June 30, 2017
Cryptmin.com Mining Rental Agreement
I (the Customer) agree with the following terms and conditions for the provision of mining rental services (the Agreement) is made between:
1. Cryptmin.com Mining Co. Ltd., 33 Smithe Street, Vancouver, BC V6B 0B5, Canada (Service Provider); and
2. me, the Customer.
Pursuant to the terms of this Agreement, the Service Provider will make available to the Customer the mining capacity of the Service Provider.
The Service Provider agrees to provide to the Customer with the output of its mining capacity (the Services) subject to the following terms:
Available Technology: SHA-256 HashingTerm: The contract is for 1000 days.
Mining Power: available in 0.25 TH/s cloud mining rentals.
Daily Mining Output (Coins): as earned on the Blockchain
The Customer will be solely liable for the maintenance of the relevant technical equipment (software/hardware) that is required to receive the above service. The Customer will receive Coins mined in accordance with the above Mining Power and of applicable Fees as per 2.b.
The Customer also acknowledges that the above Services will be rendered on a best effort basis. The availability of the Mining Power and, accordingly, the output of Coins may vary. The Service Provider ensures that it maintains all facilities and the relevant supplies in good working order, in order to avoid any of the above volatility with the diligence that it applies in its own dealings.
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the Fee): $0.0004/GH/sec/day, deducted on a daily basis* from the generated coins.
3. Limitation of Liability
Without detriment to the Service Providers obligation to render the Services on a best effort 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 majeur which shall include any disruption or breakdown of a Coin market.
a. This Agreement is entered into for the term indicated above.
b. The Service Provider may terminate this Agreement with immediate effect if the Coins generated in the preceding 60 days do not suffice to pay the Fee under2.b above.
All communication between the Service Provider and the Customer shall be made in writing which includes e-mail and the Cryptmin Support Ticket system.
6. Data Protection
The Customer agrees to the processing of its personal data provided in the context of this Agreement for the purpose described herein and also agrees, until revocation at any time to the storage of its data beyond the above Term. Should the Service Provider be required to obtain any further data in the context of providing its services hereunder, the Customer will without undue delay provide the relevant data so required by the Service Provider
7. Representations and Warranties
The Customer represents and warrants to the Service Provider that he is familiar with mining, crypto currencies and Bitcoin in particular and that he understands the nature and uses of mining crypto currencies and Bitcoin.
The Customer further represents and warrants that he will be the beneficial owner of the Coins.
8. Governing Law, Language and Miscellaneous
a. This Agreement is governed by Canadian law. To the extent permitted by applicable law the parties agree that the competent courts of British Columbia shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with this Agreement.
b. This Agreement is made in the English language and this English language version of this Agreement shall be binding on the parties hereto and shall prevail over any translation of this Agreement.