Terms of Service

CoinMinerz.com
Last Updated: Monday 1st July 2023

These Terms of Service govern your use of the CoinMinerz Pool and associated websites (collectively referred to as the "CoinMinerz Pool" or the "Services"). By accessing and using the CoinMinerz Pool, you agree to be bound by these Terms. If you do not agree with these Terms, you may not use the CoinMinerz Pool or the Services.

Modifications

CoinMinerz Mining Pool staff reserves the right to modify this Agreement and any related policies at any time. Any modifications made to the Agreement will become effective immediately upon being posted on the website. By continuing to use the CoinMinerz Pool and its websites after any modifications have been made, you are indicating your acceptance of the modified Agreement.

Payments & Mining

The CoinMinerz Pool operates mining and payment services using the PPLNT, SOLO, and PARTY methods. A 1% fee is charged for using these services, and this fee is automatically deducted from every block found. The purpose of this fee is to cover the running costs of the pool and occasional large transaction costs for payouts. The fee and reward system may change over time, but advance notice will be provided. Changes to fees will be communicated through the pool's Discord server and/or the CoinMinerz Pool News page.

Please note that submitting shares through your mining software or hardware does not guarantee instant conversion to coins. The pool must first find a block to claim block coin rewards, and payments to miners will be made based on the payment system used by the pool. It is your responsibility to ensure that the shares you have sent comply with the payment system rules and conditions. Once coins have been sent from the pool, it is your responsibility to track your coins and ensure that payment details, such as your miner's address for the specific coin you're mining, are correct. CoinMinerz Pool cannot undo committed transactions. Additionally, it is important to understand that coin mining is luck-based, and CoinMinerz Pool does not guarantee any specific return on mining time or hash power. The return rates displayed on the site are estimates based on statistical averages. Shares rejected by the pool as stale or invalid will not be paid for. Orphaned and rejected blocks will not be paid, but shares against these blocks will be transferred to the current mining round (if mining in PPLNT or PARTY mode) to ensure that no work is lost. In SOLO mode, a block is either found or not found. Any blocks found on an invalid chain due to a network fork will not be paid, and adjustments may be made to miners' balances to remove incorrect amounts. Automatic payouts occur every 30 minutes for confirmed blocks with a minimum balance of 1 per worker ID (wallet address).

Maintenance & Downtimes

The CoinMinerz Pool requires ongoing maintenance, and the operators are not liable for any losses that may occur during these periods. The operators make every effort to ensure that the website, stratums, coin wallets/daemons, database, and payment systems remain operational and that data is intact. However, there may be times when maintenance, upgrades, security work, or downtime is necessary for the health, security, and safety of the pool and its services and data. Planned and unplanned maintenance will be announced on the Pool News/Service Status or Mining Support sections of the Discord server. In emergency situations, advance notice may not be possible. The pool operators reserve the right to make changes to the pool's backend system to improve performance, security, and uptime. In the event of a change, all miner addresses, round shares, and pending/owed balances will be transferred to ensure that miners receive payment for the blocks found and confirmed by the network. Any remaining unpaid balances over 0.005 (or the lowest amount allowed by the coin network) will be sent to miners automatically or manually as soon as possible. The primary goal of the pool operators is to maintain uptime, access, and preserve miner and pool data to the best of their ability while ensuring prompt payments once issues are resolved.

Feedback & Help

For support from CoinMinerz Pool, the best way to seek assistance is through the Discord Server. Before seeking help, it is highly recommended that you review the FAQs, Terms of Service, and Getting Started sections of the website to see if your question can be answered. Posting negative and unfounded comments or accusations about CoinMinerz Pool or its staff without sufficient evidence or understanding of how cryptocurrency works may result in your topics being locked, your accounts being deleted, and your support requests being rejected. However, if you are experiencing a genuine issue with the pool, the support team will prioritize resolving the issue to ensure a positive mining experience for all miners. CoinMinerz Pool welcomes comments, ideas, and feedback to continually improve its services for miners and the community.

Information & Materials

CoinMinerz Pool and its operators do not make any warranties or guarantees regarding the accuracy, timeliness, performance, completeness, or suitability of the information and materials available on the CoinMinerz Pool website. You use the information and materials at your own risk, and the pool is not liable for any damage or loss incurred. It is your responsibility to ensure that the products, services, or information available on the website meet your specific requirements. You should conduct your own research and have a good understanding of the information and how cryptocurrency mining works.

Accounts

Please note that CoinMinerz Pool is not an electronic wallet or bank for your coins. The pool and its operators are not responsible for any loss of coins stored in the pool prior to confirmation and processing. However, regular backups are performed to minimize this risk. Accounts that have been inactive for more than 3 months (no mining activity) may be deleted, and remaining coin balances may be considered a pool donation. If you discover or suspect any security vulnerabilities in the site, it is your responsibility to immediately notify CoinMinerz Pool operators. Users who exploit or attempt to exploit security vulnerabilities or reveal personal information of any user will have their accounts deleted and may face legal action.

Service

In rare conditions, such as when a coin network dies or other problematic conditions caused by the coin network itself or its code, CoinMinerz Pool operators may stop the mining services for that particular coin and eventually close the site assigned to the coin's pool. In such cases, the operators will attempt to manually transfer coins where possible, unless the coin network is completely defunct. In the event of a blockchain fork caused by excessive miners joining the same pool and resulting in the pool holding more than 51% of the network's hash rate, the pool may encounter incorrectly marked blocks that are not accepted by the coin pool. In such rare cases, the CoinMinerz Pool operators will need to remove those incorrect blocks, as well as any related transactions and credits, in order to fix the continued service of the pool.

Misc

Botnets and browser-based mining software where end users are not aware of or condone the actions taking place are not welcome. Accounts with a large number of miners connecting from different IPs may be suspended if their connections are suspicious or if denial-of-service (DOS) attacks are detected, without prior notice. Multiple accounts controlled by one person may be considered as a botnet, but the operators will investigate each instance on a case-by-case basis to ensure compliance with the rules. CoinMinerz Pool aims to provide a great place for mining and ensure consistent service for miners of all scales. Any attempts to gain unauthorized access, manipulate systems, or take actions that disable or degrade services will result in a permanent ban on the originating IP address, reporting to the relevant service provider, and potential legal action.

Custom Payments & Difficulty

CoinMinerz Pool does not assume responsibility for the use of custom payout amounts, custom difficulty, or custom payout dates. Miners assume responsibility when they choose to mine with a higher custom payout amount than the recommended auto-set amount, or when they use a custom payout date and time different from the regular schedule of 30 minutes. The same applies to custom difficulty; miners assume the risk if they do not use the standard Vardiff settings on each stratum.

Financial & Crypto Advice

CoinMinerz and its associates are not financial or crypto advisers. All mining and investment decisions should be based on your own research. While CoinMinerz may provide opinions and guidance based on its knowledge, all decisions made are your own responsibility.

Risk

Crypto mining carries various degrees of risk on multiple levels. CoinMinerz Pool will not be held responsible for any losses incurred by using its services, whether direct or indirect. By mining with CoinMinerz, whether using mining rigs, hardware, software, or rental services, you accept this risk. It is your responsibility to ensure that your mining equipment and software are correctly configured and registered on the pool system. You should also have a good understanding of mining, how the mining process and the pool work, and ensure that your mining setup submits valid shares. CoinMinerz Pool does not pay out for invalid/rejected/duplicate shares, orphaned/kicked/rejected blocks, misconfigured/unhealthy miners, network issues, downtime, or reimburse any mining rentals or associated mining/power costs. This includes issues caused by end-user error, external or internal factors beyond the pool's control. If you suspect an issue, it is important to contact CoinMinerz Pool as soon as possible for assistance. Regular monitoring and taking proactive action are critical. Please ensure you follow the guides, best practices, and instructions provided by CoinMinerz Pool.

Privacy, Cookies & GDPR

CoinMinerz Pool takes user privacy seriously. The pool system collects only the mining wallet address and IP address for debug logs. When contacting Mining Support, your messages are stored on the server for historic use during troubleshooting. When you visit the site, Google Analytics is used to collect visitor information, such as country, live users, and referral sources. The site uses cookies to prevent repetitive prompts and to track if you have signed up for the mailing list. If you sign up for the mailing list, your information is stored until removed by request. None of the collected information is shared or sold to third parties, and it is securely stored and backed up. As CoinMinerz Pool offers a no-registration service, no personal identifiable information such as names, addresses, or dates of birth is stored. If you wish to view your history or have any personal information removed, you can request it via the Discord server.

Thank you for mining with CoinMinerz Pool, and we appreciate your understanding and cooperation.