Privacy Policy
WindMiner website is operated by WindMiner EU, in collaboration with Kentino International and AAA Computers. We are deeply committed to safeguarding and respecting your privacy. As the data controller, we adhere to the Data Protection Act 1998, as amended or replaced by the General Data Protection Regulation 2016 (GDPR), along with any national laws pertaining to personal data processing. Please read the following carefully to comprehend our views and practices regarding Your Data and how we handle it. This policy pertains to information collected about:
- Visitors to our website
- Customers
- Introducers
- Suppliers
VISITORS TO OUR WEBSITE
We may collect and process personal data about you in the following scenarios:
- When you fill out online contact forms on our website, providing your name, address, email address, contact number, and in some cases, a CV document.
- Whenever you provide information to us when reporting a problem with our site, making a complaint, submitting an inquiry, or contacting us for any other reason. Correspondences may be recorded.
- When you visit our site, we may retain details such as traffic data, location data, weblogs, and other communication data, along with the resources you access (refer to the Cookies section below).
- Whenever you disclose your information to us, or we collect information from you in any other way through our site.
We may also collect data in the following manners:
- IP Address: We may gather information about your device, including your Internet Protocol address, for fraud protection purposes. Additionally, we may collect information about your device's operating system and browser type for system administration and to report aggregate information to our advertisers. This data is statistical and does not identify any individual.
COOKIES
Our site utilizes cookies to distinguish you from other users, providing you with a seamless browsing experience and enabling us to enhance our site's performance. For detailed information on the cookies we use and their purposes, please refer to our Cookie Policy.
We may utilize your personal data for our legitimate interests, including but not limited to:
- Providing information or services requested from us
- Responding to inquiries submitted via our online contact forms
- Allowing you to engage in interactive features of our site
- Ensuring that content from our site is presented effectively for you and your device
- Improving our site and services
- Handling complaints or inquiries made by you
- Contacting you for marketing purposes if you have subscribed to such communications (refer to the "DISCLOSURE OF YOUR DATA TO THIRD PARTIES" section for further details).
WEBSITE LINKS
Our site may contain links to and from third-party websites. Please note that these websites may have different terms regarding the collection and privacy of your personal data. We do not accept any responsibility or liability for the policies of these websites. Please verify their policies before submitting your information.
CUSTOMERS
To provide services to our customers, we collect details such as name, address, email address, contact number, date of birth, national insurance number, and financial information. We may also receive details of credit checks undertaken when provided by you. Customer personal information may be shared with our employees to manage our relationship with you. We utilize customer personal data for the following legitimate interests:
- Marketing our products and services via mail and email with your consent
- Obtaining sensitive personal data from third parties, such as health, ethnic origin, or criminal prosecutions, with your consent, from entities such as employers, credit reference agencies, fraud prevention agencies, and similar organizations.
- We do not transfer any customer personal data outside the European Economic Area (EEA).
SUPPLIERS
We collect details such as contact names, address, email, and telephone number to communicate about goods and/or services we have ordered from you, to comply with our contractual obligations, and to place further orders. Personal data may be shared with our employees to manage our relationship with you. We retain your personal data for as long as we require your goods and/or services, up to a maximum of six years from our last contact with you. We do not transfer your personal data outside the EEA.
MARKETING
We may use customer personal data to provide you with details about our products and services, including reminders before the end of your product term, quotes/agreements in principle, up-to-date market insights, bespoke events, publications, and other information we believe may be of interest to you.
You have the right to opt-out of receiving such information at any time. To opt-out, you can:
- Select the relevant box on the form through which we collect your information
- Click the unsubscribe button in any communication received from us
If you have subscribed to receive marketing correspondence from us, we will keep your personal data until you unsubscribe or until it is no longer necessary to retain it (whichever occurs earlier).
LEGAL BASIS FOR PROCESSING YOUR PERSONAL DATA
In accordance with data protection legislation, we process your personal data for the following reasons:
- Performance of a contract we enter into with you
- Compliance with a legal obligation to which we are subject
- Pursuing our legitimate interests as described within this policy
- Processing your personal data, including sensitive data, with your explicit consent
DISCLOSURE OF YOUR DATA TO THIRD PARTIES
In addition to the third parties mentioned previously, we may disclose your personal data to third parties for the following legitimate business purposes:
- Staff members to facilitate service provision
- IT software providers hosting our website and storing data on our behalf
- Prospective buyers of our business or assets, in which case personal data will also be transferred
We may disclose your personal data to the police, regulatory bodies, legal advisors, or similar third parties where we are under a legal duty to do so, to enforce or apply our agreements, or to protect our rights, property, or safety of our customers or others. This includes sharing information for fraud protection and credit risk reduction purposes. We do not sell or distribute your personal data to other organizations without your approval.
CROSS-BORDER DATA TRANSFERS
We do not transfer personal data outside the EEA. Should this become necessary in the future, we will ensure that appropriate safeguards are in place to comply with data protection legislation.
DATA SECURITY
Information you provide to us is shared on our secure servers. We have implemented suitable physical, technical, and organizational measures to secure your information against accidental loss and unauthorized access, use, alteration, or disclosure. Access to personal data is limited to those employees, agents, contractors, and other third parties with a legitimate business need. If you have been provided a password enabling access to certain parts of our site, it is your responsibility to keep it confidential. While we strive to protect your personal data, we cannot guarantee the security of information transmitted to our site; any transmission is at your own risk.
ACCESS TO, UPDATING, DELETING, AND RESTRICTING USE OF YOUR DATA
It is crucial that the personal data we hold about you is accurate and current. Please inform us if your personal data changes. Data protection legislation grants you certain rights regarding your personal data. You have the right to object to the processing of your personal data in certain circumstances and to withdraw your consent where provided. You can also request:
- Updating or amending inaccurate personal data
- Removing your personal data from our database
- Receiving copies of your personal data in a commonly used format and transferring it to another entity
- Restricting the use of your personal data
- Accessing information held about you
About KASPA
Its design is true to the principles that Satoshi incorporated into Bitcoin – proof-of-work mining, an isolated state created by UTXO, a deflationary monetary policy, no pre-mining and no central control. Kaspa is unique in its ability to support a high frequency of blocks without affecting the level of security offered by the most secure proof-of-work environments. The current Kaspa mainnet operates at one block per second. Following the ongoing Rust rewrite, the core developers aim to significantly increase the number of blocks per second, making it attractive for smart contract and DeFi (decentralized finance) development.
SOLUTION OF THE TRILEMMA
Traditional cryptocurrencies suffer from a trade-off between security, scalability, and decentralization: decentralized cryptocurrencies must limit the rate at which blocks are created to reduce the number of "orphans," which are blocks created off-chain during the time a block is propagating through the network. A high number of orphans reduces the effectiveness of the PoW (Proof of Work) network and thus weakens its defense against attacks by malicious participants. To resolve this trade-off, the Kaspa consensus layer uses the GhostDAG protocol, a Proof of Work consensus protocol that generalizes the Nakamoto chain to a directed acyclic block graph (blockDAG). GhostDAG incorporates "orphaned" blocks into the chain by creating a blockDAG, and then uses a new hungry algorithm to organize blocks by favoring well-connected, honest blocks, quickly and with high probability. GhostDAG allows Kaspa to bypass traditional blockchain compromises, increasing the speed of block creation by several orders of magnitude and maintaining theoretical Bitcoin-level security.
The result is a cryptocurrency that is backed by 51% security, has a large number of miners/nodes, and achieves throughput of the order of one block per second. This differs from existing cryptocurrencies, which inevitably sacrifice a small number of validating nodes or a lower security BFT (33% threshold required for attacks by malicious participants on the network).
Quick confirmations
The slow block creation rate of traditional cryptocurrencies means slow confirmations, i.e. the time it takes for a transaction to be published on the blockchain. The Kaspa consensus layer supports fast confirmations in the order of seconds - fast first confirmation, which allows use in cases where immediate proof of publication (but not immediate irreversibility) is needed, such as e-commerce.
High throughput
The slow block creation speed of traditional cryptocurrencies also means low transaction throughput. By using GhostDAG, Kaspa's consensus layer removes security as a bottleneck for high throughput, allowing speed and block sizes to grow to a level that the network can handle. Kaspa also optimizes data transmission costs and network infrastructure for high throughput.
Decentralization of mining
The slow block creation rate of traditional cryptocurrencies also means high variability in mining income (ie irregular mining rewards due to the difficulty of finding a block), which incentivizes miners to join larger and larger mining pools – which combine computing power and distribute smaller, more regular rewards participants – as the network grows and block difficulty increases. This centralizes the power of the consensus in the hands of a few mining pool managers. The fast speed of creating blocks in the Kaspa consensus layer reduces the volatility of mining income, which reduces the incentive to join mining pools and contributes to the decentralization of mining.