Dear ViaBTC users:
In order to meet growing demand of cloud mining contracts, ViaBTC is now releasing a new feature - “Market” for cloud mining contracts so that contract holders can trade their contracts easily.
Support S9 and L3 contract trading
“Market" is only available for active contracts and does NOT support pre-sale contracts.
We are pricing all contracts with Bitcoin Cash (BCC) and have released S9/BCC and L3/BCC trading pairs for you.
How to trade contracts
Based on preferences of price and time efficiency, our proprietary high-speed matching engine matches contract orders instantly and supports a minimum unit of 0.01 share.
How is mining profit calculated
Both S9 and L3 contract profits are calculated on an hourly basis and the daily mining income will be paid to your account at 00:00 AM the next day.
1. For unexecuted orders, contract mining income will still be allocated to its current holder;
2. For executed orders, divided by the hour of execution,
Income mined BEFORE order execution will be allocated to its seller;
Income mined AFTER order execution will be allocated to its buyer.
For instance:
User A has sold 10 shares of S9 contracts to User B at 10:35 on November 8th.
By 00:00, November 9th, when contract profit is calculated:
User A will be allocated with 11-hour profit from 00:00 to 10:00 of November 8th;
User B will be allocated with 13-hour profit from 11:00 to 24:00 of November 8th.
How to set payment coin
1. Now S9 cloud mining contracts will mine BTC by default. You can set payment coin in “Settings” - “Contract setting” to choose BTC or BCC:
If you have chosen “Mine BTC”, you will be allocated with BTC payouts, or otherwise BCC.
2. Whether you are a buyer or seller, your S9 payment coin will be decided by your current “Contract setting”.
For instance:
User A has sold 10 shares of S9 contracts to User B at 10:35 on November 8th.
User A has set its payment coin as “Mine BTC”, therefore he/she will be allocated with BTC;
User B has set its payment coin as “Mine BCC”, therefore he/she will be allocated with BCC.
Trading fee
For each executed contract order, ViaBTC will charge 0.2% as trading fee from its SELLER and its seller ONLY.
ViaBTC reserves the rights of final explanation for this statement.
November 8th, 2017
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