Terms of Service
Updated: Wednesday 20th May 2021
PLEASE READ THESE TERMS OF SERVICE
CAREFULLY. BY ACCESSING OR USING OUR SERVICES, YOU
AGREE TO BE BOUND BY THESE TERMS OF SERVICE AND ALL TERMS INCORPERATED BY
These Terms of Service and any terms expressly
incorporated herein (Terms) apply to your access to and use of the CoinMinerz Pool
and associated websites (the CoinMinerz Pool). By using CoinMinerz Pool, you agree to be
bound by these terms and conditions below (Services). If you do not agree
with these Terms you may not use the CoinMinerz Pool and Services therein.
The CoinMinerz Mine Pool staff may modify this Agreement and any policies affecting the site at any point of time. Such modification is effective immediately upon posting to the website. Your continued use of the pools and websites following any modification to this Agreement shall be deemed an acceptance of all modifications.
Payments & Mining
We operate mining and payments using the PROP & SOLO methods.
CoinMinerz Pool charges miners with a 1% fee for the PROP & SOLO service (this is deducted automatically from every block found) and is in place to help fund the running costs of the pool and occasionally large transaction costs for pay-outs. This fee and reward system may change any time but prior notice will be given before doing so. Any changes on fee will be communicated through the pools Facebook/Twitter accounts and/or CoinMinerz Pool News page.
Submitting shares through your miner software/hardware to CoinMinerz Pool does not mean that they will be instantly converted to coins. CoinMinerz Pool first need to find a block to claim blocks coin rewards and will be then paying your portion based on used payment system used by the pool. The shares you have sent should be obeying the payment systems rules & conditions.
Once coins have been sent from the pool, it is users responsibility to track their coins and ensure payment details are correct as your miners address for the coin your mining. Committed transactions cannot be undone by CoinMinerz Pool.
Coin mining is extremely luck based. CoinMinerz Pool does not guarantee any particular return on mining time or hash power, only that any blocks found will be divided as specified under payment system above. All return rates displayed on the site are estimates based on statistical averages.
Shares rejected by the CoinMinerz Pool as stale or invalid will not be paid for.
Orphaned & Rejected blocks will not be paid by CoinMinerz Pool as they are basically in-correct blocks.
Automatic pay-outs occur every 30 minutes for confirmed blocks for all coins at a minimum balance of 0.01 per worker id (wallet address)
Maintenance & Downtimes
The CoinMinerz Pool requires continuous maintenance and CoinMinerz Pool and its operators are not responsible for any loss caused by any reason during these periods.
Although CoinMinerz Pool operators are doing their best to keep the services up, maintenance and downtime may be required at times, so that uptime of the website is not guaranteed. We have built-in failover in most cases so the site and pool should just keep running. Please note planned maintenance alerts will be given out in advance via our News page. Occasionally there may be a need for emergency maintenance in which notice cannot be given in advance this will be with regards to ensuring the uptime, security and performance of the pool for all miners.
We also reserve the right to change the pools backend system or alter in a way that changes the way it displays or features it contains. We are constantly striving to find and build the best solutions for the best mining experience. In the event we move pool or change our systems we will ALWAYS move over round shares and miner addresses so nothing is lost to ensure you get paid every crypto you have provided shares for. Along with this we will always automatically (where possible) or manually send out any remaining unpaid balances over 0.001 to our miners asap. The aim will always be to ensure all miner and pool data is preserved where possible.
Feedback & Help
Information & Materials
The best way to get in touch for support at CoinMinerz Pool is via our Discord Server
. It is highly recommended that you go through the provided FAQs
, Terms of Service
& Getting Started
parts of this site before to see if your query can be addressed.
Naming & shaming the CoinMinerz Pool and its pools with insufficient proofs & lack of understanding how crypto-coins works may get your topics get locked and accounts deleted. However if you are experiencing genuine difficulty with an issue with our pools we will make it our top priority to assist and resolve any issue for a happy mining experience for all miners.
Neither CoinMinerz Pool nor its operators provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on CoinMinerz Pool and its websites for any particular purpose.
Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements.
CoinMinerz Pool are not an electronic wallet or bank for your coins. CoinMinerz Pool and its operators are not responsible for any loss of coins which were stored in the pool before coins are confirmed and processed however we do regular backups to minimize this risk.
Accounts which are inactive for longer than 3 months (no mining activity) may get deleted. Remaining coin balances may be considered as a pool donation.
You agree to notify CoinMinerz Pool operators immediately if you discover or suspect any security vulnerability in the site. Users who exploit or attempt to exploit any security vulnerability, or suspected security vulnerability, or users who publicly reveal the personal information of any user will get their accounts deleted and potentially could pursue legally.
In rare conditions (like when a coin network dies or any problematic conditions caused by coin network itself or code but not limited to them), CoinMinerz Pool operators can stop the mining services for the coin and eventually close the site assigned to coins pool with at least 3 days of prior notice. In this case, we will try to manually transfer coins where possible unless coin network is totally dead
In case of a block-chain fork (caused by too many miners hopping into same pool and eventually causing the specific pool to hold >=%51 hash rate of the network), the pool may find incorrectly marked blocks which are not accepted by the coin pool. In this rare case, CoinMinerz Pool operators will need to remove those incorrect blocks and any related transactions & credits in order to fix continued service of the pool.
Botnets & Browser based mining software where the end users are not aware or condone actions taking place are not welcome. Accounts with a large amount of miners connecting from different IPs may be suspended if their connections are suspicious or DOS is detected without prior notice. Multiple accounts controlled by one person may be considered as a botnet, however we understand that miners can use multiple IP's as well as Cloud Hashing and we take this into consideration. Each instance will be investigated case by case to ensure the rules are being followed. We want to make this a great place for mining and ensure a consistent service to all of our miners from small one man bands to large scale operations.
Custom Payments & Difficulty
CoinMinerz does not take any responsibility for the use of the Custom Payout Amounts and or Custom Difficulty. The miner assumes responsibility when they choose to mine with a higher Custompayout amount than the recommended we auto set. The same applies to Custom Difficulty this is at the miners risk if not using our standard Vardiff settings on each stratum.
Financial & Crypto Advice
CoinMinerz and it's associates are not financial or crypto advisers - All mining and investment decisions should be based on your own research. We can provide our opinions and guidance where possible from our knowledge but all decisions made are your own responsibility to make.
Crypto Mining comes with various degrees of risk on multiple levels we will not take any responsibility for any losses incurred by using our services whether direct or indirect. You accept this risk when mining with us either using mining rigs, hardware, software or rental services. It is your responsibility to make sure your mining equipment/software is configured correctly and is registering on our pool system, also more importantly that you understand what mining is, how the mining process and our pool works and you know what you are and doing ensuring your mining setup is submitting valid shares and our pool is displaying those stats. We do not pay out for invalid/rejected/duplicate shares, orphaned/kicked/rejected blocks, any misconfigured/unhealthy miners, network issues, issues outside of our control, downtime or reimburse any mining rentals or associated mining/power costs whether problematic, end user error or any other external or internal factors. If you suspect an issue, please contact us as soon as possible so we can assist. Do not wait until after your mining/rental session has ended. Regular monitoring and taking action are critical. Please ensure you follow our guides and best practices in our instructions and using our FAQ's and Terms. Coinminerz has no financial obligations to any miner or 3rd party using our services.
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