The electricity bill came out with a negative value? Good thing the miners are installed in an ice cave, which negates the need for cooling fans and drastically reduces the electricity bill, and in Kazakhstan which has extremely cheap electricity, am I right???

I'm ashamed to say that I was conned by the promised profits which were posted on their website, but I'm so glad I sold out of this project at the beginning before I lost too much money. I would be surprised if anyone sees a return of even 1% of what they invested. What are they going to do with a warehouse full of miners that are too expensive to operate?

This was my logic as well. If BTC jumps to some amazing value like Dias is expecting it to, then wouldn't it be better to just invest your money directly into BTC than in IRM? Mining would explode again, difficulty would rise exponentially, and you would be back in the same situation, wondering if you're going to get your initial investment back in 3 years.

Dias, I don't think anyone seriously questioned your ability to get more miners operational.. I think the main criticism is lack of transparency, and the whole bait-and-switch of quietly dumping the mine and moving to some warehouse. The mine was the whole appeal of your project and you're just a standard run of the mill mining operation now, which happens to be in Kazakhstan.

Especially considering the price of BTC now, I don't know how you can possibly be pulling any profit after factoring in operating costs. The market dump isn't your fault, but it's quite unprofessional how you dismiss valid criticism from your investors as just "haters" and you refuse to acknowledge or answer any difficult questions. Not to mention the fact that the project is months late, is not even operating at full capacity, and is pulling extremely poor profits. Maybe when you've addressed those things, then you have earned the right to act smug, if that's the way you want to behave.

I wish you guys all the best though, I would love to see the project be successful, but your behavior was a main reason why I decided to pull out.

That's basically the same that was paid out last month, which makes no sense because last month's pay-out was only like 2 or maybe 3 weeks of mining. I would expect a full month payout to have been more. Regardless, it's a joke. Even with the "mine" at full capacity, you're going to be lucky to get $20/month per 1000 tokens.

I cashed out my ROCK2 a few weeks ago and put it directly into XRP, and I've already made back what I lost to this ICO plus more. I think it's a smart move to cash out of this while the price is still at $0.30 and invest in another crypto, or directly into BTC. No matter what BTC's price does, you're better off:

If BTC price takes off, then you're better to be invested in it directly rather than ROCK2. You can cash out immediately rather than having to wait months for dividends to pay out. You're not losing 50% of the mining profits to the IRM team.

If BTC crashes, ROCK2 price will crash also, and you will be getting pennies for your dividend payouts, if you even get anything.

Does anyone know if the dividends payed out today? I'm curious if the price has come up significantly from last month. Can someone share the ROCK2PAY payment they got based on 1000 coins?

I exited this project as well. Got back most of what I originally invested, so I'm not hurting too bad.

The last minute change to a warehouse with absolutely NO heads up was ridiculous. The cave was the reason I invested in the first place. They promise "coming soon, video from the cave!" then a few weeks later they show a video of everything set up in this new warehouse? Now it's just like any old mining operation, what is it that makes this unique now? I was also pretty horrified by the level of immaturity and lack of professionalism conveyed by management.

Best case, when the 'cave' is at full capacity, you're getting $10, MAYBE $20 per 1000 coins. Along with the rise in difficulty, cost of electricity, COOLING COSTS (because that's a thing now that there's a warehouse), you're going to be lucky to get your investment back in 3 years. But in 1 or 2 years, the money will be all gone, miners will be antiques, and I would be surprised to even see this project turning any sort of profit at that point.

I feel a bit like a hypocrite because I defended this project from the start.. But the last minute changes and complete lack of transparency was just too much. If only they spent as much time keeping investors informed as they did peddling their shitty merchandise and t-shirts, they would probably have far few investors dropping out.

Check the IRM telegram, there was a document posted today that explains the process.

There seems to be a pretty big lack of critical thought here. You people are forgetting a few things:

1. The payout was based on less than 3 weeks of mining, and only 500 miners. That's 10% of the total equipment budget. Based on that, the payout we got was actually much higher than I anticipated. When all the miners have been purchased, the payout should go up 5-10x, and if BTC goes up, it's looking even better. Try to find anything else on the market that will get you that kind of return on an investment. Go invest your money in US treasuries and get a 3% return if you're so concerned.

2. BTC is way down from the day the original calculator was put on the site. That was based on BTC being at $13,500. Obviously those numbers are no longer accurate. The fact that BTC went down and not up doesn't automatically make IRM a scam

3. Rock2pay is actually a good idea. For people with very few ROCK2 tokens, this makes more sense than sending tiny payments that wouldn't even go through due to the transaction fee. It literally takes 2 minutes to transfer these to ETH, why are people so up in arms about this? If you're worried about your funds being being held as an IRM asset, then go convert it to ETH! If taking 2 minutes to transfer to ETH is too much time once per month, then you should probably sell your ROCK2 tokens.

4. IRM is a long-term hold. If you were expecting to make your entire investment back in the first couple months, then you're an idiot. As long as BTC goes up, I think IRM is going to give a great return over the next couple years.


I'm glad the price of ROCK2 is taking right now because I am going to pick up some more cheap tokens!

I agree.. I was hesitant to agree with buying 500 S9's, but buying 1500 is a complete waste of money at this point in time. I hope they got a really good deal on those, because they're going to basically be worthless paperweights in 6 months time.

Oh my god people, you need to !!!CHECK THEIR TELEGRAM AND WATCH THE Q&A'S ON YOUTUBE!!!  All of this has been answered and discussed already. I understand frustration with some things, but everyone is freaking out about things that have been answered by IRM. Several videos are in Telegram that explain the current situation.

The team was expecting S11's (or other superior miners) to be available by now, but they aren't. They issued a vote to investors and the decision was made to spend 10% of the $8mil on S9's, and save the rest for some better next-gen miners, be it S11's or whatever. Given the situation and current BTC price and mining difficulty, I agree that this is the best choice.

They HAVE purchased 500x S9's. They posted a video on YT from China. They are being shipped right now (probably already delivered). Mining should start very soon.

AFAIK the decision was to spend about 10% of the investment capital ($8 mil) on the S9 miners, so I'm guessing they got them for around $800k, which seems about right taking into account that bitmain is probably desperate to sell out their remaining stock.

I'm hoping that better next gen miners are available soon, because those calculations don't fill me with hope.

You guys need to subscribe to their telegram, they are making regular updates about what's going on.

The 500 S9's were purchased and being shipped right now. They posted a video from the Bitmain factory. I'm guessing farming won't start till closer to the end of the month, probably no payout until end of August. I'm guessing payout will be 1 cent per ROCK2 token, probably much less than that.

I recall this question was asked in a previous Q&A that the IRM team does own ROCK2 tokens, but they bought it independently like the rest of us.

I watched most of the videos and I don't recall them saying they secured S11 miners. They said they would go for them if they were available, but IIRC in the most recent video they said they would be going for S9's, or whatever the best option is at the time.

I noticed that too, there's a couple dozen random transactions that happened after the ICO ended. I'm guessing these are one-off transactions for things like bounties, or maybe last minute sales that didn't go through properly due to network congestion that the team is fixing up.

As for burning the remaining ROCK2, they're probably waiting to fix any straggling transactions (as mentioned above) before they burn it all. Doesn't really matter, it shouldn't affect the final price since it's now inaccessible to the public.

I'm guessing you're asking how to re-invest with the ETH that gets mined and added to your personal wallet? Whenever ROCK2 is available on an exchange, you can potentially buy it with ETH, but since there is no more available in the ICO, you would need to wait until someone is selling theirs. Not exactly sure how that works (it depends on the exchange) but you would probably submit a buy order for a certain price, then it would buy automatically when some ROCK2 comes up for sale.

The IRM team posted some new YouTube videos of installation progress for power equipment, getting the cave ready for miners. There was mention that they were getting S11 miners, though I haven't been able to find any specs on these online. Dias, can you confirm any specs for these miners?

These videos are a huge step towards legitimizing this project. I think it's pretty clear that this is legit, though I'm still skeptical about the proposed ROI. Low utility costs does help, but ultimately it depends on the miners.

All that said, keep up the good work, guys! Keep the videos coming.

If their numbers don't make sense to you, it doesn't automatically make it a scam. A scam implies that they're going to take all the investors money and run. I don't see any indication that this will happen, do you?

I believe that they will begin operations when they say they will and will pay their investors. But the return on investment is going to be highly dependent on BTC value at the time of mining. If BTC continues to tank, they won't be able to afford business expenses, and the ICO is screwed. Everybody investing should understand that. Any business that can't pull in enough revenue can't sustain itself. This shouldn't be news to anyone.

If you have any information on why you think IRM might be an actual scam, please share with us.

LOL, it's not an igloo. It's a cave cut into a mountain. It's cold, but it's made of stone. It's not going to melt. Dias has addressed the humidity issue in a previous post, but I can't recall the specifics.

Read the whitepaper. 10% of profits will go to paying employees.

This is all very clear if you look at the website / whitepaper. 50% of profits are given to investors, the other 50% is used to re-invest into the company, maintenance, and to pay management. It's incredibly straight-forward. "Lifetime pay" is of course contingent on BTC mining remaining profitable.

How is that different than any other investment? If the story they're telling doesn't meet your burden of proof, then don't invest. I've done a ton of a research and am reasonably confident that ICR is legitimate, though that doesn't mean it's guaranteed to be profitable. There's an inherent risk due to the nature of the crypto market. You just seem to be screaming "scam" because you don't understand how this ICO works.