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.

With automatic deduction enabled: Daily mining revenue will be deducted from the cloud mining account. The balance of the cloud mining account will be deducted from the deposit. (The seller only needs to deposit the daily mining revenue into the cloud mining account, and the system will automatically deduct the payable revenue from this account and pay them to the buyer. If the balance in the cloud mining account is insufficient to cover the profits for that day, the remaining unpaid portion will be deducted from the seller’s deposit.)

With automatic deduction disabled: The profits will be deducted directly from the seller’s pre-deposit.

What happens if the deposit is insufficient?

We will notify the seller in advance to replenish the deposit; if it is not replenished within the specified time, the order will be liquidated. (If the seller’s deposit on the platform is insufficient, the platform will notify the seller in advance to replenish the deposit. If the seller fails to do so within the specified time, the platform will trigger the liquidation mechanism, terminate the seller’s contract, and provide corresponding compensation to the buyer.)

Why is the amount of deposit I can withdraw so small?

To ensure that delivery can proceed normally, BIT requires the order’s deposit to be maintained at a certain proportion, and sellers can only withdraw the portion exceeding the deposit requirement.

If the order has not (triggered the margin call process) and the deposit balance exceeds the order’s deposit requirement, the excess portion of the deposit can be withdrawn between 7:00 UTC and 24:00 UTC. The specific time is subject to the display in the App.

1. 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. 
2. Can the contract be terminated early?
 After the purchase is completed, neither the buyer nor the seller can terminate the contract early. 
3. How to pay daily mining revenue?
 With automatic deduction enabled: Daily mining revenue will be deducted from the cloud mining account. The balance of the cloud mining account will be deducted from the deposit. (The seller only needs to deposit the daily mining revenue into the cloud mining account, and the system will automatically deduct the payable revenue from this account and pay them to the buyer. If the balance in the cloud mining account is insufficient to cover the profits for that day, the remaining unpaid portion will be deducted from the seller’s deposit.)
 
 With automatic deduction disabled: The profits will be deducted directly from the seller’s pre-deposit. 
4. What happens if the deposit is insufficient?
 We will notify the seller in advance to replenish the deposit; if it is not replenished within the specified time, the order will be liquidated. (If the seller’s deposit on the platform is insufficient, the platform will notify the seller in advance to replenish the deposit. If the seller fails to do so within the specified time, the platform will trigger the liquidation mechanism, terminate the seller’s contract, and provide corresponding compensation to the buyer.) 
5. Why is the amount of deposit I can withdraw so small?
 To ensure that delivery can proceed normally, BIT requires the order’s deposit to be maintained at a certain proportion, and sellers can only withdraw the portion exceeding the deposit requirement. 
6. When can I withdraw the deposit?
 If the order has not (triggered the margin call process) and the deposit balance exceeds the order’s deposit requirement, the excess portion of the deposit can be withdrawn between 7:00 UTC and 24:00 UTC. The specific time is subject to the display in the App.

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