TERMS AND CONDITIONS

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING OUR SERVICES DESCRIBED BELOW. BY SELECTING “I AGREE”, USING OUR SERVICES OR USING MINING FIT SOFTWARE, YOU ARE ACKNOWLEDGING THAT YOU HAVE READ THESE TERMS AND YOU ARE AGREEING TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO THESE TERMS, DO NOT USE OUR SERVICES OR USE THE MINING FIT PLATFORM.


GENERAL

Mining Fit operates as a service provider for providing crypto currency mining hashing power in various plans to its buyers. Mining Fit has its own hashing power and it only provides mining hashing power to its users in the Mining Fit platform or marketplace. The various plans like gold, silver, bronze, etc. are the products developed by Mining Fit which provides hashing power to its users by selling their hashing power according to the plans to its buyers for a period of time. These terms and any terms expressly incorporated herein apply to your access and use of the Mining Fit Website, by Mining Fit bitcoin mining private limited as well as your use of Mining Fit Services and Mining Fit platform.


DEFINITIONS

Mining Fit means a private limited liability company organized and existing under the laws of Norway, with name Mining Fit bitcoin mining farms private limited and registered address at 515, Thorvald Meyers gate 30, Oslo, Norway. Mining Fit is the service provider, provider of mining hashing power to its users in the Mining Fit platform or marketplace and developer of the Mining Fit website, hereinafter referred to as “Mining Fit”, as well as “we” or “us”.

Mining Fit marketplace means an infrastructure provided by us which enables our mining hashing power to the Mining Fit platform users and sold as generic mining hashing power in various packages to the users/buyers.

Mining hashing power buyer means a legal entity or individual who buys the plans with mining hashing power from us on the Mining Fit platform or marketplace.

Mining hashing power provider means the company or Mining Fit platform which sells its mining hashing power to its plan buyers/users.

Mining Fit website means the website located on the following web address: www.miningfit.com.

Mining Fit account means an online account available on the Mining Fit platform/website and created by completing the registration procedure on the Mining Fit website.

Mining Fit account holder means a legal entity or individual who completes the registration procedure and successfully creates the Mining Fit Account.

Mining Fit Wallet means a wallet created automatically for the account holder and provided by the Mining Fit platform. Mining Fit wallet holds the account holder’s deposits and returns from the plans purchased by the account holder.


PURCHASE OF MINING PLANS

Mining Fit providers agree to sell its mining hashing power to its plan buyers on the terms set forth herein. According to the company, users get paid daily depending on the plan and mining hashing power purchased and paid for by the user. All the deposits are collected and sent in the Mining Fit wallet, as shown in account holder’s dashboard. The user can withdraw their daily returns whenever they want, the minimum amount of is 0.01 btc. The user gets mining hashing power depending on the plan purchased and is up to a limit not exactly a particular amount of mining hashing power. It can vary depending on the mining hashing power generated by the mining hashing power rigs. These cases include usage of slower hardware as well as software, hardware or network errors. In all cases, users are paid for such mining hashing power in daily returns which are the average of mining hashing power generated by the mining hashing power rigs.

Mining Fit user needs to register at the domain www.miningfit.com, in order to purchase a plan the user needs to transfer the crypto currency from their external storage wallet to the Mining Fit wallet. At the time of transfer of crypto currency the user needs to send the exact amount that the transaction system asks the user to pay so the system can recognize the payment and add it to the user's Mining Fit wallet instantly with 0 confirmations of the transaction. Sending exact amount that the transaction system asks is a security measure which helps the company keep the website and user transactions more secure. Mining Fit will charge a fee to retrieve an unrecognized payment which is if the amount sent is different then what the transaction system asked the user to pay. In this case, the user needs to write a mail to the company mentioning the transaction details and the fee will be deducted from the sent amount and remaining amount will be credited to the user's Mining Fit wallet. The user can now subscribe to any number of plans of their choice and get daily returns from their contribution in the crypto currency mining for the time period as described in the plan itself. The daily returns will be credited to the Mining Fit wallet of the user; the user can subscribe to more plans with the returns or withdraw it from the Mining Fit wallet to their external wallet whenever they want. The minimum amount of withdrawal is 0.01 btc, this withdrawal will be sent to the user's external wallet within 24 hours from the time of withdrawal from the Mining Fit wallet.

All payments will be processed in crypto currency and Mining Fit does not provide an option to sale and purchase of the plans in fiat currency/credit card/debit card/net banking, etc.


RISK DISCLOSURE

If you choose to use Mining Fit services and Mining Fit wallet, it is important that you remain aware of the risks involved, that you have adequate technical resources and knowledge to bear such risks and that you monitor your transactions carefully.


GENERAL RISK

You understand that Mining Fit services, block chain technology, bitcoin, all other crypto currencies and crypto tokens, proof of work concept and other associated and related technologies are new and untested and outside of Mining Fit’s control. You acknowledge that there are major risks associated with these technologies. In addition to the risks disclosed below, there are risks that Mining Fit cannot foresee and it is unreasonable to believe that such risk could have been foreseeable. The performance of Mining Fit’s obligation under these terms will terminate if market or technology circumstances change to such an extent that (i) these terms clearly no longer comply with Mining Fit’s expectations, (ii) it would be unjust to enforce Mining Fit’s obligations in the general opinion or (iii) Mining Fit’s obligation becomes impossible.


ACCOUNT ABUSE

You acknowledge that there is risk associated with the Mining Fit's account abuse and that you have been full informed and warned about it. The funds stored in the Mining Fit wallet may be disposed by third party in case the third party obtains the account holder’s login credentials. The account holder shall protect his login credentials and his electronic devices where the login credentials are stored against unauthorized access.


REGULATORY RISK

You acknowledge that there is risk associated with future legislation which may restrict, limit or prohibit certain aspects of block chain technology which may result also in restriction, limitation or prohibition of Mining Fit services and that you have been fully informed and warned about it.


RISK OF HACKING

You acknowledge that there is risk associated with hacking Mining Fit services and Mining Fit wallet and that you have been fully informed and warned about it. Hacker or other groups or organizations may attempt to interfere with Mining Fit services or Mining Fit wallet in any way, including without limitation denial of services attacks, Sybil attacks, spoofing, smurfing, malware attacks, mining attacks or consensus-based attacks.


CRYPTOCURRENCY RISK

You acknowledge that there is risk associated with the crypto currencies which are used as payment method and that you have been fully informed and warned about it. Crypto currencies are prone to, but not limited to, value volatility, transaction costs and times uncertainty, lack of liquidity, availability, regulatory restrictions, policy changes and security risks.


CONNECTION RISK

You acknowledge that there are risks associated with usage of Mining Fit services which are provided through internet including, but not limited to, the failure of hardware, software, configuration and internet connections and that you have been fully informed and warned about it. You acknowledge that Mining Fit will not be responsible for any configuration, connection or communication failures, disruptions, errors, distortions or delays you may experience when using Mining Fit services, howsoever caused.


WARRANTIES

Mining Fit services are provided on “AS IS” and “AS AVAILABLE” basis and with all faults and defects. To the maximum extent permitted by applicable law, Mining Fit makes no representations and warranties and you waive all warranties of any kind. Particularly, without limiting the generality of the foregoing, Mining Fit makes no representations and warranties, whether express, implied, statutory or otherwise regarding Mining Fit services or other services related to Mining Fit services and provided by third parties, including any warranty that such services will be uninterrupted, harmless, secure or not corrupt or damaged, meet your requirements, achieve any intended results, be compatible or work with any other software, applications, systems or services, meet any performance or error free or that any errors or defects can or will be corrected. Additionally Mining Fit makes no representations and warranties, whether express, implied, statutory or otherwise of merchantability, suitability, reliability, availability, timeliness, accuracy, satisfactory quality, fitness for a particular purpose or quality, title and non-infringement with respect to any of the Mining Fit services or other services related to Mining Fit services and provided by third parties, or quiet enjoyment and any warranties arising out of any course of dealing, course of performance, trade practice or usage of Mining Fit services including information, content and material contained therein.

You acknowledge that you do not rely on and have not been induced to accept the Mining Fit services according to these Terms on the basis of any warranties, representations, covenants, undertakings or any other statement whatsoever, other than expressly set out in these terms that neither Mining Fit nor any of its respective agents, officers, employees or advisers have given any such warranties, representations, covenants, undertakings or other statements.


LIABILITY

Mining Fit and their respective officers, employees or agents will not be liable to you or anyone else, to the maximum extent permitted by applicable law, for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use of Mining Fit services or Mining Fit wallet), even if Mining Fit has been advised of the possibility of such damages or losses, including, without limitation, from the use or attempted use of Mining Fit services, Mining Fit wallet or other related websites or services.

Mining Fit will not be responsible for any compensation, reimbursement, or damages arising in connection with: (i) your inability to use the Mining Fit services, including without limitation as a result of any termination or suspension of the Mining Fit website or these terms, power outages, maintenance, defects, system failures, mistakes, omissions, errors, defects, viruses, delays in operation or transmission or any failure of performance, (ii) the cost of procurement of substitute goods or services, (iii) any your investments, expenditures, or commitments in connection with these terms or your use of or access to the Mining Fit services, (iv) your reliance on any information obtained from Mining Fit, (v) Force Majeure Event, communications failure, theft or other interruptions or (vi) any unauthorized access, alteration, deletion, destruction, damage, loss or failure to store any data, including records, private key or other credentials, associated with Mining Fit services or Mining Fit wallet.

Our aggregate liability (including our directors, members, employees and agents), whether in contract, warranty, tort (including negligence, whether active, passive or imputed), product liability, strict liability or other theory, arising out of or relating to the use of Mining Fit services, or inability to use Mining Fit services under these terms or under any other document or agreement executed and delivered in connection herewith or contemplated hereby, shall in any event not exceed $100 USD per subscribed plan user.

You will defend, indemnify, and hold Mining Fit harmless and all respective employees, officers, directors, and representatives from and against any claims, demand, action, damages, loss, liabilities, costs and expenses (including reasonable attorney fees) arising out of or relating to (i) any third-party claim concerning these Terms, (ii) your use of, or conduct in connection with, Mining Fit services, (iii) any feedback you provide, (iv) your violation of these terms, (v) or your violation of any rights of any other person or entity. If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it. If we are obligated to respond to a third-party subpoena or other compulsory legal order or process described above, you will also reimburse us for reasonable attorney fees, as well as our employee's and contractor's time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.

Mining Fit services and the information, products, and services included in or available through Mining Fit website may include inaccuracies or typographical errors. Changes are periodically added to the information herein. Mining Fit may make improvements or changes on the Mining Fit website at any time. No information provided to you by Mining Fit shall be considered or construed as advice.


MINING FIT ACCOUNT

The registration of the Mining Fit account is made through the Mining Fit website, where you are required to enter your email address and password in the registration form. After successful completion of registration, the confirmation email is sent to you. After you purchase a plan, a confirmation email for subscribing a plan is sent to you. After you withdraw a amount, a confirmation email for withdrawal of crypto currency is sent to you. After the amount of crypto currency is sent to you, a confirmation email for crypto currency has been sent is sent to you.

When you create a Mining Fit account, you agree to (i) create a strong password that you change frequently and do not use for any other website, (ii) implement reasonable and appropriate measures designed to secure access to any device which has access to your email address associated with your Mining Fit account and your username and password for your Mining Fit account, (iii) maintain the security of your Mining Fit account by protecting your password and by restricting access to your Mining Fit account; (iv) promptly notify us if you discover or otherwise suspect any security breaches related to your Mining Fit account so we can take all required and possible measures to secure your Mining Fit account and (v) take responsibility for all activities that occur under your Mining Fit account and accept all risks of any authorized or unauthorized access to your Mining Fit account, to the maximum extent permitted by law.

Once the Mining Fit account is created a Mining Fit wallet is automatically created for the Mining Fit account. Account holder’s Mining Fit wallet is generated by Mining Fit.

In order to purchase a plan the buyer must deposit funds to the Mining Fit wallet, as the payments for the mining hashing power could be made only through Mining Fit wallet. At the time of transfer of crypto currency to the Mining Fit wallet the user needs to send the exact amount that the transaction system asks the user to pay so the system can recognize the payment and add it to the user's Mining Fit wallet instantly with 0 confirmations of the transaction. Sending exact amount that the transaction system asks is a security measure which helps the company keep the website and user transactions more secure. Mining Fit will charge a fee to retrieve an unrecognized payment which is if the amount sent is different then what the transaction system asked the user to pay. In this case, the user needs to write a mail to the company mentioning the transaction details and the fee will be deducted from the sent amount and remaining amount will be credited to the user's Mining Fit wallet. The user can now subscribe to any number of plans of their choice and get daily returns from their contribution in the crypto currency mining for the time period as described in the plan itself. The daily returns will be credited to the Mining Fit wallet of the user; the user can subscribe to more plans with the returns or withdraw it from the Mining Fit wallet to their external wallet whenever they want. The minimum amount of withdrawal for any crypto currency is 0.01, this withdrawal will be sent to the user's external wallet within 24 hours from the time of withdrawal from the Mining Fit wallet.

Mining Fit account holder may load funds from their mobile/computer/external/paper wallet. Account holder may be charged fees by the mobile/computer/external/paper wallet provider or by the block chain network for such transaction. Mining Fit is not responsible for any fees charged by mobile/computer/external/paper wallet providers or by the block chain network. Account holder is solely responsible for his use of mobile/computer/external/paper wallet accounts and account holder agrees to comply with all terms and conditions applicable to any mobile/computer/external/paper wallet accounts.

You have the right to use the Mining Fit account only in compliance with these Terms and other commercial terms and principles published on the Mining Fit website. In particular, you must observe all regulations aimed at ensuring the security of funds and financial transactions.

Provided that the balance of funds in your Mining Fit wallet is greater than any minimum balance required to withdraw, you may withdraw from your Mining Fit wallet any amount of funds, up to the total amount of funds in your Mining Fit wallet, to mobile/computer/external/paper wallet account, no withdrawal fees shall be charged by Mining Fit or by Mining Fit wallet for such transaction. Withdrawals are processed instantly from the Mining Fit wallet and may be take up to 24 hours to reach user's mobile/computer/external/paper wallet. Some withdrawals may require additional verification information which you will have to provide in order to process the withdrawal.

You have the right to close the Mining Fit account. In case you have funds on your Mining Fit wallet you should withdraw funds from your account prior to requesting Mining Fit account closure. After we receive your Mining Fit account closure request we will deactivate your Mining Fit account as soon as technically possible but at the latest in 7 days from the day after receiving your request to close the Mining Fit account. Mining Fit will inform you when your Mining Fit account is closed.

Mining Fit is not responsible for the loss of the funds, stored on or transferred from the Mining Fit wallet, as well as for the erroneous implementation of the transactions made via Mining Fit wallet, where such loss or faulty implementation of the transaction are the result of a malfunction of the Mining Fit wallet and the malfunction was caused by you or the Mining Fit wallet. You are obliged to inform Mining Fit in case of loss or theft, as well as in the case of any possible misuse of the access data to your Mining Fit account, without any delay, and demand change of access data or closure of your existing Mining Fit account and submit a request for new access data. Mining Fit will execute the change of access data or closure of the Mining Fit account and the opening of new Mining Fit account as soon as technically possible and without any undue delay.

All information pertaining to registration, including a registration form, generation of Mining Fit wallet and detailed instructions on the use of the Mining Fit account and Mining Fit wallet are available at Mining Fit website. The registration form as well as the entire system is properly protected from unwanted interference by third parties.


RIGHTS AND OBLIGATIONS

In the event of disputes with you, Mining Fit is obliged to prove that the Mining Fit service which is the subject of the dispute was not influenced by technical or other failure. You will have possibility to check at any time, subject to technical availability, the transactions details, statistics and available balance of the funds held on the Mining Fit wallet, through access to the Mining Fit account.

When accessing or using the Mining Fit services or Mining Fit wallet, you agree that you will not violate any law, contract, intellectual property or other third-party right or commit a tort, and that you are solely responsible for your conduct while using Mining Fit services or Mining Fit wallet.

As a condition of your use of the Mining Fit services you warrant to Mining Fit that you will not use the Mining Fit services for any purpose that is unlawful or prohibited by these Terms. You may not use the Mining Fit services in any manner that could damage, disable, overburden, or impair the provision of Mining Fit services or interfere with any other party's use and enjoyment of the Mining Fit services. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided to you or public through the Mining Fit services.

We may, in our sole discretion, at any time, for any or no reason and without liability to you, with prior notice and with notice period of 30 days (i) terminate all rights and obligations between you and Mining Fit derived from these Terms, (ii) suspend your access to all or a portion of Mining Fit services, Mining Fit wallet and its related services or any portion thereof and delete or deactivate your Mining Fit account and all related information and files in such account (iii) modify, suspender discontinue, temporarily or permanently, any portion of Mining Fit services or (iv) provide enhancements or improvements to the features and functionality of the Mining Fit services, which may include patches, bug fixes, updates, upgrades and other modifications. Any such change may modify or delete certain portion, features or functionalities of the Mining Fit services. You agree that Mining Fit has no obligation to (i) provide any updates, or (ii) continue to provide or enable any particular portion, features or functionalities of the Mining Fit services to you. You further agree that all changes will be (i) deemed to constitute an integral part of the Mining Fit services, and (ii) subject to these Terms.

In the event of your breach of these Terms, including but not limited to, for instance, in the event that you breach any term of these Terms, due to legal grounds originating in anti-money laundering and know your client regulation and procedures, or any other relevant applicable regulation, all right and obligations between you and Mining Fit derived from these Terms terminate automatically if you fail to comply with these Terms within the notice period of 8 days after you have been warned by Mining Fit about the breach and given 8 days period to cure the breaches. Mining Fit reserves the right to keep these rights and obligations in force despite your breach of these terms.

In the event of termination, Mining Fit will attempt to return you any funds stored on your Mining Fit wallet not otherwise owed to Mining Fit, unless Mining Fit believes you have committed fraud, negligence or other misconduct. You acknowledge that the Mining Fit services and Mining Fit wallet may be suspended for maintenance.

Technical information about the hashing power transactions, including information about chosen server locations, algorithms used, selected mining pools, your business or activities, including all financial and technical information, specifications, technology together with all details of prices, current transaction performance and future business strategy represent confidential information and trade secrets. Mining Fit shall, preserve the confidentiality of all before mentioned information and shall not disclose or cause or permit to be disclosed without your permission any of these information to any person save to the extent that such disclosure is strictly to enable you to perform or comply with any of your obligations under these Terms, or to the extent that there is an irresistible legal requirement on you or Mining Fit to do so; or where the information has come into the public domain otherwise than through a breach of any of the terms of these Terms. Mining Fit shall not be entitled to make use of any of these confidential information and trade secrets other than during the continuance of and pursuant to these Terms and then only for the purpose of carrying out its obligations pursuant to these Terms.


COMMUNICATION AND SUPPORT

You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures that Mining Fit provides in connection with your Mining Fit account or use of the Mining Fit services. You agree that Mining Fit may provide these communications to you by posting them via the Mining Fit account or by emailing them to you at the email address you provide. You should maintain copies of electronic communications by printing a paper copy or saving an electronic copy.

It is your responsibility to keep your email address updated in the Mining Fit account so that Mining Fit can communicate with you electronically. You understand and agree that if Mining Fit sends you an electronic communication but you do not receive it because your email address is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic communications, it will be deemed that you have been provided with the communication. You can update your Mining Fit account preferences at any time by logging into your Mining Fit account. If your email address becomes invalid such that electronic communications sent to you by Mining Fit are returned, Mining Fit may deem your account to be inactive and close it, and you may not be able to use the Mining Fit services until Mining Fit does not receive a valid, working email address from you.

You may give Mining Fit a notice under these Terms by sending an email to support@miningfit.com or contact Mining Fit through support box located on the Mining Fit website. All communication and notices pursuant to these Terms must be given in English language.


TAX

It is your responsibility to determine what, if any, taxes apply to the transactions you complete or services you provide via the Mining Fit services and Mining Fit wallet, it is your responsibility to report and remit the correct tax to the appropriate tax authority and all your factual and potential tax obligations are your concern. You agree that Mining Fit is not in any case and under no conditions responsible for determining whether taxes apply to your transactions or services or for collecting, reporting, withholding or remitting any taxes arising from any transactions or services. You also agree that Mining Fit is not in any case and under no conditions bound to compensate for your tax obligation or give you any advice related to tax issues.


INTELECTUAL PROPERTY

Mining Fit retains all copyright and other intellectual property rights, including inventions, discoveries, knowhow, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon over all content and other materials contained on Mining Fit website or provided in connection with the Mining Fit services, including, without limitation, the Mining Fit logo and all designs, text, graphics, pictures, information, data, software, source code, as well as the compilation thereof, sound files, other files and the selection and arrangement thereof. This material is protected by International copyright laws and other intellectual property right laws. These Terms shall not be understood and interpreted in a way that they would mean assignment of copyright or other intellectual property rights, unless it is explicitly defined so in these terms.

Mining Fit hereby grants you a limited, nonexclusive and non-sub licensable license to access and use Mining Fit’s copyrighted work and other intellectual propriety for your personal or internal business use. Such license is subject to these Terms and does not permit any resale, the distribution, public performance or public display, modifying or otherwise making any derivative uses, use, publishing, transmission, reverse engineering, participation in the transfer or sale, or any way exploit any of the copyrighted work and other intellectual propriety other than for their intended purposes. This granted license will automatically terminate if Mining Fit suspends or terminates your access to the Mining Fit services, Mining Fit wallet or closes your Mining Fit account.

Mining Fit will own exclusive rights, including all intellectual property rights, to any feedback including, but not limited to, suggestions, ideas or other information or materials regarding Mining Fit services or related products that you provide, whether by email, posting through our Mining Fit website, Mining Fit account or otherwise and you irrevocably assign any and all intellectual property rights on such feedback unlimited in time, scope and territory. Any Feedback you submit is non-confidential and shall become the sole property of Mining Fit. Mining Fit will be entitled to the unrestricted use, modification or dissemination of such feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you. You waive any rights you may have to the feedback. We have the right to remove any posting you make on Mining Fit website if, in our opinion, your post does not comply with the content standards defined by these Terms.


PRIVACY POLICY

Please refer to our Privacy Policy published on Mining Fit website for information about how we collect, use and share your information.