Who will provide the hashrate?
The hashrate on the platform is provided by sellers in the free market, including professional miners, mining farm operators, cloud computing power providers, and hashrate traders. Any user meeting the platform's requirements can become a seller and freely list their hashrate for sale on the market.
*To protect the interests of buyers, all sellers are required to deposit the necessary security bond as mandated by the platform. During the contract period, the platform will manage the hashrate transactions to ensure smooth execution.
What is the fundraising period?
The fundraising period will involve raising funds from buyers based on the target hashrate value, and no mining revenue will be generated during this period.
The fundraising period will transition to the operational period on the following day after it is completed or if the seller ends the fundraising early.
Can the contract be terminated early?
After the purchase is completed, neither the buyer nor the seller can terminate the contract early.
How is the daily mining revenue calculated?
Mining revenue = Daily mining revenue per unit of hashrate over the past 24 hours * Order hashrate value
Data source: The platform's daily mining revenue data is referenced from leading global mining pools, including ANTPOOL, F2POOL, Luxor, and other well-known industry mining pools.
How to ensure daily mining revenue?
When raising funds, the seller will pay an order deposit in advance. If the mining revenue for a given day cannot be delivered, they will be deducted from the seller’s deposit.
The platform requires by default that the seller ensures stable 7×24-hour computing power operation to guarantee that buyers receive their daily mining profits as agreed.
If the seller fails to pay the buyer’s mining profits as agreed on the delivery date, the platform will prioritize using the seller’s deposited funds for compensation to ensure the buyer’s rights are not affected.
If the seller’s deposit on the platform falls below the platform’s required minimum, the platform will trigger a liquidation mechanism, terminate the seller’s contract, and provide corresponding compensation to the buyer, including:
A refund of the computing power fees for the unfulfilled portion, ensuring compensation for the buyer’s unrealized computing power benefits;
A one-time compensation payment to offset the buyer’s losses resulting from the contract termination.
When will the daily mining revenue be credited?
The profits will be credited on the next day after mining (T+1) between 0:00 and 1:00 UTC, subject to the actual arrival time.
What happens if the electricity fee is not paid?
If the buyer’s electricity fee is interrupted, they will not receive the seller’s mining revenue, but they will continue to pay the computing power fee to the seller.
After the electricity fee is paid, the next mining revenue will be delivered as normal, but revenue from the period of non-payment cannot be recovered. (Due to the buyer’s personal reasons for the electricity fee interruption, the package duration and mining output during the owed period will be borne by the buyer, with no compensation required from the seller.
Once the user pays the outstanding electricity fee, the order will resume operation, and subsequent mining revenue will be settled daily according to the normal process.)
Updated over 2 weeks ago