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Terms and Conditions - Platform Usage

1. Introduction

1.1 These terms and conditions ("Terms") govern your use of the crypto mining pool ("Mining Pool") provided by boMiners.com ("we," "us," or "our"). By accessing or using the Mining Pool, you agree to be bound by these Terms. If you do not agree to these Terms, please refrain from using the Mining Pool.

1.2 The Mining Pool involves the collective mining of cryptocurrencies by pooling computing resources from multiple participants. By joining the Mining Pool, you acknowledge and accept the inherent risks associated with cryptocurrency mining and agree to abide by these Terms.

1.3 Additionally, the Mining Pool provides the functionality to automatically convert your mining earnings to other supported assets and allows you to cash out in the asset of your choice, subject to the conditions outlined in these Terms.

1.3.1 The Mining Pool offers the option to automatically convert your mining earnings from a primary native mineable cryptocurrency to other supported assets, such as stablecoins or other cryptocurrencies, subject to availability and market conditions.

1.3.2 The automatic conversion feature aims to provide you with flexibility and diversification in managing your earnings. However, the availability of conversion options and supported assets may vary over time, and we reserve the right to modify or discontinue certain conversion options at our discretion.

1.3.3 The specific details, terms, and procedures for automatic conversion and cash out, including any applicable fees or minimum thresholds, will be provided to you through the Mining Pool interface or our website. It is your responsibility to review and understand these details before utilizing these features.

1.3.4 You acknowledge and accept that the conversion and cash out services provided by the Mining Pool are subject to the availability of third-party service providers and may be affected by their operational and technical capabilities.

2. Ownership and Cashing Out

2.1 The Mining Pool maintains custody and control over the funds earned by participants until a valid cash out request is initiated and successfully completed.

2.2 The Mining Pool reserves the right to adjust the payment threshold or impose minimum limits on cash out amounts at its sole discretion, considering factors such as network fees, operational costs, and market conditions. Any changes to the payment threshold or minimum cash out limits will be communicated to participants through the Mining Pool interface or our website.

2.3 Participants understand and acknowledge that cash out requests may be subject to transaction fees, including network fees associated with transferring the funds to the requested payout address. These fees may vary depending on the prevailing network conditions and fee structure.

2.4 While we strive to process cash out requests promptly, participants acknowledge that the actual processing time may be subject to factors beyond our control, including network congestion and the availability of third-party services.

2.5 Participants are responsible for providing accurate and up-to-date payout addresses and ensuring that they have full control and access to the provided address. We are not liable for any loss or incorrect transfers resulting from the provision of inaccurate or compromised payout addresses.

2.6 The Mining Pool reserves the right to deny or delay cash out requests if there are reasonable grounds to suspect fraudulent activity, violation of these Terms, or non-compliance with applicable laws and regulations.

3. Regulatory Risks

3.1 Cryptocurrency mining and the use of the Mining Pool may be subject to various laws, regulations, and restrictions in different jurisdictions. It is your responsibility to comply with all applicable laws, regulations, and obligations imposed by your local authorities or any other relevant governing bodies.

3.2 We do not provide legal, financial, or tax advice regarding the use of cryptocurrencies or the Mining Pool. You are solely responsible for ensuring compliance with any legal or regulatory requirements relevant to your use of the Mining Pool, including but not limited to taxation obligations and reporting requirements.

3.3 You acknowledge that regulatory environments can change, and new laws and regulations may be enacted that could impact the legality or operation of the Mining Pool. We reserve the right to modify, suspend, or terminate the Mining Pool in response to legal or regulatory obligations.

4. Risk of Hacking

4.1 We take reasonable measures to secure the Mining Pool and protect your mining activities. However, you acknowledge and accept that no system or network is entirely immune to hacking, cyberattacks, or unauthorized access.

4.2 We implement industry-standard security practices and protocols to minimize the risk of hacking or unauthorized access to the Mining Pool. However, we cannot guarantee the absolute security of the Mining Pool or prevent all potential cybersecurity threats.

4.3 You agree to take appropriate security measures on your end, including but not limited to using strong passwords, enabling two-factor authentication, and maintaining updated antivirus software on your devices. You shall not engage in any activities that may compromise the security or integrity of the Mining Pool or other participants' mining activities.

4.4 In the event of a security breach or suspected unauthorized access, we will make reasonable efforts to promptly investigate and mitigate the issue. However, we shall not be liable for any damages, losses, or liabilities arising from hacking, cyberattacks, or unauthorized access to the Mining Pool.

5. Limitation of Liability

5.1 To the extent permitted by applicable law, we disclaim all warranties, whether express or implied, regarding the Mining Pool, including but not limited to any implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

5.2 In no event shall we be liable for any direct, indirect, incidental, consequential, special, or exemplary damages, including but not limited to damages for loss of profits, revenue, data, or other intangible losses, arising out of or in connection with the use or inability to use the Mining Pool or any other matter related to these Terms.

6. Service Usage

You represent and warrant that:

6.1 You are not affiliated with or a member of any terrorist organization or listed as a terrorist by any relevant authority, including but not limited to those listed in the UN Security Council Resolutions.

6.2 You are not under any restriction or prohibition from using the Mining Pool imposed by any national or regional administrative agency for law enforcement.

6.3 You are neither a citizen nor a resident of Cuba, Iran, North Korea, Syria, or any other country or region that is subject to sanctions imposed by relevant national governments or international institutions.

6.4 You are neither a citizen nor a resident of any country or region that restricts or prohibits cryptocurrency-related activities, including but not limited to the mainland of China.

6.5 Your use of the Mining Pool and the services provided by the application is permitted under all applicable laws, regulations, and policies in your country or region.

6.6 You agree to promptly inform us if any of the representations and warranties provided above become inaccurate or if you become subject to any legal restrictions or prohibitions that may affect your eligibility to use the Mining Pool.

6.7 In the event that we determine, in our sole discretion, that you have breached any of the representations and warranties set forth above, we reserve the right to suspend or terminate your access to the Mining Pool without prior notice, and you shall be solely responsible for any resulting damages, losses, or liabilities.

7. Confidentiality and Privacy

7.1 We respect your privacy and are committed to protecting your personal information. Our Privacy Policy governs the collection, use, storage, and disclosure of your personal data. By using the Mining Pool, you consent to the collection and processing of your personal information.

7.2 You acknowledge and agree that cryptocurrency transactions conducted through the Mining Pool are recorded on a public blockchain, which may be visible to other participants or third parties. While we take measures to maintain your confidentiality to the extent possible, we cannot guarantee absolute privacy or anonymity regarding cryptocurrency transactions.

7.3 You shall not disclose any confidential information or trade secrets of the Mining Pool or other participants without our prior written consent. You shall also refrain from engaging in any activities that compromise the security or confidentiality of the Mining Pool or other participants' information.

7.4 We may disclose your personal information or any other relevant information if required by law or if we believe in good faith that such disclosure is necessary to comply with legal obligations, protect our rights or the rights of other participants, or respond to lawful requests from governmental authorities.

8. Data Retention

8.1 We will retain certain data and information related to your use of the Mining Pool for a period of 30 days from the date of collection, in accordance with applicable laws and regulations.

8.2 The data retained may include but is not limited to IP addresses, transaction records, mining statistics, and account information.

8.3 The purpose of data retention is to comply with legal requirements, facilitate customer support, and maintain the integrity and security of the Mining Pool.

8.4 After the 30-day retention period, we will securely dispose of or anonymize the retained data, unless otherwise required by law or necessary for legitimate business purposes.

8.5 We may be required to disclose the retained data to competent authorities or third parties if such disclosure is mandated by law or necessary to protect our rights or the rights of other participants.

9. Fees

9.1 The current fee structure is outlined on our website or in the Mining Pool interface.

9.2 You acknowledge and agree that the fees for using the Crypto Mining Pool start from 1% of the mining rewards earned. However, we reserve the right to adjust the fees at our discretion, taking into account market conditions, operational costs, network fees, and other external factors. Any changes to the fee structure will be communicated to you in advance through our website or other appropriate means.

9.3 You are responsible for monitoring and understanding the current fee structure applicable to the Crypto Mining Pool. By continuing to use the Mining Pool after any fee changes have been implemented, you accept the revised fees.

9.4 We reserve the right to withhold or deduct any applicable fees from the mining rewards earned by participants in the Crypto Mining Pool.

9.5 We may review and adjust the fee structure periodically to ensure the sustainability and competitiveness of the Crypto Mining Pool. Any changes will be made in a fair and transparent manner, taking into account the interests of all participants.

10. Amendments to the Terms

10.1 We reserve the right to modify, revise, or update these Terms at any time without prior notice. Any changes to these Terms will be effective immediately upon posting on our website or through other appropriate communication channels.

10.2 Your continued use of the Mining Pool after the revised Terms have been posted constitutes your acceptance of the modified Terms. It is your responsibility to review these Terms periodically to stay informed of any updates or changes.

11. Miscellaneous

11.1 These Terms constitute the entire agreement between you and us regarding the use of the Mining Pool and supersede any prior or contemporaneous agreements, understandings, or representations.

11.2 If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall.

12. Contact Information

12.1 If you have any questions, concerns, or inquiries regarding these Terms or the use of the Mining Pool, please contact us at support@bominers.com. We will make reasonable efforts to address and respond to your inquiries in a timely manner.

By using the Mining Pool, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.