Receive Passive Income From Ice Rock Mining’s ROCK2 Token

Anyone who wants to mine their own bitcoin cryptocurrency faces a daunting task as individual bitcoin mining is becoming nearly impossible to achieve profitably due to the increased hash rate and difficulty. Cloud mining contracts for bitcoin are also an option but they result in very little net profit for the same reasons..

Ice Rock Mining’s collective mining approach with its initial coin offering (ICO) of ROCK2 tokens is one of the few options left for individuals to realize bitcoin mining profits.

About the Mining Farm

The Ice Rock Mining operation has very low operational overhead using the natural cooling inside an old Soviet-era bunker to set up their mining farm. The cave was originally built in the 1950’s as a safety measure against potential nuclear attacks during the US-USSR cold war. The environmental conditions inside the cave result in no additional or ongoing need for costs to cool the server farm as the bunker maintains a temperature of 12 degrees (Celsius) all through the year. The nearby hydroelectric dam and negotiated secure energy pricing gives the mining farm some of the cheapest electricity rates world-wide at $0.03 per kWh making it more efficient than its competitors.. As the property is owned and operational costs are low the overall costs of running this server farm will be lower compared to other mining set ups.

Profit Distribution of the Collective Mining Operation

The profit will be converted into ETH and distributed among the holders of the tokens through the means of a smart contract, all the profits will be distributed in the following proportion:

• 50% – distributed among the holders of the ROCK2 tokens, in proportion to the number of tokens held by the holder.
• 20% – reinvestment, regular increase in the capacity of the farm to outpace the growth of the complexity of the network.
• 20% –farm maintenance, security, energy costs, and other related operational costs related to the mining site.
• 10% – Ice Rock Mining team profit

Advantages of Holding ROCK2 Tokens

The company’s cave mining set up will provide advantages to ROCK2 token holders:

Lifetime profits for token holders; 2) Monthly payments in ETH, paid directly to wallet holders registered with Ice Rock Mining. The profit will be distributed once at the end of the month through a smart contract in ETH; and 3) An anticipated increase in the price of the ROCK2 token on cryptocurrency exchanges (due to speculative buying and planned token burn).

The company does have a return on investment calculator that allows for an estimated dividend available on their website. However, the calculator is static with assumptions about the price of bitcoin (that is twice the current price), assumptions about the mining rig capacity, and estimations of the mining bitcoin yields. While the calculator is interesting to see potential returns the volatile price of bitcoin makes estimating any real-world returns difficult.

By comparison, I think that the dividend from holding ROCk2 tokens (at a cost of $1 per token) far exceeds the dividend investors might receive from holding far fewer share units of expensive blue-chip stocks that usually yield 2-4% dividends annually.

Summary

Passive income from ROCK2 are generated by holding the tokens as the servers mine bitcoin. The mined bitcoin profits (50%) are converted to ETH and paid out to token holders via a smart contract proportionally each month. While ICOs and the cryptocurrency space is more risky and volatile than the stock market the potential for ongoing passive income through Ice Rock Mining’s unique profit-sharing set up is very appealing.

Again, the Ice Rock Mining ICO ends on May 25th, 2018. After that purchase of ROCK2 tokens will be on listed cryptocurrency exchanges likely at a higher price. Tokens can be purchased on Ice Rock Minings site after registering (https://ico.icerockmining.io/Account/Register?&_ga=2.109051714.1598714652.1526585014-1310206895.1526585014).