and commission payments are delayed....
Everyone who are serious on crypto/at least stock markets are well know that %400 roi is impossible. When you hear such as guaranteed profit you should stay away and keep safe your pocket money.
Hello,
I fully understand your reactions.
To my opinion, they are not scammers and have a good sense of honor....But they started this project with a huge lack of experience and not at the right time at all.
I anyway believe in this project (long term view) because it's true that energy in KZK is extremely cheap and because the premise is great.
It's hard to find better conditions for mining...
Let's see! That's the game...as long as they are working on the project you can't say they are scammers.
Marcel
I fully understand your reactions.
To my opinion, they are not scammers and have a good sense of honor....But they started this project with a huge lack of experience and not at the right time at all.
I anyway believe in this project (long term view) because it's true that energy in KZK is extremely cheap and because the premise is great.
It's hard to find better conditions for mining...
Let's see! That's the game...as long as they are working on the project you can't say they are scammers.
Marcel
It will be nice to see some regulations in the cryptospace, Cloud mining scams were prevalent in 2016 and 2017.Before you invest in any cloud mining stuff,there should be evidence of a real farm,not ponzi schemes like those done by hashOCEAN.Be careful with any investment.Too many scams.
This was an obvious scam from the start. I feel bad for the investors but they should have done more research. Just the name alone sounds super scammy, ICE rock mining, give me a break. They promised unrealistic returns like always and people still get sucked in.
That's exactly right. It was honestly as obvious as it possibly could have been, and yet people's greed still take over their judgment when they make the decision of investing, just because there are a few seemingly legit promo vids and some real life spokespeople.
Like if you look at their calculator for profits, you'll see that your ROI per year will be 400% or more.
That's either misleading advertising, or scam. No way they will actually provide guaranteed profits like that. As far as I'm concerned in both of these possibilities, it means that Ice rock is a shady company people need to stay away from.
This was an obvious scam from the start. I feel bad for the investors but they should have done more research. Just the name alone sounds super scammy, ICE rock mining, give me a break. They promised unrealistic returns like always and people still get sucked in.
A couple of cross posts from their self modded thread
With all the rumors of new miners coming out soon buying bulk s9 ballzy move.
Isn't it just? I guess they feel the need to start generating some income, any income....that ROI needs paying, but they ain't going to do it with S9's.
They are immediately available and cheap tho, so maybe the cave will be humming by say early July? (Obv. no June profit= no June payment?)
On current difficulty and price, I estimate 30 days mining with 500 X 'averaged out S9's' will return something in the region of $60k gross.
That breaks down as
50% return to investors of $30k
20% retained for reinvesting $12k
20% expenses $12k
10% IR keep $6k
Three questions:
What's the ROI on all the tokens sharing $30k return between them? "400% annualized?" Na.....
When do they reinvest the $12k what do they buy, when does it come online and start earning?
At $0.03 per kWh, in 30 days 500 S9's will use about $17,000 of electricity. How does that $17k come out of $12,000 allowed for all expenses, including electricity, staff, security etc.?
You can buy and sell rock2 tokens here:
https://token.store/trade/0xc16b542ff490e01fcc0dc58a60e1efdc3e357ca6
They are currently under ICO price.
https://token.store/trade/0xc16b542ff490e01fcc0dc58a60e1efdc3e357ca6
They are currently under ICO price.
With all the rumors of new miners coming out soon buying bulk s9 ballzy move.
Isn't it just? I guess they feel the need to start generating some income, any income....that ROI needs paying, but they ain't going to do it with S9's.
They are immediately available and cheap tho, so maybe the cave will be humming by say early July? (Obv. no June profit= no June payment?)
On current difficulty and price, I estimate 30 days mining with 500 X 'averaged out S9's' will return something in the region of $60k gross.
That breaks down as
50% return to investors of $30k
20% retained for reinvesting $12k
20% expenses $12k
10% IR keep $6k
Three questions:
What's the ROI on all the tokens sharing $30k return between them? "400% annualized?" Na.....
When do they reinvest the $12k what do they buy, when does it come online and start earning?
At $0.03 per kWh, in 30 days 500 S9's will use about $17,000 of electricity. How does that $17k come out of $12,000 allowed for all expenses, including electricity, staff, security etc.?
i invested în rock1 in october 2016 and nothing happend.
Have their ICO been going since 2016? How much did you invest? Perhaps the price has grown tenfold since that time.
be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
The people running ICE ROCK mining are full of shit. The Admins there are always threatening to ban people for posting messages that they do not 'like' to hear. Any negativity towards mining in general or any form of criticism towards the team or their decisions are faced with account ban in Telegram Chat and your messages deleted. Simply because they can't handle the truth and they simply do not respect investors time and money.
Up to the very last day of the ICO, their Admin named Jesus was saying everything is on track and that orders will be placed for miner at the end of May, delivery of miners will take place in June and mining will start in July and first payment of dividends will take place on 29th July. Just 5 days after the close of their ICO, the scene has totally changed and they are now saying they are waiting for new generation of miners and will wait 3-4 months or even more for new generation of miners. Full of shit people.
Just stating the facts on their Telegram chat faces a ban and your messages deleted, because they are a big bunch of irresponsible people and can't handle the truth.
i invested în rock1 in october 2016 and nothing happend.
Tell us a bit more detail about that transaction. It's quite a long time ago.
Quote from: IceRock
*439% ROI*
I invested in ROCK1 in october last year, initialy they said that starting 1st feb they will start to mine, then at the end of feb, now its almost the end of march and it someone told me that they have sold out all mining contracts. they say that the initial funds raised are still in BTC and eth and they were hit by this crypto reccesion. i dont have much info cuz they banned me from their telegram channels... someone told me that they look like some kids who dont know what they are doing rather than some pro scammers. I dont know anything for sure at this moment. the only thing that is for sure is that i invested in ROCK1 and now they said that all mining contracts are sold out..
be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
I sent the Ice Rock mining an investment inquiry .. i asked them if they could tell me what would be the suspected moisture and humidity levels in the cavern when they are at full capacity... i never got a response back..
You may think this a silly.. but think about it.. dry ice cavern. Just wondering how many miners would it take to change the cavern environment.. Im not to impressed with their racks...
be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
In 2016 that you made the investment, a novice in crypto world knows that anything related to cloud mining has 99% chance to turn to scam but you chose to add to their money by going there to invest because of the returns they surely must have promised which in this case would never come. I wonder why you have to wait 2 years after before you try to warn people, I guess you were hoping that your money will come eventually but unfortunately the day you sent that transaction if its bitcoin, the moment it has one confirmation, that is the end. You done you part in bringing awareness, you can only wish it helped someone from making such rash decision.
i invested în rock1 in october 2016 and nothing happend.
Tell us a bit more detail about that transaction. It's quite a long time ago.
Quote from: IceRock
*439% ROI*
be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
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