RigCoin Contract Term

Contract guaranteed runtime

Your mining services will run for a given period as determined by the plan you purchase, - even in cases where your daily mining reward falls below the Maintenance Fees. This way, you will always have the potential to produce cryptocurrencies as market conditions improve.

The daily mining outputs are variable and are determined by these factors: the mining difficulty, the Bitcoin vs USD exchange rates, the Maintenance Fee (electricity, cooling, development, and servicing costs), and the technology used for mining. The first two factors are unpredictable and we can not control them, but we always deploy state of the art mining technology, and do our best to keep our data centers running at their maximum capability for you.

1. Maintenance fees) A fixed maintenance fee is applied to all contracts for their full runtime. Current maintenance fees: 3%. of total mined balance, Please note that the fee is fixed in USD. the fees are to be paid to the company's finance department before the clearance of contract profits,

2.Withdrawal Process:

a) Withdrawals that are delayed will attract a fund security insurance fee of 75 USD daily until the user is ready to clear the miner charges. Note: for a reason payment already assigned to a batch was delayed. RigCoin has the right to re-assign such payment to a new batch, based on our Mode of operation in addition to this all payment that fall on the same batch processing number will be cleared completely before payout will be done to user wallet.

Payout can be done to user wallet specified on our platform or a designated bank account in any part of the world.

b) Payment to wallet may take up to 25 minutes to be processed while payments to bank account may take up to 2 business days to reflect.

c) Important: ; During withdrawal a customer is required to verify their payment wallet and fix a valid wallet from the user wallet settings or seek advise from our Support and IT department if you have no knowledge on how to setup. is there is a mistake in wallet fixing or invalid wallet this will take out IT department 14 days to trace and fix but will attract a service charge of $125 USD which is to be paid to the company before operation commences.

d) These Terms of Service are valid without any time limit even after the termination of the Account.Contract Term for Cloud Machines of RigCoin is 3 (Three) years by default unless otherwise specified. The contract is valid until the expiration of the validity period or until its termination (Section 13), whichever comes first. Contracts with the specified expiration date expire on the stated date and the Cloud machine ceases to function.

e) Every withdrawal will attract the same miner charges due to the mode of operation and instability/volatility of the crypto market value. so it is advisable for a customer to make bulk withdrawals to cover all costs at ones.

RigCoin reserves the right to change the Service start-up date, the term of the Contract and / or the term of Service.

NOTE: withdrawing fund from a running contract before the end of contract period is highly prohibited and if done will put your account on hold and attract a charge of $100 re-connection fee. which must be paid withing 48 hours.

Please ensure to read carefully our contract terms before engagement as RigCoin do not refund for contracts already assigned to our mining rigs and running already.