https://icerockmining.io
Ice Rock Mining is one of the newest Bitcoin mining operations being funding by an initial coin offering. The cryptocurrency market continues to grow with more users every day, and the demand for coins like Bitcoin is only increasing. Bitcoin is just one of many cryptocurrencies that can be mined with computer hardware. It is also by far the most popular. When people mine for Bitcoin, a user is rewarded with Bitcoin when they successfully solve a block. This is known as the block reward. As time passes, mining difficulty can increase. The main expenses when mining are hardware costs and electricity costs. Ice Rock Mining uses innovative solutions to help lower these costs, making the mine more profitable, but more on this later.
Investors who purchase the ROCK2 token will be paid out fifty percent of profits. ROCK2 is an Ethereum based token. When it is time for payment, the mined Bitcoin will be converted to Ethereum, and token holders will be paid in Ethereum via the execution of a smart contract. The profit will be paid according to the exchange rate on the day of the dividend payment. For the rest of the profits, twenty percent will be reinvested by Ice Rock. Another twenty percent will go towards maintenance and operating costs, and the final ten percent will go to Ice Rock management.
Ice Rock Mining has several competitive advantages when mining for Bitcoin. First, they are located in Kazakhstan where they have arranged for very low electricity costs of as little as three cents for one Kilowatt hour. Low electricity costs are a key factor to Bitcoin mining profitability. Another advantage of the facility is its location. The mines will be located in old mountain storehouses. Mining produces much heat, so cooling is very important. The location of the mines will have a twelve degree Celsius constant temperature. The cooler environment for mining will reduce electricity costs and make the mine have larger profit margins. When you combine the cool environment with low electricity fees, you get a successful mining operation. An additional bonus to profitability is that the mine sites are owned by the CEO, so no rent will need to be paid. With low costs and reinvestment into the operation, it should be able to remain profitable for many years. A steady income from tokens like these are what many investors are looking for. It is still very early for finding good dividend paying tokens. They are just starting to gain more popularity.
When people new to cryptocurrency first find out about mining Bitcoin for profits, many want to try it for themselves. This can lead to a better understanding of cryptocurrency, but many find out that it can be a difficult undertaking. It can be costly, noisy, require maintenance, and just be unpractical for many people. If people want to be involved with mining, but do not want to undertake creating their own operation, an investment is another way to go. To read more detailed information about Ice Rock Mining and their proposed operations, please check out the listed links below.
Twitter: https://twitter.com/icerockmining
Telegram: https://t.me/joinchat/Emenog0u3kyNRusZjFbFWA
Whitepaper: https://drive.google.com/drive/folders/1wgCA7H7Ob1QfZG5Z3c-8bND43ansH7t5
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457
