MINER HARDWARE PURCHASE AND MINER HOSTING TERMS AND CONDITIONS INSPUR MINING
You (the “Customer”) agree with the following terms and conditions for the provision of mining accessories and services (the “Agreement”) made as of today; between :
Inspur Mining( “INSPUR MINERS Pool”, “Service Providers”, “us” or “we”); and You, the Customer.
Customer may elect to pay the purchasing fees of this contract using either Bitcoin or bank wire transfer. Purchasing fees shall be paid at the initiation or beginning of the order.
-Purchasing with Bitcoin
If Customer elects to pay using Bitcoin, the fees shall be calculated using the current Bitcoin-to-USD ($) exchange rate.
–Purchasing with bank wire transfer
INSPUR MINERS shall only accept bank wire transfer for purchases over US$15,000. Your order is only validated after our bank confirms receipt of funds.
Hashrate will appear in Customer’s account within one (1) minute after contract activation, but it may take ten (10) minutes for hash rate statistics show accurate numbers because INSPUR MINERS measures hash rate using a ten (10) minute average.
Customer may only receive PPS (Pay Per Share) payments while a contract is active. Customer will receive shares per minute per TH/s.
-Choice of coin to mine
Customer who decide to host with us may decide which coin to receive payments, but INSPUR MINERS reserves the right to decide which coin the hash rate will be used to create blocks.
-Miner Hosting Contract termination
Miner hosting Contract will terminate on the contract expiry date. Contract can terminate before the expiry date if it is not profitable for 90 days (contract revenue is less than contract fees for 60 days). We consider a day to be unprofitable if either BTC or BCH revenue does not exceed fees.
“Lifetime” contracts do not have an expiry date but will still terminate if not profitable for 90 days.
-Refunds and Exchanges
By default, the INSPUR MINERS miner hosting contract does not allow refunds or exchanges after a miner hosting contract has been fully paid. We reserve the right to make a decision on refunds or exchanges.
*For Miner purchases, Refunds are only made in the rare scenario where you received a broken miner in which case you will ship the miner back to us and you can choose if you want your payment refunded or you want a different miner
-Limitation of Liability
Without detriment to the Service Providers (INSPUR MINERS’) obligation to render the Services on a commercially reasonable basis only, any liability of the Service Provider hereunder and or in connection with this Agreement shall be limited to willful misconduct and gross negligence. Further, the Service Provider shall not be liable for any damages incurred by the Customer as a result of force majeure which shall include any disruption or breakdown of the Bitcoin market. We make no guarantees, warranties or representations whatsoever as to (a) the future value of any Bitcoins produced; nor (b) the rate at which Bitcoins will be produced in the future applying particular hash rates, pursuant to any Bitcoin Cloud Mining Contract purchased by you.
-These Terms of Service have been made in and shall be construed and enforced in accordance with German law. Any dispute or difference arising out of or in connection with this contract shall be referred to and determined by arbitration under the Electronic Transaction Arbitration Rules of the German International Arbitration Centre. Germany shall be the seat of arbitration and any such dispute shall be resolved at the Hong Kong International Arbitration Center by a single arbitrator.
-Correspondence should be sent to email@example.com
-The English version shall control in the event there is a discrepancy between any English version and any translation.
-INSPUR MINERS Terms And Conditions are subject to change without notice.