the kinds of Personal Information which we may collect about you and how it may be used;
any disclosure of Personal Information to third parties;
your ability to correct, update and delete your Personal Information; and
the security measures we have in place to prevent the loss, misuse, or alteration of Personal Information under our control.
Gathering and Use of Personal Information
We may collect your Personal Information if you use the Site, open an Account to use the Platform or perform any Transactions on the Platform. The types of Personal Information which we collect may include:
your Bitcoin address;
your e-mail address;
your online forum names;
your date of birth; and
We may use your Personal Information for the following purposes:
to allow you to open and operate an Account on the Platform;
to enable you to complete Transactions on the Platform;
if you contact us, to reply to your queries;
to analyze use of our Site;
to provide you with information about products and promotions that may be of interest to you, from ourselves and third parties;
for market research e.g. surveying our Members needs and opinions on issues, such as our performance etc.
We will process your Personal Information only for the purpose(s) for which it has been provided to us.
We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users browsing actions and patterns and does not identify any individual.
We use third party service provider(s), to assist us in better understanding the use of our Site. Our service provider(s) will place cookies on the hard drive of your computer and will receive information that we select that will educate us on such things as how visitors navigate around our site, what products are browsed, and general Transaction information. Our service provider(s) analyses this information and provides us with aggregate reports. The information and analysis provided by our service provider(s) will be used to assist us in better understanding our visitors interests in our Site and how to better serve those interests. The information collected by our service provider(s) may be linked to and combined with information that we collect about you while you are using the Platform. Our service provider(s) is/are contractually restricted from using information they receive from our Site other than to assist us.
Disclosure of Personal Information
Correction/Updating/Deletion of Personal Information
You have the right to access your Personal Information and to require the correction, updating and blocking of inaccurate and/or incorrect data by contacting us through our website.
You may also request the deletion or destruction of both the Account and Personal Information by contacting us through our website. Syntropy Cloud Mining will action your request only where this is not inconsistent with its legal and regulatory obligations.
Upon your written request, we will inform you of the Personal Information relating to you that we hold and the use and general disclosure of your Personal Information. We will also give you a copy of the Personal Information we have retained. There will be a charge for accessing your Personal Information.
We have implemented security measures to ensure the confidentiality of your Personal Information and to protect your Personal Information from loss, misuse, alteration or destruction. Only authorized personnel of Syntropy Cloud Mining have access to your Personal Information, and these personnel are required to treat the information as confidential. The security measures in place will, from time to time, be reviewed in line with legal and technical developments.
Retention of Personal Information
You have the right to ask us not to process your Personal Information for marketing purposes. You can exercise your right to prevent such processing by contacting us through our website.
Syntropy Cloud Mining offers the ability to mine using either the Proof of Work or Proof of Stake consensus methods. That sounds interesting but what does it mean?
Proof of Work and Proof of Stake are two different types of computer algorithms that are used to derive value from cryptocurrencies such as Bitcoin and Ethereum.
This video provides a simplified explanation of the two methods to help you understand the mechanisms that drive digital currencies.