Ice Rock Mining ICO Review (ROCK2)

A very promising ICO is from Ice Rock Mining. (ROCK2)

What makes Ice Rock Mining so promising among all the other ICOs?

Ice Rock Mining will enter into the bitcoin mining market and has developed its own concept:

The CEO, Malik Murzashev, has founded a new Bitcoin Mining, which has developed a new system in a mountain to install in a former soviet bunker 5.000 ASICS. The area is located in southern Kazakhstan near Almaty. The actual coordinates are available on request from the ICO chief, Dias Kurmanov.

Ice Rock wants to mine Bitcoin in this tunnel system in the mountain. The location in the mountain offers the following advantages over conventional providers:

• A constant low temperature in the mountain (about 10 to 12 degrees), which means no cost for active cooling of the hardware. Due to the big tunnel system, the wall surface is very large and thus gives off a lot of coolness to the environment.
• No cost of rent, as the owner, CEO Malik Murzashev, already owns the facility. In addition, no new buildings need to be built for this, as is necessary at many large mining centers.
• The energy for the mining comes from a near hydroelectric power plant, Ice Rock has already signed a contract. The electricity prices there are only 3 cents / KWh and the energy source is also 100% renewable.

How are Ice Rock Minings financials of their mining profits?

50% payout to owners of ROCK2
20% reinvestment in new equipment to increase mining power
20% repair and maintenance costs
10% Ice Rock Mining Team

The funding for the future development is therefore very transparent, many other providers do not show this.
So at Ice Rock Mining, 70% of the revenue goes to the customer (50% direct and 20% through reinvest in new ASICS). 30% go to Ice Rock.

How does it work with the ROCK2 tokens?

In the currently running ICO, the ROCK2 tokens are now being offered for sale (until 25.05.2018, if they have not been sold out before). When mining starts in July, the people who own those tokens get their mining revenue.

The Smart Contracts developed by Ice Rock Mining automatically detects, how many ROCK2 tokens are on which ETH address and send the monthly profits to those addresses, depending on how many tokens you own. It is paid in Ethereum.

The calculation of an ROI of more than 400% in one year, despite the favorable conditions, I think is very optimistic. In this regard, I had asked Dias Kurmanov by mail how he got such a high ROI and he said the calculation was based on a Bitcoin price of $ 13,500 and a difficulty from the beginning of January. Since the difficulty has increased by about 35 percent and the Bitcoin is "only" at $ 8,500, I think a ROI of 150 to 200% according to the current situation is more realistic, but which is still very good.

The project is currently still in the ICO, but there are already 300 Antminer S9 (Hashrate 13,5 TH / s) in the cave, so there are already references and you do not invest in something completely unknown. With such a project, I also consider these tests to be very important, that you do not invest without references and the team has already some experience.

A positive aspect too from Ice Rock is the great transparency of the project, like many videos about the current activity. Just such transparency is very rare in the mining business.

Overall impression, I think, this concept could displace major mining companies, as the cost factors in the highly competitive mining business clearly speak in favor of Ice Rock.

What could be the biggest advantage of Ice Rock against actual companies like Hashflare is that Ice Rock offers no contracts to buy, but instead tokens that can be resold at any time.
At Hashflare the purchased contract expires without getting money back from your bought hardware after only one year (!!), the only thing you have are your mining-profits. At Ice Rock Mining you have your mining-profits and the value of your token, you can sell, whenever you like it. So it’s additionally not limited to 1 year like Hashflare: Ice Rock is lifetime.

These ROCK2 token can be sold someday, but you do not have to, because who wants to sell something that gives very high profits?
This token system, Ice Rock has a huge advantage over the established competitions. It's a brand new funding system, in my opinion, will invalidate the current contract system (like Hashflare).

And it is very realistic, that the value of ROCK2 tokens will be soon much more.

CEO Malik Murzashev, technical director Mikhail Pluzhnikov and ICO-Manager Dias Kurmanov. But in the team are much more people for IT, Blockchain and technical installation.

Of course, there are always uncertainties with ICOs, you should remember that. Investing in cryptocurrencies is always risky. Still, I think all the factors, such as the team's transparency, idea, and commitment, could make an investment very profitable.

Financials	Details
Max. supply	23.000.000 ROCK2
Softcap	none
Hardcap	13.500.000 USD
Price per ROCK2	1 USD
KYC / Whitelist	none
ICO end	25.05.2018
Bonus	14.03 - 20.03 +30%
"	21.03 - 03.04 +25%
"	04.04 - 17.04 +20%
"	18.04 - 01.05 +15%
"	02.05 - 15.05 +10%
"	16.05 - 25.05 +5%

Ice Rock Mining Webseite
Whitepaper
Telegram
Twitter
Video (Youtube)

Here I've outsourced a tutorial how to invest in this ICO.

What is your opinion?