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Cloud Mining

Terms and Conditions

  Introduction

Overview of the Website and Its Services

Welcome to mycloudminingfactory.com, thecloudminingfactory.com, cloudminingfactory.com https://mycloudminingfactory.com , the premier online platform dedicated to providing accessible, sustainable, and innovative Bitcoin cloud mining solutions. Our Website is operated by The Cloud Mining Factory, a pioneering entity in the field of mining, leveraging the latest technologies and green energy sources to offer cloud mining packages. These packages enable users to participate in Bitcoin mining without the need for substantial upfront payment in hardware or in-depth technical knowledge.

Our services include, but are not limited to, offering contracts that represent cloud mining contracts valid for a period of 3 year. These contracts are tradable and allow for a novel and flexible way to engage with cloud mining. The electricity price is paid separately on a monthly basis. We utilize state-of-the-art mining hardware, powered by renewable energy sources, ensuring that our operations are not only efficient but also environmentally friendly. Our strategic partnership with Compute Nordic in Norway allows us to maintain sustainable mining practices, including the use of hydro cooling technology and the commitment to utilizing process water for algae growth.

  1. Acceptance of Terms

By accessing or using our Website, you (the “User” or “You”) agree to be bound by these Terms and Conditions (“Terms”), including any additional guidelines, and any future modifications thereof. These Terms constitute a legally binding agreement between You and The Cloud Mining Factory, governing your access to and use of the Website and services provided by The Cloud Mining Factory.

Your acceptance of these Terms signifies your understanding, agreement, and acceptance of the binding nature of the legal obligations provided herein. If you do not agree to these Terms, you are expressly prohibited from using the Website and must discontinue use immediately.

The Services are available only to individuals who are at least 18 years old and possess the legal capacity to enter into a contract under the applicable law. By using the Services, you represent and warrant that you meet these eligibility requirements. If you are using the Services on behalf of a legal entity, you further represent and warrant that you have the authority to bind such entity to these Terms, in which case the terms “You” and “Your” shall refer to such entity.

The Cloud Mining Factory reserves the right to change, modify, or otherwise alter these Terms at any time. You must review these Terms regularly to keep yourself informed of any changes. Continued use of the Website after any such changes constitutes your acceptance of the new Terms.

By accepting these Terms, you also acknowledge that you have read and agree to our Privacy Policy, which covers how we collect, use, share, and store your personal information.

Please read these Terms carefully before accessing or using our Website. Understanding and compliance with these Terms are essential for making the most of our services and ensuring a mutually beneficial relationship between you and The Cloud Mining Factory.

  1. Definitions

In this section of the Terms and Conditions for mycloudminingfactory.com, we define the most important key terms to ensure clarity and prevent ambiguity. These definitions are intended to aid in the understanding of the terms as they are used within this document and throughout our service offerings.

“Service” or “Services” refers to the cloud mining services provided by mycloudminingfactory.com, including but not limited to the sale of cloud mining packages, distribution of mining rewards, and any other services offered through the website.

“Cloud Mining” is a service provided by mycloudminingfactory.com that allows users to purchase computing power (measured in Terrahash) housed and maintained in our data centers. This service enables users to mine, specifically Bitcoin, without the need for their own hardware.

“Contracts” represents a unique, digital certificate of ownership for a specific cloud mining package on the blockchain. All contracts is tied to a distinct cloud mining contract valid for a period of 1 year and is tradable within the terms set forth by mycloudminingfactory.com.

“User”, “Client”, “You”, and “Your” refer to any individual or entity that purchases or expresses interest in purchasing cloud mining packages provided by mycloudminingfactory.com.

“Terrahash” (TH/s) is a unit of measurement for the computing power of mining hardware. It quantifies the number of trillion hashes (attempts to solve a block) that can be performed per second.

“Mining Rewards” are the Bitcoin earned from successful mining operations, proportional to the amount of computing power (Terrahash) purchased by the user through the service.

“Staking” refers to the process of locking or holding your contracts in a designated digital wallet to activate the associated cloud mining operations. Unstaking reverses this process, potentially in preparation for trading the contracts.

“Electricity Fee” is a separate charge from the purchase of cloud mining packages, covering the cost of electricity consumed during the mining operations. This fee is subject to a fixed pricing structure for a period of 3 years as agreed upon in the service contract.

“Account” means the registered user account created on mycloudminingfactory.com to access and use the services offered, including purchasing cloud mining packages and managing contracts.

“Website” refers to the online platform accessed via the URL https://mycloudminingfactory.com, through which the services are offered to users.

“KYC” (Know Your Customer) policies are the processes undertaken by mycloudminingfactory.com to verify the identity of its users, in compliance with anti-money laundering laws and regulations.

“AML” (Anti-Money Laundering) refers to the legal and regulatory measures implemented by mycloudminingfactory.com to prevent, detect, and report money laundering activities.

“Privacy Policy” is a document that outlines how mycloudminingfactory.com collects, uses, maintains, and discloses information collected from users of the website.

“Governing Law” refers to the laws and regulations under which mycloudminingfactory.com operates and under which the Terms and Conditions are enforced.

  1. User Eligibility

Criteria for User Participation

To participate in the services offered by mycloudminingfactory.com, including the purchase and use of contract-based cloud mining packages, users must meet specific eligibility criteria outlined below. These criteria are designed to ensure that all users can legally and competently enter into binding contracts under applicable laws.

Legal Age Requirement: Users must be at least 18 years of age or the age of majority in their jurisdiction, whichever is higher. By agreeing to these Terms and Conditions, users affirm that they have reached an age where they can enter into legally binding contracts under the law of their jurisdiction.

Legal Competency: Users must possess the legal capacity and competency to enter into this agreement. This means that the user is not impaired or restricted by any mental or physical condition, legal incapacity, or other restrictions under their local laws that might prevent them from understanding or fulfilling the obligations and responsibilities outlined in these Terms and Conditions.

Residency and Jurisdiction: Users must ensure that they are not residents of any country or jurisdiction where participating in mining, trading, or related activities is prohibited by law. It is the user’s responsibility to comply with local laws and regulations pertaining to activities. Users must not use our services from these prohibited jurisdictions.

Compliance with KYC and AML Laws: In compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, users may be required to provide personal identification information for verification purposes. Users agree to provide accurate, current, and complete information as necessary and update their information promptly to maintain its accuracy. Our platform reserves the right to suspend or terminate accounts that fail to comply with KYC and AML requirements.

Non-Disqualification: Users must not be suspended or removed from any or financial platforms for legal or regulatory reasons. Users affirm that they are not on any trade or economic sanctions lists, such as those maintained by the United Nations, European Union, UK Treasury, U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), or other applicable jurisdictions.

Account Registration: Users must register for an account to access and use our services. During the registration process, users agree to provide true, accurate, current, and complete information about themselves as prompted by the service’s registration form. Maintaining the security of account passwords and identification is the user’s responsibility. The user agrees to accept responsibility for all activities that occur under their account or password.

Acceptance of Terms

By using the services provided by mycloudminingfactory.com, users affirm that they meet all the eligibility criteria outlined above. Failure to meet these criteria at any point may result in the immediate termination of the user’s account and access to the service, at the sole discretion of mycloudminingfactory.com.

mycloudminingfactory.com reserves the right to modify the User Eligibility criteria and terms at any time. Such modifications will be effective immediately upon posting on the website or by direct communication to users. By continuing to use the services following any modifications, users agree and consent to the changes.

By agreeing to these terms, users represent and warrant that they have the right, authority, and capacity to enter into these Terms and Conditions and to abide by all the terms and conditions set forth herein.

  1. Service Description

Detailed Description of Cloud Mining Services

mycloudminingfactory.com provides cloud mining services, enabling users to participate in mining without the need for personal mining hardware, software, or direct knowledge of mining operations. Our service allows users to purchase computational power (measured in Terrahash per second, TH/s) hosted in our state-of-the-art data centers powered by green energy sources in Norway. These facilities utilize the latest and most efficient mining hardware, along with hydro cooling technology to ensure optimal performance and sustainability.

Our cloud mining service operates on a model where the mining power you purchase is used to mine Bitcoin (BTC) on your behalf. The mined Bitcoin is then distributed to your private wallet directly, proportional to the amount of mining power you have purchased relative to the total mining power of our operations. This service aims to provide a hands-off mining experience, offering potential returns through the mining of Bitcoin without the associated costs and complexities of setting up and running personal mining equipment.

The service commencement is subject to a lead time of approximately 3 months from the time of purchase. This period is necessary for the setup and preparation of the required infrastructure to begin mining operations efficiently. Users are required to separately cover the electricity costs associated with their purchased mining power, which is facilitated through a transparent and fixed pricing model for a term of 3 years to safeguard against price volatility and ensure cost predictability.

Information on contract-based Cloud Mining Contracts

Our innovative approach to cloud mining contracts involves the use of contracts to represent the ownership and rights associated with each cloud mining package. Upon purchasing a cloud mining package, users will be issued a contract, which serves as a digital certificate of ownership and entitlement to a specific portion of the mining power and the resulting Bitcoin mined.

These contracts are unique, tradable on various platforms, and provide flexibility not seen in traditional cloud mining contracts. Users have the option to trade, sell, or transfer their contracts before the expiration of the contract term, offering the potential for liquidity and value appreciation independent of the mining activity itself. The contracts must be staked in our system to activate the associated mining power; unstaking effectively halts mining operations for the user.

The contract represented by the contracts is valid for a period of 3 year from the date of activation, with specific terms regarding the commencement and termination of mining operations, electricity fee payments, and the distribution of mined Bitcoin. Our platform ensures that all transactions, including the issuance, trading, and staking of contracts, are conducted in a secure, transparent, and legally compliant manner. Users are advised to familiarize themselves with the terms and conditions associated with these contract-based cloud mining contracts, including any limitations, rights, and obligations.

It is important for users to understand that the value and profitability of cloud mining contracts are subject to factors such as Bitcoin market price fluctuations, mining difficulty, and operational costs. mycloudminingfactory.com commits to operating with the highest standards of transparency and efficiency to maximize the potential returns for our users, within the constraints of the aforementioned variables.

By participating in our cloud mining services and purchasing contract-based cloud mining contracts, users agree to the terms outlined in this Service Description, including any risks associated with mining and market volatility. Users are encouraged to conduct their own research and consider their financial situation before engaging in cloud mining activities.

  1. Account Registration and Use

Process for Account Creation

Eligibility: To create an account on mycloudminingfactory.com, users must be at least 18 years of age or the legal age of majority in their jurisdiction, whichever is higher. By registering for an account, users affirm that they meet this age requirement and all other eligibility criteria outlined in our User Eligibility section.

Registration Information: Users must provide accurate, current, and complete information during the registration process. This includes a valid email address, a secure password, and any other information requested in the registration form. Users agree to maintain the accuracy of such information and promptly update any details that may change over time.

Account Verification: Depending on jurisdictional requirements, users may be subject to a verification process. This may include providing additional information and documentation to verify identity and comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Failure to complete verification, if requested, may result in account suspension or termination.

Account Approval: The completion of the registration and verification process does not automatically grant the right to use our services. mycloudminingfactory.com reserves the right to refuse or revoke account access at our discretion, consistent with legal and regulatory requirements.

Account Responsibilities and Security

Account Security: Users are responsible for maintaining the confidentiality of their account login information, including their password, and for all activities that occur under their account. Users agree to:

Use strong passwords and regularly update their password.

Avoid sharing account details with others.

Notify mycloudminingfactory.com immediately of any unauthorized use of their account or any other breach of security.

Security Measures: mycloudminingfactory.com implements robust security measures to protect user accounts and personal information. However, users acknowledge that no internet transmission method or electronic storage solution is entirely secure. While we strive to use commercially acceptable means to protect your information, we cannot guarantee its absolute security.

Account Usage: Users must not use their accounts for any unlawful activities or in ways that violate the Terms and Conditions of mycloudminingfactory.com. This includes, but is not limited to, engaging in fraudulent activities, money laundering, or financing terrorist organizations.

Legal Compliance: Users agree to comply with all local, state, national, and international laws and regulations applicable to their use of mycloudminingfactory.com. Users are solely responsible for ensuring compliance with the legal statutes and regulations in their jurisdiction.

Account Transferability: Accounts on mycloudminingfactory.com are not transferable. Users may not assign or transfer their accounts, user ID, or any account rights to another party without the express written consent of mycloudminingfactory.com.

Account Activity Monitoring: mycloudminingfactory.com reserves the right to monitor account activity. If an account is found to be engaged in activities that are deemed suspicious, illegal, or in violation of our Terms and Conditions, we may take appropriate actions, including but not limited to, suspending access to the account, terminating the account, and reporting to relevant law enforcement authorities.

Termination and Suspension: mycloudminingfactory.com reserves the right to suspend or terminate accounts that violate our Terms and Conditions, exhibit suspicious activity, or fail to comply with legal and regulatory requirements. Users will be notified of the reasons for suspension or termination, unless such notification violates the law or compromises security efforts.

By registering for an account on mycloudminingfactory.com, users agree to abide by these terms, ensuring a secure and legally compliant environment for all participants in the cloud mining ecosystem.

  1. Purchase of Cloud Mining Packages

How to Purchase Cloud Mining Packages:

To purchase a cloud mining package on mycloudminingfactory.com, users must first register an account and complete any required identity verification processes to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Following registration, users can browse available cloud mining packages, each detailed with specific terrahash power, and associated costs, including any upfront charges and ongoing electricity fees.

Purchases are made exclusively in cryptocurrency, with the website providing clear instructions on how to complete transactions securely. Upon successful payment, the user will receive a confirmation email with details of the purchase, including a digital receipt and the expected timeline for the commencement of mining operations.

Description of contracts and Their Use in the Service:

Each cloud mining package is represented by a contracts that signifies ownership and the right to receive mining rewards proportional to the terrahash power purchased. These contracts are unique digital assets stored on the blockchain, ensuring transparency, security, and ease of transferability. Users must stake their contracts on the platform to activate their cloud mining service. The contracts are tradable, allowing users to sell or transfer their mining contracts to others if desired.

The use of contracts in our service allows for a decentralized, verifiable, and flexible approach to cloud mining contracts. It empowers users with the ability to manage their contracts directly and provides an additional layer of potential value through the tradeability of the contracts themselves.

Limitations on the Number of Packages and Terrahash Power Available:

The availability of cloud mining packages is subject to limitations based on the total terrahash power the company can support, ensuring the sustainability and efficiency of mining operations. These limitations are determined by the capacity of our mining hardware, energy supply agreements, and the need to maintain optimal performance and profitability for all users.

Terrahash Limitation: The total amount of terrahash power available for purchase is capped at 66,000.00 TH/s. This cap ensures that our mining operations remain efficient and sustainable, offering a fair distribution of resources and rewards among all users.

Package Limitation: Sales are limited to the availability of one container of mining hardware per user. This measure is in place to prevent monopolization of resources and to ensure that a wide range of clients can participate in the cloud mining project.

First-Come, First-Served Basis: Packages are sold on a first-come, first-served basis. In the event that demand exceeds supply, the company reserves the right to implement a waiting list or to offer refunds to users who are unable to secure a mining package due to capacity constraints.

Users are encouraged to review the specific terms and conditions associated with their cloud mining package at the time of purchase. The company commits to transparency in the allocation of resources and will provide timely updates to users regarding the availability of additional terrahash power or changes in the limitations on package purchases.

  1. Pricing and Payment Terms

Pricing Structure for Cloud Mining Packages

The pricing of our cloud mining packages is determined based on several factors, including the current market value of Bitcoin, the total computing power of the package (measured in Terrahash), and the operational costs associated with mining. Our packages are designed to offer a variety of options to accommodate different levels of interest and capacity. The specific price of each package will be listed on our website, mycloudminingfactory.com, and is subject to change in response to market conditions and operational costs. However, once a customer purchases a cloud mining package, the price for that package is locked in and will not change for the duration of the contract term.

Payment Methods Accepted

We accept payment exclusively in cryptocurrencies to align with our commitment to blockchain technology and to provide a secure, transparent, and efficient transaction process. Accepted cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies listed on our website at the time of purchase. The specific cryptocurrencies accepted may be updated from time to time to reflect changes in the cryptocurrency market and in response to customer demand.

Fixed Electricity Pricing and Separate Payments

Electricity costs are a significant component of cloud mining operations. To provide our clients with stability and predictability in their cloud mining contracts, we have secured a fixed electricity price for a period of 3 years. This fixed rate ensures that fluctuations in energy prices will not affect the operational costs of mining during this period.

Electricity costs are not included in the price of the cloud mining package and must be paid separately by the client. Clients are required to pay for electricity one month in advance of mining operations starting. This pre-payment approach includes a 1-month warranty deposit along with the first month’s electricity fee. The warranty deposit is designed to cover any potential unforeseen increases in electricity consumption or price changes outside the fixed rate. This deposit is refundable at the end of the contract term, provided there are no outstanding charges or damages.

Refund Policy

In the event that a client wishes to cancel their cloud mining package purchase, or if we are unable to proceed with mining operations due to not meeting the required sales threshold for hardware purchase, refunds will be issued in the amount paid by the client, converted to USDT (Tether) at the market rate at the time of the refund processing. This approach ensures that refunds are made in a stable currency, protecting both the client and our operations from volatility in the market. Refunds will be processed and returned to the wallet address from which the original payment was made.

Clients should note that the conversion to USDT may result in a difference in the returned amount due to fluctuations in the value of the cryptocurrency used for payment relative to USDT. Clients are encouraged to consider this risk when choosing the cryptocurrency for payment.

By purchasing a cloud mining package, clients acknowledge and agree to these pricing and payment terms. These terms are designed to ensure transparency, fairness, and clarity in our pricing and payment processes, providing a solid foundation for your cloud mining with us.

  1. Mining Operations

Expected Start Time of Mining Operations

The initiation of mining operations is subject to a preparatory lead time of approximately three months from the date of finalizing the purchase of a cloud mining package. This period is essential for the setup and calibration of mining hardware, securing and finalizing energy supply contracts, and ensuring all systems are operational to commence mining activities. The three-month lead time is an estimate and may be subject to variations due to unforeseen circumstances or delays in logistics, hardware supply, or regulatory approvals. Clients will be notified of the exact start date of mining operations as soon as it is confirmed.

Description of Mining Hardware and Energy Sources

Our cloud mining service utilizes the latest and most efficient mining hardware available on the market, ensuring a high hash rate and optimal energy efficiency. The specific models and configurations of mining hardware are selected based on performance benchmarks, longevity, and energy consumption metrics to ensure the sustainability and profitability of mining operations.

The energy required to power the mining hardware is sourced entirely from renewable energy sources, aligning with our commitment to environmental responsibility and sustainability. Our operations are powered by green energy sources, including hydroelectric power, which provides a reliable and eco-friendly energy supply while minimizing the carbon footprint of mining operations.

Information on Hydro Cooling Technology and Sustainability Practices

To further enhance the efficiency and sustainability of our mining operations, we employ advanced hydro cooling technology. This cooling method utilizes water to manage the temperature of mining hardware, significantly reducing the energy consumption typically associated with traditional air cooling methods. The use of hydro cooling technology not only ensures that our mining hardware operates within optimal temperature ranges, thereby extending its lifespan and maintaining efficiency, but also aligns with our commitment to minimizing environmental impact.

The water used in the hydro cooling process is sourced in a manner that respects local water resources and ecosystems. Following its use in cooling, the water is treated and repurposed for agricultural or other environmentally beneficial uses, whenever possible. This approach to water management exemplifies our dedication to sustainability practices and our commitment to contributing positively to the environment.

Legal Considerations

In the conduct of our mining operations, we adhere strictly to all applicable local and international laws and regulations pertaining to energy use, environmental protection, and mining. Our operations are designed to be fully compliant with environmental standards, including emissions regulations, water use permissions, and waste management protocols.

Clients are advised that the commencement and continuation of mining operations are contingent upon maintaining regulatory compliance and securing necessary approvals and permits. Any changes in legislation or regulation that impact the ability to conduct mining operations may result in adjustments to the start time, duration, or the operational capacity of mining activities. In such cases, clients will be informed promptly of any changes that may affect their mining contracts or the profitability.

  1. Rewards and Distribution

This section outlines the process and legal framework governing the calculation and distribution of mining rewards to users of mycloudminingfactory.com. By participating in our cloud mining services, users agree to the following terms regarding the rewards earned through the mining of Bitcoin and the subsequent distribution of these rewards.

Calculation of Mining Rewards

Basis of Calculation: Mining rewards are calculated based on the proportion of the computing power (measured in Terrahash) that a user’s cloud mining package contributes to the total computing power of our mining operation. This proportional contribution determines the share of the total Bitcoin mined by the operation that is attributable to the user.

Mining Efficiency and Rewards: The efficiency of mining operations can fluctuate based on factors including, but not limited to, the difficulty level of the Bitcoin network and the overall hash rate. These factors can influence the amount of Bitcoin mined and, consequently, the rewards due to users.

Transparency in Calculation: mycloudminingfactory.com commits to providing transparency in the calculation of mining rewards. Users will have access to dashboards or reports detailing their mining activity, the total Bitcoin mined by the operation, and the user’s share of these rewards.

Distribution of Mining Rewards

Direct Transfer: Mining rewards are distributed by direct transfer to the user’s designated private wallet. Users must provide a valid Bitcoin wallet address to receive their rewards. It is the user’s responsibility to ensure that the wallet address provided is accurate and capable of receiving Bitcoin.

Frequency of Distribution: Rewards are distributed on a [specify frequency, e.g., daily, weekly, monthly] basis. The specific timing of reward distribution will be communicated to users via their account dashboard and/or email notifications.

Security Measures: To safeguard the transfer of mining rewards, mycloudminingfactory.com implements stringent security measures. However, users are solely responsible for the security of their private wallet and the safekeeping of their private keys. mycloudminingfactory.com is not responsible for losses incurred due to compromised wallet security on the user’s part.

Transaction Fees: Users acknowledge that transactions on the Bitcoin network may incur network fees. The amount of such fees is determined by the network and not by mycloudminingfactory.com. Network fees will be deducted from the mining rewards at the time of distribution, and users will receive the net amount after such deductions.

Legal Aspects

Taxation: Users are solely responsible for determining any tax implications related to their received mining rewards. Users must comply with applicable tax laws in their jurisdiction, including reporting and payment of taxes on mining rewards.

Compliance: Users agree to comply with all applicable laws and regulations in their use of mycloudminingfactory.com’s cloud mining services. This includes adherence to laws relating to financial transactions and cryptocurrencies.

Changes to Terms: mycloudminingfactory.com reserves the right to modify the terms governing the calculation and distribution of mining rewards. Any changes will be communicated to users through the website and/or email notifications. Continued use of the service following such changes constitutes acceptance of the new terms.

By participating in cloud mining services offered by mycloudminingfactory.com, users agree to these terms, acknowledging their understanding of the process and legalities surrounding the calculation and distribution of mining rewards.

  1. Refund and Cancellation Policy

This Refund and Cancellation Policy outlines the specific conditions under which sales of cloud mining packages offered by mycloudminingfactory.com are considered finalized, the circumstances that may lead to a refund, and the process for canceling a purchase. Additionally, this policy details any potential penalties associated with cancellation.

Finalization of Sales

Sales of cloud mining packages through mycloudminingfactory.com are deemed finalized under the following conditions:

Successful Transaction: Upon the successful completion of a payment transaction, where the purchaser’s payment in cryptocurrency is confirmed on the blockchain.

Receipt of contracts: The buyer is considered to have finalized the sale upon receipt of the contracts representing the cloud mining contract.

Confirmation Email: A confirmation email sent to the purchaser acknowledging the successful transaction and detailing the purchased cloud mining package.

Conditions for Refund

A refund may be issued under the following specific conditions:

Failure to Meet Sales Target: If mycloudminingfactory.com fails to meet the predetermined sales target of one container equivalent to 66,000.00 Terrahash of mining power, the company will issue a full refund to all purchasers.

Refund Currency: All refunds under this condition will be processed in USDT (Tether) to the cryptocurrency wallet address provided by the purchaser at the time of sale.

Processing Time: Refund processing will begin within 7 business days from the announcement date that the sales target was not met. The exact timing of the refund receipt may depend on blockchain transaction times and may be subject to network fees, which are not covered by mycloudminingfactory.com.

Cancellation Process

Purchasers may request the cancellation of their cloud mining package under the following process:

Cancellation Request: A written cancellation request must be submitted via the official email address provided on mycloudminingfactory.com. The request must include the purchaser’s full name, transaction ID, and the wallet address used for the purchase.

Review Period: Cancellation requests will be reviewed within 5 business days. During this time, the purchaser’s eligibility for cancellation and refund will be assessed.

Cancellation Confirmation: If the cancellation is approved, the purchaser will receive a confirmation email, and the contracts representing the cloud mining contract must be returned to a specified wallet address provided by mycloudminingfactory.com.

Potential Penalties

Cancellation Fee: A cancellation fee may be applied, deducted from the refund amount. This fee covers transaction and administrative costs incurred by mycloudminingfactory.com. The specific fee amount will be disclosed at the time of the cancellation request approval.

Market Fluctuations: The refund amount in USDT will be calculated based on the market value at the time of the original purchase. mycloudminingfactory.com is not responsible for any loss due to market fluctuations between the time of purchase and the time of refund.

Legal Considerations

This Refund and Cancellation Policy is governed by the laws applicable in the jurisdiction where mycloudminingfactory.com operates. It is designed to comply with local and international regulations concerning cryptocurrency transactions.

The policy is subject to change without prior notice. However, any changes will be communicated through official channels, including email notifications and updates on the website.

By purchasing a cloud mining package from mycloudminingfactory.com, the purchaser agrees to the terms outlined in this Refund and Cancellation Policy.

  1. Electricity Payment and Costs

Overview

Electricity costs represent a significant component of cloud mining operations. At mycloudminingfactory.com, we strive to maintain transparency and fairness in how these costs are managed and charged to our clients. The electricity utilized in our mining operations is paid separately from the cloud mining package purchase, ensuring that the energy costs are directly correlated with the actual consumption and current market prices.

Fixed Electricity Pricing Agreement

To provide our clients with stability and predictability in their cloud mining package, we have secured a fixed electricity price for a period of 3 years. This fixed rate is designed to shield our clients from the volatility commonly associated with energy markets, thus providing a more stable basis for calculating potential mining profitability.

Electricity Cost Payments

Monthly Payments: Clients are required to pay for electricity on a monthly basis. This payment is due one month in advance of the service being rendered to ensure uninterrupted mining operations.

Payment Method: All electricity cost payments must be made in cryptocurrency, aligning with our platform’s operational framework and ensuring swift and secure transactions.

Pre-payment and Warranty Deposit

Initial Payment: Upon the commencement of the mining contract, clients are required to make an initial payment covering the first month of electricity usage, in addition to a warranty deposit. The warranty deposit is equivalent to one month’s estimated electricity cost. This deposit serves as a security measure to cover any unforeseen increases in consumption or potential delinquencies.

Usage of Deposit: The warranty deposit will be held for the duration of the mining contract and can be used to cover the final month’s electricity cost, provided all prior monthly payments have been made in full and on time. Alternatively, should there be any discrepancies in electricity usage or payments, the deposit may be applied accordingly.

Calculation of Electricity Costs

Basis of Calculation: The electricity cost for each client’s cloud mining operation is calculated based on the actual power consumption of their allocated mining hardware, measured in kWh (kilowatt-hours). The fixed electricity rate, agreed upon at the commencement of the contract, is applied to this consumption to determine the monthly charge.

Transparency and Reporting: Detailed reports of electricity usage will be provided to clients on a monthly basis, alongside the invoice for the upcoming month’s electricity payment. These reports aim to ensure complete transparency regarding the energy consumption of the client’s mining activities.

Late Payment and Non-Payment

Consequences: Late payments or failure to pay the electricity cost may result in temporary suspension of mining operations. We understand that unforeseen circumstances can occur and encourage clients to communicate with our customer support team to arrange for any necessary payment extensions or plans.

Reactivation: Suspended mining operations due to non-payment will be reactivated upon receipt of the outstanding balance, including any applicable late payment fees.

Legal Considerations

Agreement Compliance: Clients agree to adhere to the terms outlined within this section as part of their overall contract with mycloudminingfactory.com. Failure to comply with these terms may result in legal action to recover any unpaid costs or damages.

Amendments: The terms related to electricity payment and costs are subject to change based on fluctuations in the energy market or changes in legislation. Any amendments to these terms will be communicated to clients in accordance with the procedure outlined in the “Amendments to Terms and Conditions” section of this agreement.

11 Electricity Payment and Costs

Detailed Explanation of Electricity Cost Payments

The electricity costs associated with the operation of the cloud mining hardware are not included in the initial purchase price of the cloud mining packages. Instead, these costs are billed separately and must be covered by the client to maintain the operational status of the mining activities associated with their purchased cloud mining package.

The electricity fees are calculated based on the actual energy consumption of the mining hardware allocated to the client’s cloud mining package, at rates fixed for a period of 3 years. This fixed-rate model is designed to shield our clients from the volatility commonly associated with energy prices, providing a stable and predictable expense that can be factored into the client’s calculations.

Pre-Payment and Warranty Deposit Information

Upon the commencement of the mining operations, clients are required to pre-pay the electricity costs one month in advance. This pre-payment ensures that there are sufficient funds to cover the energy expenses of the upcoming month, allowing for uninterrupted mining operations.

In addition to the pre-payment of electricity costs, clients are also required to provide a warranty deposit equivalent to one month’s estimated electricity cost at the start of their contract. This deposit serves as a security measure to cover any potential shortfalls in payment and is fully refundable at the end of the contract, provided that there have been no defaults on electricity payments.

Non-Payment and Consequences

In the event that a client fails to make the required electricity payments, the following process will be initiated:

First Notification: Upon the first missed payment, the client will receive a notification alerting them of the non-payment and reminding them of their obligation to pay the electricity costs to maintain their mining operations. Clients will be given a grace period of 7 days from the issuance of this notification to settle the outstanding payment.

Second Notification: If the payment remains outstanding after the grace period, a second notification will be issued, providing an additional 7 days to make the necessary payment. This notification will also include a warning that failure to pay may result in the suspension of mining operations and potential forfeiture of the associated contracts.

Final Notification: A final notification will be sent if the payment is not received within the second grace period. This notification will serve as the final warning before taking action to suspend mining operations.

Suspension of Operations and contracts Forfeiture: If the client fails to make the required payment after the third notification, we reserve the right to suspend the mining operations associated with the client’s package. Furthermore, the client’s contracts may be burned, and the hash power reclaimed by the company. This measure is a last resort and is intended to ensure the sustainability of the mining operations and the fairness of the service to all clients.

Clients are encouraged to maintain open communication with our customer service team to avoid reaching the point of suspension and contracts forfeiture. We understand that circumstances can arise which might affect a client’s ability to make timely payments, and we are committed to working with our clients to find amicable solutions wherever possible.

  1. Staking and Activation of Mining

Introduction

This section outlines the process for staking contracts to activate cloud mining operations on mycloudminingfactory.com, as well as the procedure for unstaking contracts. The staking of contracts is a crucial step in participating in our cloud mining services, signifying the user’s commitment and readiness to commence mining operations. The terms outlined herein are designed to ensure clarity, compliance, and understanding of the legal implications associated with staking and activation of mining operations.

Staking Process

contracts Ownership: Upon purchasing a cloud mining package from mycloudminingfactory.com, the client will receive a corresponding contracts. This contracts represents the client’s right to a specific share of the mining operation’s output for a predetermined period (1 year from the date of purchase).

Account Setup: Prior to staking, clients must ensure they have a registered and verified account on mycloudminingfactory.com. All account holders are required to complete KYC (Know Your Customer) verification to comply with global AML (Anti-Money Laundering) regulations.

Staking Activation: To initiate the mining process, clients must stake their contracts through the mycloudminingfactory.com platform. Staking involves locking the contracts within our platform, which then allocates the corresponding mining power to the client’s account.

Initiation: Staking is initiated through the user dashboard on mycloudminingfactory.com. Clients will select the contracts they wish to stake and confirm their selection.

Confirmation: Upon confirmation, the contracts will be locked, and the mining power represented by the contracts will become active. An electronic record confirming the staking and activation of mining power will be sent to the client’s registered email address.

Legal Acknowledgment: By staking contracts, the client legally acknowledges their understanding and agreement to participate in the mining operations under the terms and conditions outlined by mycloudminingfactory.com. The client confirms that they are staking the contracts voluntarily, with a clear understanding of the associated risks and rewards.

Unstaking Process

Request for Unstaking: Clients may request to unstake their contracts through their user dashboard. Unstaking an contracts deactivates the associated mining operations for the client’s account and removes the lock on the contracts, making it available for trading or transfer.

Conditions for Unstaking:

Notice Period: Clients must provide a notice period as defined in the specific terms of their cloud mining package. This notice period is necessary to smoothly transition the allocated mining power without disrupting the overall mining operations.

Operational Impact: Clients acknowledge that unstaking an contracts will result in the cessation of mining rewards generation for the portion of the mining power associated with the unstaked contracts.

Completion of Unstaking: Once the notice period has elapsed and any required conditions have been met, the contracts will be unstaked, and the client will receive confirmation via email. The contracts will then be available in the client’s account for transfer or sale.

Legal Considerations

Compliance: All staking and unstaking processes are designed to comply with applicable laws and regulations, including but not limited to KYC and AML standards.

Risks: Clients acknowledge the inherent risks associated with mining, including market volatility and the potential for changes in mining profitability.

No Guarantee: mycloudminingfactory.com does not guarantee any specific return or profitability from staking contracts for cloud mining operations. Clients acknowledge that they have made an informed decision to stake contracts based on their understanding of the market and the information provided by mycloudminingfactory.com.

13 Risks and Disclaimers

Acknowledgment of Risks Involved in Cloud Mining 

By engaging in cloud mining activities through mycloudminingfactory.com, you (“the User”) acknowledge and accept the inherent risks associated with mining. These risks include, but are not limited to, the following:

Market Volatility: The User understands that cryptocurrencies are extremely volatile. The value of Bitcoin and other cryptocurrencies can fluctuate widely in a very short period. Such volatility can affect the profitability of cloud mining operations. The User acknowledges that mycloudminingfactory.com has no control over market dynamics and cannot be held responsible for any loss due to market fluctuations.

Operational Risks: Cloud mining operations depend on various factors, including hardware efficiency, energy supply, and internet connectivity. Despite our commitment to using the latest mining hardware and renewable energy sources, the User accepts that there are operational risks that could lead to interruptions in mining operations. These include, but are not limited to, equipment failure, power outages, or maintenance requirements. The User agrees that mycloudminingfactory.com is not liable for losses resulting from such operational issues.

Regulatory Risks: The regulatory environment for cryptocurrencies is uncertain and can change rapidly. The User acknowledges that changes in laws, regulations, or government policies in any jurisdiction where mycloudminingfactory.com operates or where the User resides could significantly affect the ability to conduct cloud mining operations or the User’s ability to access or use their cryptocurrency. The User agrees that mycloudminingfactory.com is not responsible for losses or damages resulting from such regulatory changes.

Technology Risks: The User acknowledges the risk of security vulnerabilities in the blockchain technology and the potential for theft, loss, or hacking of cryptocurrencies. While mycloudminingfactory.com commits to employing advanced security protocols to protect digital assets and user information, the User recognizes that no security measures are infallible. The User agrees that mycloudminingfactory.com cannot be held liable for any breach of security or loss of cryptocurrencies due to external hacking attempts or other security breaches.

Cryptocurrency Transactions: Transactions in cryptocurrencies are irreversible. The User acknowledges that once a transaction is executed, it cannot be undone. The User agrees that mycloudminingfactory.com is not responsible for losses incurred due to sending cryptocurrencies to an incorrect wallet address provided by the User.

Tax Liability: The User is solely responsible for determining any tax implications of their cryptocurrency transactions or earnings from cloud mining. The User agrees to comply with all relevant tax regulations in their jurisdiction and acknowledges that mycloudminingfactory.com does not offer tax advice or services.

Risk: The User acknowledges that purchasing cloud mining contracts involves risk and that they should only use funds that they are prepared to lose entirely. The User understands that the past performance of markets does not guarantee future results.

14 Regulatory Compliance

Adherence to Local and International Laws

mycloudminingfactory.com (hereinafter referred to as “The Cloud Mining Factory” or “the Service”) is committed to operating in full compliance with all applicable laws and regulations in the jurisdictions in which we operate. This commitment extends to adhering to both local and international legal standards governing financial transactions, digital assets, and online services. Our operations are designed to respect the legal frameworks surrounding cryptocurrency mining, financial services, digital securities, and consumer protection.

To ensure this adherence, mycloudminingfactory regularly consults with legal experts and stays informed of new and evolving legislation in the cryptocurrency and blockchain sectors. We adjust our policies, operations, and compliance protocols accordingly to remain aligned with legal requirements. This includes, but is not limited to, compliance with tax laws, securities regulations, anti-fraud, and consumer protection statutes.

KYC (Know Your Customer) Policies

The Cloud Mining Factory implements a comprehensive Know Your Customer (KYC) policy to prevent identity theft, financial fraud, money laundering, and terrorist financing. Our KYC procedures are an essential part of our broader commitment to legal compliance and the security of our platform and its users. The following outlines our KYC policy:

Identity Verification: All users wishing to purchase cloud mining packages through The Cloud Mining Factory must undergo an identity verification process. This process requires users to provide valid government-issued identification documents, such as a passport or driver’s license, and in some cases, a recent utility bill or bank statement to verify their residence.

Account Validation: Upon submission of the required documents, The Cloud Mining Factory will validate the information to ensure its authenticity. This process includes, but is not limited to, checking the documents against public records, third-party databases, and other verification services.

Continuous Monitoring: The Cloud Mining Factory reserves the right to conduct ongoing monitoring of user accounts to detect and prevent unauthorized or suspicious activity. This may involve revisiting and updating KYC information as needed.

User Cooperation: Users are expected to cooperate with The Cloud Mining Factory’s KYC process and provide any additional information requested for verification purposes. Failure to comply with KYC requirements may result in the suspension or termination of the user’s account.

AML (Anti-Money Laundering) Policies

In conjunction with our KYC policies, The Cloud Mining Factory has established robust Anti-Money Laundering (AML) procedures to detect, prevent, and report potentially illicit activities. Our AML policies include:

Transaction Monitoring: The Cloud Mining Factory monitors transactions for signs of money laundering or terrorist financing activities. This includes analyzing transaction patterns, investigating large or unusual transactions, and reviewing transactions that do not conform to the user’s typical behavior.

Reporting Obligations: In accordance with legal requirements, The Cloud Mining Factory will report any suspicious activities to the relevant authorities without prior notice to the user involved. This includes, but is not limited to, transactions that we believe involve proceeds from illegal activities or are related to money laundering or terrorist financing.

User Due Diligence: The Cloud Mining Factory conducts due diligence on users to assess their risk level in relation to money laundering and terrorist financing. High-risk individuals or entities may be subject to enhanced scrutiny and monitoring.

Compliance Officer: The Cloud Mining Factory has appointed a Compliance Officer responsible for overseeing the implementation and enforcement of our AML policies. The Compliance Officer also serves as the primary contact for regulatory bodies and law enforcement agencies.

15 Privacy Policy

Overview

At mycloudminingfactory.com, we are committed to protecting the privacy and security of our users’ information. This Privacy Policy outlines the types of personal information we collect, how it is used, and the measures we take to ensure its protection. By using our services, you agree to the collection, use, and sharing of your information as described in this policy. We encourage you to read the full document to understand our practices fully.

Information Collection

Personal Identification Information: We collect information that can be used to identify you personally, such as your name, email address, and cryptocurrency wallet addresses, when you register for an account, purchase a cloud mining package, or participate in our forums.

Financial Information: Given that transactions on our platform are conducted using cryptocurrencies, we may collect transaction identifiers and wallet addresses to process purchases, issue refunds, and manage the distribution of mining rewards.

Technical and Usage Information: When you access our website, we automatically collect information sent by your computer, mobile device, or other access devices. This includes your IP address, device information (such as hardware model and operating system), browser type, and information about your use of our website through cookies and similar technologies.

Use of Information

To Provide Services: Your information is used to manage your account, provide customer support, process transactions, and distribute mining rewards directly to your wallet.

For Improvement and Maintenance: We use collected information to understand how our services are used, which helps us improve our website and services, and to detect and prevent fraud or other unauthorized activities.

Communication: We may use your information to communicate with you about your account, our services, and any changes to our policies or terms. We may also send promotional messages or alerts that we believe may be of interest to you.

Sharing of Information

With Service Providers: We share your information with third-party service providers who perform services on our behalf, such as payment processing, data analysis, email delivery, hosting services, and customer service.

Legal Requirements: We may disclose your information if required by law or if we believe in good faith that such action is necessary to comply with legal processes, enforce our terms, or protect the rights, property, or safety of our company, our users, or others.

With Your Consent: Apart from the reasons mentioned above, we may share your information with third parties when we have your explicit consent to do so.

Protection of Information

We implement a variety of security measures, including encryption and authentication tools, to maintain the safety of your personal information. However, no method of transmission over the Internet or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.

Data Retention

We retain your personal information for as long as your account is active or as needed to provide you services. We will also retain and use your information as necessary to comply with our legal obligations, resolve disputes, and enforce our agreements.

Your Rights

You have the right to access, correct, or delete your personal data provided to us. You can manage your information through your account settings or by contacting our customer support. Additionally, you may have rights to object to some processing and, where we have asked for your consent to process your data, to withdraw this consent.

Changes to the Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new policy on this page and updating the “Last Updated” date. We encourage you to review this Privacy Policy periodically for any changes.

Contact Us

If you have any questions about this Privacy Policy or our data practices, please contact us at: info@mycloudminingfactory.com

16 Limitation of Liability

This section of the Terms and Conditions (“Terms”) outlines the limitations on the liability of mycloudminingfactory.com (“Company”, “we”, “our”, or “us”) and the acknowledgment of risks by the user (“User”, “you”, or “your”). By using our services, you agree to the limitations of liability set forth herein and acknowledge the inherent risks associated with cloud mining.

  1. Limitations on Company’s Liability
  2. General Limitation: The Company shall not be liable for any damages or losses arising out of or in connection with the use of our cloud mining services, website, or any other services provided, beyond the amount paid by you for the services during the six (6) months preceding the date of the claim.
  3. Indirect Damages: Under no circumstances will the Company be liable for any indirect, incidental, consequential, special, or exemplary damages arising out of or in connection with your use of our services, including, but not limited to, loss of revenue, profits, business, data, or other economic advantage, even if the Company has been advised of the possibility of such damages.
  4. Force Majeure: The Company shall not be liable for any failure to perform its obligations hereunder where such failure results from any cause beyond the Company’s reasonable control, including, without limitation, mechanical, electronic, or communications failure or degradation, acts of God, natural disasters, pandemics, terrorism, governmental actions, or orders of domestic or foreign courts or tribunals.
  5. Service Interruptions: While we strive to maintain the continuity of our services, the Company shall not be liable for any interruption or downtime of the cloud mining services, loss of data, or interruption of business, resulting from external factors, system malfunctions, maintenance procedures, or other factors beyond our control.
  6. Accuracy of Information: The Company does not warrant the accuracy, completeness, or usefulness of any information provided on the website or through the services and shall not be liable for any errors or omissions in the content, nor for any loss or damage incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available through the services.
  1. User’s Risk Acknowledgment
  2. Risks: You acknowledge and agree that mining carries significant risks, including the potential loss. The value of mining is highly volatile and may fluctuate widely. You should carefully consider whether such contracts are suitable for you in light of your circumstances and financial resources.
  3. Operational Risks: You understand that cloud mining involves risks associated with the technology and the Internet, including the risk of hardware failure, network connectivity errors, and security breaches. You agree that the Company is not responsible for any losses or damages resulting from such operational risks.
  4. Regulatory Risks: The regulatory status of  cloud mining is uncertain and may change. You acknowledge that changes in laws, regulations, or governmental policies may materially affect the use, transfer, exchange, and value of our company and could lead to legal actions or proceedings involving the Company. You agree that the Company is not liable for any losses or damages caused by regulatory actions or changes.
  5. No Guarantee of Profit: The Company makes no representations or guarantees that you will make a profit from your cloud mining contract. You acknowledge that all contracts carry the risk of loss and that the Company is not liable for any decisions or payments made based on information obtained from the services.

17 Amendments to Terms and Conditions

Process for Updating or Modifying Terms

mycloudminingfactory.com reserves the right, at its sole discretion, to update, change, modify, add, or remove portions of these Terms and Conditions at any time. Such changes are deemed necessary for a range of reasons, including but not limited to, complying with new legal requirements, adapting to technological advancements, or improving user experience. The process for making these amendments is as follows:

Review and Drafting: Our legal and compliance teams regularly review the Terms and Conditions to ensure they accurately reflect current operational practices, legal landscapes, and the technological environment. Should changes be deemed necessary, these teams will draft amendments in line with the required legal standards and best practices.

Internal Approval: Before any changes are made public, they must undergo a rigorous internal approval process. This ensures that all amendments are thoroughly vetted and aligned with our company’s policies, ethical guidelines, and legal obligations.

Implementation: Once approved, the updated Terms and Conditions will be implemented on the mycloudminingfactory.com website. The effective date of the new terms will be noted at the beginning of the document.

Notification Method for Changes

To ensure transparency and keep our users well-informed of any changes to the Terms and Conditions, mycloudminingfactory.com will utilize the following methods for notification:

Website Notification: A prominent notification will be posted on our website ahead of the effective date of the new Terms and Conditions. This notice will highlight the upcoming changes and provide users with an opportunity to review the revised document in full.

Email Communication: Registered users will receive an email notification regarding the amendments to the Terms and Conditions. This email will outline the nature of the changes and the reasons behind them, and it will include a link to the updated Terms and Conditions document. Users are encouraged to review the changes carefully to ensure continued compliance.

Acceptance of Updated Terms: Continued use of mycloudminingfactory.com’s services after the effective date of the updated Terms and Conditions will constitute acceptance of the revised terms. If a user disagrees with the changes, they have the right to terminate their account and discontinue the use of our services before the new terms take effect.

Legal Considerations

User Consent: It is understood that users’ continued use of the website and its services following the notification of changes to the Terms and Conditions constitutes their consent to be bound by the revised terms.

Archiving Previous Versions: For transparency and historical reference, previous versions of the Terms and Conditions will be archived and made available upon request. This ensures that users can access historical terms should the need arise.

Jurisdiction and Governing Law: Any disputes arising under the updated Terms and Conditions will be governed by the laws of the jurisdiction in which our company is registered. Users agree to the exclusive jurisdiction of these courts for resolving any such disputes.

  1. Termination of Services

This section outlines the conditions under which services provided by mycloudminingfactory.com (“the Website”) may be terminated and the subsequent effects of such termination on user accounts and contracts.

Conditions for Termination

Breach of Terms: The Website reserves the right to terminate services and access to its cloud mining platform for any user who violates the Terms and Conditions outlined herein. This includes, but is not limited to, fraudulent activities, misuse of services, unauthorized access to other users’ accounts, and any actions that could harm the Website or its users.

Non-Payment: Failure to fulfill payment obligations, such as not paying for the electricity costs associated with mining operations in a timely manner, will result in termination of services. Users will receive notifications and a grace period to rectify the payment issue before termination is enforced.

Regulatory or Legal Issues: Should continuing the service for a particular user become unlawful or subject to regulatory complications, the Website may terminate the service to comply with legal or regulatory requirements.

Operational Difficulties: If unforeseen operational difficulties or significant maintenance issues arise that cannot be resolved in a practical or timely manner, the Website may terminate services either temporarily or permanently.

User Request: Users may request termination of their accounts and services voluntarily. A formal request must be submitted through the Website’s designated channels for account closure.

Effects of Termination

User Accounts: Upon termination, the user’s account will be deactivated, and access to services, including the dashboard and any associated data, will be revoked. Users are advised to ensure that all necessary data or earnings are withdrawn or transferred out of their account prior to requesting termination or in response to a notification of impending termination due to breach or non-payment.

contracts and Mining Contracts: Termination of services will affect the status and usability of contracts associated with cloud mining contracts. Specifically:

If the Website terminates services due to breach or non-payment, the affected contracts will be considered void, and the user will forfeit any remaining mining capacity or potential earnings associated with those contracts.

In the case of termination due to regulatory issues, operational difficulties, or at the user’s request, the Website will examine the possibility of compensating users for the unused portion of their mining contracts through the market value of the contracts or through an alternative compensation mechanism, subject to legal and operational constraints.

Financial Settlements: Any pending financial settlements, including refunds for unused portions of prepaid services (if applicable and subject to the Website’s refund policy) or outstanding payments owed to the Website, will be processed in accordance with the terms agreed upon at the time of purchase or as subsequently modified.

Data Retention and Deletion: User data will be handled in accordance with the Website’s Privacy Policy upon termination. Necessary user data may be retained for a period to comply with legal obligations or to resolve disputes. After this period, user data will be deleted or anonymized, except where retention is required by law.

Notification: Users will be notified of the termination of their service via email or another communication method listed in their account. The notification will include details of the termination, including the reason for termination, the effective date, and instructions for any next steps that the user must take.

Legal Considerations

The Website will undertake termination actions in compliance with applicable laws and regulations.

Users have the right to appeal the termination decision through the Website’s dispute resolution process, if available, or through legal channels as permitted by law.

The Website disclaims any liability for losses or damages resulting from termination of services, to the extent permitted by law.

Refund

Refund and Returns Policy for MyCloudMiningFactory.com

Welcome to MyCloudMiningFactory.com. We are committed to ensuring the satisfaction of our clients with our cloud mining services. Understanding that circumstances can change, we offer a clear and concise Refund and Returns Policy regarding our digital purchases.

Eligibility for Refund

Process for Requesting a Refund

Refund Method

Conditions and Limitations

Cancellation of Services

Requesting a refund will result in the cancellation of the purchased cloud mining services. Access to the service will be revoked, and any accumulated mining rewards within the refund period will be forfeited.

Contact Us

For any questions or concerns regarding our Refund and Returns Policy, or to initiate a refund request, please contact our customer support team at support@mycloudminingfactory.com. We are here to assist you and ensure a smooth and transparent process.

Policy Changes

MyCloudMiningFactory.com reserves the right to modify this Refund and Returns Policy at any time. All changes will be effective immediately upon posting on our website. Clients are encouraged to review our policy periodically.

Thank you for choosing MyCloudMiningFactory.com for your cloud mining needs. We value your business and are dedicated to providing you with the best possible service and support.

Contact Us for Expert Guidance and Support

Our team of specialists is ready to assist you in embarking on your Bitcoin generation journey. Reach out to us for personalized support and to learn more about how our services can align with your objectives.

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