Quote from: Marcel Beliveau on June 20, 2018, 11:16:39 PM

Hello,

I fully understand your reactions.

To my opinion, they are not scammers and have a good sense of honor....But they started this project with a huge lack of experience and not at the right time at all.

I anyway believe in this project (long term view) because it's true that energy in KZK is extremely cheap and because the premise is great.

It's hard to find better conditions for mining...

Let's see! That's the game...as long as they are working on the project you can't say they are scammers.

Marcel

This is a reasonable, if generous, point of view to a certain extent.
However their "sense of honor" didn't extend to amending the "theoretically possible in freak conditions" ROI claims that they were continuing to make while the ICO funding was going on, despite them being wildly optimistic and misleading. Caveat Emptor, I guess.

There is no knowing how long this high difficulty/low price scenario will extend for and, whilst IR have no choice but to small scale mine with virtually unprofitable S9's, the ROCK token holders will receive dust payments, if any.

Ice Rock have now all but abandoned their media contact with investors and refuse to be honest about the ROI situation, so not much "honor" there either.

They still found time to delete this factual post tho

Quote

Quote from: dias.kurmanov on June 12, 2018, 08:11:58 AM

We will not change our business model.

How are you going to pay your maintenance and electricity bills if you don't? 20% is not enough given the real world situation now prevailing.
Is your business plan "hope that the BTC price goes up"?

Anyway, you have already changed your business model, your white paper is part of it and the road map says quite clearly

Quote

June 1st: purchase of equipment

It doesn't say

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Buy nothing on June 1st then, 10 days after the road map deadline, decide to have a vote (!!) about what mining equipment should be bought, if any

But not enough time to answer this one

Quote from: tmfp on June 26, 2018, 08:46:12 AM

Quote from: hexaman on June 26, 2018, 06:32:52 AM

how much would 10,000 rock2 return when bitcoin is at 10,000kusd? any way to tell? its going to be pretty much like 70-120 a day im thinking
or 50-80 usd a day
...

When Bitcoin first hit $10k (Dec '17) the difficulty was 1,347,001,430,558, with 9,642 PH/s hashing.
These have both increased by a factor of ~4 in the last seven months.
Before operating costs, now 1 TH/s would gross ~$15 per month at current difficulty if the price was $10000, whereas at Dec's lower difficulty that would have been ~$57.
It is extremely unlikely that we will see December level profitability again, certainly in the near future. That anomalous (freak) rate of return was what IR decided to use as typical for the future, with their 357% etc. ROI nonsense.
How much each token will receive depends on how much hashrate output is allocated to it, which in turn depends on how many miners are being deployed. With the small amount of mining actually being currently done, any ROI per token will be minimal.

As I pointed out in a previous post (not deleted yet), there is also the question of the 20% operating cost allocation.
Whilst miners that consume more than 20% of their output in operating costs (like the S9's do now and will probably continue to do so) are being used, it must be asked, "Where is the extra money coming from to pay the bills, from what account?"
There are three possible options:
1)From the 20% re-investment allocation
2)From the 50% profit distribution
3)From the Ice Rock 10% retention

If they choose 1) or 2), then they are effectively using (your) previous invested money to pay (you) dividends, which is a classic definition of a P*nzi Scheme.

Meanwhile ROCK2 tokens are trading around $0.26, bounty tokens and commission payments are delayed....