LuckyHash

A digital asset platform for renting mining power

LuckyHash runs an online digital asset management platform, and its user service agreement sets out what it sells. The services named are hashrate leasing, equipment trusteeship and profits exchange, with the platform reserving the right to add further service products later. Hashrate leasing means renting computing power for cryptocurrency mining, and the term of each service depends on the product details shown at the time a user buys it.

How a user joins

A person becomes a registered user simply by buying and using the services, and must have the full civil capacity to take on the responsibilities involved. Users agree to receive information from the platform by email, mobile phone, post or instant messenger, and must supply lawful, truthful and complete details and update them whenever they change. The platform can end a user's access if the information turns out to be false.

What the cost covers

The price of a product is charged in the proportion agreed at purchase and can be collected by payment, by deduction from profits or by deduction from the balance. According to the agreement, it is made up of site maintenance, equipment deployment, equipment maintenance and manpower, among other items.

Orders and the profit algorithm

After a purchase the platform generates a hashrate leasing order, and the user can log in to view the order and the detailed data of the product bought. The agreement says that profits from leased hashrate are affected by things the platform does not control, such as the network-wide hashrate and electricity and personnel costs. For that reason the platform updates the profit hashrate from time to time, treats the way it does so as its own intellectual property, and does not disclose it to users. A user who keeps using the service is deemed to accept the latest rules; one who disagrees with an updated order must negotiate with the platform, and if no agreement is reached the contract ends automatically.

Ending the service

When a purchased service ends, the user's rights under it cease at once, apart from the platform paying out any unsettled profits. The platform can stop providing hashrate leasing to a user whose activity is illegal or disruptive to the market, such as money laundering or terrorist activity, and it can adjust the scope, functions and fees of its services within the law, as long as it notifies users on its sites. Users with questions can ask through the platform's official customer service channel.

LuckyHash is a digital asset management platform that sells crypto mining services online. Its user agreement sets out the rights and duties of the platform and of each registered user, who must have full civil capacity. Buying and using the services counts as registration, and the terms can be amended, with the newest version replacing the old one.

Products and services

• Hashrate leasing: users rent computing power for mining.
• Future services: the agreement allows further service products to be added later.
• Equipment trusteeship: the platform hosts and looks after mining equipment for users.
• Profits exchange: A service for converting mining profits.

Key facts

• Fees: Service costs cover site upkeep, equipment deployment and maintenance, and staff, and are taken at purchase or from profits or balance.
• Agreement: Users must supply accurate details and keep them up to date.