RHY Chia&MASS Cloud Computing Service Agreement

 

《RHY Chia&MASS cloud computing powerService Agreement》 ("this agreement") isRHYMinerrentalPlatform ("RHY" Or "we" or "company") and use the services provided byRHY And/orRHY’s official website[ www.rhy.com]("RHYWebsite") an agreement between users ("users" or "you"). This agreement describes RHY and the related rights and responsibilities of users. You useRHYprovided services and /Orrhy.com website, which means that you agree to the provisions of this agreement All terms. If you do not agree, please do not use the RHY provided Services andrhy.com website.

 

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一、Cloud computing power packages and fees

1.1 Cloud computing power package includes computing power, electricity, management fees, etc. The computing power fee refers to the calculation of the computing power lease fee based on the mining machine market conditions and the length of the lease period to calculate the computing power lease fee based on the computing power value. Change, there are differences in order fees at different times; electricity fee refers to the electricity usage fee that needs to be prepaid according to the actual power consumption of a certain unit of computing power during the lease period. The fee is subject to the order generation, if it is due to national policies and other reasons If the price of electricity charges is adjusted, the paid fees will not be affected, and the unpaid fees may be adjusted due to the influence of the policy; the management fee refers to the related costs of the RHY platform or data center for the maintenance of the entrusted mining machine equipment, including the mining machine The expenses for loading and unloading, mine machine operation and maintenance, mining machine maintenance, power line loss, etc., are deducted from the user's daily income.

1.2 Your leased computing power parameters (computing power value: ______, quantity: _____, lease term: ______, lease fee: ______,Management fee：______、Access to the mining pool：______、Revenue model：________）, Subject to when the order is generated, the order number：________.

1.3 The amount of the fee payment is based on the amount at the time the order is generated on the rhy.net website. Due to the large fluctuations in the digital asset market, the mining machine market fluctuates greatly. Please confirm carefully. You can apply for unsubscription within 12 hours after the order is completed. A penalty of 10% of the order amount must be paid. If more than 12 hours, no refund Order.

1.4 The method of payment and collection of fees shall be based on the method provided on the order page of the rhy.net website (including the collection method entrusted by RHY).After the user has paid the full amount displayed on the order page, the order will take effect. (You are fully responsible for the accuracy of the payment, including but not limited to: the destination address account (digital asset wallet address) is wrong, the amount is wrong, and other payment details, so the loss incurred is borne by the user).The monthly cycle is calculated on 30 days. You should pay the usage fee of next month in 3 working days before the end of the usage fee validity period.If the lease period is less than 30 days, the usage fee shall be paid in advance according to the actual number of days.If you do not pay the usage fee on time, the order will be frozen. If the freezing period exceeds 5 days, the contract will be terminated and the paid fees will not be refunded

1.5 The method of generating power income: mining income is automatically transferred to the user's CCcoin wallet balance in T+1 mode. Twenty days are needed to accumulate and store full data, which equals computing power. Before the data is full, the daily income will be settled according to the income obtained from the actual amount of data stored. When the data storage is full, the daily income will be distributed at 88% of the total storage data (Note: the effective data storage of the hard disk is 88%).

1.6You understand and agree: As the computing power of the entire network will change, the difficulty of mining will change accordingly, and the mining revenue will also change. For specific daily income data, please refer to the real-time data of Hpool.co. When your computing power output reaches the minimum withdrawal limit, you can apply for withdrawal, and we will pay to the digital asset wallet address you provided within the specified time.

1.7 Mining machine property rights：When the Chia&MASS storage computing power reaches 336T and the lease period reaches 1080 days in total, corresponding computing power but not the mining machine of the corresponding model will be given; lease of computing power which is less than 1080 days is not qualified for property rights. The property rights of the mining machine are applied for within 30 days after the expiration of the lease, and those who do not apply shall be deemed to have given up the property rights. Mining machines that apply for pick-up will be shipped from mines around the world after the lease term expires, and the international/domestic logistics fees will be borne by the user. (Statement: The warranty period of the physical mining machine is 360 days, and the warranty has expired when it is off the shelf.)

1.8 During the lease period, when the average consecutive 15-day average of the management fees collected cannot cover the stand usage fee and the labour cost of operation and maintenance, the RHY platform can choose to suspend operation, and your lease period will be extended accordingly. When the average consecutive 30-day average of the management fees collected cannot cover the stand usage fee and the labour cost of operation and maintenance, two parties agree to stop the machine operation, and the lease is terminated.

1.9 When the official adjusts the algorithm or settlement method, which resulting in a decline in income or no income, the RHY platform will distribute the actual income based on the actual income and does not assume any income compensation responsibility.

1.10 When the storage mining machine fails to operate normally for more than 12 hours due to the failure of the computer room or equipment, there will be no income on the day, and the lease period will be extended accordingly.

 

二、User registration

 

2.1 The user hereby makes the following statements and guarantees to the company, and these statements and guarantees will be deemed to be re-made each time the user uses RHY services：

（1）If the user is a natural person, the user has reached the age of 18 and has full capacity for civil conduct;

（2）If the user is an entity, the user is legally established and effectively exists in accordance with the laws and regulations of the jurisdiction where the entity is located, and has a good reputation;

（3）The user accepts and uses the services provided by RHY in compliance with applicable laws, regulations and related policies in the user's country/region, and does not violate the user's obligations to any other third parties;

（4）The user has the right to use the services provided by RHY and perform related obligations, and this agreement and related service purchase orders are valid and binding on the user.

2.2 Regarding the registration data and information provided by you ("Registration Information"), you agree to:

（1）Provide legal, true, accurate and complete registration information;

（2）If there is any change in the registration information provided, you will promptly notify RHY. If the registration information you provide is illegal, untrue, inaccurate or incomplete, you shall bear all corresponding responsibilities and consequences;

（3）RHY reserves the right to impose certain restrictions on the account and/or suspend or terminate your use of RHY services based on the registration information you provide and RHY's compliance obligations and internal risk control policies;

（4）Unless the prior written consent of RHY is obtained, each user can only register one account with RHY;

（5）For compliance purposes such as KYC ("Know Your Customer") and/or anti-money laundering, RHY has the right to request you to provide the account owner's identification information and/or financial information;

（6）You need to enter your username and password when using some specific functions in the services provided by RHY. If you are unable to access your account due to forgotten password and other reasons, RHY has the right to ask you to provide specific information including identification information to determine the true ownership of the account, including but not limited to: identification; proof of residence; phone number /Email proof and any identifiable activity information on the website, such as transaction ID, order number, withdrawal amount, etc. You promise that you will not share your username and/or password with others or allow any other third parties to use your account. RHY does not assume any responsibility for the improper use of your account or password by you or any other third party and the consequences and losses caused. If you believe that your username and/or password are known by others or your account has been used without authorization, you should notify RHY immediately.

 

3、Restrictions and obligations

 

3.1 You must not use the services provided by RHY to engage in any illegal activities. You must not use the services provided by RHY:

（1）Support, incite or participate in any terrorist activity;

（2）Participate in any money laundering activities;

（3）Fabricate or distort facts, spread rumors, disturb social order; 

（4）Promote or produce pornographic, violent and/or terrorist content; 

（5）Participate in any other activities that violate applicable laws and regulations.

3.2 You agree to abide by all applicable laws and regulations, this agreement and the use of RHY announced from time to timerhy.comWebsite andAll rules and policies related to the services provided by RHY.

3.3 You agree that you shall fully assume the relevant tax obligations arising from the use of the services provided by RHY.

3.4 You agree and promise that you are only using the services provided by RHY for your own benefit, and you have not used the services provided by RHY on behalf of others or for the benefit of other third parties.

3.5 You agree to contact RHY immediately when you discover or suspect any fraud or misconduct in the service provided by RHY by any third party.

3.6 Unless RHY expressly agrees in writing in advance, you may notrhy.comRegister multiple accounts on the site. You may not register multiple accounts to earn profits, rewards or coupons.

3.7 You should not participate in any services that may affect RHY and/orrhy.comSite security activities.

3.8 You must not use any method to block your Internet traffic and IP address (such as Proxy, Tor, VPN, etc.) or use other technical services that hide the user's real Internet connection.

3.9 The intellectual property rights of any content displayed on the RHY website, including but not limited to articles, pictures, news, materials, website structure, website layout, website design, unless otherwise specified, are completely owned by RHY or RHY’s licensors (if any) have. Users should respect the intellectual property rights of RHY and RHY's licensors (if any).

3.10 Without the prior written authorization of RHY, the user shall not conduct any activities and use in the name of RHYrhy.comSite Information/data。

3.11  You hereby promise and guarantee that you useThe services provided by RHY will not negatively affect RHY's reputation or make RHY bear legal liabilities or other penalties, fines and sanctions.

3.12 currently usingBefore RHY provides services, please confirm that your use of RHY services is legal in your country/region. All legal risks and responsibilities caused by the illegal use of the services provided by RHY in your country/region will be solely borne by you.

3.13  If the user violates this section3The provisions of the article,RHY has the right to immediately suspend or terminate the provision of services to users, and has the right to take all necessary legal means within the scope permitted by applicable laws and regulations.

 

4、Risk notice

 

4.1 You understand and recognize that: holding, trading, investing in digital currency and using digital currency-related services will involve risks.4.The risks listed in Article 1 are not exhaustive. These risks and other risks that may arise now or in the future may make you unable to obtain any benefits, suffer financial losses, and even cause the service provided by us to be terminated:

（1）The use of any digital currency or related products and services will bring potential financial, regulatory and other risks. Before using any digital currency or related products and services, you should confirm that you have sufficient knowledge and experience of blockchain technology, digital currency, and the functions and risks of smart contracts. Your decision to participate in any digital currency activity and/or use of related services should be based on independent investigations and/or consultations from professionals that you deem necessary. RHY defaults that you are a professional who understands the digital currency industry and understands the risks of digital currency-related products and services when using this service. This agreement and any services provided by RHY should not be regarded as RHY providing you with investment advice;

（2）Anything provided by RHYCloud computing powerService package (The value of "service packages") and any amount of any digital currency may be affected by many factors not controlled by RHY, including but not limited to: mining difficulty and/or changes in other mining parameters/attributes, The market price of digital currency fluctuates, hardware (for example: mining equipment) is out of date and hardware amortization, etc.;

（3）Due to the nature of digital currency, the value of any digital currency may lose part or all of its value at any time. You are here to confirm that the value of any digital currency may drop rapidly (or even drop to zero). RHY does not assume any responsibility for any and all losses caused by market price fluctuations of any digital currency;

（4）RHY will maintain or upgrade the system from time to time. You confirm that you do not expect the service provided by RHY to be continuous and uninterrupted. Unless otherwise expressly agreed by both parties, RHY shall not be liable for any and all losses caused by suspension and interruption caused by the maintenance and upgrade of its system;

（5）There is no identity verification or computer security technology that is 100% secure. You agree to bear all risks related to hacking or identity theft;

（6）You understand and agree that RHY reserves the right to publish, modify and/or provide service-related information through websites, emails, customer service calls, SMS and other official channels. RHY is not responsible for information obtained through non-RHY official channels. If you have any questions about the authenticity of the information sent in the name of RHY, please contact us immediately.

 

5、Liability for breach of contract 

 

5.1、Both parties shall perform their rights and obligations strictly in accordance with this contract. In case of violation of this contract, the breaching party shall compensate the observant party for all losses caused thereby.

5.2、The company does not assume any responsibility for power outages, damage to mines and mining machines caused by force majeure such as natural disasters (floods, mudslides, earthquakes, hurricanes, etc.), policy impacts (national release documents, etc.), wars, political turmoil, etc. If force majeure occurs and cannot be resolved for more than 7 days, this contract will automatically terminate, the two parties will not be held accountable to each other, the fees you have paid are non-refundable, and there is no need to continue paying for unpaid fees.

 

6、Other agreements

 

6.1  RHYThe content of the contract text will be updated from time to time. Please be sure to read it carefully. When the content of the contract is updated, the new order will be executed in accordance with the new contract content.

6.2 Abstention: The company's delay in exercising or negligence in exercising any rights or remedies of the user under this agreement shall not be interpreted as the company's exemption or acquiescence of any such breach.

6.3 Severability: If any clause of this agreement is found to be illegal or unenforceable, the determination shall not affect the remaining clauses of this agreement.

6.4 Applicable law: this agreementApplicable to the laws of the People's Republic of China。

6.5 Dispute resolution: if the parties have any disputes during the performance of this agreement, If negotiation fails, either party has the right to submitShenzhenInternational arbitrationCourt drawarbitration。The arbitration award is final and binding on both parties.