The Ice Rock Mining company has ambitiously launched two initial coin offerings for cryptomining. The first (ROCK1 tokens) uses a cloud mining model, while the second (ROCK2 tokens) uses a collective profit-sharing model.
Ice Rock Mining offered a tiered bonus for token buyers during both its ROCK1 and ROCK 2 ICOs starting at 50%. Now with just 8 days left before the initial coin offering (ICO) for ROCK2 tokens ends there is still a 5% token bonus available when investors buy these tokens from May 16th to May 25th. The token price remains at: 1 ROCK2 token costing $1 USD. The minimum investment is $100 USD in BTC or ETH.
About ROCK1
The ROCK1 main ICO was held between October 9 and November 7, 2017. ROCK1 tokens were priced at $0.50 USD during its ICO while ROCK2 tokens are priced at $1 USD.
The ROCK1 project gives the token holders the right to purchase IRM mining capacity according to the pricing plan initially outlined in the whitepaper. In this way investors buy mining contracts and receive payouts based on the number of mining contracts they bought. Through its ROCK1 mining the company offers individuals standard and tailored packages for mining capacity that can be purchased. The project offers “turn-key” mining services through their cloud mining service where token holders buy contracts or mining stakes to realize return on investment.
For ROCK1 the cave already has around 100 ASICs and 140 GPUs, this equipment is used to mine cryptocurrency for the participants of the first phase of the Ice Rock Mining project (for ROCK1 token holders).
About ROCK2
The ROCK2 main ICO was held starting on January 12 running until May 25, 2018. ROCK2 tokens operate differently with token holders receiving a collective 50% stake in bitcoin mining paid monthly as a dividend. Half the total of whatever bitcoin is mined is then divided amongst token holders.
ROCK2 tokens for the current ICO can be purchased through the Ice Rock Mining website after registration.
The equipment for the second phase according to the roadmap will be installed and launched in July 2018 for ROCK2 token holders.
Summary
It’s ROCK2 token and mining set up remains one of the most interesting “use cases” with its collective approach to mining. The 50% profit distribution sets it apart from other cloud mining operations (including its first phase ROCK1 cloud mining operation).
For more information:
Ice Rock Mining website: https://icerockmining.io/en.html
Ice Rock Mining whitepaper (available in several languages): https://drive.google.com/drive/mobile/folders/1wgCA7H7Ob1QfZG5Z3c-8bND43ansH7t5
Social Media Links:
Bitcoin talk forum: https://bitcointalk.org/index.php?topic=2781356.new#new
Facebook: https://www.facebook.com/IceRockMiningICO/