TERMS OF SERVICE
PLEASE READ THESE TERMS OF SERVICE (“Terms”) CAREFULLY BEFORE USING THE SERVICES AND SOFTWARE DESCRIBED HEREIN. BY SELECTING “I AGREE”, USING OUR SERVICES OR MINING 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..
1. ABOUT THE SERVICE, THE WEBSITE AND THESE TERMS OF SERVICE
1.1. This is an agreement (referred to as "Terms") between Large Minings Corp Ltd (also referred to in these Terms
as "Large Minings", "we", "us" or "our") and you (also referred to in these Terms as "Customer", "you", "your"),
the person accessing and using the Large Minings cloud mining service and accepting these Terms.
1.2. In these Terms:
1.2.1. a reference to "Cryptocurrency", "Cryptocurrencies" is a reference to the distributed, decentralized
peer-to-peer digital currencies:
188.8.131.52. "Bitcoins" is a reference to a Cryptocurrency known as Bitcoin;
1.2.2. "Miners" are individuals who register to mine Bitcoins and/or Altcoins with a Cloud Machine. If you
successfully apply to administer a Cloud Machine, you will be a Miner;
1.2.3. a "Mining Pool" is an organized association of Cryptocurrencies miners. The members of these
associations work together to mine Cryptocurrencies and those Cryptocurrencies are distributed amongst the
membership based on the contribution made to the mining by each member;
1.2.4. the "Mining Hardware" is the computer hardware owned by Large Minings that is used to provide the Service
and to mine Cryptocurrencies;
1.2.5. "Hashrate" or "Hash rate" is the mining power of the Mining Hardware used to mine Cryptocurrencies.
Hashrate is mining algorithm specific (SHA-256, Scrypt, X11 etc);
1.2.6. "Cloud Machine" is the processing power of the Service purchased by a Miner and administered by a
Miner using the Website;
1.2.7. "Service" is Large Minings's cloud hosted mining service, which enables individuals to remotely mine
Cryptocurrencies for themselves using our Mining Hardware and the Website;
1.2.8. the "Support" or "Customer Support" or "Helpdesk" is the technical support service of Large Minings that is
provided via email/ticket system, available in the Large Minings knowledge base/FAQ at https://faq.Large Minings.co where
Customers can find answers to general questions and request assistance by submitting a request;
1.2.9. the "Panel" is the graphical user interface of the Service, with which the Miner interacts to perform
all actions related to the Service;
1.2.10. the "Website" is Large Minings.co and any apps, software, emails or other websites which we use to provide
the services of Large Minings.co (which includes the Service);
1.2.11. a "Payout" is the periodic deposit to your Balance, dependent on your Cloud Machine. Large Minings may
change the periodicity of Payouts at any time, to a maximum of once per 24 hours;
1.2.12. "Fees" are maintenance and electricity fees, charged daily from the Balance;
1.2.13. "Account" is your personal access to the Service, described further in section 6;
1.2.14. "Balance" is your personal Account balance;
1.2.15. a "Contract" is the access to a Cloud Machine of specific Hash rate;
1.2.16. a "Contract Term" is the period of time for which a Miner has agreed to pay to administer a Cloud
Machine, by default, Large Minings provides 1 year Contracts, unless stated otherwise;
1.2.17. "Hold" is the state an Account can be placed in that prevents the said Account to make any
withdrawals, used as a security measure;
1.2.18. a "Pre-order" is a Contract with a start date in the future. Start date is estimated and is subject
1.2.19. the "Referral Program" or "Partner Program" is the functionality that allows a Customer to receive
financial rewards for Contracts purchased by other Customers;
1.2.20. a "Referral Code" is an alphanumerical sequence (at least 6 characters long) that is linked to a
1.2.21. a "Referral Link" is the URL with a Referral Code, that allows a new Customer to register with
1.2.22. a "Referral" is a Customer who registered by using another Customer's Referral Link;
1.2.23. a "Referrer" is a Customer who had another Customer register using their Referral Link;
1.2.24. a "Referral Purchase" or "Referred Purchase" is a purchase made by a Referral;
1.2.25. a "Referral Bonus" is the reward a Referrer receives for a Referral Purchase;
1.2.26. an "Affiliate Network" is a third-party website that allows any person (with or without a Large Minings
Account) to receive financial rewards for Large Minings Contracts purchased by referred Customers.
1.3. These Terms apply to any mining you undertake by using the Service and Website and they form a legal
agreement between you and Large Minings on the acceptance of you application for an Account (as set out below).
instructions, guidance and similar information found on the Website, these terms of service will take
1.5. IT IS NOT POSSIBLE FOR US TO STATE DEFINITIVELY HOW MANY BITCOINS, LITECOINS AND/OR ANY OTHER
CRYPTOCURRENCY UNITS WILL BE MINED BY ANY MINER AND/OR SPECIFIC CLOUD MACHINE.
1.6. By applying to register as a Miner you are confirming that you understand and accept (and are able to
understand and accept) these terms of service and that you agree that you will be bound by them. You should
regularly check the Website for changes to the terms of service, instructions, guidance and similar
information found on the Website.
1.7. You may only apply to register as a Miner if:
1.7.1. you are 18 years old or over; and
1.7.2. it is lawful for you to do so.
1.8. To register as a Miner, we may require you to provide us with identification or other documentation in
order to help us prevent fraud or money laundering. This may include photographic identification and a
recent proof of address. We may also undertake our own identity, fraud and credit checks.
1.9. It is forbidden for Miners to visit the Website or use the Service through anonymous proxies (such as
Tor) and other services or technologies that hide the real internet connection of the user.
2. RISK NOTICE
2.1. Actions with Cryptocurrencies carry inherent risks. Due to the fact that Cryptocurrencies are
unregulated and decentralized, their value is not insured by any legal entities. The value of any Contract,
any amount of any Cryptocurrency is subject to change by Large Minings due to a number of factors out of Large Minings’
control. These factors include but are not limited to changes of mining difficulty and/or other mining
parameters/properties, fluctuating price (in fiat currency to Cryptocurrency exchange rate, such as USD/BTC)
of Cryptocurrencies, obsolescence of hardware and amortization of hardware. You understand and agree that
the worth of any Contact and any amount of mined Cryptocurrency may lose all worth at any moment of time due
to the nature of Cryptocurrencies. You understand that you are solely responsible for management of the
Cryptocurrencies in your balance as well as any losses or charges incurred by any third-party entity.
2.2. Any information related to Cryptocurrency and Cryptocurrency mining that is/was posted, published
and/or provided by Large Minings via any channel of communication (including but not limited to: on the Website, in
the Panel, via the Support Service, via Email newsletter, in social media) is subject to change.
3.1. By applying to register, you are making an offer to enter an agreement on these terms of service. Once
submitted, you may not withdraw your offer.
3.2. Only we can decide whether applications will be accepted. If your application is accepted, a legal and
enforceable agreement will be entered between you and us. Subject to any statutory rights you may have, you
may not cancel the agreement covered by these terms of service and you will not be eligible for any refund.
4. ACCOUNT AND PERSONAL INFORMATION
4.1. To register you will need to submit some personal information, a valid email address (that will be used
for user identification) for your Website account ("Account"), a password ("Password").
4.2. Large Minings may request to provide PII (Personally Identifiable Information) and/or financial information of
the Account owner for KYC (Know Your Customer) and/or AML (Anti-Money Laundering) procedures. Large Minings
reserves the right to impose limitations on the Account dependent on the provided information.
4.3. You must ensure that all information about you that is held by us is true, complete, not misleading and
up to date.
4.4. The Username and Password will be allocated to you if you successfully apply for registration as a
4.5. You will need your Username and Password to access some parts of the Website. Your Username and
Password are personal to you and must not be disclosed to any other person.
4.6. The number of accounts is limited to 1 for each beneficiary.
4.7. When you register, you may submit an order to administer a Cloud Machine. This order will allow you to
specify the processing power of the Cloud Machine. Only Large Minings can decide whether orders will be successful
and acceptance is subject to availability, amongst other things.
4.8. Your order is a request to acquire a Contract from us and does not represent a formed contract. If we
accept your order, we will associate your Contract with your Account. Until then, an order is considered
pending and Large Minings reserves the right to decline your payment.
4.9. Confirmation of your order will be made by email, which will also contain an estimated commencement
date for the Contract. The confirmed commencement date of the Contract will be notified to you in a
subsequent email. We cannot say how long it will take to confirm the commencement date of the Contract.
4.10. Subject to the payment of any fees which may be applied, Miners will be able to receive
Cryptocurrencies on the basis of the processing power of the Cloud Machine and the period of time for which
the Cloud Machine is mining. Miners will only be able to administer the Cloud Machine during the Contract
Term. Those Cryptocurrencies will be transferred to your wallet upon your request, if such request is
4.11. If you lose access to your Account, Large Minings may ask you to provide certain types of data, including
Personally Identifiable Information, to determine ownership of the Account. This may include, but is not
limited to: proof of identity; proof of residence; proof of telephone number/email ownership and any
identifiable activity on the Website, such as transaction IDs, order numbers, withdrawal amounts and others.
5. BREACH, SUSPENSION AND TERMINATION
5.1. Without limiting any other rights we have, we may suspend or terminate access to your Account, the
Website and/or the Service, nullify your Account Balance and/or hold the ability to withdraw mined funds if
you breach any of these Terms of Service.
5.2. If we have grounds to suspect that you are using the Website or the Service fraudulently or
improperly, we will suspend your Account until you are able to demonstrate to our satisfaction:
5.2.1. your identity; and
5.2.2. that no fraud or impropriety has occurred or been attempted.
5.3. We will try to give you reasonable notice of any anticipated termination of the Website or the
5.4. If you become aware of or suspect another user or Miner's breach of these terms of service, or any
fraud or impropriety by another user, you must contact us immediately.
5.5. In case of any Credit Card purchase (refer to section 14.2.6.) Large Minings has the right to place the
Customer's Account on Hold (hold the ability to withdraw any mined funds from the Customer's Account
Balance) for a period of up to 30 days as a security measure of anti-fraud related regulations and policies.
5.6. We may deactivate your Account if all of the following criteria are met:
5.6.1. your Account has no active Contracts;
5.6.2. your Account has no Balance;
5.6.3. your Account has no Balance changes in the last 6 months; and
5.6.4. your Account has no logins in the last 6 months.
5.7. If you do not log into your Account for 12 months, we may terminate the Account. You will be, if
possible, notified in advance. If we are unable to contact you, or you do not take any action to prevent
account termination, your Balance will be nullified.
6. RESTRICTIONS AND OBLIGATIONS
6.1. You agree to comply with all applicable laws and regulations, these terms of service and all rules
applicable to the use of the Website and the Service.
6.2. You agree not to falsely describe or otherwise misrepresent yourself in any dealings with Large Minings.
6.3. You are not allowed to abuse any campaigns, discounts, referral bonuses and/or referral systems,
provided from time to time by Large Minings and/or its partners.
6.4. You are not allowed to use any means to mask your internet traffic and IP address (such as Proxy, Tor,
VPN and others).
6.5. Multi-Level Marketing (MLM) and/or High-Yield Investment Projects (HYIP) systems are forbidden from
providing any services to their users or partners based on Large Minings, including but not limited to Large Minings
Products and/or Services.
6.6. You are strictly forbidden to use or exploit errors in design of the Website, the Service and/or all
and any of their parts, features which have not been documented, and/or "program bugs" for
commercial/personal gain or as means to disrupt and/or destabilize the Service and/or the Website. If you
encounter such an error by accident, you are required to report your findings to Customer Support
7. USE OF YOUR ACCOUNT
7.1. You may only mine Cryptocurrencies for your own benefit. By using the Website and/or the Service you
confirm that you are not acting for the benefit of any other person or entity.
7.2. We are entitled to assume that any use of your Account is made by you. You are solely responsible and
liable for any use of the Website or the Service under your Account or any other use of your Username and
7.3. You may only hold one Account. If you forget your Username or Password, you can use the password
recovery option or contact Support.
7.4. DO NOT SHARE YOUR PASSWORD WITH ANY OTHER PERSON OR ALLOW ANY OTHER PERSON TO USE YOUR ACCOUNT. WE ARE
NOT LIABLE FOR ANY IMPROPER USE OF YOUR PASSWORD OR ACCOUNT BY YOU OR ANY OTHER PERSON. IF YOU HAVE REASONS
TO ASSUME THAT ANY OTHER PERSON KNOWS YOUR PASSWORD, OR THAT YOUR ACCOUNT HAS BEEN USED BY ANY OTHER PERSON,
YOU MUST INFORM US IMMEDIATELY.