Last Updated: 11/29/24
Please read these Terms and Conditions ("Terms") carefully before using the MinerVault website ("Website") and the services provided by MinerVault ("we," "our," or "us"). By accessing or using the MinerVault platform ("Platform"), you agree to be bound by these Terms. If you do not agree to these Terms, you may not use the Platform.
1. Eligibility
To use the MinerVault Platform, you must be at least 18 years old or the legal age in your jurisdiction to form a binding contract. By using our services, you represent and warrant that you meet these eligibility requirements. Minors under the age of 18 are not permitted to use the Platform.
2. Account Registration and Security
- Account Creation: You are required to create an account to access and use our mining services. When registering, you must provide accurate, current, and complete information. You agree to update your account information as necessary to keep it accurate and current.
- Account Security: You are responsible for maintaining the confidentiality of your account credentials, including your username, password, and any security codes. You agree to notify us immediately of any unauthorized access or security breaches regarding your account.
- Two-Factor Authentication (2FA): For enhanced security, we recommend enabling two-factor authentication (2FA) on your account. This additional layer of security helps protect your account from unauthorized access.
3. Services Provided
MinerVault offers cloud mining services that allow you to rent mining power from our data centers. We provide access to mining rigs, infrastructure, and software, while you monitor your mining activities through your account dashboard. The specific cryptocurrencies available for mining and mining plans can be found on the Platform.
4. Fees and Payments
- Service Fees: By using our cloud mining services, you agree to pay the applicable fees associated with your chosen mining plans. Fees vary based on the mining power you rent and the cryptocurrency you mine. All fees will be clearly outlined on the Platform before purchase.
- Payment Methods: Payments can be made in cryptocurrency or fiat, as specified on the Platform. You agree to cover any additional transaction fees imposed by the payment provider or blockchain network.
- Refunds: All payments made are non-refundable, except in cases where MinerVault fails to provide the services as described or in situations where refunds are required by applicable law.
5. Profitability and Risks
- No Guarantee of Profit: While we strive to provide competitive mining services, MinerVault does not guarantee specific returns or profits. Cryptocurrency mining profits are dependent on various factors, including mining difficulty, network conditions, cryptocurrency prices, and operational costs.
- Risks: You acknowledge and accept the inherent risks involved in cryptocurrency mining, including market volatility, fluctuations in mining difficulty, system outages, and changes in cryptocurrency value. You should only invest what you are willing to lose.
6. Security
We take reasonable precautions to secure your personal data and digital assets, including the use of encryption, firewalls, and secure protocols. However, no method of transmission over the internet is 100% secure. MinerVault cannot guarantee the absolute security of your account or cryptocurrency, and you are responsible for ensuring your account remains secure.
- User Responsibilities: You agree to use strong passwords and enable 2FA to enhance your account security. You also agree not to share your login credentials with others.
7. Withdrawal and Earnings
- Earnings Accumulation: Your mining earnings will accumulate in your account balance based on the mining power rented and the cryptocurrencies mined. You can monitor your earnings through the Platform’s dashboard.
- Withdrawal Requests: You can request withdrawals of your earnings according to the minimum withdrawal limits set by MinerVault. Withdrawal requests may be subject to processing fees and network fees.
- Withdrawal Methods: MinerVault supports various withdrawal methods, including cryptocurrency transfers and bank withdrawals, depending on your selected method in your account settings.
8. Prohibited Activities
You agree not to engage in any of the following prohibited activities while using the Platform:
- Fraudulent or Deceptive Practices: You shall not engage in any fraudulent activity or attempt to defraud MinerVault or any other users.
- System Tampering: You are prohibited from tampering with or attempting to disrupt the Platform’s systems, software, or security measures.
- Money Laundering: You shall not use the Platform for any illegal or unlawful activities, including money laundering, terrorist financing, or any activities that violate applicable laws or regulations.
- Spam or Malware: You must not distribute malware, spam, or malicious software through the Platform.
Any violation of these terms may result in immediate account suspension or termination.
9. Limitation of Liability
MinerVault provides the cloud mining services "as is" and does not make any representations or warranties regarding the platform’s performance, uptime, or the success of mining operations.
- No Liability for Losses: MinerVault is not responsible for any losses, whether direct or indirect, arising from the use of our services, including but not limited to financial losses, lost earnings, or damage caused by technical issues.
- Force Majeure: We are not liable for failure to perform due to events beyond our control, including but not limited to natural disasters, network outages, or unforeseen technical issues.
10. Account Suspension and Termination
MinerVault reserves the right to suspend or terminate your account at its sole discretion if you violate these Terms or engage in any activity deemed harmful to the platform or its users. If your account is terminated, you will forfeit any remaining earnings.
- User Rights: You may close your account at any time by contacting MinerVault support. However, any outstanding fees or obligations at the time of closure will still apply.
11. Amendments to the Terms
MinerVault may update these Terms from time to time, and any changes will be posted on this page. The updated Terms will be effective immediately upon posting. Your continued use of the Platform after the changes are made constitutes your acceptance of the updated Terms.
12. Governing Law
These Terms shall be governed by and construed in accordance with the laws of [Insert Country/State]. Any disputes arising out of or relating to these Terms shall be resolved in the courts of [Insert Jurisdiction].
13. Indemnification
You agree to indemnify, defend, and hold harmless MinerVault, its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, or expenses arising out of or related to your violation of these Terms or your use of the Platform.
14. Contact Us
If you have any questions or concerns about these Terms and Conditions, please contact us at:
By using the MinerVault platform, you acknowledge and agree to these Terms and Conditions. If you do not agree with any part of these Terms, you should immediately cease using the Platform.
Note: Ensure that you review the Terms with a legal professional to ensure compliance with applicable laws in your jurisdiction and the cryptocurrency industry.
