“LazyPickaxe” refers to the
cloud-based hashpower services provided by GK
Cloud Services – FZCO, enabling users to get access
computational power for cryptocurrency mining.
“User” refers to any individual
or entity that accesses or uses LazyPickaxe mining
services.
“Hashpower”
refers to the computational mining power used
to mine cryptocurrencies such as Bitcoin, Litecoin,
Ethereum-based coins, and other supported algorithms.
2. Hashpower Products (Mining)
LazyPickaxe provides on-demand hashpower
that allows users to participate in cryptocurrency
mining without owning hardware.
Users may purchase mining hashpower for
supported algorithms to generate mining
rewards, depending on network difficulty and
pool performance.
3. No Guarantee of Rewards or Profits
LazyPickaxe does not guarantee mining
rewards, profit generation, or financial
returns.
Cryptocurrency mining involves variables
such as market value, network difficulty,
block rewards, and pool performance—these
factors may reduce or eliminate rewards
entirely.
Purchasing hashpower does not entitle the
user to any fixed amount of cryptocurrency.
4. Refund Policy
All hashpower purchases are non-refundable .
If a service interruption or technical issue
is caused by LazyPickaxe, users may receive
compensation in the form of additional
mining time, equal to the downtime duration.
LazyPickaxe is not responsible for mining
pool errors, multi-coin switching issues, or
algorithm-specific limitations, and refunds
will not be issued for these scenarios.
5. Mining Pool Issues
LazyPickaxe is not liable for the
performance, reliability, or reward
distribution of third-party mining pools.
Users acknowledge that pool efficiency,
latency, and payout methods may vary and can
influence mining outcomes.
6. Multi-Coin Mining Issues
LazyPickaxe supports multi-coin mining;
however, rewards may vary significantly
depending on the coin’s network conditions.
No specific mining reward amounts are
guaranteed for any coin.
Users must ensure each coin switched by the
mining pool complies with LazyPickaxe’s
minimum difficulty requirements.
7. Switching Pool Issues
Pool switching is not supported.
Once a mining pool is selected during setup,
it cannot be changed within the current
configuration.
8. Multi-Algo Coin Issues
Mining multi-algorithm coins involves risks
such as fluctuating network difficulty and
reward unpredictability.
LazyPickaxe is not responsible for reward
variations across different algorithms or
coins.
9. Limitation of Liability
LazyPickaxe is not responsible for financial
losses, lost mining rewards, hardware
failures, software issues, or any indirect
damages related to mining activities.
Users agree to use LazyPickaxe services at
their own risk, acknowledging the
uncertainties associated with cryptocurrency
mining.
10. User Obligations
Users must ensure that cryptocurrency mining
is legal in their jurisdiction.
Users are responsible for securing their
wallets, login credentials, and
mining-related configurations.
Illegal activities—including fraud, money
laundering, or misuse of mining
resources—are strictly prohibited.
Users may be required to undergo AML/KYC/KYB
verification for large transactions, wallet
deposits, or suspicious activity.
11. Termination
LazyPickaxe reserves the right to suspend or
terminate any user account, without prior
notice, for violating these Terms or
engaging in prohibited activities.
12. Changes to Terms and Conditions
LazyPickaxe may update the Terms &
Conditions periodically.
Continued use of the platform after changes
signifies acceptance of the updated terms.
13. Governing Law
These Terms & Conditions are governed by the
laws of the United Arab Emirates (UAE).
Any disputes shall fall under the exclusive
jurisdiction of UAE courts.
14. Contact Information
For support, inquiries, or disputes, users
may contact LazyPickaxe Customer Support.
By using the platform, users acknowledge and
agree to all policies outlined in these
Terms & Conditions.
