This acceptable use policy (“Policy”) sets forth the general guidelines and acceptable and prohibited uses of the asicnetwork.io website (“Website” or “Service”) and any of its related products and services (collectively, “Services”). This Policy is a legally binding agreement between you (“User”, “you” or “your”) and ASIC Network Inc (“ASIC Network Inc”, “we”, “us” or “our”). If you are entering into this agreement on behalf of a business or other legal entity, you represent that you have the authority to bind such entity to this agreement, in which case the terms “User”, “you” or “your” shall refer to such entity. If you do not have such authority, or if you do not agree with the terms of this agreement, you must not accept this agreement and may not access and use the Website and Services. By accessing and using the Website and Services, you acknowledge that you have read, understood, and agree to be bound by the terms of this Agreement. You acknowledge that this Agreement is a contract between you and ASIC Network Inc, even though it is electronic and is not physically signed by you, and it governs your use of the Website and Services.
You may not use the Website and Services to engage in activity that is illegal under applicable law, that is harmful to others, or that would subject us to liability, including, without limitation, in connection with any of the following, each of which is prohibited under this Policy:
Any User in violation of the Website and Services security is subject to criminal and civil liability, as well as immediate account termination. Examples include, but are not limited to the following:
You may not consume excessive amounts of the resources of the Website and Services or use the Website and Services in any way which results in performance issues or which interrupts the Services for other Users. Prohibited activities that contribute to excessive use, include without limitation:
You may not use the Website and Services to send spam or bulk unsolicited messages. We maintain a zero tolerance policy for use of the Website and Services in any manner associated with the transmission, distribution or delivery of any bulk e-mail, including unsolicited bulk or unsolicited commercial e-mail, or the sending, assisting, or commissioning the transmission of commercial e-mail that does not comply with the U.S. CAN-SPAM Act of 2003 (“SPAM”).
Your products or services advertised via SPAM (i.e. Spamvertised) may not be used in conjunction with the Website and Services. This provision includes, but is not limited to, SPAM sent via fax, phone, postal mail, email, instant messaging, or newsgroups.
Sending emails through the Website and Services to purchased email lists (“safe lists”) will be treated as SPAM.
Copyrighted material must not be published via the Website and Services without the explicit permission of the copyright owner or a person explicitly authorized to give such permission by the copyright owner. Upon receipt of a claim for copyright infringement, or a notice of such violation, we may, at our discretion, run an investigation and, upon confirmation, may remove the infringing material from the Website and Services. We may terminate the Service of Users with repeated copyright infringements. Further procedures may be carried out if necessary. We will assume no liability to any User of the Website and Services for the removal of any such material. If you believe your copyright is being infringed by a person or persons using the Website and Services, please get in touch with us to report copyright infringement.
You take full responsibility for maintaining reasonable security precautions for your account. You are responsible for protecting and updating any login account provided to you for the Website and Services.
We reserve our right to be the sole arbiter in determining the seriousness of each infringement and to immediately take corrective actions, including but not limited to:
Suspended and terminated User accounts due to violations will not be re-activated.
Nothing contained in this Policy shall be construed to limit our actions or remedies in any way with respect to any of the prohibited activities. We reserve the right to take any and all additional actions we may deem appropriate with respect to such activities, including without limitation taking action to recover the costs and expenses of identifying offenders and removing them from the Website and Services, and levying cancellation charges to cover our costs. In addition, we reserve at all times all rights and remedies available to us with respect to such activities at law or in equity.
If you have discovered and would like to report a violation of this Policy, please contact us immediately. We will investigate the situation and provide you with full assistance.
We reserve the right to modify this Policy or its terms related to the Website and Services at any time at our discretion. When we do, we will revise the updated date at the bottom of this page. We may also provide notice to you in other ways at our discretion, such as through the contact information you have provided.
An updated version of this Policy will be effective immediately upon the posting of the revised Policy unless otherwise specified. Your continued use of the Website and Services after the effective date of the revised Policy (or such other act specified at that time) will constitute your consent to those changes.
You acknowledge that you have read this Policy and agree to all its terms and conditions. By accessing and using the Website and Services you agree to be bound by this Policy. If you do not agree to abide by the terms of this Policy, you are not authorized to access or use the Website and Services.
If you have any questions, concerns, or complaints regarding this Policy, we encourage you to contact us using the details below:
This document was last updated on August 30, 2021
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SHA256 Hashing Algorithm is a cryptographic algorithm used by crypto miners to prove that they have done the work required to solve a block. Miners use their SHA256 computational power (hashing speed) and submit nonce values as an attempt to find a hash value of a given difficulty. The bitcoin network automatically changes its difficulty every 2016 blocks, or roughly every two weeks in order to keep mining time at ten minutes on average.
The cost of mining bitcoin varies, depending on the price of bitcoin, hardware efficiency, difficulty, and power consumption.
"Difficulty" is a bitcoin mining term that relates to how difficult it is for bitcoin miners to find the hash value needed for their nonce. Difficulty values are updated based on total network hashing power and adjusted every 2016 "blocks."
A bitcoin mining pool is a mining group that works together with bitcoin miners to solve the bitcoin network's proof-of-work algorithm.
SHA256 encryption (Secure Hashing Algorithm) is bitcoin's standard algorithm to encrypt information. SHA256 encryption uses a complex mathematical formula that creates 256-bit hash values for data input as well as bitcoin transactions.
As long as transactions occur with the bitcoin economy, bitcoin mining will continue.
Bitcoin's SHA-256 hashing algorithm is considered "brute force" as it relates to bitcoin mining rigs, and it becomes more difficult over time. This creates an arms race where the bitcoin miner with the most powerful single rig will solve blocks at a faster rate than competitors and accumulate bitcoins on this basis. Miners need to keep upgrading their equipment in order for bitcoin mining activity to remain profitable because difficulty levels adjust accordingly based on network hashrate changes every 2016 blocks or roughly every two weeks. This ensures that bitcoin miners have access to computational resources necessary to secure global bitcoin transactions from tampering by other parties when performing verification of payment authorization before committing those funds to a transaction.
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