For first time ever, cryptocurrency mining equipment producer is going to protect its customers from crypto volatility
Bitmain, the largest and most popular producer of Bitcoin mining equipment , shares the plan for a previously unseen compensation program. It will be activated in case of 20% or more Bitcoin price drops to make the process of PoW mining less risky.ASIC producer Bitmain will compensate the losses to purchasers of S19J XP flagship mining rigs in case of crypto capitalization dropdowns. Should Bitcoin lose 20% or more of its price, Bitmain will disribute $1.
Bitmain announced the launch of a market volatility protection mechanism. Within three months after the customer purchases the S19j XP, if the market fluctuates more than 20% downward, Bitmain will provide compensation of $1.89/T. Customers who previously purchased the S19j XP…The compensation program will be active for three months upon the purchase of Bitcoin mining hardware of the most powerful series.
Existing users of Bitmain S19J XP are also able to claim rewards in case of market instability. Such a statement was shared on
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