Legal
Terms of Service
Plain-language terms for buying mining rights. If anything here conflicts with your signed rights agreement, the agreement wins.
1. Who we are
Tally LLC, registered in Virginia, USA under number 12090838, with its registered office at 8401 Maryland Dr, Ste A, Richmond, VA 23294, USA ("Tallyhashs", "we"). Contact: hello@tallyhashs.com.
2. What you buy
You buy mining rights: the right to the bitcoin that a stated amount of hashrate (TH/s) mines on specific Antminer S21 XP machines that we own and operate, for a fixed term, currently 24 months. Your rights agreement lists the hashrate and the serial numbers of the machines it runs on. You don't own the machines and can't take possession of them.
3. Orders and payment
- Prices are fixed when you place your order and shown at checkout. The price is paid once, up front, for the whole term.
- We accept bitcoin only, sent on-chain to the address shown at checkout. Your order is reserved while your quoted amount is held, typically 20 minutes.
- We may cancel an order and refund you in full if we can't assign hashrate or if compliance checks fail.
4. Power, hosting and maintenance
- The price includes all power, hosting, cooling, monitoring, repairs and pool setup for the whole term, bought at our rate of $0.0023 per kWh. There are no monthly bills.
- We may pause machines for maintenance, repairs or grid curtailment. If your hashrate is offline for more than 5% of the hours in any calendar month, every hour offline beyond that 5% is added to the end of your term.
- Our uptime target is 95% per month. We do not give cash credits for downtime. Downtime beyond the uptime target is made up by extending your term, as described above.
5. Payouts
Your hashrate mines to a pool sub-account in your name, and the pool pays the Bitcoin address you give us after the pool's own fee. Your hashrate earns every day; the pool sends what it has earned each time your balance reaches the pool's payout minimum of 15,000 sats (0.00015 BTC). Any balance still under the payout minimum when your term ends is sent to your wallet within 30 days, whatever its size, and we pay the network fee. We never hold your mining revenue. Payouts vary with Bitcoin's price, network difficulty and transaction fees, and they are not guaranteed. You are responsible for the address and its keys; payouts sent to an address you provided can't be reversed.
6. Term and ending
- Your term starts on the day your hashrate starts mining and ends 24 months later. Your rights then end; there's no hardware or residual value to return.
- Rights can't be cancelled for a refund once mining starts. You can cancel for a full refund at any time before your hashrate starts mining: we return the same amount of bitcoin you paid, to an address you give us. Once mining has started your rights can no longer be cancelled, but you can transfer them to another person once during the term by emailing support from the address on your order; their payout address then replaces yours.
- If we can no longer operate the machines your rights run on, we move your hashrate to other machines we operate within 14 days. If we cannot, we refund the unused part of your term pro rata, in bitcoin at the price on the day of the refund.
7. No promise of returns
Mining revenue depends on Bitcoin's price, network difficulty, fees, the halving schedule and uptime. Estimates and power-saving comparisons on our site are illustrative and are not promises. At today's numbers a plan can pay back less than it costs. You can lose money. See our risk disclosure.
8. Taxes
You are responsible for any taxes on your payouts. In most countries mining payouts are taxable, and being paid in bitcoin doesn't change that. See how mining payouts are taxed; we don't give tax advice.
9. Where we sell
Mining rights aren't offered where the law doesn't allow them, or to people on sanctions lists. We don't sell mining rights to anyone in Cuba, Iran, North Korea or Syria, to anyone on a U.S. (OFAC), UN, EU or UK sanctions list, or to anyone acting for such a person. By buying, you confirm that buying mining rights is lawful where you live, that you are buying for yourself and not to resell them, and that you are not a sanctioned person. We may refuse or cancel an order, with a full refund, if we can't confirm this.
10. Liability
To the extent the law allows, our total liability to you for anything arising from your mining rights is limited to the price you paid for them. We are not liable for lost profits, for changes in Bitcoin's price, network difficulty or fees, or for indirect or consequential losses. We are not liable for failures caused by events beyond our reasonable control, including power curtailment or grid failure, volcanic eruptions, earthquakes and other natural events, fire, war, changes in law, and outages at the mining pool or on the Bitcoin network; downtime from these events is handled as described in sections 4 and 6. Nothing in these terms limits any liability that the law does not allow to be limited, including liability for fraud.
11. Governing law
These terms are governed by the laws of Virginia, USA. Before starting any claim, email support@tallyhashs.com and give us 30 days to resolve it. If we can't, the state and federal courts located in Richmond, Virginia, decide the dispute, and you and we agree to their jurisdiction. If you live in a country whose law gives you the right to bring a claim in your own courts, nothing here takes that right away.
12. Changes
We will email you at least 30 days before any change to these terms that affects rights you already hold.
13. Photographs
The photographs on this site are illustrations. They show real mining hardware and sites run by other companies, not our own machines or facility, and are used under their photographers' licences. Each photographer, licence, original and the changes we made are listed on our photo credits page.