PLEASE READ THESE NICEHASH PLATFORM TERMS OF USE AND NICEHASH MINING TERMS OF SERVICE (“Terms”) CAREFULLY BEFORE USING THE PLATFORM OR SERVICES DESCRIBED HEREIN. BY SELECTING “I AGREE”, ACCESSING THE PLATFORM, USING NICEHASH MINING SERVICES OR DOWNLOADING OR USING NICEHASH MINING SOFTWARE, YOU ARE ACKNOWLEDGING THAT YOU HAVE READ THESE TERMS, AS AMENDED FROM TIME TO TIME, AND YOU ARE AGREEING TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO THESE TERMS, OR ANY SUBSEQUENT AMENDMENTS, CHANGES OR UPDATES, DO NOT ACCESS THE PLATFORM, USE NICEHASH MINING SERVICES OR USE THE NICEHASH MINING SOFTWARE.
GENERAL
These Terms apply to users of the NiceHash Platform (“NiceHash Platform”) and NiceHash Mining Services (“NiceHash Services”) which are provided to you by NICEHASH AG, a company organized and existing under the laws of Switzerland, with registered address at Gotthardstrasse, 26, 6300 Zug, registration number: CHE-405.791.581, hereinafter referred to as “NiceHash”.
NICEHASH AG is affiliated to SO-FIT as a financial intermediary within the meaning of article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organization recognized by the Swiss Federal Financial Markets Supervisory Authority (FINMA).
ELIGIBILITY
By using the NiceHash Platform and NiceHash Services, you represent and warrant that you:
are at least Minimum Age and have capacity to form a binding contract;
have not previously been suspended or removed from the NiceHash Platform;
have full power and authority to enter into this agreement and, in doing so, will not violate any other agreement to which you are a party;
are not furthering, performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your relationship with NiceHash, through your use of NiceHash Platform or use of NiceHash Services;
will not use NiceHash Platform or NiceHash Services if any applicable laws in your country prohibit you from doing so in accordance with these Terms.
NiceHash reserves the right to terminate your access to the NiceHash Platform and Mining Services for any reason and in NiceHash sole and absolute discretion. Use of NiceHash Platform and Mining Services is void where prohibited by applicable law.
Depending on your country of residence or incorporation or registered office, you may not be able to use all the functions of the NiceHash Platform or all of NiceHash Services provided therein. It is your responsibility to follow the rules and laws in your country of residence and/or country from which you access the NiceHash Platform.
DEFINITIONS
NiceHash Platform means a website located at the following web address: www.nicehash.com.
NiceHash Services mean all services provided by NiceHash, namely the provision of the NiceHash Platform, Hashrate marketplace, NiceHash API, NiceHash OS, NiceHash Mining Software including licence for NiceHash Miner and NiceHash QuickMiner, NiceHash Private Endpoint, NiceHash Account, NiceHash mobile apps, and all other software products, applications and services associated with these products.
Hashrate marketplace means an infrastructure provided by NiceHash which enables the Hashrate providers to point their rigs towards NiceHash stratum servers where Hashrate provided by different Hashrate providers is gathered and sold as generic Hashrate to the Hashrate buyers.
Hashrate buyer means a legal entity or individual who buys the gathered and generic hashrate on the Hashrate marketplace from undefined Hashrate providers.
Hashrate order is an order off a buyer placed on the Hashratemarket place, determining the available parameters.
Hashrate provider means a legal entity or individual who sells his hashrate on the Hashrate marketplace to undefined Hashrate buyers.
NiceHash Mining Software means NiceHash Miner, NiceHash OS, NiceHash QuickMiner, NiceHash and any other software available via the NiceHash Platform, except for Third Party Plugins and Miners.
NiceHash Miner means a comprehensive software with graphical user interface and web interface.NiceHash Miner is a comprehensive software with a graphical user interface and web interface. NiceHash Miner is a process manager software which enables the Hashrate providers to point their rigs towards NiceHash stratum servers and sell their hashrate to the Hashrate buyers. NiceHash Miner also means any and all of its source code, compilations, updates, upgrades, modifications, error corrections, patches and bug fixes and similar. NiceHash Miner does not mean third party software compatible with NiceHash Miner (Third Party Plugins and Miners).
NiceHash QuickMiner means a low-level software with command line interface, which enables the Hashrate providers to point their rigs towards NiceHash stratum servers and sell their hashrate to the Hashrate buyers. It includes any and all of its source code, compilations, updates, upgrades, modifications, error corrections, patches and bug fixes and similar. NiceHash Quickminer can be downloaded from the NiceHash Platform download page.
Hashrate rig means all hardware which produces hashrate that represents computation power which is required to calculate the hash function of different types of Digital Assets.
Stratum is a lightweight mining protocol.
NiceHash EasyMining means a process where a user attempts to validate blocks on the Blockchain alone as an individual miner using purchased Hashrate on the Hashrate marketplace through the NiceHash EasyMining Pool.
NiceHash EasyMining Pool means a software interface which enables solo mining operations.
NiceHash TeamMining Package means a collective hashrate order placed by several users jointly to the Hashrate Marketplace.
Package Share means a commitment of 0.0001 BTC within a NiceHash TeamMining Package.
MassBuy means a special EasyMining or TeamMining order, that is placed consecutively for the user-determined number of consecutive packages on EasyMining or TeamMining.
NiceHash Account means an online account available on the NiceHash Platform and created by completing the registration procedure on the NiceHash Platform.
Account holder means an individual or legal entity who completes the registration procedure and successfully creates the NiceHash Account.
Minimum Age means 18 years old or older, if in order for NiceHash to lawfully provide the NicheHash Services to you without parental consent (including using your personal data).
NiceHash Wallet may refere to the Collective and/or Individual niceHash Wallet.
Collective NiceHash Wallet means a wallet created for the Account holder upon meeting all the criteria for using NiceHash services and provided by the NiceHash Wallet provider. User funds are aggregate on the NiceHash wallet on the same or several bolckchain addresses and may be held on this wallet for a period that is no longer that 60 days.
Individual NiceHash Wallet means a wallet created for the Account holder upon meeting all the criteria for using NiceHash services and provided by the NiceHash Wallet provider, whereas individual user funds are stored on such wallets on individual addresses for undetermined time.
NiceHash Wallet provider is a third party which on behalf of the Account holder provides and manages the NiceHash Wallet, holds, stores and transfers funds and hosts NiceHash Wallet as well as Individual NiceHash wallets. Find more information about the Wallet provider Fireblocks Inc. https://www.fireblocks.com.
Blockchain network is a distributed database that is used to maintain a continuously growing list of records, called blocks.
Blockchain Reward means a predetermined amount of a particular Digital Asset attributed to the person first to validate a new block on the Blockchain.
Business Order means an order, created with predefined parameters.
Coinbase transaction means the unique first transaction in a block used to assign the Blockchain Reward.
Lightning Network means a second layer protocol on the Bitcoin network that allows fast transactions with lower fees. Lightning Network allows participants to create smart contracts and allows all transactions between these participants practically instantaneously.
Force Majeure Event means any governmental or relevant regulatory regulations, acts of God, war, riot, civil commotion, fire, flood, or any disaster or an industrial dispute of workers unrelated to you or NiceHash. Any act, event, omission, happening or non-happening will only be considered Force Majeure if it is not attributable to the wilful act, neglect or failure to take reasonable precautions of the affected party, its agents, employees, consultants, contractors and sub-contractors.
A digital asset means any value-holding digital entity secured by cryptography and managed on a blockchain.
SALE AND PURCHASE OF HASHRATE
Hashrate providers agree to sell their hashrate to undefined Hashrate buyers and authorizes NiceHash to act in the name and on account of the Hashrate providers (direct proxy).
NiceHash agrees to proceed Hashrate buyers’ payments for the provided hashrate on the Hashrate marketplace, on the Terms set forth herein. According to the applicable principle get-paid-per-valid-share (pay as you go principle) Hashrate providers will be paid only for validated and accepted Hashrate to their NiceHash Wallet or other wallet, as indicated in Account holder’s profile settings or in stratum connection username. In some cases, no Hashrate is sent to Hashrate buyers or is accepted by NiceHash Services, even if hashrate is generated on the Hashrate rigs. These cases include usage of slower hardware as well as software, hardware or network errors. In these cases, Hashrate providers are not paid for such hashrate.
Hashrate buyer agrees to purchase hashrate from undefined Hashrate providers and authorizes NiceHash to act in the name and on account of the Hashrate buyers (direct proxy). NiceHash agrees to process the order and forward the purchased hashrate on the Hashrate marketplace, on the Terms set forth herein. According to the applicable principle pay-per-valid-share (pay as you go principle) Hashrate buyers will pay from their NiceHash Wallet only for the hashrate that was validated by NiceHash Services. When connection to the mining pool which is selected on the Hashrate order is lost or when an order is canceled during its lifetime, Hashrate buyer pays for additional 10 seconds worth of hashrate. Hashrate order is charged for extra hashrate when mining pool which is selected on the Hashrate order, generates rapid mining work changes and/or rapid mining job switching. All payments including any fees will be processed in Bitcoin and NiceHash does not provide an option to sale and purchase of the hashrate in fiat currency.
MAIN RISK DISCLOSURE
If you choose to use NiceHash Platform, Niche Hash Services and NiceHash 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 NiceHash Platform and NiceHash Services, blockchain technology, Bitcoin, all other Digital Assets, proof of work concept and other associated and related technologies are new and untested and outside of NiceHash’s control. You acknowledge that there are major risks associated with these technologies. In addition to the risks disclosed below, there are risks that NiceHash cannot foresee and it is unreasonable to believe that such risk could have been foreseeable. The performance of NiceHash’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 NiceHash’s expectations, (ii) it would be unjust to enforce NiceHash’s obligations in the general opinion or (iii) NiceHash’s obligation becomes impossible.
NiceHash Account abuse
You acknowledge that there is risk associated with the NiceHash Account abuse and that you have been fully informed and warned about it. The funds stored in the NiceHash 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 risks
You acknowledge that there is risk associated with future legislation which may restrict, limit or prohibit certain aspects of blockchain technology which may also result in restriction, limitation or prohibition of NiceHash Services and/or in accessing NiceHash Platform and that you have been fully informed and warned about it.
Risk of hacking
You acknowledge that there is risk associated with hacking NiceHash Services, NiceHash Platform and NiceHash Wallet and that you have been fully informed and warned about it. Hacker or other groups, agencies or organizations may attempt to interfere with NiceHash Services, NiceHash Platform, NiceHash Mining Software or NiceHash Wallet in any way, including, but not limited to and without limitation, denial of services attacks, Sybil attacks, spoofing, smurfing, malware attacks, mining attacks or consensus-based attacks.
Digital Assets risk
You acknowledge that there is risk associated with the Bitcoin that is used as payment means and that you have been fully informed and warned about it. Digital Assets 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.
NiceHash Wallet risk
You acknowledge that there is risk associated with funds held on the NiceHash Wallet and that you have been fully informed and warned about it. You acknowledge and agree that NiceHash shall not be responsible for any NiceHash Wallet provider’s services, including their accuracy, completeness, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect thereof. NiceHash does not assume and shall not have any liability or responsibility to you or any other person or entity for any NiceHash Wallet provider’s services. Since the NiceHash Wallet is a Digital Asset wallet all funds held on it are entirely uninsured in contrast to the funds held on the bank account or other financial institutions which are insured. Funds held on the Collective NiceHash wallet are assigned to individual users using NiceHash’sinternal ledger. Funds held on individual NiceHash wallets are held on individual blockchain addresses assigned to each individual user.
Connection risk
You acknowledge that there are risks associated with usage of NiceHash Services which are provided through the 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 NiceHash will not be responsible for any configuration, connection or communication failures, disruptions, errors, distortions or delays you may experience when using NiceHash Services, however caused.
Hashrate provision risk
You acknowledge that there are risks associated with the provisions of the hashrate which is provided by the Hashrate providers through the Hashrate marketplace and that you have been fully informed and warned about it. You acknowledge that NiceHash does not provide the hashrate but only provides the Hashrate marketplace as a service. Hashrate providers’ Hashrate rigs are new and untested and outside of NiceHash’s control. There is a major risk that the Hashrate rigs (i) will stop providing hashrate, (ii) will provide hashrate in an unstable way, (iii) will be wrongly configured or (iv) provide insufficient speed of the hashrate. Hashrate rigs as hardware could be subject of damage, errors, electricity outage, misconfiguration, connection or communication failures and other malfunctions. NiceHash will not be responsible for operation of Hashrate rigs and its provision of hashrate. By submitting a Hashrate order you agree to a hashrate no-refund policy – all shares forwarded to mining pool, selected on the Hashrate order are final and non-refundable.
Hashrate profitability risk
You acknowledge that there is risk associated with the profitability of the hashrate provision and that you have been fully informed and warned about it. You acknowledge that all Hashrate rig’s earning estimates and profitability calculations on NiceHash Platform are only for informational purposes and were made based on the Hashrate rigs set up in the test environments. NiceHash does not warrant that your Hashrate rigs would achieve the same profitability or earnings as calculated on NiceHash Platform. There is risk that your Hashrate rig would not produce desired hashrate quantity and quality and that your produced hashrate would differentiate from the Hashrate produced by NiceHash’s Hashrate rigs set up in the test environments. There is risk that your Hashrate rigs would not be as profitable as NiceHash’s Hashrate rigs set up in the test environments or would not be profitable at all.
WARRANTIES
NiceHash Platform and NiceHash Services are provided on the “AS IS” and “AS AVAILABLE” basis, including all faults and defects. To the maximum extent permitted by applicable law, NiceHash makes no representations and warranties and you waive all warranties of any kind. Particularly, without limiting the generality of the foregoing, NiceHash makes no representations and warranties, whether express, implied, statutory or otherwise regarding NiceHash Platform and NiceHash Services or other services related to NiceHash Platform 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, NiceHash 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 NiceHash Services or other services related to NiceHash Platform 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 NiceHash Platform and NiceHash Services including information, content and material contained therein.
Especially NiceHash makes no representations and warranties, whether express, implied, statutory or otherwise regarding any payment services and systems, which is provided by third party or any other financial services which might be related to the NiceHash Platform NiceHash Services or NiceHash Wallet.
You acknowledge that you do not rely on and have not been induced to accept the NiceHash Platform and NiceHash 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 NiceHash nor any of its respective agents, officers, employees or advisers have given any such warranties, representations, covenants, undertakings or other statements.
LIABILITY
NiceHash and their respective officers, employees, representatives or agents or its affiliates 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 NiceHash Platform, NiceHash Services or NiceHash Wallet), even if NiceHash has been advised of the possibility of such damages or losses, including, without limitation, from the use or attempted use of NiceHash Platform, NiceHash Services and NiceHash Wallet or other related websites or services.
NiceHash or its affiliates will not be responsible for any compensation, reimbursement, or damages arising in connection with: (i) your inability to use the NiceHash Platform, NiceHash Mining Services or NiceHash Wallet, including without limitation as a result of any termination or suspension of the NiceHash Platform or these Terms, power outages, maintenance, defects, system failures, mistakes, omissions, errors, defects, viruses, hacking, delays in operation or transmission or any failure of performance, (ii) the cost of procurement of substitute goods or services, (iii) any of your investments, expenditures, or commitments in connection with these Terms or your use of or access to the NiceHash Platform, Nice Hash Mining Services and NiceHash Wallet, (iv) your reliance on any information obtained from NiceHash, (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 NiceHash Platform and NiceHash Services or NiceHash Wallet.
NiceHash’s aggregate liability (including NiceHash’s officers, representatives, employees, affiliates 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 NiceHash Platform, NiceHash Services and NiceHash Wallet, or inability to use them 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 Swiss francs per Account holder.
You will defend, indemnify, and hold NiceHash or its affiliates harmless and all respective employees, officers, representatives and agents 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, NiceHash Platform NiceHash Services and NiceHash Wallet, (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 NiceHash, NiceHash will have the right, in its sole discretion, to control any action or proceeding (at NiceHash’s expense) and determine whether NiceHash wish to settle it. If NiceHash is obligated to respond to a third-party subpoena or other compulsory legal order or process described above, you will also reimburse NiceHash for reasonable attorney fees, as well as NiceHash’s employees’ and contractors’ time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.
The NiceHash Services and the information, products, and services included in or available through the NiceHash Platform may include inaccuracies or typographical errors. Changes are periodically added to the information herein. Improvements or changes on the NiceHash Platform can be made at any time.
NICEHASH ACCOUNT
The registration of the NiceHash Account is made through the NiceHash Platform, 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 confirm your registration by clicking on the link in the confirmation email the NiceHash Account is created. NiceHash will send you proof of completed registration once the process is completed.
When you create NiceHash 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 NiceHash Account and your username and password for your NiceHash Account, (iii) maintain the security of your NiceHash Account by protecting your password and by restricting access to your NiceHash Account; (iv) promptly notify NiceHash if you discover or otherwise suspect any security breaches related to your NiceHash Account so NiceHash can take all required and possible measures to secure your NiceHash Account and (v) take responsibility for all activities that occur under your NiceHash Account and accept all risks of any authorized or unauthorized access to your NiceHash Account, to the maximum extent permitted by law.
Losing access to your email, registered at NiceHash Platform, may also mean losing access to your NiceHash Account. You may not be able to use the NiceHash Platform, NiceHash Services or NiceHash Wallet, execute withdrawals and other security sensitive operations until you regain access to your email address, registered at NiceHash Platform. If you wish to change the email address linked to your NiceHash Account, NiceHash may ask you to complete an additional KYC procedure for security purposes. This step serves solely for the purpose of identification in the process of regaining access to your NiceHash Account.
Before you will be able to use any of the NiceHash Services, you will need to succesfully complete a KYC procedure, in case you are onboarding a legal entity also the KYB procedure as prescribed by law and deemed necessary by NiceHash. An unsuccessful KYC will lead to account termination.
Once the NiceHash Account is created and the KYC/KYB procedure is successfully completed, you will be granted use of the collective NiceHash Wallet through the NiceHash Account.
IMPORTANT NOTICE! THE NICEHASH WALLET IS INTENDED FOR NICEHASH SERVICES RELATED USE ONLY. YOU SHALL NOT USE NICEHASH WALLET FOR THE STORAGE OF YOUR DIGITAL ASSETS ONLY. IN CASE OF LONGER INACTIVITY/NOT USING OTHER NICEHASH SERVICES, NICEHASH MAY APPLY AN INACTIVITY FEE AND/OR CLOSE THE ACCOUNT.
SHOULD YOU NOT USE YOUR FUNDS FOR 50 DAYS AFTER DEPOSITING THEM ON THE COLLECTIVE NICEHASH WALLET, YOUR ASSETS WILL BE AUTOMATICALY PLACED ON AN INDIVIDUAL NICEHASH WALLET, FEES MAY APPLY.
Account holder’s Individual NiceHash Wallet is generated by the NiceHash Wallet provider and accessible through the NiceHash account. Account holder is strongly suggested to enhance the security of his NiceHash Account by adding an additional security step of Two-factor authentication (hereinafter “2FA”) when logging into his account, withdrawing funds from his NiceHash Wallet or placing a new order. Account holder can enable this security feature in the settings of his/her NiceHash Account. In the event of losing or changing 2FA code, NiceHash may ask the Account holder to complete an additional KYC procedure for security reasons. This step serves solely for the purpose of identification in the process of reactivating Account holders 2FA. NiceHash may at its disposal mandate this feature for certain or all services.
In order to use certain functionalities of the NiceHash Platform, such as paying for the acquired hashrate, users must deposit funds to the NiceHash Wallet, as the payments for the hashrate may be made only through the NiceHash Wallet. Hashrate providers shall be paid for the hashrate by using NiceHash Wallet to receive the payments.
NiceHash Wallet shall not be used by Account holders to keep, save and hold funds for a period longer than 50 days and also not for executing other transactions which are not related to the transactions regarding the NiceHash Platform. The NiceHash Wallet shall be used exclusively and only for current and ongoing transactions regarding the NiceHash Platform and NiceHash Services. Account holders shall promptly withdraw any funds kept on the NiceHash Wallet that will not be used and are not intended for the reasons described earlier.
Shall funds be held on NiceHash Wallet for more than 50 days, NiceHash will be entitled, in its sole discretion but at the Account holder’s expense to transfer the funds to the Individual Nicehash Wallet, or to a bitcoin address, belonging to the account holder that is not under NiceHash’s control. Funds that will be moved to the Individual NiceHash Wallets, will remain available for the Account holder at all times and will ensure that they are attributable to each Account holder individually, by creating a client-specific address per Account holder. Fees may be charged by NiceHash for the creation and maintenance of the Individual wallet and for the transactions between the Collective NiceHash Wallet and the Individual NiceHashWallet, in addition to those that may be charged by NiceHash Wallet provider or by the blockchain network. When moving funds to addresses outside of NiceHash’s control, withdrawal fees apply. The 50 days period limitation does apply not to Business users,with treasury management departments.
Commission fees may be charged by the NiceHash Wallet provider, by the blockchain network or by NiceHash for any NiceHash Wallet transactions. Please refer to the NiceHash Platform, for more information about the commission fees for NiceHash Wallet transactions which are applicable at the time of the transaction. NiceHash reserves the right to change these commission fees according to the provisions to change these Terms at any time for any reason.
You have the right to use the NiceHash Account only in compliance with these Terms and other commercial terms and principles published on the NiceHash Platform. 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 NiceHash Wallet is greater than any minimum balance requirements needed to satisfy any of your open orders, you may withdraw from your NiceHash Wallet any amount of funds, up to the total amount of funds in your NiceHash Wallet in excess of such minimum balance requirements, less any applicable withdrawal fees charged by NiceHash or by the blockchain network for such transaction. Withdrawals are not processed instantly and may be grouped with other withdrawal requests. Some withdrawals may require additional verification information which you will have to provide in order to process the withdrawal. It may take up to 24 hours before withdrawal is fully processed and distributed to the Blockchain network. Please refer to the NiceHash Platform for more information about the withdrawal fees and withdrawal processing. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason.
You have the right to close the NiceHash Account. In case you have funds on your NiceHash Wallet you should withdraw funds from your NiceHash Wallet prior to requesting NiceHash Account closure. After NiceHash receives your NiceHash Account closure request NiceHash will deactivate your NiceHash Account, including your NiceHash Wallet. You can read more about closing the NiceHash Account in NiceHash’s Privacy Policy. Your NiceHash Account may be closed by NiceHash due to your inactivity. Your NiceHash Account may be locked and a mandatory KYC procedure is applied for security reasons, if it has been more than 6 months since your last login.
NiceHash or any of its partners or affiliates are not responsible for the loss of the funds, stored on or transferred from the NiceHash Wallet, as well as for the erroneous implementation of the transactions made via NiceHash Wallet, where such loss or faulty implementation of the transaction are the result of a malfunction of the NiceHash Wallet and the malfunction was caused by you or the NiceHash Wallet provider. You are obliged to inform NiceHash in case of loss or theft, as well as in the case of any possible misuse of the access data to your NiceHash Account, without any delay, and demand change of access data or closure of your existing NiceHash Account and submit a request for new access data. NiceHash will execute the change of access data or closure of the NiceHash Account and the opening of a new NiceHash Account as soon as technically possible and without any undue delay.
All information pertaining to registration, including a registration form, detailed instructions on the use of the NiceHash Account and NiceHash Wallet are available at NiceHash Platform.
KYC PROCEDURE
NiceHash is appropriately implementing AML/CTF and security measures to diligently detect and prevent money laundering or terrorist financing as well as any malicious or unlawful use of NiceHash Platform, NiceHash Services and Nicehash Wallet, which is strictly prohibited by these Terms, which are deemed as your agreement to provide any required information, including personal information notably for identity verification. Security measures may include a KYC procedure, which is aimed at determining the identity of an Account holder.
NiceHash may ask you to complete this procedure before enabling some or all functionalities of the NiceHash Platform and provide NiceHash Mining Services. A KYC procedure might be applied as a security measure when:
changing the email address linked to your NiceHash Account,
losing or changing your 2FA code;
gaining access to all or a portion of NiceHash Services, NiceHash Wallet and its related services or any portion thereof if they were disabled and
activating your NiceHash Account if it has been deactivated due to its inactivity and/or security or other reasons.
HASHRATE TRANSACTIONS
General
NiceHash may, at any time and in its sole discretion, (i) refuse any order submitted or provided hashrate, (ii) cancel an order or part of the order before it is executed, (iii) impose limits on the order amount permitted or on provided hashrate or (iv) impose any other conditions or restrictions upon your use of the NiceHash Platform and NiceHash Services without prior notice. For example, but not limited to, NiceHash may limit the number of open orders that you may establish or limit the type of supported Hashrate rigs and mining algorithms or NiceHash may restrict submitting orders or providing hashrate from certain locations.
Please refer to the NiceHash Platform, for more information about terminology, hashrate transactions’ definitions and descriptions, order types, order submission, order procedure, order rules and other restrictions and limitations of the hashrate transactions. NiceHash reserves the right to change any transaction, definitions, description, order types, procedure, rules, restrictions and limitations at any time for any reason.
Orders, provision of hashrate, payments, deposits, withdrawals and other transactions are accepted only through the interface of the NiceHash Platform, NiceHash API and NiceHash Account and are fixed by the software and hardware tools of the NiceHash Platform. If you do not understand the meaning of any transaction option, NiceHash strongly encourages you not to utilize any of those options.
Hashrate Order
In order to submit a Hashrate Order via the NiceHash Account, the Hashrate buyer must have buyer submits a new order to buy hashrate via the NiceHash Platform or via the available funds in his NiceHash Wallet.
Hashrate NiceHash API by setting the following parameters in the order form: NiceHash Service server location, third-party mining pool, algorithm to use, order type, set amount he/she is willing to spend on this order, set price per hash he/she is willing to pay, optionally approximate limit maximum hashrate for his/her order and other parameters as requested and by confirming his/her order. Hashrate buyer may submit an order in maximum amount of funds available on his NiceHash Wallet at the time of order submission. Order run time is only approximate since order’s lifetime is based on the number of hashes that it delivers.
Particularly during periods of high volume, illiquidity, fast movement or volatility in the marketplace for any digital assets or hashrate, the actual price per hash at which some of the orders are executed may be different from the prevailing price indicated on NiceHash Platform at the time of your order. You understand that NiceHash is not liable for any such price fluctuations. In the event of market disruption, NiceHash Services disruption, NiceHash Hashrate Marketplace disruption or manipulation or Force Majeure Event, NiceHash may do one or more of the following: (i) suspend access to the NiceHash Account, NiceHash Wallet or NiceHash Platform, or (ii) prevent you from completing any actions in the NiceHash Account, including closing any open orders. Following any such event, when trading resumes, you acknowledge that prevailing market prices may differ significantly from the prices available prior to such event.
When Hashrate buyer submits an order for purchasing of the hashrate via NiceHash Platform or via NiceHash API, the Hashrate buyer authorizes NiceHash to execute the order on his behalf and for his account in accordance with such order. To this end, Hashrate buyer agrees that NiceHash will enter into contractual relationships with Hashrate providers, in the Hashrate buyer’s name and for his/her exclusive account. Hashrate buyer acknowledges and agrees that NiceHash is not acting as his/her counterparty . NiceHash executes the order in set order amount minus NiceHash’s processing fee. Once the order is successfully submitted the order amount starts to decrease in real time according to the payments for the provided hashrate.
Hashrate buyer agrees to pay applicable processing fee to NiceHash for provided NiceHash Services. NiceHash’s fees are deducted from Hashrate buyer’s NiceHash Wallet once the whole order is exhausted and completed. Please refer to the NiceHash Platform, for more information about the fees which are applicable at the time of provision of NiceHash Services. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason. The changed fees will apply only for the NiceHash Services provided after the change of the fees. All orders submitted prior to the fee change but not necessary completed prior to the fee change will be charged according to the fees applicable at the time of the submission of the order.
NiceHash will attempt, on a commercially reasonable basis, to execute the Hashrate buyer’s purchase of the hashrate on the Hashrate marketplace under these Terms according to the best-effort delivery approach. In this respect, NiceHash does not guarantee that the hashrate will actually be delivered or verified and does not guarantee any quality of the NiceHash Services.
Hashrate buyer may cancel a submitted order during order’s lifetime. If an order has been partially executed, Hashrate buyer may cancel the unexecuted remainder of the order. In this case the NiceHash’s processing fee will apply only for the partially executed order. NiceHash reserves the right to refuse any order cancellation request once the order has been submitted.
Selling Hashrate and the Provision of Hashrate
In order to submit the hashrate to the NiceHash stratum server the Hashrate provider must first point its Hashrate rig to the NiceHash stratum server. Hashrate provider is solely responsible for configuration of his/her/its Hashrate rig.
The Hashrate provider gets paid by Hashrate buyers for all validated and accepted work that his/her Hashrate rig has produced. The provided hashrate is validated by NiceHash’s stratum engine and validator. Once the hashrate is validated the Hashrate provider is entitled to receive the payment for his/her work. NiceHash logs all validated hashrate which was submitted by the Hashrate provider. The Hashrate provider receives the payments of current globally weighted average price on to his/her NiceHash Wallet. The payments are made periodically depending on the volume of payments and your payout settings, all subject to the 50 days rule. Further Hashrate providers may determine a payout threshold, subject to minimum withdrawal limits of the Platform and the 50 days rule. Hashrate providers may also determine multiple payout addresses, whereby the payouts will be automatically distributed to the listed addresses in the predetermined percentage of the payout to each address. Please note that minimum withdrawal limits apply. Please exercise extreme caution while adding addresses, as mistakes in numbers may lead to permanent loss of funds.
NiceHash reserves the right to hold the payments any time and for any reason by indicating the reason, especially if the payments represent smaller values. Please refer to the NiceHash Platform, for more information about the height of payments for provided hashrate, how the current globally weighted average price is calculated, payment conditions and conditions for detention of payments. NiceHash reserves the right to change this payment policy according to the provisions to change these Terms at any time for any reason.
All Hashrate rig’s earnings and profitability calculations on NiceHash Platform are only for informational purposes. NiceHash does not warrant that your Hashrate rigs would achieve the same profitability or earnings as calculated on NiceHash Platform. You hereby acknowledge that it is possible that your Hashrate rigs would not be as profitable as indicated in NiceHash informational calculations or would not be profitable at all.
Hashrate provider agrees to pay applicable processing fee to NiceHash for provided NiceHash Services. The NiceHash’s fees are deducted from all the payments made to the Hashrate provider for his/her provided work. Please refer to the NiceHash Platform, for more information about the fees which are applicable at the time of provision of NiceHash Services. Hashrate provider which has not submitted any hashrate to the NiceHash stratum server for a period of 90 days agrees that a processing fee of 0.00001000 BTC or less, depending on the unpaid mining balance, will be deducted from his/her unpaid mining balance. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason. The changed fees will apply only for the NiceHash Services provided after the change of the fees.
NiceHash will attempt, on a commercially reasonable basis, to execute the provision of Hashrate providers’ hashrate on the Hashrate marketplace under these Terms according to the best-effort delivery approach. In this respect NiceHash does not guarantee that the hashrate will actually be delivered or verified and does not guarantee any quality of the NiceHash Services.
Hashrate provider may disconnect the Hashrate rig from the NiceHash stratum server at any time. NiceHash reserves the right to refuse any Hashrate rig once the Hashrate rig has been pointed towards NiceHash stratum server.
RESTRICTIONS
When accessing the NiceHash Platform or using the Mining Services or NiceHash Wallet, you warrant and agree that you:
will not use the Services for any purpose that is unlawful or prohibited by these Terms,
will not violate any law, contract, intellectual property or other third-party right or commit a tort,
are solely responsible for your conduct while accessing the NiceHash Platform or using the Mining Services or NiceHash Wallet,
will not access the NiceHash Platform or use the Mining Services in any manner that could damage, disable, overburden, or impair the provision of the Services or interfere with any other party's use and enjoyment of the Services,
will not misuse and/or maliciously use Hashrate rigs, you will particularly refrain from using network botnets or using NiceHash Platform or NiceHash Services with Hashrate rigs without the knowledge or awareness of Hashrate rig owner(s),
will not perform or attempt to perform any kind of malicious attacks on blockchains with the use of the NiceHash Platform or NiceHash Services, intended to maliciously gain control of more than 50% of the network's mining hash rate,
will not use the NiceHash Platform or NiceHash Services for any kind of market manipulation or disruption, such as but not limited to NiceHash Services disruption and Hashrate Marketplace manipulation.
In case of any of the above mentioned events, NiceHash reserves the right to immediately suspend or terminate your NiceHash Account, freeze or block the funds in the NiceHash Wallet, and suspend your access to NiceHash Platform, particularly if NiceHash believes that such NiceHash Account is in violation of these Terms or Privacy Policy, or any applicable laws and regulation. In the event of termination, NiceHash will attempt to return any Digital Assets stored in your NiceHash Account not otherwise owed to NiceHash, unless the Digital Assets were obtained through fraud, negligence, other misconduct or violation of these Terms or any AML/CTF applicable laws.
RIGHTS AND OBLIGATIONS
You will have the possibility to check at any time, subject to technical availability, the transactions details, statistics and available balance of the funds held on the NiceHash Wallet, through access to the NiceHash Account.
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 NiceHash Platform or NiceHash Services.
NiceHash may, in its sole discretion, at any time, for any or no reason and without liability to you, with prior notice (i) terminate all rights and obligations between you and NiceHash derived from these Terms, (ii) suspend your access to all or a portion of NiceHash Services, NiceHash Wallet and its related services or any portion thereof and delete or deactivate your NiceHash Account and all related information and files in such account (iii) modify, suspend or discontinue, temporarily or permanently, any portion of NiceHash Platform or (iv) provide enhancements or improvements to the features and functionality of the NiceHash Platform, which may include patches, bug fixes, updates, upgrades and other modifications. Any such change may modify or delete certain portions, features or functionalities of the NiceHash Services. You agree that NiceHash has no obligation to (i) provide any updates, or (ii) continue to provide or enable any particular portion, features or functionalities of the NiceHash Services, NiceHash Platform or NiceHash Wallet to you. You further agree that all changes will be (i) deemed to constitute an integral part of the NiceHash Platform, NiceHash Services, or NiceHash Wallet 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 NiceHash derived from these NiceHash reserves the right to keep these rights and obligations in force despite your breach of these Terms.
In the event of termination, NiceHash will attempt to return you any funds stored on your NiceHash Wallet not otherwise owed to NiceHash, unless NiceHash believes you have committed fraud, negligence or other misconduct. You acknowledge that the NiceHash Services and NiceHash Wallet may be suspended for maintenance.
Technical information about the hashrate 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. NiceHash 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 legal requirement on you or NiceHash 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. NiceHash 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 or defend its own rights.
NICEHASH MINER AND QUICKMINER LICENSE (NICEHASH MINING SOFTWARE LICENSE)
NiceHash Mining Software whether on disk, in read only memory, or any other media or in any other form is licensed, not sold, to you by NiceHash for use only under these Terms. NiceHash retains all the rights to the NiceHash Mining Software itself and reserves all rights not expressly granted to you.
Subject to these Terms, you are granted a limited, non-transferable, non-exclusive and a revocable license to download, install and use the NiceHash Mining Software. You may not distribute or make the NiceHash Mining Software available over a network where it could be used by multiple devices at the same time. You may not rent, lease, lend, sell, redistribute, assign, sublicense host, outsource, disclose or otherwise commercially exploit the NiceHash Mining Software or make it available to any third party.
There is no license fee for the NiceHash Mining Software. NiceHash reserves the right to change the license fee policy according to the provisions to change these Terms any time and for any reason, including to decide to start charging the license fee for the NiceHash Mining Software. You are responsible for any and all applicable taxes.
You may not, and you agree not to or enable others to, copy, decompile, reverse engineer, reverse compile, disassemble, attempt to derive the source code of, decrypt, modify, or create derivative works of the NiceHash Mining Software or any services provided by the NiceHash Mining Software, or any part thereof (except as and only to the extent any foregoing restriction is prohibited by applicable law or to the extent as may be permitted by the licensing terms governing use of open-sourced components included with the NiceHash Mining Software).
If you choose to allow automatic updates, your device will periodically check with NiceHash for updates and upgrades to the NiceHash Mining Software and, if an update or upgrade is available, the update or upgrade will automatically download and install onto your device and, if applicable, your peripheral devices. You can turn off the automatic updates altogether at any time by changing the automatic updates settings found within the NiceHash Mining Software.
You agree that NiceHash as well as any affiliated entity or third-party providers providing services in the context of the NiceHash Platform, NiceHash Services and NiceHash Wallet (“Third-party providers”) may collect and use technical and related information, including but not limited to technical information about your computer, system and application software, and peripherals, that is gathered periodically to facilitate the provision of software updates, product support and other services to you (if any) related to the NiceHash Mining Software and to verify compliance with these Terms. NiceHash may use this information, as long as it is in a form that does not personally identify you, to improve NiceHash Platform, NiceHash Services and NiceHash Wallet.
NiceHash Mining Software contains features that rely upon information about your selected mining pools. You agree to the transmission, collection, maintenance, processing, and use of all information obtained from you about your selected mining pools. You can opt out at any time by going to settings in the NiceHash Mining Software.
NiceHash may provide interest-based advertising to you. If you do not want to receive relevant ads in the NiceHash Mining Software, you can opt out at any time by going to settings in the NiceHash Mining Software. If you opt out, you will continue to receive the same number of ads, but they may be less relevant because they will not be based on your interest.
NiceHash Mining Software license is effective until terminated. All provisions of these Terms regarding the termination apply also for the NiceHash Mining Software license. Upon the termination of NiceHash Mining Software license, you shall cease all use of the NiceHash Mining Software and destroy or delete all copies, full or partial, of the NiceHash Mining Software.
THIRD PARTY MINERS AND PLUGINS
Third Party Miners and Plugins are a third party software which enables the best and most efficient mining operations. NiceHash Miner integrates third party mining software using a third party miner plugin system. Third Party Mining Software is a closed source software which supports mining algorithms for Digital Assets and can be integrated into NiceHash Mining Software. Third Party Miner Plugin enables the connection between NiceHash Mining Software and Third Party Mining Software and it can be closed, as well as open sourced.
In case the Third Party Mining Software is close-sourced and the software source cannot be inspected, NiceHash diligently implements Third Party Mining Software Guidelines accessible at NiceHash Platform website in order to increase security with regards to the NiceHash Miner integration.
NiceHash Mining Software user interface enables the user to manually select which available Third Party Miners and Plugins will be downloaded and integrated. Users can select or deselect Third Party Miners and Plugins found in the Plugin Manager window. Some of the available Third Party Miners and Plugins which are most common are preselected by NiceHash, but can be deselected, depending on users' needs. The details of the Third Party Miners and Plugins available for NiceHash Mining Software are accessible within the NiceHash Mining Software user interface. The details include, but not limited to, the author of the software and applicable license information, if applicable information about developer fee for Third Party Miners and Plugins, software version etc. Developer fees may apply to the use of Third Party Miners and Plugins.
NiceHash will not be liable, 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, arising out of using Third Party Miners and Plugins. The latter includes, but is not limited to: i) any power outages, maintenance, defects, system failures, mistakes, omissions, errors, defects, viruses, delays in operation or transmission or any failure of performance; ii) any unauthorized access, alteration, deletion, destruction, damage, loss or failure to store any data, including records, private key or other credentials, associated with usage of Third Party Miners and Plugins and ii) Force Majeure Event, communications failure, theft or other interruptions.
If you choose to allow automatic updates, your device will periodically check with NiceHash for updates and upgrades to the installed Third Party Miners and Plugins, if an update or upgrade is available, the update or upgrade will automatically download and install onto your device and, if applicable, your peripheral devices. You can turn off the automatic updates altogether at any time by changing the automatic updates settings found within the NiceHash Mining Software.
NICEHASH EASYMINING
NiceHash EasyMining is a service available for registered Account holders which allows them to purchase Hashrate at a fixed price and perform solo mining operations through the NiceHash EasyMining Pool. General provisions for Hashrate Buying service under this Terms of Service also apply for the NiceHash EasyMining service unless otherwise expressly stated in this section.
Users may access the product via NiceHash Website, NiceHash Mobile App or through the NiceHash API. NiceHash provides users with packages containing information about the availability, the mining algorithm for a specific Digital Asset, the price of the package, mining speed, estimation of global speed for the specific algorithm, mining duration, probability of validating a single block and the amount of the Blockchain rewards for the selected algorithm.
Users may purchase the packages only using Bitcoin and have to have sufficient funds on their NiceHash Wallet before the purchase. Before completing the purchase of the package users have to specify their external Digital Asset wallet address for the selected package. An internal NiceHash wallet is available only for bitcoin mining packages. A KYC procedure and an enabled 2FA security feature are mandatory.
Once the package has been successfully selected and the Hashrate Order placed, NiceHash provides the user with the information about the exact start of the Hashrate Order, its lifetime, approximate remaining time, the price of the Hashrate and the amount of committed Hashrate on the Hashrate Order.
The purchased Hashrate is directed to the NiceHash EasyMining Pool according to the selected package. Users are able to stop the placed Hashrate Order at any time until its complete fulfillment. Please note that users using NiceHash EasyMining service purchase the Hashrate from Hashrate Providers who get paid for the provided Hashrate by shares based on the principle “pay-per-valid-share”. In case the order is stopped, the user of NiceHash EasyMining is not entitled to the remuneration for the shares already committed to the pool according to the placed order.
By purchasing the package and placing the Hashrate Order users participate in mining (commiting shares to the NiceHash Mining Pool) according to the selected package. In case the share committed by the user using NiceHash EasyMining validates an individual block on the Blockchain of the selected Digital Asset, the user shall be entitled to the Blockchain Reward as determined by each individual Blockchain, reduced by the applicable NiceHash service fee (NiceHash EasyMining Pool fee). In addition to that, the processing fee for Hashrate Order applies. Please refer to the NiceHash Platform Website for more information about the fees that are applicable at the time of provision of services. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason. The changed fees will apply only for the NiceHash Services provided after the change of the fees. All orders submitted prior the fee change but not necessarily completed prior the fee change will be charged according to the fees applicable at the time of the submission of the order.
PLEASE NOTE THAT MINING DIGITAL ASSETS IN GENERAL IS A HIGHLY COMPETITIVE ACTIVITY IN WHICH MINERS COMPETE AGAINST EACH OTHER TO VALIDATE A BLOCK ON THE BLOCKCHAIN. NICEHASH DOES NOT AND CANNOT GUARANTEE THAT YOU WILL VALIDATE A BLOCK AND EARN THE REWARD WITH THE PURCHASED PACKAGE. EASYMINING IS A HIGHLY SPECULATIVE ACTIVITY AND SHOULD BE EXERCISED WITH GREAT CAUTION WITH ADEQUATE TECHNICAL RESOURCES AND KNOWLEDGE.
If one of the purchased shares validates a block through the NiceHash EasyMining Pool, the user who committed that particular share is entitled to the Blockchain Reward. Please note that Blockchain Rewards are determined by each Blockchain and are outside of NiceHash’s control. Before any reward can be claimed and Digital Assets transferred, the Blockchain needs to confirm the Coinbase transaction according to the Blockchain protocol (block maturation time), which is also out of NiceHash’s control. Block maturation time is part of the Blockchain protocol and prevents a double spend scenario because there is a chance that the block will get “orphaned” (or “stale”). The user may not be eligible to the reward should such a scenario occur.
NICEHASH TEAMMINING
NiceHash TeamMining is a service available for Account holders that allows them to purchase Hashrate jointly with other users in order to enhance the probability to find a block through mining operations on the NiceHash EasyMining Pool. General provisions for Hashrate Buying service under this Terms of Service also apply for the NiceHash TeamMining service unless otherwise expressly stated in this section.
Users may access the product via NiceHash Website, NiceHash Mobile App or through the NiceHash API. NiceHash provides users with packages indicating information about the availability, the mining algorithm for a specific Digital Asset, maximum number of possible Package Shares in a certain package and current number of Package Shares within the selected package, along with the value of the Package Shares expressed in BTC and the probability of jointly validating a single block, mining speed, estimation of global speed for the specific algorithm, mining duration and the amount of the Blockchain rewards for the selected algorithm.
Probability is calculated considering the amount of so far committed Package Shares.
Multiple users may jointly place a Hashrate Order through the NiceHash TeamMining service by joining an opened NiceHash TeamMining Package (mining lobby) up until the maximum value of Package Shares has been reached (the indicated maximum amount of the Hashrate Order has been reached) and/or until the indicated time on the NiceHash TeamMining Package/mining lobby has elapsed, depending on the selected package and algorithm.
In order to join, the user is required to purchase at least one Package Share (commit at least the amount of 0.0001 BTC) of the total available Package Shares of the selected TeamMining Package. Each share is the minimum nominal contribution of the individual user to the joint Hashrate Order, expressed in BTC. Users may choose to buy at least one Package Share and up to the total number of Package Shares available in the selected TeamMining Package in order to participate.
Users may buy NiceHash TeamMining Package Shares only using Bitcoin and have to have sufficient funds on their NiceHash Wallet before the purchase. NiceHash may enable payments from third party wallets in the future. Upon selecting the desired number of Package Shares of the selected NiceHash TeamMining Package the user shall be provided with information about the probability of validating a single block with the selected NiceHash TeamMining Package, number of purchased Package Shares within the selected NiceHash TeamMining Package, and the total amount in BTC to be paid, mining duration, estimation of global speed on the selected algorithm and the current mining speed. Please note that the information provided, may change as more users join the lobby or some users leave the lobby up until the lobby closes and the Hashrate Order is placed on the Hashrate Marketplace. Users may check the current calculation at any time.
Once Package Shares of the selected NiceHash TeamMining Package have been successfully purchased, the user will return to the lobby. The joint Hashrate Order will be placed as soon as one of the indicated criteria is met:1., all the available shares of the selected package are sold and/or 2., the indicated time to join the selected NiceHash TeamMining Package has elapsed.
Users who purchased shares from the NiceHash wallet may cancel their Package Shares up until the joint Hashrate Order has been placed, ie. one of the above mentioned criteria has been met. Please note that users of NiceHash TeamMining service purchase the Hashrate from Hashrate Providers on the Hashrate Marketplace, who get paid for the provided Hashrate by shares, based on the principle “pay-per-valid-share”.
Once the NiceHash Hashrate Order is placed, NiceHash provides the user with the information about the exact start of the Hashrate Order, its lifetime, approximate remaining time, the price of the Hashrate and the amount of committed Hashrate on the Hashrate Order. NiceHash may provide also further information at its discretion.
The jointly purchased Hashrate is directed to the NiceHash EasyMining Pool according to the selected TeamMining Package.
By participating in the NiceHash TeamMining Package and placing the Hashrate Order, users jointly participate in mining (commiting shares to the NiceHash Mining Pool) according to the selected package. In case the shares committed to the pool by the group of users of a individual NiceHash TeamMining Package validates an individual block on the Blockchain of the selected Digital Asset, the participating users of that specific NiceHash TeamMining Package shall be entitled to the Blockchain Reward as determined by each individual Blockchain, reduced by the applicable NiceHash service fee (NiceHash EasyMining Pool fee). In addition to that, the processing fee for Hashrate Order applies. Each individual user/participant of the NiceHash TeamMining Package that finds a block, shall be entitled to the blockchain reward (after the fees are deducted) proportional to their contribution to the total amount of the Hashrate Order placed through the Nicehash TeamMining Package they participated in (proportional to the number of their shares in the specific NiceHash TeamMining Package as to the total number of Shares that were committed by all users participating in this specific NiceHash TeamMining Package).
Please refer to the NiceHash Platform Website for more information about the fees which are applicable at the time of provision of services. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason. The changed fees will apply only for the NiceHash Services provided after the change of the fees. All orders submitted prior the fee change but not necessarily completed prior the fee change will be charged according to the fees applicable at the time of the submission of the order.
PLEASE NOTE THAT MINING DIGITAL ASSETS IN GENERAL IS A HIGHLY COMPETITIVE ACTIVITY IN WHICH MINERS COMPETE AGAINST EACH OTHER TO VALIDATE A BLOCK ON THE BLOCKCHAIN. NICEHASH DOES NOT AND CANNOT GUARANTEE THAT YOU WILL VALIDATE A BLOCK AND EARN THE REWARD BY JOINING THE PURCHASE OF A PACKAGE. TEAMMINING IS A HIGHLY SPECULATIVE ACTIVITY AND SHOULD BE EXERCISED WITH GREAT CAUTION WITH ADEQUATE TECHNICAL RESOURCES AND KNOWLEDGE.
If one of the jointly purchased shares finds a block through the NiceHash EasyMining Pool, the users who participated in the package that committed that particular share are entitled to the appropriate part of the Blockchain Reward. Please note that Blockchain Rewards are determined by each Blockchain and are outside of NiceHash’s control. Before any reward can be claimed and Digital Assets transferred, the Blockchain needs to confirm the Coinbase transaction according to the Blockchain protocol (block maturation time) which is also out of NiceHash’s control. Block maturation time is part of the Blockchain protocol and prevents a double spend scenario, because there is a chance that the block will get “orphaned” (or “stale”). The users may not be eligible to claim the reward should such a scenario occur.
CUSTOM API EASYMINING
Custom API EasyMining is a service available for enterprise users specifically selected by NiceHash, which are granted with an option to create custom EasyMining packages. It enables them to purchase hashrate through the NiceHash Platform and using the NiceHash solo pool, all through API.
MASSBUY
Massbuy is a special order that enables consecutive purchases of EasyMining and/or Teammining Package Shares, all according to the modalities, provided on NiceHash Platform. General provisions for Hashrate buying order, NiceHash EasyMining and NiceHash TeamMining under this Terms also apply for the MassBuy unless otherwise expressly stated in this section.
You may choose the number of NiceHash TeamMining Packages and the number of Package Shares in this NiceHash TeamMining Packages you wish to purchase in the future.
NiceHash will lock the amount of your funds that equals the overall amount of your purchases and keep them locked until all orders are fulfilled or you cancel the remaining packages.
PLEASE NOTE THAT THE AMOUNT OF HASHRATE YOU WILL BE PROVIDED WITH FOR YOUR ORDERS DEPENDS ON THE MARKET CONDITIONS AND WILL WARRY.
YOU MAY CANCEL YOUR REMAINING ORDERS AT ANY TIME, PLEASE FURTHER NOTE THERE ARE NO RETURNS ON THE ALREADY EXECUTED ORDERS.
NICEHASH PRIVATE ENDPOINT
NiceHash Private Endpoint is a network interface that connects users privately and securely to NiceHash Stratum servers. Private Endpoint uses a private IP address and avoids additional latency caused by DDOS protection. All NiceHash Private Mining Proxy servers are managed by NiceHash and kept up-to-date.
Account holders can request a dedicated private access endpoint by filling in the form for NiceHash Private Endpoint Solution available on NiceHash Platform. In the form the Account holder specifies the email address, country, number of connections and locations and algorithms used. Based on the request NiceHash prepares an individualized offer based on the pricing stipulated on the NiceHash Platform, available at https://www.nicehash.com/private-endpoint-solution.
NiceHash may request additional information from the Account holder of the Private Endpoint Solution in order to determine whether NiceHash is obligated to collect VAT from you, including your VAT identification number.
LIGHTNING NETWORK
Lightning Network uses micropayment channels to scale the Blockchain’s capability to conduct transactions more efficiently. Transactions between participants inside the contract are made off the Blockchain. Only the first deposit to contract (creating the contract) and the last withdrawal (closing the contract) is seen on the Blockchain.
A Lightning Network node is a software that connects to the Lightning Network. The entire network is made from these nodes interacting with each other and the network strength is based on the number of nodes in the network.
Using the NiceHash Lightning Network node users can send and receive Bitcoin from the other nodes. Please refer to NiceHash Platform for more information on the maximum channel size allowed and Lightning Network transaction limits.
NiceHash shall not be held responsible and does not accept liability for the Lightning Network. Please note that NiceHash only manages the NiceHash Lightning Network node and has no influence on the overall network and other nodes out of its control. You understand that NiceHash has no influence over the Lightning Network transaction speeds and network fees which might be applicable depending on the transaction routage.
You acknowledge that the use of the Lightning Network in general may be connected to risk of network failure and loss of funds, which is completely out of NiceHash’s control and responsibility. Lightning Network transactions might be delayed, rejected or may fail. NiceHash will not be held responsible for any of the above mentioned events and the consequences thereof. You expressly acknowledge and waive any claims against NiceHash or any of its partners or affiliates of direct or indirect loss in connection with the usage of the Lightning Network. The Lightning Network technology is an evolving endeavor and should be used with great caution with adequate knowledge.
INTELLECTUAL PROPERTY
NiceHash 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 NiceHash Platform or provided in connection with NiceHash Services, including, without limitation, the NiceHash 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, namely trademark. 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.
NiceHash hereby grants you a limited, non-exclusive and non-sublicensable license to access and use NiceHash’s copyrighted work and other intellectual property 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 property other than for their intended purposes. This granted license will automatically terminate if NiceHash suspends or terminates your access to NiceHash Platform, NiceHash Services, NiceHash Wallet or closes your NiceHash Account.
NiceHash 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, NiceHash Platform, NiceHash Services or NiceHas Wallet or related products that you provide, whether by email, posting through NiceHash Platform, NiceHash 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 will be retained by NiceHash. NiceHash will be entitled to the unrestricted use, sale, transfer, modification or dissemination of such feedback for any purpose, commercial or otherwise, without acknowledgement or compensation to you. You waive any rights you may have to the feedback. NiceHash have the right to remove any posting you make on NiceHash Platform if, in NiceHash opinion, your post does not comply with the content standards defined by these Terms.
PRIVACY POLICY
Please refer to NiceHash Platform and NiceHash Services Privacy Policy published on NiceHash Platform for information about how NiceHash or its affiliate of Third party providers collect, use and share your information, as well as what options do you have with regards to your personal information.
COMMUNICATION AND SUPPORT
You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures that NiceHash provides in connection with your NiceHash Account or use of NiceHash Platform, NiceHash Services and NiceHash Wallet. You agree that NiceHash may provide these communications to you by posting them via the NiceHash 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 NiceHash Account so that NiceHash can communicate with you electronically. You understand and agree that if NiceHash 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 NiceHash Account preferences at any time by logging into your NiceHash Account. If your email address becomes invalid such that electronic communications sent to you by NiceHash are returned, NiceHash may deem your account to be inactive and close it.
You may give NiceHash a notice under these Terms by sending an email to support@nicehash.com or contact NiceHash through support located on NiceHash Platform. All communication and notices pursuant to these Terms must be given in English language.
FEES
Please refer to NiceHash Platform for more information about the fees or administrative costs which are applicable at the time of provision of NiceHash Services. NiceHash reserves the right to change these fees according to the provisions to change these Terms at any time for any reason. The changed fees will apply only for the NiceHash Services provided after the change of the fees.
NiceHash will inform the Account Holder of the withheld fees at least on a monthly basis.
You authorize NiceHash, or its designated payment processor, to charge or deduct your NiceHash Account for any applicable fees in connection with NiceHash Platform, NiceHash Services or NiceHash Wallet .
TAX
It is your responsibility to determine what, if any, taxes apply to the transactions you complete or services you provide via NiceHash Platform, NiceHash Services and NiceHash 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 NiceHash 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 NiceHash 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. To be noted that the sale or purchase of hashrate may be subject to VAT, which is the exclusive liability and responsibility of the Hashrate provider, respectively of the Hashrate buyer to the exclusion of NiceHash. This being said, NiceHash will provide the Hashrate provider and Hashrate buyer with the necessary information to allow them to comply with their VAT liability, if any.
With respect to fees and charges due to NiceHash, all fees and charges payable by you to NiceHash are exclusive of any taxes, and shall certain taxes be applicable, they shall be added on top of the payable amounts, in particular, to ensure that the net amount received by NiceHash, after any deduction and withholding, equals the amount NiceHash would have received if no deduction or withholding had been required. Upon NiceHash’s request, you will provide to NiceHash any information that NiceHash reasonably request to determine whether NiceHash is obligated to collect VAT from you, including your VAT identification number. To be noted that not all withheld fees are subject to VAT. Shall VAT be due by the Account holder for the services provided by NiceHash, it will be collected by NiceHash and paid to the relevant taxing authority. The corresponding VAT will be shown in the fee statement issued by NiceHash to the Account holder.
FINAL PROVISIONS
Natural persons and legal entities that are not capable of holding legal rights and obligations are not allowed to create NiceHash Account and use NiceHash Platform, NiceHash Services, NiceHash Wallet or other related services. If NiceHash becomes aware that such natural person or legal entity has created the NiceHash Account or has used NiceHash Services, NiceHash will delete such NiceHash Account and disable any NiceHash Services and block access to NiceHash Account and NiceHash Services to such natural person or legal entity.
If you register to use the NiceHash Services on behalf of a legal entity, you represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (ii) you are duly authorized by such legal entity to act on its behalf.
These Terms do not create any third-party beneficiary rights in any individual or entity.
These Terms forms the entire agreement and understanding relating to the subject matter hereof and supersede any previous and contemporaneous agreements, arrangements or understandings relating to the subject matter hereof to the exclusion of any terms implied by law that may be excluded by contract.
If at any time any provision of these Terms is or becomes illegal, invalid or unenforceable, the legality, validity and enforceability of every other provisions will not in any way be impaired. Such illegal, invalid or unenforceable provision of these Terms shall be deemed to be modified and replaced by such legal, valid and enforceable provision or arrangement, which corresponds as closely as possible to NiceHash’s and your will and business purpose pursued and reflected in these Terms.
Headings of sections are for convenience only and shall not be used to limit or construe such sections.
No failure to enforce nor delay in enforcing, on NiceHash’s side to the Terms, any right or legal remedy shall function as a waiver thereof, nor shall any individual or partial exercise of any right or legal remedy prevent any further or other enforcement of these rights or legal remedies or the enforcement of any other rights or legal remedies.
NiceHash reserves the right to make changes, amendments, supplementations or modifications from time to time to these Terms including but not limited to changes of licence agreement for NiceHash Mining Software and of any fees and compensations policies, in its sole discretion and for any reason. NiceHash suggests that you review these Terms periodically for changes. If NiceHash makes changes to these Terms, NiceHash will provide you with notice of such changes, such as by sending an email, providing notice on NiceHash Platform, placing a popup window after login to the NiceHash Account or by posting the amended Terms on the NiceHash Platform and updating the date at the top of these Terms. The amended Terms will be deemed effective immediately upon posting for any newAccount holders. In all other cases, the amended Terms will become effective for preexisting users upon the earlier of either: (i) the date users click or press a button to accept such changes in their NiceHash Account, or (ii) continued use of NiceHash Services after NiceHash provides notice of such changes. Any amended Terms will apply prospectively to use of the NiceHash Services after such changes become effective.
The notice of change of these Terms is considered as notice of termination of all rights and obligations between you and NiceHash derived from these Terms with notice period of 30 days, if you do not accept the amended Terms. If you do not agree to any amended Terms, (i) the agreement between you and NiceHash is terminated by expiry of 30 days period which starts after NiceHash provides you a notice of change of these Terms, (ii) you must discontinue using NiceHash Services and (iii) you must inform NiceHash regarding your disagreement with the changes and request closure of your NiceHash Account. If you do not inform NiceHash regarding your disagreement and do not request closure of you NiceHash Account, NiceHash will deem that you agree with the changed Terms. You may not assign or transfer your rights or obligations under these Terms without the prior written consent of NiceHash. NiceHash may assign or transfer any or all of its rights under these Terms, in whole or in part, without obtaining your consent or approval.
These Terms shall be governed by and construed and enforced in accordance with the Laws of Switzerland. Any transaction, dispute, controversy, claim or action arising from or related to your access or use of the NiceHash Platform or these Terms likewise shall be governed by the Laws of the Switzerland, exclusive of choice-of-law principles.
The place of performance and debt collection for Account holders domiciled abroad as well as the exclusive place of jurisdiction is the City of Zug, Switzerland, subject to an appeal to the Swiss Supreme Court.
The rights and remedies conferred on NiceHash by, or pursuant to, these Terms are cumulative and are in addition, and without prejudice, to all other rights and remedies otherwise available to NiceHash at law.
These Terms are not boilerplate. If you disagree with any of them, believe that any should not apply to you, or wish to negotiate these Terms, please contact NiceHash and immediately navigate away from the NiceHash Platform. Do not use the NiceHash Services, NiceHash Wallet or other related services until you and NiceHash have agreed upon new terms of service.
Last updated: September 24, 2025