Due to the harsh regulations on BTC mining around the world, the electricity cost for mining machines will be doubled. After our calculation, we found out that customers may lose money if the mining contract is still effective. In addition to that, the RBI (reserve bank of India) has banned BTC-related payments, which may bring more risks to your mining contract. Therefore, we recommend you liquidate your assets to avoid the potential money loss of your investment in BTC mining.
For the remaining days of the effective contract, we will refund you proportionally. To be more specific, if there are 10 days left, we will refund you (10/180)*the total amount you have paid for this contract.
Please be rest assured the BTC you have already mined will still be available for BTC and fiat withdrawal. We will offer you two options:
- BTC withdrawal
If you want to withdraw BTC, please apply your withdrawals before August 13th 12:00 pm (UTC+0). The BTC will be transferred to your address after the liquidation of the mining pool.
- Rupee withdrawal
If you choose to exchange your asset to rupee, please apply your withdrawal before October 10th 12:00 pm (UTC+0). Because of the new regulation of banks in India, BTC-related payments will take longer to process. It will take 10 working days to transfer the amount (rupee) to your bank account after your withdrawal application.
Please note that if the BTC is not withdrawn before August 13th 12:00 pm (UTC+0), the remaining BTC on the account will be automatically exchanged for rupee
If you have any problems, please contact the customer service team. We will try our best to solve your problems.