Terms of Service
Effective Date: January 1, 2025
Welcome to Digital Mining. These Terms of Service ("Terms") govern your use of the Digital Mining platform and services. By accessing or using our services, you agree to be bound by these Terms.
1. Definitions
- "Platform" refers to the Digital Mining website, applications, and related services.
- "User" refers to any individual who accesses or uses the Platform.
- "Contract" refers to a mining hashrate contract purchased through the Platform.
- "TH/s" refers to terahashes per second, a unit of mining power.
2. Eligibility
To use our Platform, you must:
- Be at least 18 years of age
- Have the legal capacity to enter into a binding agreement
- Not be a resident of a restricted jurisdiction
- Complete identity verification (KYC) as required
3. Mining Contracts
3.1 Contract Purchase
Each hashrate purchase creates a separate mining contract with a duration of 7–8 years. The contract price is calculated as: total TH/s × price per TH/s × contract years. Prices are set by Digital Mining and may change for new purchases.
3.2 Revenue Distribution
Mining revenue is distributed daily to your account balance. You receive 100% of net mining revenue after deduction of maintenance costs. Revenue depends on Bitcoin network difficulty, BTC price, and equipment performance.
3.3 No Guarantees
Mining revenue is variable and depends on factors outside our control, including Bitcoin price, network difficulty, and equipment availability. Past performance does not guarantee future results.
4. Refund Policy
You may request a refund for any active contract at any time during its duration. The refund amount is calculated as:
Refund = Purchase Price − (Purchase Price × 12% × Days Held ÷ 365)
Refunds are processed to the original payment method. Refund processing may take up to 14 business days.
5. Withdrawals
- Withdrawals are processed in USDC with a 2% processing fee
- Minimum and maximum withdrawal limits apply (configurable per account level)
- KYC verification must be completed before withdrawing
- A verified wallet address must be added to your account
6. Account Security
You are responsible for:
- Maintaining the confidentiality of your account credentials
- All activities that occur under your account
- Notifying us immediately of any unauthorized access
- Using strong passwords and enabling two-factor authentication when available
7. Prohibited Activities
You agree not to:
- Use the Platform for money laundering or other illegal activities
- Provide false or misleading information during registration or KYC
- Attempt to manipulate or exploit Platform systems
- Access accounts belonging to other users
- Circumvent security measures or geographic restrictions
8. KYC/AML Compliance
We are committed to compliance with anti-money laundering (AML) regulations. We reserve the right to:
- Request additional identity verification at any time
- Suspend or terminate accounts that fail to complete required verification
- Report suspicious activities to relevant authorities
- Freeze accounts pending investigation
9. Limitation of Liability
To the maximum extent permitted by law, Digital Mining shall not be liable for:
- Loss of mining revenue due to network difficulty changes
- Bitcoin price fluctuations
- Service interruptions due to maintenance or force majeure
- Losses resulting from unauthorized access to your account
10. Modifications
We reserve the right to modify these Terms at any time. Material changes will be communicated via email or Platform notification at least 30 days before taking effect. Continued use of the Platform after changes constitutes acceptance.
11. Governing Law
These Terms are governed by and construed in accordance with the laws of the Republic of Armenia. Any disputes shall be resolved through arbitration in Yerevan, Armenia.
12. Contact
For questions about these Terms, contact us at:
Email: support@digitalmining.com Location: Yerevan, Armenia