CHIA Cloud Mining contract
Mine machine: chain storage pool CHIA cloud mining
Total: 2500 TB single 2TB
Management fee: 20%
Electricity: 0/TB/ day
P cycle: 10 days (linear growth)
- Estimated excavation time: 7th may 2021
Contract period: the contract period is 365 days. During the contract period, the chain storage pool will guarantee the user to settle the income on time. Even if the difficulty and cost of mining are higher than the actual income, the income will be normally allocated to the user, and the related costs shall be borne by the chain storage pool.
[technical service fee]: 20% of XCH output from mining is charged as technical service fee. Technical service fee includes: IDC room operation and maintenance cost, mineral machine deployment, mine machine maintenance, technical service, human resources expenses and other expenses.
[Calculation contract cost description]: the CHIA contract fee for the user to purchase chain storage pool has included the expenses of distributed storage server leasing fee, IP address fee, electricity fee, bandwidth fee, network security, mine pool system usage fee, etc. during the first year service period.
[Contract term and termination]: 1. The total validity period of chain storage pool CHIA cloud computing force lease is 365 days, and the one-time payment method is adopted. The term of contract is 365, and the contract cost is the calculated space rental cost of 365 days. The validity period of the calculation contract shall be calculated from the date of XCH income. 2. In case of force majeure, chain storage pool shall have the right to terminate the contract without being deemed as breach of contract. Force majeure includes but is not limited to natural causes such as earthquake, typhoon, flood, fire, and other social reasons such as war, unrest, government ban and so on.
[Risk Guarantee]: 1. XCH general certificate may have a situation of drastic price fluctuation, and the difficulty of mining will be adjusted irregularly. The fluctuation of currency price or adjustment of mining difficulty may lead to the change of income of CHIA calculation lease contract in chain storage pool. This contract does not promise refund from the perspective of digital currency or Fiat currency. Users must carefully assess their risk tolerance and invest in digital currency mining within acceptable risk control. 2. This contract does not involve digital asset transactions. If the user participates in the digital asset transaction of a third party, he / she shall bear the responsibility and risk on his own. 3. The user understands and accepts that if the mining behavior of CHIA is stopped or prohibited due to the changes in the objective conditions such as the formulation or modification of relevant national laws, regulations and normative documents, the agreement shall be terminated automatically, and both parties shall not be held responsible for each other, and the losses caused thereby shall be borne by themselves. The issuer reserves all the rights to interpret the terms of this contract. After subscription, the user will get the income from the output of the effective calculation of the individual. Note: some cloud computing products without electricity service will settle the final income after deducting the electricity charge; The cloud computing products with electricity charge are not charged with electricity
- After the user completes the order and pays successfully, the order cannot be cancelled.
- In case of exchange rate abnormality or technical failure, the platform has the right to select exchange rate data of other exchanges.
- Due to the instability of the whole network calculation force, the income of the mine pool is based on the actual output, and the actual output is not necessarily equal to the average calculation force output of the whole network.
The power cost of cloud mining contract may fluctuate due to the changes of national policies and power costs, and the contractor will reserve the right to adjust the electricity cost.
- the contract only deduct the current day electricity fee when distributing the income. The expenses involved in the maintenance, deployment of mining machinery, maintenance of mining machinery, personnel expenses and emergency dangerous situations during the actual operation of the mine will not be charged separately.
- if the mining income on that day is not enough to deduct the electricity fee, the income of the day is 0.
- the income from the calculation of this contract shall be issued in currency.
- the contract income of the day before the settlement of daily Beijing time 16:00 shall be subject to the settlement time of the income of the mine pool.
Contract inventory: the total contract strength of this batch is 2500TB.
Subscription price: anchoring price 160USDT/2TB
[Contract overview] physical delivery: no minimum subscription unit: 2TB. After subscription, the user will get the income from the output of effective calculation owned by the individual after deducting the technical service fee, and the income is daily closed.
[Termination of contract]
- contract period: see the contract period above
- after the termination of the calculation contract, the platform shall not bear the technical support obligations of calculation force.
- if the mine cannot continue to operate due to the irresistible reasons such as legal policies, war, earthquake, fire and power failure, the contract shall be terminated in advance and the platform shall not be liable for compensation.