How to Pay for Service Fee/Hosting Fee
1. What is the service/hosting fee?
Service/hosting fee refers to the operation and maintenance costs incurred by BitFuFu to ensure the stable operation of the miner, including costs of electricity, repair, maintenance, transportation, etc.
2. How many days of service/hosting fee are included when placing an order?
When placing an order for BitFuFu's hashrate or miner plans (hereinafter referred to as "plans"), it is generally required to prepay at least 10 days of service/hosting fee. After that, the service/hosting fee needs to be paid manually or automatically by using the FuFu Points Auto-Pay, Service Fee Loan or Output Auto-Pay function (One lump sum payment for the whole cycle service/hosting fee upon purchasing is also accepted).
3. How to calculate the service/hosting fee amount?
Hashrate Plans: Service Fee Amount = Number of Days to be Paid x Hashrate Amount x Service Fee Price
Co-hosting Plans: Hosting Fee Amount = Number of Days to be Paid x Number of Miners x Daily Electricity Fee per Miner
4. How to pay the service/hosting fee
There are four ways of payment:
① Manual payment of service/hosting fee
Select the order that you want to pay the service/hosting fee, and the user will pay it manually.
Remarks: Failure to pay the service/hosting fee due to personal reasons will cause the user's order to stop running. The platform will not compensate for any loss of arithmetic fee or mining output during the suspension period.
② FuFu Points Auto-Pay, automatic payment of service/hosting fee
When the service/hosting fee of the plan is less than 3 days, FuFu Points will be used to deduct the service/hosting fee for less than 3 days, and the duration of service/hosting fee Auto-Pay is 1 day, at least 1 day.
The maximum number of days of service/hosting fee Auto-Pay will not exceed the current maximum payable hours of the package.
You can enable or disable the Auto-Pay of FuFu Points for each plan, and you can change the setting at any time on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
Remarks: Users are required to purchase FuFu Points in advance to avoid Auto-Pay failure.
③ Service Fee Loan, automatic payment of service/hosting fee (Preparing)
A Service Fee Loan is a flexible, convenient, and low-rate method for paying service/hosting fee. It automatically covers 3 days of service/hosting fee when the service/hosting fee balance is not enough for 3 days.
When the remaining service/hosting fee duration is less than 3 days, it pays the remaining amount of service/hosting fee due. You can initiate the repayment service/hosting fee loan at any time.
Each hashrate can be individually configured to enable or disable this loan.
④ Output Auto-Pay, automatic payment of service/hosting fee (Preparing)
When the service/hosting fee of the plan is less than 3 days, the service/hosting fee will be deducted from the combined amount of the remaining balance of the plan in the mining pool and the mining output of the current day.
If the combined amount of the balance of the pool and the mining output of the day is less than the service/hosting fee for 1 hour, then the withholding of output will not be carried out, and the mining output of the day will be accumulated in the balance of the pool and will not be deducted for the time being.
The maximum number of days of Output Auto-Pay will not exceed the current maximum payable hours of the package.
It is recommended to activate at least one automatic payment method to prevent any disruption to mining operations and output due to insufficient subscription service or hosting fees.
Two automatic payment methods can be activated simultaneously, with the following priority: FuFu Points Auto-Pay > Service Fee Loan/Output Auto-Pay.
Each plan can individually set the service/hosting fee automatic payment switch. For each plan, you can only choose to activate either the Service Fee Loan or the Output Auto-Pay. You can modify these settings at any time on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
Output Auto-Pay and Service Fee Loan are under preparation, not yet open to all users. Please look forward to it.
5. Where can I manage and pay the service/hosting fee?
① Enable auto-payment when placing an order.
It is recommended to enable at least one automatic payment method to prevent insufficient plan service/hosting fee from affecting mining operations and output.
② You can switch the automatic payment of service/hosting fee on or off at any time during the plan operation, as long as the fees have not been paid in full.
③ Batch setting in my service/hosting fee
You can view and batch set the automatic payment for all your plans on the ""My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
④ Manual payment of service/hosting fee
Paying service/hosting fee for one plan
In "My Hashrate-Service Fee"/"My Hosting-Hosting Fee", select the plan that requires the payment of service/hosting fee and pay the fees for this plan individually.
Manual batch payment of service/hosting fee for multiple plans
You can view and batch set the service/hosting fee auto-pay method for all of your capacities on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
6. How to choose the currency and timing for paying service/hosting fee based on market fluctuations?
Because the timing of service/hosting fee payment, the currency of payment, and the fluctuation of the market will affect your total cost, thus affecting the overall income of your order.
For example, when you want to hoard BTC or when the BTC price is low, BTC will have less purchasing power. At this time, it is recommended to pay the service/hosting fee with USDT and keep the BTC you mined. When the BTC price is high, BTC will have less purchasing power, and you can use the mined BTC to pay the service/hosting fee In this way, you can earn from mining and also benefit from rising currency prices!
The above recommendations are for reference only. Users should pay the service/hosting fee based on their own situation and market judgment.
Service/hosting fee refers to the operation and maintenance costs incurred by BitFuFu to ensure the stable operation of the miner, including costs of electricity, repair, maintenance, transportation, etc.
2. How many days of service/hosting fee are included when placing an order?
When placing an order for BitFuFu's hashrate or miner plans (hereinafter referred to as "plans"), it is generally required to prepay at least 10 days of service/hosting fee. After that, the service/hosting fee needs to be paid manually or automatically by using the FuFu Points Auto-Pay, Service Fee Loan or Output Auto-Pay function (One lump sum payment for the whole cycle service/hosting fee upon purchasing is also accepted).
3. How to calculate the service/hosting fee amount?
Hashrate Plans: Service Fee Amount = Number of Days to be Paid x Hashrate Amount x Service Fee Price
Co-hosting Plans: Hosting Fee Amount = Number of Days to be Paid x Number of Miners x Daily Electricity Fee per Miner
4. How to pay the service/hosting fee
There are four ways of payment:
① Manual payment of service/hosting fee
Select the order that you want to pay the service/hosting fee, and the user will pay it manually.
Remarks: Failure to pay the service/hosting fee due to personal reasons will cause the user's order to stop running. The platform will not compensate for any loss of arithmetic fee or mining output during the suspension period.
② FuFu Points Auto-Pay, automatic payment of service/hosting fee
When the service/hosting fee of the plan is less than 3 days, FuFu Points will be used to deduct the service/hosting fee for less than 3 days, and the duration of service/hosting fee Auto-Pay is 1 day, at least 1 day.
The maximum number of days of service/hosting fee Auto-Pay will not exceed the current maximum payable hours of the package.
You can enable or disable the Auto-Pay of FuFu Points for each plan, and you can change the setting at any time on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
Remarks: Users are required to purchase FuFu Points in advance to avoid Auto-Pay failure.
③ Service Fee Loan, automatic payment of service/hosting fee (Preparing)
A Service Fee Loan is a flexible, convenient, and low-rate method for paying service/hosting fee. It automatically covers 3 days of service/hosting fee when the service/hosting fee balance is not enough for 3 days.
When the remaining service/hosting fee duration is less than 3 days, it pays the remaining amount of service/hosting fee due. You can initiate the repayment service/hosting fee loan at any time.
Each hashrate can be individually configured to enable or disable this loan.
④ Output Auto-Pay, automatic payment of service/hosting fee (Preparing)
When the service/hosting fee of the plan is less than 3 days, the service/hosting fee will be deducted from the combined amount of the remaining balance of the plan in the mining pool and the mining output of the current day.
If the combined amount of the balance of the pool and the mining output of the day is less than the service/hosting fee for 1 hour, then the withholding of output will not be carried out, and the mining output of the day will be accumulated in the balance of the pool and will not be deducted for the time being.
The maximum number of days of Output Auto-Pay will not exceed the current maximum payable hours of the package.
It is recommended to activate at least one automatic payment method to prevent any disruption to mining operations and output due to insufficient subscription service or hosting fees.
Two automatic payment methods can be activated simultaneously, with the following priority: FuFu Points Auto-Pay > Service Fee Loan/Output Auto-Pay.
Each plan can individually set the service/hosting fee automatic payment switch. For each plan, you can only choose to activate either the Service Fee Loan or the Output Auto-Pay. You can modify these settings at any time on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
Output Auto-Pay and Service Fee Loan are under preparation, not yet open to all users. Please look forward to it.
5. Where can I manage and pay the service/hosting fee?
① Enable auto-payment when placing an order.
It is recommended to enable at least one automatic payment method to prevent insufficient plan service/hosting fee from affecting mining operations and output.
② You can switch the automatic payment of service/hosting fee on or off at any time during the plan operation, as long as the fees have not been paid in full.
③ Batch setting in my service/hosting fee
You can view and batch set the automatic payment for all your plans on the ""My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
④ Manual payment of service/hosting fee
Paying service/hosting fee for one plan
In "My Hashrate-Service Fee"/"My Hosting-Hosting Fee", select the plan that requires the payment of service/hosting fee and pay the fees for this plan individually.
Manual batch payment of service/hosting fee for multiple plans
You can view and batch set the service/hosting fee auto-pay method for all of your capacities on the "My Hashrate-Service Fee"/"My Hosting-Hosting Fee" page.
6. How to choose the currency and timing for paying service/hosting fee based on market fluctuations?
Because the timing of service/hosting fee payment, the currency of payment, and the fluctuation of the market will affect your total cost, thus affecting the overall income of your order.
For example, when you want to hoard BTC or when the BTC price is low, BTC will have less purchasing power. At this time, it is recommended to pay the service/hosting fee with USDT and keep the BTC you mined. When the BTC price is high, BTC will have less purchasing power, and you can use the mined BTC to pay the service/hosting fee In this way, you can earn from mining and also benefit from rising currency prices!
The above recommendations are for reference only. Users should pay the service/hosting fee based on their own situation and market judgment.
Updated on: 03/07/2024
Thank you!