Knowledge Base

Knowledge Base / Mining / What is the River Mining Referral Program?
Mining

What is the River Mining Referral Program?

River Financial Knowledge Base Logo
  1. What is the River Mining Referral Program?
    The River Mining Referral program enables all existing River clients to refer new clients to mine bitcoin and receive referral bonuses! Between May 1, 2022 and July 31, 2022, referring clients and referred clients will each receive a $100 referral bonus per miner purchased. For example, if a referred client purchases five miners, both the referring client and referred client will receive $500 each. The referral bonuses will be deposited to each client's River account cash balances.
  2. How do I refer a friend to River Mining?
    To refer a friend or family member to River Mining, have them submit their contact information here. A River Relationship Manager will reach out to your referral and track who referred them. If you are an existing River Mining client, you can also email your River Relationship Manager directly to connect them with your referral.
  3. When will I receive my referral bonus?
    The referral bonus will be paid to your River account's cash balance two weeks after a completed River Mining referral. Referrals are considered complete when a new River Mining agreement is signed and paid.
  4. How will I receive the referral bonus?
    Referral bonuses will be credited to your River account cash balance. Referral bonuses will not be credited towards hosting payments.
  5. How much is the referral bonus?
    Both the referring client and referred client will receive a $100 referral bonus for each Bitcoin miner purchased, up to $10,000 per order. For example, for 1 miner purchased, both the referring client and referred client will receive $100 each. For 5 miners purchased, the bonus is $500 each. For 10 miners purchased, the bonus is $1,000 each. For 100 miners purchased, the bonus is $10,000 each. Bonuses of $600 or more will generate a 1099-MISC form.
  6. Who is eligible to refer?
    All River clients with an open account in good standing are eligible to refer.
  7. Do I have to purchase a miner to be eligible to refer as part of the River Mining referral program?
    No, you do not need to own a bitcoin miner with River to refer your friends and family as part of the River Mining Referral Program. All River clients with an open River account in good standing are eligible to refer.
  8. Who is eligible to be referred?
    New clients to River Mining are eligible to be referred as part of the River Mining Referral Program. This includes clients with an open River account who do not already own bitcoin miners with River. Note that you cannot refer your own account or an entity in which you have a stake.
  9. What happens if my friend who I referred to River Mining does not complete the purchase?
    Your referral must complete a mining hardware purchase to be eligible to receive the referral bonus. If your referral does not complete a mining hardware purchase, no referral bonus will be paid. Referral bonuses are paid two weeks after the referred party's mining deposit is received. If the deposit is not received, returned, or unable to be processed, then the referral bonus will not be paid.
  10. I already told my friend to buy a miner and they did. Can we get the bonus?
    We appreciate your referral. Unfortunately, only miners purchased by a new River Mining client between May 1, 2022 and July 31, 2022 are eligible to receive the referral bonus.
  11. My friend and I mine bitcoin with River and want to purchase more miners. Can we refer each other to receive the referral bonus?
    Existing River Mining clients are not eligible to be referred for additional miner purchases. However, we are glad you're enjoying mining bitcoin with River!
  12. I have multiple River accounts. Can I refer my separate accounts and receive a referral bonus?
    No, you cannot refer accounts or entities in which you have an ownership interest.
  13. Can I receive bitcoin as the referral bonus instead of the cash reward?
    No, referral bonuses can only be credited to your cash balance on river.com.
  14. What is the maximum referral bonus I can receive per order?
    The maximum referral bonus is $10,000 per River Mining order per client ($100 for each miner purchased on an order of 100 miners). Both the referring client and referred client are eligible to receive up to $10,000 per order. Rewards of $600 or more will generate a 1099-MISC form.
  15. What is the maximum referral bonus I can receive if I refer multiple new clients?
    The maximum referral bonus you can receive per client referred is $10,000. There is no maximum on how many clients you can refer.
  16. I do not want anyone to know how many miners I buy. Can I opt-out of the referral program?
    Yes. Let your Relationship Manager know that you do not consent to the referral program. Neither you nor your referring party will receive the referral bonus for your miner order.
  17. Will River tell the referring party how many miners I bought?
    No, River will not affirmatively share transaction information with other customers. If a referring party only refers one person, they will be able to determine how many miners that person bought based on the reward. If a referring party refers multiple people, however, River will not tell the referring party which referrals resulted in which rewards. A referring party will also not be notified if a referral fails to complete a purchase.