How do we calculate the Energy Invoices

Formula for invoices

Payment for next month (assuming 100% uptime) - Unused electricity of the previous month.

1. Energy is always paid upfront.

   
   

2. You don’t pay for unused energy. This is credited on your next invoice.

   
   

3. You have 10 days to pay any outstanding invoice. If an invoice remains unpaid after the 10-day payment term:

   - Any automatic Bitcoin withdrawal or auto payout functionality associated with the account will be disabled until all outstanding balances have been paid in full.

   
   

4. If an invoice remains unpaid for more than one month:

   - The hosted machine(s) will be switched off.

   - A late payment penalty of 2% of the outstanding invoice amount will be applied in accordance with the Hosting Agreement.

   
   

5. If outstanding invoices remain unpaid for more than two months:

   - The Hosting Agreement will be terminated.

   - Hosting services will be discontinued.

   - Any further actions will be handled in accordance with the terms and conditions of the Hosting Agreement.

   
   
6. The first invoice always includes one-month security deposit per machine and a one-time setup fee.

Example:

With 100% uptime, the electricity bill for your machine is $100.

But due to maintenance or unexpected circumstances, your machine has been offline for 20% of the previous month.

Payment for next month (assuming 100% uptime) - Unused electricity of the previous month.

Your next invoice will be:

$100 - $20 = $80.

Payment for next month (assuming 100% uptime) + 1-month security deposit + Setup fee

In this scenario, your first invoice would be:

$100 + $100 + $100

For any questions, support@epicmining.io . Our aim is to respond to all questions within 1-2 business days.