ViaBTC Cloud Mining Contract — Batch 1

ViaBTC
ViaBTC
Nov 16, 2016 · 2 min read

ViaBTC is now launching our cloud mining product — an easy way for EVERYONE to mine your own Bitcoins. Our first cloud mining contract — ViaBTC S9 will run with Antminer S9, the most advanced mining rigs today. All cloud hashrates will come from the miners ViaBTC purchases and deploys. Now we have deployed our Batch 1 of 2.4 PH/s cloud hashrates for global customers to purchase.

Contract Details:

1. Purchase unit: 1 TH/s per SHARE. The Batch 1 S9 hashrates will be divided into 2,400 SHARES;

2. Power consumption & electricity cost: 100 Watt per SHARE; 0.84 CNY per day per SHARE (0.35 CNY/KWH);

3. Manage fees: 6% of the mining income will be charged as manage fees, which cover the costs for mining farm maintenance, deployment, repairs, staff expenses, emergencies, risk prevention etc.;

4. Mining income: The miners will mine in ViaBTC pool which adopts a PPS+ method. The mining income will be the theoretical PPS+ yields which won’t be affected by the operational conditions of miners.

5. Settlement: The mining income, deducted by manage fees and electricity costs will be the actual yields. The daily electricity cost will be calculated against the CNY/Bitcoin rate from China’s mainstream exchanges. The daily income will be settled at 8:00 AM Beijing Time (GMT+8) the next day;

6. Redemption of miners: To guarantee efficiency, all miners will run in high-standard facilities and in ViaBTC pool. Redemption of miners and change of mining pool are not available for the contract.

7. Termination of contract: The contract will be terminated automatically when there’s zero actual yields for 10 consecutive days. ViaBTC will redeem all contracts priced with the remaining value of the miners at the time. All miners will be owned by ViaBTC.

Purchase:

Batch 1 is Not available now, please visit www.viabtc.com to purchase.

Yields & Risks:

1. About Antminer S9: S9 is currently the most advanced and power-efficient mining rig which guarantees the longest life cycle for a miner. Visit Antminer’s site for more details;

2. Income calculation: ViaBTC users can check at “Home” to find out the expected daily yields for 1 SHARE which is now around 0.00098611 BTC;

3. Warnings: Price fluctuation is frequent for Bitcoin and the mining difficulty will be adjusted every other week. Price drop and increase of difficulty will lead to a drop of mining income per SHARE. ViaBTC won’t promise a 100% ROI whether in Bitcoin or fiat money terms. Please evaluate the risks you can handle before investing in Bitcoin mining.

Follow-up Plan:

1. ViaBTC will deploy more miners in the near future to meet your demands;

2. Our cloud mining exchange platform is under development and will be soon integrated into www.viabtc.com. At that time users can freely trade their cloud mining contracts. Early-stage contract holders can direct their contacts to www.viabtc.com then by signing their wallet addresses.

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