Ice Network Crypto Mining Stopped

Ice Network Crypto Mining Closure

Jakarta, – Ice Network, a leading digital currency project, made a significant announcement today regarding the cessation of coin mining activities within its application, effective Thursday, February 15, 2024.

As of today, crypto miners within the Ice Network ecosystem will no longer be able to generate coins through mining activities. However, every Snowman, as the users are affectionately termed, is required to press the mining button daily until February 28, 2024.

“In light of careful consideration and analysis, we have decided to halt mining activities on Ice,” wrote the Ice Network team on their official page today.

For Ice, this announcement signifies a strategic decision aimed at ensuring the long-term sustainability and success of the Ice Network project.

Ice Network acknowledges the pivotal role Phase 1 played in building user base and distributing Ice coins. However, it stated that this endeavor incurred significant costs both financially and in terms of team resources.

Ice revealed monthly expenses exceeding $50,000 along with valuable team time diverted from mainnet development.

“We believe that now is the right time to shift our focus,” they emphasized.

The Ice Network team now reaffirms their commitment to the primary goal of delivering a robust and user-friendly mainnet application that empowers the community and encourages genuine engagement.

“We can allocate our resources more efficiently towards achieving this goal by ceasing mining activities,” stated Ice Network.

This decision marks a strategic pivot towards optimizing resources and enhancing the overall user experience within the Ice Network ecosystem.