Let the truth be told.
I was a top 20 investor in IRM (Ice Rock Mining) during ICO. Besides all the dictatorship way of managing the telegram group and all the controversial decisions I was a strong supporter for more than a year.
I've also invested in several other mining operations as: Envion, Ambit, MinerOne, GenesisMining. All of them above turned out to be SCAM, IRM was one of my last bets.
In the beginning I watched very closely all the big moves that was made with ROCK2, one of them caught my eye.
It was a 1,294,588 ROCK2 wallet. Equivalent of 100 BTC in the time of ICO.
That's a value of USD 887,000 dollars in 13th February 2018.
A question that I did to myself was: Why a million dollar investor would put his money on a ICO if he could buy and start his own operation with 100% of mining profits and not 50%.
This was the wallet:
https://etherscan.io/token/0xC16b542ff490e01fcc0DC58a60e1EFdc3e357cA6?a=0x7af5f3dc6b21d1f129def94b4ebd5752ff4e8988
Dias boasting about the 100 BTC investor on 13 Feb 2018:
THE TRUTH ?
THERE WASN'T ANY 100 BTC INVESTOR AND ALL THOSE MILLION ROCK2 WASN'T BURNED !!!
THE PROOF ?
As a matter of destiny I've found the guy who wrongly received the 100 BTC in ROCK2 and returned them to IRM in change of a BONUS. It was a bug from IRM. He wanted to buy 100 USD and received 100 BTC equivalent in ROCK2.
Imagine how many other bugs happened in ICO and people received more ROCK2 than they've paid for ?
Right now from all the mining payouts you should have received 57,63% more in profits if those tokens were really BURNED.
Only one week after this millionaire mistake on 19th February 2018 they realized the error and Vadim Suleimanov (Public Relations) desperately sent several emails trying to recover the lost, threatening him that they will block his payments (which was impossible).
Luckily this guy was a very honest person and they agreed to return 1,292,902 ROCK2.
On 24th of February, even after all the IRM team already knowing about this terrible mistake, Dias was still lying in telegram about the 100 BTC investor:
To not draw attention, and minimize tracking on this wallet, they divided the million dollar wallet into 13 different wallets. All the movement were made in the same day and hour with different amounts. Also none of them made any ROCK2PAY conversion or withdraw. This facts proves that those wallets were not sold to private investors who paid in cash as this will be the excuse they will give.
WHY I DUMPED ?
TRUST is the word. I've lost it. I know Malik didn't did all those mistakes on purpose, but they could've sent all those tokens back to the pool to be burned. They were also creating the hosting service (icerockhost) using infra sctructure from ICO funds which is unacceptable. So after this last mistake about moving operation to another country knowing the risks of Kyrgystan, hidding this from us loyalty investors and after they almost loosing all the miners, I'm done. Dumped everything during the last Q&A. Don't have faith on them anymore. And now there's risky of operation to be completely closed. Whoelse knows where this wharehouse is located. It won't surprise me if in the next Q&A they will say government took everything. Dias said in the last live that FBI and KGB were closing down and confiscating mining farms. Sorry to say, but that's completely BS, otherwise he needs to prove it.
99% of mining ICO's that I followed or invested: FAILED (Hydrominer, Ambit) or was a SCAM (Envion, Terraminer, MinerOne), actually there's only one paying for more than a year that I receive weekly payouts, I can share privately via telegram https://t.me/bitcoinloop
So usually what happens after the 1st big problem, investors 1st thought is the feeling of hope, that operation will survive and surpass all the problems. So they decide not to sold with a big loss. But unfortunately what I experienced is that things start to get worse, and tokens goes to zero value or operations declares bankruptcy. It happened to all (100%) those above. Unfortunately mining is all about timing. You need to have the right equipment in the right time, otherwise miners will transform into a paper weight. With BITMAIN playing games with stock and shipping dates those timing is always wrong for us and good for them, because of course they have their own interests.
PROFITS THAT'S ALREADY LOW WILL BE LOWER IF THERE ARE ANY
- Operation to find and start everything again will take months ahead and will need a lot of cash;
- They will need to spend new money in installation, infrastructure and probably another cooling system, as fans maybe won't be compatible with new place;
- ICO funds is over and if there's any it won't be enough to start fast and properly like last time;
- Electricity costs will probably be more expensive;
- Mining difficulty will be higher;
- If they move outside, there will be high tax;
- They need a lot of money to transport this miners;
- The list goes on....
I DON'T SEE GOOD NEWS AHEAD SO I WISH GOOD LUCK TO ALL ROCK2 INVESTORS.
JUST DON'T BE THE LAST ONE TO JUMP OFF THE BOAT IF IT'S ALREADY SINKING.
My Telegram:
https://t.me/bitcoinloop