Quote from: g.m.tyshenk on August 20, 2018, 02:59:26 PM

Quote from: den_penta on August 20, 2018, 12:28:04 PM

First payment moved to the end of September.
Team shows real ASICs and communicate well in Telegram but...

With such news and price around 0.00095 ETH/ROCK2 -> ~$0.28 per token.
$280 you will pay for 1000 ROCK2
community's calculated profit ~$0.0014 per token month
or $1.4 for 1000 ROCK2

if I remember correctly they rise ~$8.5M
current wholesale price for 500 is about $400K and with big discount it will be $350K
or 12000ASICS.
when full farm will be in working condition (as for today) you will be paid ~$34 per month for every 1000 ROCK2

with all risks, difficulty changes and so on I think it is one year to cover self-cost of your participation in project (if you buying tokens now)
for ICO investors it is ...

Great post with good information. I think many people forget that IRM only has a small number of mining machines set up and payouts starting out in September (and until IRM adds more miners) will be small.

Hopefully the team continues to add miners to the cave and the price of Cryptos recovers and increases. This is a longer term crypto play.

Once the cave is filled with machines payouts will be better, however it looks like it will take the team some time to get the machines installed and working.

I continue to wish the IRM team the best of success, they have potential to be one of the best collective mining tokens!

I am hoping someone from Ice Rock Mining can answer this question.

Malik stated on you tube and in the white paper that the caves can accommodate up to 5,000 miners.

According to the numbers in the previous post buying 5,000 machines would cost ~4 million dollars.

Can Ice Rock Mining tell the investors what is happening with the remaining 3-4 million dollars from the capital ICO raise?

Is the money being held and for what purpose if it is extra beyond the cost of buying 5,000 machines?, will it be used to pay for infrastructure (such as fibre optic or internet cable connections to the caves from a provider in Almaty - this would be a very expensive cost to the project to run internet cables to the caves)?

It would be good to hear these details from the team along with an update on the miner numbers each month.