The Icerockmining project. Mining in a secret bunker of the times of the USSR? Is that possible?

Interesting ways to achieve nice profits, I currently see in ICOs (initial coin offerings), are offered at the Coins a new project for the first time.

A very promising initial coin offering is currently being carried out by Ice Rock Mining.
These are just offering their ROCK2 named coins.

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

Ice Rock Mining wants to enter the bitcoin mining market and has developed its own concept:

The CEO, Malik Murzashev, who has been mining bitcoins since 2012, has bought the Kazakh government an old Soviet bunker built as a tunnel system into a mountain, which was of no use after the end of the Cold War, and a large one Area of the surrounding area. The whole is located in southern Kazakhstan near Almaty. The exact coordinates are available on request from ICO Chief Dias Kurmanov.

Stollen before installing the equipment.

Ice Rock wants to operate bitcoin mining in this sprawling tunnel system in the mountain. The location in the mountain offers the following advantages compared to conventional providers:

a constant low temperature in the mountain (about 10 to 12 degrees), resulting in virtually no cost for active cooling of the plants. Due to the extensive tunnel system, the wall surface is very large and thus gives off a lot of coolness in the environment.
No costs for rent, as the owner, CEO Malik Murzashev, already owns the facility. Furthermore, no new buildings have to be built for this, as is necessary with many large mining centers.
the energy for the mining comes from a nearby hydroelectric power plant, with which Ice Rock has already signed a contract. The electricity prices there is only 3 cents per kilowatt hour and the energy source is also 100% renewable.

How is Ice Rock Mining financed:

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

The financing for the future development is therefore very conclusive here, with many other providers, however, you can not see this.
So at Ice Rock Mining, 70% of the revenue goes to the customer (50% direct and 20% through reinvest in new assets). 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, use the people who own those tokens to get the mining revenue.

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

The project is currently still in the ICO, but there are already 300 Antminer S9 (Hashrate 13.5 TH / s) in the mountain, 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 that you already have some experience.

What is also positive about Ice Rock is the great transparency of the project. many videos about the current state. Just such transparency is very rare in the mining business.

Test of the Antminer S9, in the tunnel.

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

All in all, I think that 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 has been said in relation to the hitherto existing providers, such as e.g. Hashflare, perhaps the biggest benefit, is that Ice Rock offers no contracts to buy but instead tokens that you can sell again at any time.
While e.g. with Hashflare the purchased contract expires without substitution after one year (!!), one has additionally the value of the tokens with Ice Rock.
These can then someday be sold, but they do not have to, because who wants to sell something that yields very good returns? Because when you sell the ROCK2 tokens, you get yourself no return, but only the new owner.
With this model, Ice Rock has a decisive advantage over the established competition. It's a brand new funding system that, in my opinion, will invalidate the current contract system (like Hashflare).

And I think that the value of tokens that drop high current yields while you do not have to do anything about it will be very high.

Of course, the price of bitcoin and the mining difficulty will always play a big role, but in the end it will be about which mining company offers the best concept. There Ice Rock is very far ahead.

CEO Malik Murzashev, technical director Mikhail Pluzhnikov and ICO manager Dias Kurmanov. There are many more technicians and IT developers in the team.

This article should not be investment advice, just an introduction to the ICO.
Investing in cryptocurrencies is always risky and there are many imponderables, especially with ICOs. Many factors are very positive in this ICO, such as transparency, idea and commitment of the team, so my idea fell on this project. I advise everyone to do their own further research before investing themselves:

financial details
Max. Supply 23,000,000 ROCK2
Softcap no
Hardcap $ 13,500,000
Price per ROCK2 1 USD
KYC / Whitelist is none

ICO end 25.05.2018
Discount levels 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%

Web: https://icerockmining.io/
Whitepaper: https://drive.google.com/file/d/1h8Njerb8qePWsjxrAon4jgHg--nt_cF1/view
Telegram: https://t.me/joinchat/Emenog0u3kyNRusZjFbFWA
Twitter: https://twitter.com/icerockmining
Facebook: https://www.facebook.com/IceRockMiningICO/
Author: https://bitcointalk.org/index.php?action=profile;u=1287832