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Home > Future Tech: Almost Here, Round-the-Corner Future Technology Podcast > Amir Ness- Ice Rock- A Bitcoin Mining Farm With One Of The Lowest Cost Structures In The World
Podcast: Future Tech: Almost Here, Round-the-Corner Future Technology Podcast
Episode:

Amir Ness- Ice Rock- A Bitcoin Mining Farm With One Of The Lowest Cost Structures In The World
Category: Technology
Duration: 00:19:46
Publish Date: 2018-03-09 01:26:46
Description:

The cost of electricity, the level of security and the risk of government interference are among the top mining concerns today; Ice Rock eliminates all three. Hidden in an old Soviet bunker in the mountains of Kazakhstan, Ice Rock is a commercial Bitcoin mining farm that is rent-free and comes with a power cost of three cents per kilowatt-hour and a self-cooling system. In addition, it’s located at least two hours outside of the main cities and is fully supported by the government of Kazakhstan, making it an inherently secure location.

With such minimal operating costs, Ice Rock generates enough profit to allocate 50 percent to investors and 20 percent to extend the life of the mine. With the capacity for 5,000 ASIC mining devices and plans for expansion in the works, Ice Rock offers something that no other commercial Bitcoin mining farm can.

To learn more or to reach out with questions, visit icerockmining.io and visit Ice Rock’s telegram channel.

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