This Agreement between you ("You") and Managed Miners ("MM") governs your use of all MM services. You agree to be bound by the terms contained in this Agreement and certify that you are 18 years of age or older. Please read this Agreement carefully. DO NOT USE ANY OF THE MM SERVICES IF YOU DO NOT AGREE WITH ANY OF THE FOLLOWING TERMS
a. MM agrees to provide you with the computing resources necessary in order to supply you with the speed and diration of your purchase.2. FEES
a. Daily maintenance fees are calculated using the prior days exchange rate listed at https://www.coinbase.com/charts. The daily maintenance fee for bitcoin is $0.36 USD per 1 TH/s of mining speed purchased, the daily maintenance fee for zcash mining is $0.79 USD per 1 GPU purchased
b. The fee required to start mining must be paid in full before mining will start and depends on the size of the package purchased. Prices are quoted in USD, but the fee to start mining will be paid in advance using bitcoin sent to the payment address using the exchange rate obtained from either BlockChian.info or Bitstamp.net (should BlockChain.info be unavailable). Payment will be considered complete once the full amount of bitcoin is sent to the payment address and has achieved more than 6 confirmations on the bitcoin network.3. TERM
a. The beginning of the term of this agreement starts once the bitcoin amount has been sent to the payment address and has achieved more than 6 confirmations on the bitcoin network.
b. Any for lifetime mining contracts reach the the end of the term of this agreement once the coins mined fo not pay the daily maintenance fee for 10 consecutive days.
c. The only other condition for the termination of the agreement is due to good cause by either you or MM. In the case of a good cause termination, you will be refunded the fee required to start mining on a prorated cancellation basis of 100 days using the current exchange rate listed at https://www.coinbase.com/charts, with the first day of the agreement having a 100% refund value and the 100th day of the agreement having a 0% refund value. Any days after the 100th day have a 0% refund value.4. COMPLIANCE WITH APPLICABLE LAWS
a. Regulation of Virtual Currency. Mining and use of bitcoin is subject to the laws of your jurisdiction. You acknowledge that compliance with all applicable laws in connection with your use of miners purchased through MM and any other MM services is solely your own responsibility.
a.i. You understand that MM is engaged only in the provision of the services described in Section 1 of these Terms. MM does not provide any legal advice regarding the use of its services. You acknowledge that MM is not an exchanger or an administrator of bitcoin, within the meanings established by the U.S. Financial Crimes Network.
b. Illegal Activities. Use of miners obtained through MM for any illegal or criminal purpose whatsoever is strictly forbidden. By accepting these terms, you agree that you shall not use any of the MM services in connection with any such activity.
b.i. MM reserves the right to terminate or suspend your account immediately and without prior notice, upon reasonable suspicion of illegal activity or reasonable belief that termination or suspension is necessary to comply with any applicable laws, recommendations or requests issued by a governmental or other body having authority in any area relevant to mining or other use of bitcoin.
b.ii. In the case of termination or suspension pursuant to the forgoing paragraph, MM shall not provide any refund for any fees previously paid or be subject to any other liabilities whatsoever.5. AVAILABILITY AND PRIVACY
a. Availability. MM will use commercially reasonable efforts to ensure both the MM website interface and hosted miners are available and online at all times.
b. Force Majeure. MM shall have no liability or responsibility hereunder to the extent that its performance of any obligation is prevented or delayed by circumstances or events beyond its reasonable control, including but not limited to acts of God, theft, fire, flood, accident, widespread failure or unavailability of public utilities, primary and back-up internet or data communications facilities, labor disputes, compliance with law, regulation or court order, war, riot or terrorism.
c. Privacy. MM shall comply with applicable privacy laws and make efforts consistent with industry standards to protect any personally identifiable information (PII) requested from you. MM will not sell, rent or otherwise share your information with third parties, unless disclosure is required by applicable law or regulation or valid order of any court of competent jurisdiction or other relevant authority.6. DISCLAIMERS AND LIMITS OF LIABILITY
a. NO WARRANTIES. ALL MM MINERS, SERVICES, AND ANY OTHER MM PRODUCTS ARE PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
b. NO LIABILTY. TO THE EXTENT PERMITTED BY LAW, MM SHALL NOT BE HELD LIABILE FOR ANY DIRECT DAMAGES, LOST PROFITS OR OTHER CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, INDIRECT OR SPECIAL DAMAGES, WHETHER BASED IN CONTRACT OR TORT.