Accumulation Terms Of Services

CRYPTO Accumulation
GENERAL TERMS OF SERVICES

This contract is established between UAB Baltic Miners, Vilniaus r. sav., Zujūnų sen., Gineitiškių k., Upelio g. 2, Lithuania a company registered with Code ID 306025789 and fully owned and controlled by V.A. MINING RIGH INC., United States of America (the “Seller”)

and

The “Customer“.

1. SCOPE

The Customer purchases computing power parameterized to the investment made, UAB Baltic Miners grants the Cloud Mining service 24 hours a day, 365 days per year, of different cryptocurrencies, returning the mining proceeds to the customer with the timing and methods chosen by him.

2. TERMS OF PURCHASE

The Customer purchases packaged which guarantee fixed returns as specified below:

• Accumulation period 3 to 6 years
– Year 1 Each Annual APY 30%
– Year 2 Each Annual APY 30%
– Year 3 Each Annual APY 30%
– Year 4 Each Annual APY 30%
– Year 5 Each Annual APY 30%
– Year 6 Each Annual APY 30%

The returns of accumulation period can’t be withdrawal by customer but with be used to calculate mining power during payment period.

• Payment period 3 to 6 years
– Year 1 Each Annual APY 35%
– Year 2 Each Annual APY 35%
– Year 3 Each Annual APY 35%
– Year 4 Each Annual APY 35%
– Year 5 Each Annual APY 35%
– Year 6 Each Annual APY 35%

3. DURATION

The contract has a duration of the variable accumulation period chosen by the customer between 3 years and 6 years.

To the accumulation period is added a period of equal duration called “payment period” in which the customer receives the proceeds of the mining without making any further payments.

1) The Customer is authorized, starting from the end of the second year of the payment period, to resell the computing power purchased to UAB Baltic Miners, which will buy back said power in relation to the obsolescence of the computer mining hardware and the difficulty of cryptocurrency mining as indicated below.

• Hardware obsolescence 10% per year.

• Difficulty of extraction of 10% per year.

2) UAB Baltic Miners is authorized, starting from the end of the second year of the payment period, to terminate the Cloud Mining crypto contract and repurchase the computing power purchased by the customer, who will resell said power in relation to the obsolescence of the hardware of computer mining and the difficulty of mining cryptocurrencies as mentioned below.

• Hardware obsolescence 10% per year.

• Difficulty of extraction of 10% per year.

4. PAYMENTS

1) The Client pays for the Cloud Mining service in monthly payments.
Payment for the Cloud Mining service can be made using the following methods: Credit Cards, PayPal.
2) UAB Baltic Miners will pay the proceeds generated by mining in one of the following ways chose by customer:

  • By the cryptocurrency chosen in your Cloud Mining plan sent to customer wallet or exchange address;
  • By Bitcoin (BTC) sent to customer wallet or exchange address;
  • By Tether (USDT) sent to customer wallet or exchange address;
  • By Euro (€) or Dollar ($) by SEPA bank transfer to customer bank account.
5. EXTRA PROFITS

The Customer, based on the deadline chosen for the payment of the generated profits, will receive from UAB Baltic Miners a granted extra profit calculated in relation with the amount of revenue generated in the related mining period from one payment to the next one.
Below we indicate the % of extra profit customer will earn:
• If payments will be done every 15 days = + 0%;
• If payments will be done every 30 days = + 1%;
• If payments will be done every 90 days = + 3%;
• If payments will be done every 180 days = + 6%;
• If payments will be done every 270 days = + 9%;
• If payments will be done every 365 days = + 12%.

6. FURTHER TERMS

As this is a computing power accumulation plan, the customer expressly undertakes not to interrupt or delay payments during the accumulation period. In this case, Baltic Miners is authorized to suspend the accumulation plan and the commencement of the relative proceeds until the omitted payments are made by calculating in addition an interest on arrears payable by the customer equal to the percentage of profit guaranteed to them if the accumulation plan was respected.
If the regularity of the accumulation plan is never restored, the customer may request the repurchase of the computing power as established in the previous article 2 point 1
UAB Baltic Miners guarantees to the Customer that computing power purchased will not be affected from any hardware or software fails.
To this end the equipment will be run in a specifically engineered facility that is technically designed to provide an uninterrupted service as much as possible.
The following criteria are for UAB Baltic Miners matters of particular care:

  • Continuous Electric power supply;
  • Continuous Internet connectivity;
  • Continuous Ambient temperature (intake) of less than 15°C.

The service level can be affected only in case of force majeure events that are outside of the seller’s control.
This includes, but is not limited to, any climate adverse event like floods, lightning strikes, storms, earthquakes, etc. and any man-made unexpected events like strikes, civil disorders, war, governmental or court orders, curfews, etc.
The Customer agrees that the only channel to be used for service requests shall be by email to customersupport@balticminers.com.
Any other service requests made will be ignored.
UAB Baltic Miners will give response within a maximum of 24 hours in working days.

7. LEGAL TERMS

No failure by the seller to exercise any right or remedy under these Terms shall constitute a waiver of that or any other right or remedy.
This contract replaces any previous written or oral agreements and shall constitute the only enforceable agreement between the parties.
Any change or amendment to this contract can be made only in written form.
Any dispute or claim arising out of or in connection with this contract shall be governed by and construed in accordance with the laws of the Republic of Lithuania, and the responsible adjudication court shall be in Vilnius.

8. LITHUANIAN TAX

UAB Baltic Miners has its legal and operational headquarters in the Republic of Lithuania, therefore the proceeds of its customers’ cryptocurrency mining are subject to an annual tax of 15%.

This “GENERAL TERMS OF SERVICES” is accepted by the Customer through the subscription and online purchase of the Cloud Mining service, as shown in the E-Commerce cart.
These “GENERAL TERMS OF SERVICES” are also sent to Customer by confirmation of subscription email.

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