Cloud mining allows you to enter a contract with a Bitcoin miner to earn rewards! In a cloud mining contract, the customer does not own any part of the mining operation. Instead, the customer simply has a contract with the provider to earn payouts.
Mining contract labor refers to temporary or seasonal mining employment. Many of these contracts last between 3-6 months but may differ depending on the company and need. Many mining contract labor opportunities are managed through a third party, who helps recruit, screen, and place contract miners in job positions.
A mining claim is a parcel of land for which the claimant has asserted a right of possession and the right to develop and extract a discovered, valuable, mineral deposit.
“MDPA” means the Mine Development and Production Agreement in the format as specified in Schedule IV (Format of MDPA).
Contract mining is when the owners of a mine employ the services of specialist contractors to conduct the various mining operations such as drilling, blast- ing, equipment maintenance, processing opera- tions, scheduling and budgeting where there is a legal agreement between the two parties that is enforceable by law.