"LazyPickaxe" refers to the hashpower products provided by our company (GK Cloud Services - FZCO).
"User" refers to any individual or entity using LazyPickaxe services.
"Hashpower" refers to the computational power used in cryptocurrency mining.
LazyPickaxe provides hashpower products that allow users to contribute hashpower for cryptocurrency mining.
Users can purchase hashpower to participate in mining activities.
LazyPickaxe does not guarantee any mining rewards or profits. The cryptocurrency mining process is inherently uncertain, and rewards are not guaranteed.
Users acknowledge that the value of mined cryptocurrency can fluctuate and that LazyPickaxe is not responsible for any losses incurred due to these fluctuations.
The purchase of hashpower does not entitle users to any specific amount of cryptocurrency or financial return.
LazyPickaxe does not offer refunds for purchased hashpower.
In the event of issues caused by LazyPickaxe, such as system downtime or technical problems, users may be compensated with extra mining time equivalent to the duration of the issue.
No refunds will be provided for issues related to mining pools, multi-coin mining, switching pools, or multi-algo coins.
LazyPickaxe is not responsible for any issues arising from the performance or reliability of external mining pools.
Users acknowledge that mining pool performance can vary and may impact mining rewards.
Multi-Coin Mining Issues
LazyPickaxe supports multi-coin mining, but users should be aware that mining different coins may result in varying rewards.
LazyPickaxe does not guarantee specific mining rewards for any particular coin.
Users should ensure that each coin switched by the pool supports the minimum difficulty limits set by LazyPickaxe.
Users cannot switch pools. Once a pool is set, there is no way to change it in the current setup.
LazyPickaxe does not guarantee any mining rewards or profits. The cryptocurrency mining process is inherently uncertain, and rewards are not guaranteed.
Users acknowledge that the value of mined cryptocurrency can fluctuate and that LazyPickaxe is not responsible for any losses incurred due to these fluctuations.
The purchase of hashpower does not entitle users to any specific amount of cryptocurrency or financial return.
LazyPickaxe is not liable for any losses or damages resulting from the use of our mining services, including but not limited to financial losses, loss of data, or hardware damage.
Users agree to use LazyPickaxe services at their own risk and acknowledge that the company is not responsible for any adverse outcomes.
Users must ensure that they have the legal right to participate in cryptocurrency mining activities in their jurisdiction.
Users are responsible for maintaining the security of their mining hardware and software.
Users must not use LazyPickaxe services for any illegal activities.
Users must comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) norms. Large deposits or usage may be subject to KYC/KYBB requirements, and failure to comply may lead to suspension or termination of services.
LazyPickaxe reserves the right to terminate or suspend any user's access to our services at any time, without notice, for any reason, including but not limited to violations of these terms and conditions.
LazyPickaxe may update these terms and conditions from time to time. Users will be notified of any significant changes, and continued use of the services constitutes acceptance of the updated terms.
These terms and conditions are governed by and construed in accordance with the laws of the United Arab Emirates (UAE). Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts in the UAE.
For any questions or concerns regarding these terms and conditions, please contact LazyPickaxe customer support. By clearly stating the refund policy and addressing various mining issues, these terms and conditions help protect LazyPickaxe from potential disputes and set clear expectations for users.