CRYPTO CLOUD MINING
GENERAL TERMS OF SERVICES
This contract is established between UAB Baltic Miners, Gedimino pr. 20, Vilniaus, 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“.
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.
The Customer purchases one of the 10 years packaged services, which guarantee returns of a maximum amount as specified below:
• IRON requires a minimum investment of 250,00 € and a maximum of 2499,00 €
– Year 1 – 2 Each Annual APY 30%
– Year 3 – 4 Each Annual APY 28%
– Year 5 – 6 Each Annual APY 25%
– Year 7 – 8 Each Annual APY 20%
– Year 9 – 10 Each Annual APY 15%
• BRONZE requires a minimum investment of 2500,00 € and a maximum of 4999,00 €
– Year 1 – 2 Each Annual APY 32%
– Year 3 – 4 Each Annual APY 30%
– Year 5 – 6 Each Annual APY 27%
– Year 7 – 8 Each Annual APY 22%
– Year 9 – 10 Each Annual APY 17%
• SILVER requires a minimum investment of 5000,00 € and a maximum of 9999,00 €
– Year 1 – 2 Each Annual APY 34%
– Year 3 – 4 Each Annual APY 32%
– Year 5 – 6 Each Annual APY 29%
– Year 7 – 8 Each Annual APY 24%
– Year 9 – 10 Each Annual APY 19%
• GOLD requires a minimum investment of 10000,00 € and a maximum of 49999,00 €
– Year 1 – 2 Each Annual APY 36%
– Year 3 – 4 Each Annual APY 34%
– Year 5 – 6 Each Annual APY 31%
– Year 7 – 8 Each Annual APY 26%
– Year 9 – 10 Each Annual APY 21%
• PLATINUM requires a minimum investment of 50000,00 € and a maximum of 99999,00 €
– Year 1 – 2 Each Annual APY 40%
– Year 3 – 4 Each Annual APY 38%
– Year 5 – 6 Each Annual APY 35%
– Year 7 – 8 Each Annual APY 30%
– Year 9 – 10 Each Annual APY 25%
• RHODIUM requires a minimum investment of 100000,00 € to unlimited
– Year 1 – 2 Each Annual APY 45%
– Year 3 – 4 Each Annual APY 43%
– Year 5 – 6 Each Annual APY 40%
– Year 7 – 8 Each Annual APY 35%
– Year 9 – 10 Each Annual APY 30%
The contract has a duration of 10 years.
1) The Customer is allowed, starting from the end of the second year, to resell the computing power purchased to UAB Baltic Miners, which will rebuy said power in relation to the obsolescence of the computer mining hardware and the difficulty of mining cryptocurrencies as indicated below.
• Hardware obsolescence 10% per year.
• Difficulty of mining 10% per year.
The customer may exercise this request on the dates between the first and the fifteenth successive day of each year elapsing after the date of activation of the service.
2) UAB Baltic Miners is allowed, starting from the end of the second year, to terminate the Cloud Mining crypto contract and rebuy the computing power purchased by the customer, which will resell said power in relation to the obsolescence of the computer mining hardware and the difficulty of mining cryptocurrencies as indicated below.
• Hardware obsolescence 10% per year.
• Difficulty of mining 10% per year.
3) UAB Baltic Miners is allowed, to terminate the Cloud Mining crypto contract, rebuy the computing power purchased by the customer with the same parameters applied in the previous points and reduced by the application of a 50% penalty, in the following events:
– serious and proven conduct on the part of the customer such as, for example, untrue statements in the KYC, untrue statements concerning the application of referrals.
– any misconduct or unjustified defamation against our company.
This termination clause shall also apply in the event of non-acceptance of the general terms of service.
1) The Customer pays the Cloud Mining service in a single initial payment.
Payment for the Cloud Mining service can be made using the following methods: Bank Transfer, Credit Cards, PayPal, Tether USDT, Bitcoin BTC and Ethereum ETH under the conditions indicated in the E-Commerce cart.
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.
3) Baltic miners permit to subscribers to change some contract parameters such as: Crypto mined, terms of payments and method of payments.
This is possible to be done in mining dashboard for each single contract.
Please be aware that once you choose to be paid in Baltic Wallet with special 2.5% increase of revenue, its not possible to roll back this choice with another terms of payments.
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%.
The Company reserves the right, at its sole discretion, to change, transfer or modify its registered office, jurisdiction of incorporation or location of its mining companies from the territory of Lithuania to another jurisdiction or location abroad.
The reasons for such change may include, but are not limited to, obtaining competitive advantages in relation to licensing requirements, energy costs, taxation or other relevant factors that may arise in the course of the Company’s business.
The Company will promptly inform its Users of such changes to the extent that such changes may have a material impact on the Company’s operations or services offered to Users.
In the event of relocation of operations outside the European territory, it is the Company’s right to suspend the mining services and consequently the payment of proceeds, for a period not exceeding 6 months by extending the duration of the mining services subscribed by the customers.
Notwithstanding the changes referred to in this Clause, such changes shall not affect the validity, legality or enforceability of any agreement entered into between Users and the Company.
Agreements entered into prior to such amendments shall remain in full force and effect, and the rights and obligations of the parties under such agreements shall not be affected or impaired in any way.
Users understand and agree that any changes, as described in Clause 2, shall not form a basis for any contractual revocation or cancellation of agreements entered into between Users and the Company.
The Company shall not and cannot be held liable for any claims, damages, or losses arising out of such modifications and subsequent occurrences.
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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 level of service granted by Baltic Miners is not related to the amount of mining revenues that may be reduced due to price reductions of the specific cyrptocurrency mined between the date of signing the contract and the date of release of the pending mining revenue.
The level of service granted by Baltic Miners is not related to the amount of mining revenues that may be reduced due to price increase of electric energy in Lithuania.
Our company, at the beginning of each quarter, verifies the price of electricity in Lithuania through the use of statistics compiled by independent parties such as the company https://www.statista.com/statistics/1314546/lithuania-monthly-wholesale-electricity-price/ and if the price at the end of the quarter is higher than the price at the end of the quarter, the mining income will be reduced proportionally accordingly.
The amount of income will be restored if there are negative changes in the price of electricity calculated using the same criteria.
The Customer agrees that the only channel to be used for service requests shall be by email to admin@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.
Baltic Miners UAB shall not be liable for any delay or failure to perform these Terms if such delay or failure is caused directly or indirectly by circumstances beyond its reasonable control.
These circumstances include, without limitation:
1) Acts of terrorism.
2) Natural disasters.
3) Wars.
4) Strikes.
5) Epidemics.
6) Grid outages or blackouts.
7) Increase in electricity rates by more than 40 percent in a calendar year.
8) Changes in cryptocurrency-related legislation in the jurisdiction of jurisdiction.
9) Revocation or non-renewal of licenses related to the business being conducted.
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 terms of services can be accepted by customer during login procedure in mining dasboard.
If change or amendment to this terms of services will not be accepted by customer, UAB Baltic Miners has the option to terminate the contract according to the established procedures for early termination.
Any dispute or claim arising out of or in connection with this terms of services 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.
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 and accepted in the new eventually versions by clicking on the online form when requested.
These “GENERAL TERMS OF SERVICES” in use are also visible in the last format accepted in the mining dashboard.