Ice Rock Mining, found online at IceRockMining.io, promises to offer profitable mining “on the cold mountain”.
Find out what that means today in our Ice Rock Mining review.
What Is Ice Rock Mining?
Ice Rock Mining is a cryptocurrency mining operation that claims to use “the natural gift of the mountain” to help them solve a number of mining problems, including “cooling, power consumption and construction of capital facilities.”
Using a cold mountain as its mining environment, the company claims to have no cooling costs. They also claim the cost of electricity is just $0.03 per kWh (the average cost in North America is around $0.12 per kWh, while Europeans pay as much as $0.40 or $0.50 per kWh).
The developers also claim there are no costs for the construction of the facilities or premises and no rental costs. Plus, they service and supply all of the equipment themselves. The mining operation will only target the most profitable cryptocurrency.
Where Is Ice Rock Mining Located?
Based on the information above, you’d have to assume that Ice Rock Mining is based in some secret military bunker inside of a mountain. Well, that’s exactly where the company is located.
The mining farm is located in a former secret bunker in Almaty, Kazakhstan. The bunker was built by the Soviet Union in the 1950s, when they created huge mountain bunkers in the event of nuclear war. They cut out caves in the mountains of Kazakhstan, although these caves were designed to accommodate technical equipment. Ice Rock Mining has combined Soviet technologies with cryptocurrency mining.
Another advantage of the Ice Rock Mining farm is that it’s located near a reservoir with a hydroelectric power station. It’s also in the countryside, which allows the farm to access a cheaper rate for electricity due to a Kazakhstan subsidy for agrarian businesses.
Plus, the cave has a natural temperature of 12 degrees (Celsius) throughout the year. That means there’s no need to run cooling equipment for video cards and miners.
Ultimately, all of these features combine to reduce capital and maintenance costs by 25%, making Ice Rock Mining more efficient than its competitors.
The Ice Rock Mining Token Sale
The company is seeking to sell ROCK tokens to raise money for its mining project. The ROCK token is an ERC20 Ethereum token which gives the right to purchase IRM capacity according to the pricing plan outlined in the whitepaper.
88% of the total supply of tokens will be sold through the crowdsale. The remaining 10% will be reserved for the team and consultants, while 2% will be reserved for bounties.
The pre-sale is scheduled for September 25 to October 1, with the main ICO taking place between October 9 and November 7.
The company will begin engineering work and equipment purchasing between November 13 and November 30, with an official launch date of December 20 to December 23. The first official report will be published on January 25, 2018.
By February, Ice Rock Mining will begin buying back tokens for $2 USD per 1 token. The second pre-sale and ICO are taking place in February and March.
Who’s Behind Ice Rock Mining?
Ice Rock Mining is led by CEO Malik Murzashev, who has 10 years of experience working for internet-based companies in California and Kazakhstan. He’s the founder of Kazakhstan’s largest Apple dealer, and has 5 years of experience implementing blockchain projects.
Other key members of the team include Mikhail Pluzhnikov (Technical Director), Dias Kurmanov (Manager and Marketer), and Ruslan Murzashev (Legal Advisor).
Ice Rock Mining is based in Almaty, Kazakhstan, although the project is being led by a Northern Ireland-based team called Woodland Networks LP. The company was launched in January 2017.
Ice Rock Mining Conclusion
It’s not every day that you get the chance to invest in a cryptocurrency mining farm based in a secret Cold War bunker in the mountains of Kazakhstan, but that’s exactly what Ice Rock Mining is advertising. The Almaty, Kazakhstan and Northern Ireland-based company is in possession of a cave-based technical complex in rural Kazakhstan. That cave was designed to accommodate technical equipment. It was built by the Soviet Union in the 1950s as a safeguard against nuclear attacks. The cave stays at a natural 12 degrees Celsius, while also being able to access cheap hydroelectrical rates of 3 cents per kWh (due to a Kazakh subsidy for rural, agrarian businesses).
Ultimately, Ice Rock Mining is one of the most unique and interesting cryptocurrency mining operations we’ve reviewed so far. You can learn more about the mining farm, or participate in the ICO, by visiting the company online today at IceRockMining.io.