Protection

What is the Wily Insurance Market Protection ?

Since the prices of the cryptocurrency market vary a lot, it can happen that in some cases the mining is unprofitable. Take the example of Bitcoin: if its price falls and reaches a price too low, the cryptocurrency rewards that miners receive then no longer cover the operating costs (electricity, maintenance, etc.) of their mining machine. They therefore spend more than they earn: it is no longer profitable.

That's why we've put a system in place to prevent that. How? By monitoring 7 / 7d the market variations to detect possible price falls and, if necessary, pause your contract until it becomes profitable: it is the Wily Insurance - Market Protection !

Take a concrete case: you have just taken a one-year mining contract, the cryptocurrency market is doing well and you are profitable. However, at the fourth month, the price of the cryptocurrency that you mine falls and your contract becomes unprofitable ... Do not panic! That's at this moment that Wily Insurance - Market Protection is triggered and pauses your contract: you do not suffer any loss of profit! Two months later, the market goes up again and the mining becomes profitable again. Your contract is then reactivated automatically at the place where it had stopped and in this example only takes into account your first three months of mining (period during which the latter was still profitable).

This insurance can cover you for up to 12 consecutive months and makes it one of the most powerful in the Cloud Mining market!

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