cryptocurrency mining made easy

Terms & Conditions

INTRODUCTION

THESE TERMS OF SERVICE APPLY TO THE USE OF THE BITSTRAND MINING SERVICE AND WEBSITE LOCATED AT BITSTRAND AND ITS SUBDOMAINS. THE WEBSITE AND THE SERVICE ARE THE PROPERTY OF BITSTRAND LLC.

THESE TERMS OF SERVICE SET OUT HOW THE BITSTRAND CRYPTOCURRENCY MINING SERVICE WORKS AND DESCRIBE ANY ASSOCIATED RIGHTS AND RESPONSIBILITIES. THE BITSTRAND TERMS OF SERVICE AND ANY INSTRUCTIONS, GUIDANCE AND SIMILAR INFORMATION FOUND ON THE WEBSITE (FROM TIME TO TIME) ALSO APPLY TO HOW YOU USE THE BITSTRAND MINING SERVICE (TOGETHER THE “AGREEMENT”). BY USING THE WEBSITE AND/OR THE SERVICE, YOU AGREE TO THESE TERMS OF SERVICE; IF YOU DO NOT AGREE, DO NOT USE THE SITE AND/OR THE SERVICE.

BITSTRAND RESERVES THE RIGHT, AT ITS SOLE DISCRETION, TO AMEND, CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS OF SERVICE, AT ANY TIME. IT IS YOUR RESPONSIBILITY TO CHECK THESE TERMS PERIODICALLY FOR CHANGES. THE CURRENT VERSION OF THESE TERMS IS AVAILABLE AT HTTPS://BITSTRAND.COM. YOUR CONTINUED USE OF THE WEBSITE AND/OR THE SERVICE FOLLOWING THE PUBLISHED UPDATES TO THE TERMS WILL MEAN THAT YOU ACCEPT AND AGREE TO THE CHANGES. AS LONG AS YOU AGREE AND COMPLY WITH THESE TERMS, BITSTRAND GRANTS YOU A PERSONAL, NON-EXCLUSIVE, NON-TRANSFERABLE, LIMITED PRIVILEGE TO ENTER AND USE THE WEBSITE AND THE SERVICE.

BITSTRAND PROVIDES TECHNICAL SUPPORT, DEVELOPMENT AND MARKETING OF BITSTRAND.COM AND ITS SUBDOMAINS.

  1. ABOUT THE SERVICE, THE WEBSITE AND THESE TERMS OF SERVICE
    1.1. This is an agreement (referred to as “Terms”) between BITSTRAND LLC(also referred to in these Terms as “BITSTRAND”, “BITSTRAND”, “we”, “us” or “our”) and you (also referred to in these Terms as “Customer”, “you”, “your”), the person accessing and using the BITSTRAND mining service and accepting these Terms.
    1.2. In these Terms:
    1.2.1. a reference to “Cryptocurrency”, “Cryptocurrencies” is a reference to the distributed, decentralized peer-to-peer digital currencies:
    1.2.1.1. “Bitcoins” is a reference to a Cryptocurrency known as Bitcoin;
    1.2.1.2. “Altcoins” is a reference to all Cryptocurrencies other than Bitcoin, such as Litecoin;
    1.2.2. “Miners” are individuals who register to mine Bitcoins and/or Altcoins with BITSTRAND. If you successfully apply to administer a MINING SLOT, you will be a Miner;
    1.2.3. a “Mining Pool” is an organized association of Cryptocurrencies miners. The members of these associations work together to mine Cryptocurrencies and those Cryptocurrencies are distributed amongst the membership based on the contribution made to the mining by each member;
    1.2.4. the “Mining Hardware” is the computer hardware owned by BITSTRAND that is used to provide the Service and to mine Cryptocurrencies;
    1.2.5. “Hashrate” or “Hash rate” is the mining power of the Mining Hardware used to mine Cryptocurrencies. Hashrate is mining algorithm specific (SHA-256, Scrypt, X11 etc);
    1.2.6. “SLOT” is the processing power of the Service purchased by a Miner and administered by BITSTRAND;
    1.2.7. “Service” is BITSTRAND’s mining service, which enables individuals to mine Cryptocurrencies using our Mining Hardware;
    1.2.8. the “Support” or “Customer Support” or “Helpdesk” is the technical support service of BITSTRAND that is provided via email/ticket system, available in the BITSTRAND knowledge base/FAQ at http://BITSTRAND.COM where Customers can find answers to general questions and request assistance by submitting a request;
    1.2.9. the “Panel” is the graphical user interface of the Service;
    1.2.10. the “Website” is BITSTRAND and any apps, software, emails or other websites which we use to provide the services of BITSTRAND (which includes the Service);
    1.2.11. a “Payout” is the periodic deposit to your Balance, dependent on your SLOT. BITSTRAND may change the periodicity of Payouts at any time, however the payout period has been established as quarterly payments to customers;
    1.2.12. “Fees” are maintenance and electricity fees, that are paid by Bitstrand;
    1.2.13. “Account” is your personal access to the Service, described further in section 6;
    1.2.14. “Balance” is your personal Account balance;
    1.2.15. a “Contract” is the access to a SLOT of specific Hash rate;
    1.2.16. a “Contract Term” is the period of time for which a Miner has agreed to participate in a SLOT, by default, BITSTRAND provides three-year Contracts that expire on the 36 month following the start of Mining;
    1.2.17. “Hold” is the state an Account can be placed as a security measure;
    1.2.18. a “Pre-order” is a Contract with a start date in the future. Start date is estimated and is subject to change;
    1.2.19. the “Referral Program” or “Partner Program” is the functionality that allows a Customer to receive financial rewards for Contracts purchased by other Customers;
    1.2.20. a “Referral Code” is an alphanumerical sequence (at least 6 characters long) that is linked to a Customer’s Account;
    1.2.21. a “Referral Link” is the URL with a Referral Code, that allows a new Customer to register with BITSTRAND;
    1.2.22. a “Referral” is a Customer who registered by using another Customer’s Referral Link;
    1.2.23. a “Referrer” is a Customer who had another Customer register using their Referral Link;
    1.2.24. a “Referral Purchase” or “Referred Purchase” is a purchase made by a Referral;
    1.2.25. a “Referral Bonus” is the reward a Referrer receives for a Referral Purchase;
    1.2.26. an “Affiliate Network” is a third-party website that allows any person (with or without a BITSTRAND Account) to receive financial rewards for BITSTRAND Contracts purchased by referred Customers.
    1.3. These Terms apply to any mining you undertake by using the Service and Website and they form a legal agreement between you and BITSTRAND on the acceptance of your application for an Account (as set out below).
    1.4. If there is ever a conflict between these terms of service and the BITSTRAND terms of use or the instructions, guidance and similar information found on the Website, these terms of service will take priority.
    1.5. IT IS NOT POSSIBLE FOR US TO STATE DEFINITIVELY HOW MANY BITCOINS, LITECOINS AND/OR ANY OTHER CRYPTOCURRENCY UNITS WILL BE MINED BY ANY MINER AND/OR SPECIFIC SLOT.
    1.6. By applying to register as a Miner you are confirming that you understand and accept (and are able to understand and accept) these terms of service and that you agree that you will be bound by them. You should regularly check the Website for changes to the terms of service, instructions, guidance and similar information found on the Website.
    1.7. You may only apply to register as a Miner if:
    1.7.1. you are 18 years old or over; and
    1.7.2. it is lawful for you to do so.
    1.8. To register as a Miner, we may require you to provide us with identification or other documentation in order to help us prevent fraud or money laundering. This may include photographic identification and a recent proof of address. We may also undertake our own identity, fraud and credit checks.
    1.9. It is forbidden for Miners to visit the Website or use the Service through anonymous proxies (such as Tor) and other services or technologies that hide the real internet connection of the user.
  1. RISK NOTICE
    2.1. Actions with Cryptocurrencies carry inherent risks. Due to the fact that Cryptocurrencies are unregulated and decentralized, their value is not insured by any legal entities. The value of any Contract, any amount of any Cryptocurrency is subject to change by BITSTRAND due to a number of factors out of BITSTRAND’s control. These factors include but are not limited to changes of mining difficulty and/or other mining parameters/properties, fluctuating price (in fiat currency to Cryptocurrency exchange rate, such as USD/BTC) of Cryptocurrencies, obsolescence of hardware and amortization of hardware. You understand and agree that the worth of any Contact and any amount of mined Cryptocurrency may lose all worth at any moment of time due to the nature of Cryptocurrencies. You understand that you are solely responsible for management of the Cryptocurrencies in your balance as well as any losses or charges incurred by any third-party entity.
    2.2. Any information related to Cryptocurrency and Cryptocurrency mining that is/was posted, published and/or provided by BITSTRAND via any channel of communication (including but not limited to: on the Website, in the Panel, via the Support Service, via Email newsletter, in social media) is subject to change.
  1. CRYPTOCURRENCIES
    3.1. You must not mine, buy, sell, exchange, hold, own or otherwise use or exploit Cryptocurrencies in any way which is prohibited by the laws or regulations which apply to you.
    3.2. Cryptocurrencies may not be appropriate for everyone. Before mining any Cryptocurrencies you should learn about them to ensure that they are appropriate for you. Like all currencies, there are disadvantages to using Cryptocurrencies. Some of the risks particular to Cryptocurrencies include:
    3.2.1. currency fluctuation – the price of Bitcoin and/or any other Cryptocurrency may fall sharply and may even fall to zero;
    3.2.2. transactions with Cryptocurrencies may be unconfirmed for a period of time. Although very unlikely, some Cryptocurrency transactions may never be confirmed – Cryptocurrency transactions which are unconfirmed are not completed;
    3.2.3. transactions with Cryptocurrencies are irreversible – if you send any amount of any Cryptocurrency to the wrong person, you may be unable to recover those funds;
    3.2.4. Cryptocurrencies may be lost if you lose or forget any PINs or passwords necessary to access and spend those Cryptocurrencies;
    3.2.5. unknown technical defects inherent in Cryptocurrencies; and
    3.2.6. new regulation which impacts the use of Cryptocurrencies.
    3.3. By agreeing to these terms of service or by mining Cryptocurrencies by using the Service, you are indicating that you understand, are capable of understanding and accept the risks associated with Cryptocurrencies.
  1. REGISTRATION
    4.1. By applying to register, you are making an offer to enter an agreement on these terms of service. Once submitted, you may not withdraw your offer.
    4.2. Only we can decide whether applications will be accepted. If your application is accepted, a legal and enforceable agreement will be entered between you and us. Subject to any statutory rights you may have, you may not cancel the agreement covered by these terms of service and you will not be eligible for any refund.
  1. CONTRACT TERM AND MINING TERM
    5.1. These Terms of Service are valid indefinitely, even after Account termination.
    5.2. The Contract Term for BITSTRAND SLOTs is limited to a three year term by default, unless stated otherwise. The Contract is valid while profitable, until expired or until terminated (refer to section 13), whichever comes first.
    5.3. Contracts with a stated expiry date will end on the date of expiry and the SLOT is stopped.
    5.4. Pre-order Contracts that are not activated immediately on purchase will activate on the stated date.
    5.5. The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of BITSTRAND’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
    5.6. BITSTRAND reserves the right to change the launch date of any Contract.
  1. ACCOUNT
    6.1. To register you will need to submit some personal information, a valid email address. To be able to withdraw funds you will need to enter at least one wallet for the Cryptocurrency you are mining. The Account may allow you to add more than one Cryptocurrency wallet. For the cash option, we will obtain your information to send US dollars directly to you or your bank account.
    6.2. You must ensure that all information about you that is held by us is true, complete, not misleading and up to date.
    6.3. The Username and Password will be allocated to you if you successfully apply for registration as a Miner.
    6.4. You will need your Username and Password to access some parts of the Website. Your Username and Password are personal to you and must not be disclosed to any other person.
    6.5. A customer may obtain more than one SLOT if available.
    6.6. When you register, you may submit an order to administer a SLOT. Only BITSTRAND can decide whether orders will be successful and acceptance is subject to availability, amongst other things.
    6.7. Your order is a request to acquire a Contract from us and does not represent a formed contract. If we accept your order, we will associate your Contract with your Account. Until then, an order is considered pending and BITSTRAND reserves the right to decline your payment.
    6.8. Confirmation of your order will be made by email, which will also contain an estimated commencement date for the Contract. The confirmed commencement date of the Contract will be notified to you in a subsequent email. We cannot say how long it will take to confirm the commencement date of the Contract.
    6.9. Subject to the payment of any fees which may be applied, Miners will be able to receive Cryptocurrencies on the basis of the processing power of the SLOT and the period of time for which the SLOT is mining. Miners will only be able to administer the SLOT during the Contract Term. Those Cryptocurrencies will be transferred to your wallet upon your request, if such request is confirmed.
    6.10. If you lose access to your Account, BITSTRAND may ask you to provide certain types of data, including personally identifiable information, to determine ownership of the Account. This may include, but is not limited to: proof of identity; proof of residence; proof of telephone number/email ownership and any identifiable activity on the Website, such as transaction IDs, order numbers, withdrawal amounts and others.
  1. USE OF YOUR ACCOUNT
    7.1. You may only mine Cryptocurrencies for your own benefit. By using the Website and/or the Service you confirm that you are not acting for the benefit of any other person or entity.
    7.2. We are entitled to assume that any use of your Account is made by you. You are solely responsible and liable for any use of the Website or the Service under your Account or any other use of your Username and Password.
    7.3. If you forget your Username or Password, you can use the password recovery option or contact Support.
    7.4. DO NOT SHARE YOUR PASSWORD WITH ANY OTHER PERSON OR ALLOW ANY OTHER PERSON TO USE YOUR ACCOUNT. WE ARE NOT LIABLE FOR ANY IMPROPER USE OF YOUR PASSWORD OR ACCOUNT BY YOU OR ANY OTHER PERSON. IF YOU HAVE REASONS TO ASSUME THAT ANY OTHER PERSON KNOWS YOUR PASSWORD, OR THAT YOUR ACCOUNT HAS BEEN USED BY ANY OTHER PERSON, YOU MUST INFORM US IMMEDIATELY.
  1. RESTRICTIONS AND OBLIGATIONS
    8.1. You agree to comply with all applicable laws and regulations, these terms of service and all rules applicable to the use of the Website and the Service.
    8.2. You agree not to falsely describe or otherwise misrepresent yourself in any dealings with BITSTRAND.
    8.3. You are not allowed to abuse any campaigns, discounts, referral bonuses and/or referral systems, provided from time to time by BITSTRAND and/or its partners.
    8.4. You are not allowed to use any means to mask your internet traffic and IP address (such as Proxy, Tor, VPN and others).
    8.5. Multi-Level Marketing (MLM) and/or High-Yield Investment Projects (HYIP) systems are forbidden from providing any services to their users or partners based on BITSTRAND and/or BITSTRAND, including but not limited to BITSTRAND and/or BITSTRAND Products and/or Services.
    8.6. You are strictly forbidden to use or exploit errors in design of the Website, the Service and/or all and any of their parts, features which have not been documented, and/or “program bugs” for commercial/personal gain or as means to disrupt and/or destabilize the Service and/or the Website. If you encounter such an error by accident, you are required to report your findings to support@BITSTRAND.com.
  1. ADMINISTRATION OF MINING 
    9.1. During the Contract Term you can use the Website to:
    9.1.1. amend or update your registration and contact details;
    9.1.2. with the help of customer support change the login email address;
    9.1.4. change some parameters of the mining of your SLOT; and
    9.1.5. change your cryptocurrency-specific wallet addresses.
    9.2. Subject to payment and additional Fees in advance, you can use the Website to:
    9.2.1. add a new SLOT; and
    9.2.2. increase the processing power of your SLOT.
  1. FEES
    10.1. We provide a platform which enables individuals to mine cryptocurrencies using our Mining Hardware. In return, we take a percentage of the mined coin for maintenance and electricity fees (“Fees”) that are devised from the usage of electricity as well as the cost of maintenance of the said hardware. The maintenance costs of running the equipment include but are not limited to: hardware setup, data center rent, Mining Pool testing, staff salaries, future planning and proofing, software development, exchange of used and out of order parts and other expenditures required to render the service on a best-effort basis.
  1. LIABILITY
    11.1. We provide and maintain the Website and the Service on an “AS IS” and “AS AVAILABLE” basis and we are liable only to provide our services with reasonable skill and care.
    11.2. We give no other warranty in connection with the Website or the Service and we disclaim all liability for:
    11.2.1. to the extent allowed by these Terms and without affecting any other clauses within Section 11, that may apply, accuracy, currency or validity of information and material contained within and/or provided by the Website, the Panel, the Support Service, in email newsletters and social media. You hereby agree, that no radio, computer and internet communication equipment is completely free of fault, occasional technical disruptions may affect the service and so can human error, which may result in misrepresentation of content or miscommunication;
    11.2.2. any change in the exchange rate of Bitcoins or any other Cryptocurrency;
    11.2.3. any change in the difficulty of mining;
    11.2.4. any changes in applicable law or regulation, or the acts of any legislator or regulator in any part of the world;
    11.2.5. any interruptions to or error of the Website or the Service or other communications network;
    11.2.6. the infringement by any other person of any copyright or other intellectual property rights of any third party through any User Content or use of the Website or the Service;
    11.2.7. the availability, quality, content or nature of External Sites;
    11.2.8. any amount or kind of loss or damage due to viruses or other malicious software that may infect a user’s computer equipment, software, data or other property caused by any other person accessing, using or downloading the Website, the Service or any User Content; and
    11.2.9. all representations, warranties, conditions and other terms and conditions which, but for this notice, would have effect.
    11.3. We will not be liable in any amount for failure to perform any obligation under these terms of service if that failure is caused by the occurrence of an event beyond our reasonable control.
    11.4. Except as provided above there are no other warranties, conditions or other terms and conditions, express or implied, statutory or otherwise, and all of those terms and conditions are hereby excluded to the maximum extent permitted by law.
    11.5. To the maximum extent permitted by law, we exclude liability for any losses or damages which you may suffer, whether the same are suffered directly or indirectly or are immediate or consequential, which fall within any of the following categories:
    11.5.1. special damage even though that party was aware of the circumstances in which such special damage could arise;
    11.5.2. loss of anticipated savings;
    11.5.3. loss of business opportunity and management time;
    11.5.4. loss of goodwill;
    11.5.5. loss of Cryptocurrency arising as a result of any of your acts or omissions of those of any third party;
    11.5.5.1. loss arising out of or in connection with:
    11.5.5.2. any defect or insecurity in any systems you use to store or transmit Cryptocurrency or to access or use the Website or the Service ;
    11.5.5.3. any inaccurate or incomplete information you provide, including Cryptocurrency wallet addresses;
    11.5.5.4. any changes to the amount of Cryptocurrency awarded to Miners;
    11.5.5.5. any changes to the regulatory, legislative or technical environment applicable to Cryptocurrencies;
    11.5.5.6. the acts or omissions of any bank or provider of banking services; or
    11.5.5.7. any change in the value of Cryptocurrency howsoever arising (including as a result of the acts or omissions of BITSTRAND).
    11.6. To the maximum extent permitted by law, our aggregate liability in respect of any claims made in connection with or arising out of the use of the Website or the Service (whether in contract, tort (including negligence), breach of statutory duty, or otherwise) for direct losses will be limited to the Fees.
    11.7. You agree not to use the Website or the Service in any way which:
    11.7.1. is unlawful;
    11.7.2. may give rise to civil or criminal liability for BITSTRAND; or
    11.7.3. may bring BITSTRAND into disrepute.
    11.8. You hereby agree to indemnify, defend and hold us and our officers, directors, owners, agents, information providers, affiliates, licensors and licensees (collectively, the “Indemnified Parties”) harmless from and against any and all liability and costs (including reasonable legal fees) incurred by the Indemnified Parties in connection with any claim arising out of:
    11.8.1. any fraud or fraudulent misrepresentation you commit;
    11.8.2. any inaccuracy or defect of any of the information you have provided to us;
    11.8.3. any breach of applicable law or regulation you commit;
    11.8.4. any other person’s use of your Account;
    11.8.5. any breach by you of these terms of service; and
    11.8.6. third party claims arising from your use of the Website or the Service, any of Your Content or any use of your Account (whether or not such use was by you).
    11.9. You shall cooperate with us in the defense of any claim. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you.
  2. PAYOUTS
    12.1 Client will receive Quarterly Calendar payouts. For example, if you Pre-order before our launch date of 4/1/2018 and your order is received and approved by March 15, 2018, you will start mining on 4/1/2018. The first payout will be at the end of that current Quarter or 7/1/2018. Client will have the option of receiving $2,500 per Quarterly payout for the three-year term or receiving the coin that was mined by their selection. Client will determine which method of payment at sign-up. Coins would be transferred to Client’s wallet on 7/1/2018. Clients requesting the $2,500 quarterly payout will receive their payment in cash via mailed check or ACH, within 15 days of the end of the Quarter. Payments will continue similarly each Quarter for the three-year term.
    12.2 When a Client signs up after a Quarter has already begun, they will start mining the first day of the next Quarter, so long as they sign up at least 15 days prior to the start of a new Quarter. The start of each Quarter is January 1, April 1, July 1, October 1 of each calendar year.
  1. BREACH, SUSPENSION AND TERMINATION
    13.1. Without limiting any other rights we have, we may suspend or terminate access to your Account, the Website and/or the Service, nullify your Account Balance and/or hold the ability to withdraw mined funds if you breach any of these Terms of Service.
    13.2. If we have grounds to suspect that you are using the Website or the Service fraudulently or improperly, we will suspend your Account until you are able to demonstrate to our satisfaction:
    13.2.1. your identity; and
    13.2.2. that no fraud or impropriety has occurred or been attempted.
    13.3. We will try to give you reasonable notice of any anticipated termination of the Website or the Service.
    13.4. If you become aware of or suspect another user or Miner’s breach of these terms of service, or any fraud or impropriety by another user, you must contact us immediately.
    13.5. In case of any Credit Card purchase (refer to section 14.2.6.) BITSTRAND has the right to place the Customer’s Account on Hold (hold the ability to withdraw any mined funds from the Customer’s Account Balance) for a period of up to 30 days as a security measure of anti-fraud related regulations and policies.
  1. PAYMENT TERMS, ORDER CANCELLATION, ORDER CHANGES AND ORDER REFUNDS
    14.1. All invoices are issued in USD (United States dollar) by default. Payments performed in any other currency must account for the exchange rate of said currency to USD at the moment of invoice generation and any commissions for currency exchange.
    14.2. A Customer is able to purchase a Contract using a variety of payment methods:
    14.2.1. Certified or Cashier’s Check;
    14.2.2. Wire Transfer ($25 wire transfer fee added);
    14.2.3. Cash;
    14.3. BITSTRAND provides the destination account for all payment methods (except Balance and Reinvest purchases). In order to confirm the purchase and activate the Contract, the Customer is required to transfer the amount stated on the BITSTRAND invoice page (for Wire transfers) or on the third-party payment page (all payment methods with third-party processing systems).
    14.4. A Customer is solely responsible for the accuracy of payment, including but not limited to: the destination account, transferable amount and payment details:
    14.4.1. If the transferred amount is below requested, BITSTRAND reserves the right, at its sole discretion, to adjust the Contract accordingly to received funds or request the missing amount to be paid, before activating the Contract.
    14.5.. BITSTRAND is not obliged to proactively resolve payment related issues without a claim submitted by the Customer.
    14.6. In case of payment related issues a claim must be raised:
    14.6.1. A Customer has the right to raise a payment related claim/dispute by contacting support within 14 days from the creation of payment with proof of payment. Requests submitted after 14 days may not be processed.
    14.6.2. BITSTRAND reserves the right to request proof of payment, if there are suspicions or facts the payment was not received but the Contract was activated. The Customer is obliged to provide proof of payment within 14 days of reception of such request.
    14.6.3. Proof of payment includes but is not limited to: BITSTRAND order number, unique transaction ID or number, destination account, transferred amount, account statement from the payment system used.
    14.6.4. If proof of payment is not provided within 14 days or provided proof is deemed insufficient and/or invalid:
    14.6.5.1. if the claim was initiated by a Customer: BITSTRAND reserves the right to decline Customer’s claim(s);
    14.6.5.2. if the claim was initiated by BITSTRAND: BITSTRAND reserves the right to adjust/cancel related Contracts and adjust Customer’s Account Balance by amounts mined by related Contract.
    14.7. BITSTRAND reserves the right to switch and/or change any purchased Contract’s Hashrate type and amount at any time. The change of Contract Hashrate type will account for the current market price and BITSTRAND will attempt, if possible, not to reduce the total value of the Contract being changed. This means, in the event of forced hashrate type change (such as SHA-256 to Scrypt) BITSTRAND will attempt, if possible, to provide the substitution Contract of equal or greater total value than that of the initial Contract, according to the market price at the moment of change.
    14.8. Unless otherwise provided by law or by a particular offer, all purchases are final and non-refundable. BITSTRAND reserves the right to issue refunds at BITSTRAND’s sole discretion. If we issue a refund, we are under no obligation to issue the same or similar refund in the future. This refund policy does not affect any statutory rights that may apply.
    14.9. In the case of a refund:
    14.9.1. Customer will receive a reimbursement of spent funds to start the service, unless any funds were withdrawn from Customer’s Account Balance. If any amount was successfully withdrawn from the Account Balance, no refund requests will be processed on said Account.
    14.9.2. BITSTRAND has the right to nullify or deduct any Hashrate and/or funds mined by the Hashrate of the refunded purchase from the Customer’s Account Balance as well as any funds provided as a Referral Bonus for the refunded purchase from the Referrer’s Account Balance.
    14.9.3. BITSTRAND is not obliged to reimburse any funds spent for the Maintenance and Electricity Fees.
    14.10. In the case of any return of overpaid funds or refund, BITSTRAND may charge a processing fee, dependent on the payment system used. The amount of the processing fee is subject to change:
    14.10.1. Bitcoin transfer: 0.005 BTC
  1. REFERRAL PROGRAM
    15.1. FUTURE PROGRAM
  1. COMMUNICATIONS
    16.1. The Website may enable the display of third party content (“User Content”).
    16.2. Although we are not obliged to do so, we may remove or reject any User Content.
    16.3. You agree that we may process and store any content you submit to the Website (“Your Content”).
    16.4. You may be able to send Your Content to other Miners of the Website, and other Miners of the Website may be able to send User Content to you.
    16.5. You agree to the distribution of Your Content by us both internally and externally. Therefore, you should ensure that Your Content does not contain information, which you intend to keep confidential or private.
    16.6. By making available, posting or transmitting Your Content to the Website, you are granting us a non-exclusive, transferable, sublicensable, royalty-free, irrevocable, perpetual worldwide license to use and exploit Your Content for any purpose.
    16.7. You agree that you are entitled to make available, post or transmit Your Content to the Website.
    16.8. You will not make available, post or transmit to the Website any statement, material or other content, nor use the Website in any way, that:
    16.8.1. is unlawful or may give rise to civil or criminal liability;
    16.8.2. infringes any copyright or other intellectual property rights of any third party;
    16.8.3. infringes any third party’s rights of privacy or rights of publicity;
    16.8.4. includes any computer virus or other malicious software;
    16.8.5. is abusive, pornographic, defamatory, discriminatory or obscene;
    16.8.6. harasses any other person;
    16.8.7. interferes with another user’s use and enjoyment of the Website;
    16.8.8. impersonates any moderator, administrator or any staff or any other person connected with BITSTRAND;
    16.8.9. contains the confidential information of any other person;
    16.8.10. solicits passwords or personal information;
    16.8.11. contains video, photographs, or images of any other person without his or her permission (or in the case of a minor, the minor’s legal guardian);
    16.8.12. exploits any other person;
    16.8.13. we consider inappropriate; or
    16.8.14. encourages or provokes any other person to do any of the acts listed above.
    16.9. The Website may provide means by which you can communicate with us. We will communicate with you at the email address you have provided or through other means of communication that may be provided by the Website. Notices that are applicable to all our Miners shall be made available on the Website publicly. You will be deemed to have received a notice at the time the email is sent or the time the notice is posted on the Website. We will be deemed to have received a notice when we issue a confirmation to you.
    16.10. All emails (or other messages) we send are intended for the addressee only.
  1. GENERAL
    17.1. These terms of service are subject to your statutory and common law consumer rights and will not limit any rights you might have that cannot be excluded under applicable law. These terms of service will not exclude or limit our liability for death or personal injury resulting from our negligence nor any fraudulent acts or representations or for any statutory liability not capable of limitation.
    17.2. We may deduct any monies you owe us from any monies we owe you.
    17.3. These terms of service, together with the terms of use, privacy policy and any instructions, guidance and similar information found on the Website (from time to time), constitute the entire agreement between you and BITSTRAND relating to your use of the Website and the Service and mining through the Website or the Service, to the exclusion of any other terms.
    17.4. Our failure to enforce any term does not constitute our waiver of that term.
    17.5. If any part of these Terms is found to be unenforceable, it will be amended to the minimum extent necessary to make it enforceable and the remainder of the provisions will remain in full force and effect.
    17.6. No representation or warranty is made as to whether the Website or the Service complies with the laws of any jurisdiction other than the United States of America.
    17.7. BITSTRAND will be entitled to assign and otherwise transfer the agreement covered by these terms of service by giving you reasonable notice, which may include notice given via the Website.
    17.8. All questions, comments or complaints should be directed to us via Customer Support and we will try to respond to within 48 hours.

cryptocurrency mining made easy

Terms & Conditions

INTRODUCTION

THESE TERMS OF SERVICE APPLY TO THE USE OF THE BITSTRAND MINING SERVICE AND WEBSITE LOCATED AT BITSTRAND AND ITS SUBDOMAINS. THE WEBSITE AND THE SERVICE ARE THE PROPERTY OF BITSTRAND LLC.

THESE TERMS OF SERVICE SET OUT HOW THE BITSTRAND CRYPTOCURRENCY MINING SERVICE WORKS AND DESCRIBE ANY ASSOCIATED RIGHTS AND RESPONSIBILITIES. THE BITSTRAND TERMS OF SERVICE AND ANY INSTRUCTIONS, GUIDANCE AND SIMILAR INFORMATION FOUND ON THE WEBSITE (FROM TIME TO TIME) ALSO APPLY TO HOW YOU USE THE BITSTRAND MINING SERVICE (TOGETHER THE “AGREEMENT”). BY USING THE WEBSITE AND/OR THE SERVICE, YOU AGREE TO THESE TERMS OF SERVICE; IF YOU DO NOT AGREE, DO NOT USE THE SITE AND/OR THE SERVICE.

BITSTRAND RESERVES THE RIGHT, AT ITS SOLE DISCRETION, TO AMEND, CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS OF SERVICE, AT ANY TIME. IT IS YOUR RESPONSIBILITY TO CHECK THESE TERMS PERIODICALLY FOR CHANGES. THE CURRENT VERSION OF THESE TERMS IS AVAILABLE AT HTTPS://BITSTRAND.COM. YOUR CONTINUED USE OF THE WEBSITE AND/OR THE SERVICE FOLLOWING THE PUBLISHED UPDATES TO THE TERMS WILL MEAN THAT YOU ACCEPT AND AGREE TO THE CHANGES. AS LONG AS YOU AGREE AND COMPLY WITH THESE TERMS, BITSTRAND GRANTS YOU A PERSONAL, NON-EXCLUSIVE, NON-TRANSFERABLE, LIMITED PRIVILEGE TO ENTER AND USE THE WEBSITE AND THE SERVICE.

BITSTRAND PROVIDES TECHNICAL SUPPORT, DEVELOPMENT AND MARKETING OF BITSTRAND.COM AND ITS SUBDOMAINS.

  1. ABOUT THE SERVICE, THE WEBSITE AND THESE TERMS OF SERVICE
    1.1. This is an agreement (referred to as “Terms”) between BITSTRAND LLC(also referred to in these Terms as “BITSTRAND”, “BITSTRAND”, “we”, “us” or “our”) and you (also referred to in these Terms as “Customer”, “you”, “your”), the person accessing and using the BITSTRAND mining service and accepting these Terms.
    1.2. In these Terms:
    1.2.1. a reference to “Cryptocurrency”, “Cryptocurrencies” is a reference to the distributed, decentralized peer-to-peer digital currencies:
    1.2.1.1. “Bitcoins” is a reference to a Cryptocurrency known as Bitcoin;
    1.2.1.2. “Altcoins” is a reference to all Cryptocurrencies other than Bitcoin, such as Litecoin;
    1.2.2. “Miners” are individuals who register to mine Bitcoins and/or Altcoins with BITSTRAND. If you successfully apply to administer a MINING SLOT, you will be a Miner;
    1.2.3. a “Mining Pool” is an organized association of Cryptocurrencies miners. The members of these associations work together to mine Cryptocurrencies and those Cryptocurrencies are distributed amongst the membership based on the contribution made to the mining by each member;
    1.2.4. the “Mining Hardware” is the computer hardware owned by BITSTRAND that is used to provide the Service and to mine Cryptocurrencies;
    1.2.5. “Hashrate” or “Hash rate” is the mining power of the Mining Hardware used to mine Cryptocurrencies. Hashrate is mining algorithm specific (SHA-256, Scrypt, X11 etc);
    1.2.6. “SLOT” is the processing power of the Service purchased by a Miner and administered by BITSTRAND;
    1.2.7. “Service” is BITSTRAND’s mining service, which enables individuals to mine Cryptocurrencies using our Mining Hardware;
    1.2.8. the “Support” or “Customer Support” or “Helpdesk” is the technical support service of BITSTRAND that is provided via email/ticket system, available in the BITSTRAND knowledge base/FAQ at http://BITSTRAND.COM where Customers can find answers to general questions and request assistance by submitting a request;
    1.2.9. the “Panel” is the graphical user interface of the Service;
    1.2.10. the “Website” is BITSTRAND and any apps, software, emails or other websites which we use to provide the services of BITSTRAND (which includes the Service);
    1.2.11. a “Payout” is the periodic deposit to your Balance, dependent on your SLOT. BITSTRAND may change the periodicity of Payouts at any time, however the payout period has been established as quarterly payments to customers;
    1.2.12. “Fees” are maintenance and electricity fees, that are paid by Bitstrand;
    1.2.13. “Account” is your personal access to the Service, described further in section 6;
    1.2.14. “Balance” is your personal Account balance;
    1.2.15. a “Contract” is the access to a SLOT of specific Hash rate;
    1.2.16. a “Contract Term” is the period of time for which a Miner has agreed to participate in a SLOT, by default, BITSTRAND provides three-year Contracts that expire on the 36 month following the start of Mining;
    1.2.17. “Hold” is the state an Account can be placed as a security measure;
    1.2.18. a “Pre-order” is a Contract with a start date in the future. Start date is estimated and is subject to change;
    1.2.19. the “Referral Program” or “Partner Program” is the functionality that allows a Customer to receive financial rewards for Contracts purchased by other Customers;
    1.2.20. a “Referral Code” is an alphanumerical sequence (at least 6 characters long) that is linked to a Customer’s Account;
    1.2.21. a “Referral Link” is the URL with a Referral Code, that allows a new Customer to register with BITSTRAND;
    1.2.22. a “Referral” is a Customer who registered by using another Customer’s Referral Link;
    1.2.23. a “Referrer” is a Customer who had another Customer register using their Referral Link;
    1.2.24. a “Referral Purchase” or “Referred Purchase” is a purchase made by a Referral;
    1.2.25. a “Referral Bonus” is the reward a Referrer receives for a Referral Purchase;
    1.2.26. an “Affiliate Network” is a third-party website that allows any person (with or without a BITSTRAND Account) to receive financial rewards for BITSTRAND Contracts purchased by referred Customers.
    1.3. These Terms apply to any mining you undertake by using the Service and Website and they form a legal agreement between you and BITSTRAND on the acceptance of your application for an Account (as set out below).
    1.4. If there is ever a conflict between these terms of service and the BITSTRAND terms of use or the instructions, guidance and similar information found on the Website, these terms of service will take priority.
    1.5. IT IS NOT POSSIBLE FOR US TO STATE DEFINITIVELY HOW MANY BITCOINS, LITECOINS AND/OR ANY OTHER CRYPTOCURRENCY UNITS WILL BE MINED BY ANY MINER AND/OR SPECIFIC SLOT.
    1.6. By applying to register as a Miner you are confirming that you understand and accept (and are able to understand and accept) these terms of service and that you agree that you will be bound by them. You should regularly check the Website for changes to the terms of service, instructions, guidance and similar information found on the Website.
    1.7. You may only apply to register as a Miner if:
    1.7.1. you are 18 years old or over; and
    1.7.2. it is lawful for you to do so.
    1.8. To register as a Miner, we may require you to provide us with identification or other documentation in order to help us prevent fraud or money laundering. This may include photographic identification and a recent proof of address. We may also undertake our own identity, fraud and credit checks.
    1.9. It is forbidden for Miners to visit the Website or use the Service through anonymous proxies (such as Tor) and other services or technologies that hide the real internet connection of the user.
  1. RISK NOTICE
    2.1. Actions with Cryptocurrencies carry inherent risks. Due to the fact that Cryptocurrencies are unregulated and decentralized, their value is not insured by any legal entities. The value of any Contract, any amount of any Cryptocurrency is subject to change by BITSTRAND due to a number of factors out of BITSTRAND’s control. These factors include but are not limited to changes of mining difficulty and/or other mining parameters/properties, fluctuating price (in fiat currency to Cryptocurrency exchange rate, such as USD/BTC) of Cryptocurrencies, obsolescence of hardware and amortization of hardware. You understand and agree that the worth of any Contact and any amount of mined Cryptocurrency may lose all worth at any moment of time due to the nature of Cryptocurrencies. You understand that you are solely responsible for management of the Cryptocurrencies in your balance as well as any losses or charges incurred by any third-party entity.
    2.2. Any information related to Cryptocurrency and Cryptocurrency mining that is/was posted, published and/or provided by BITSTRAND via any channel of communication (including but not limited to: on the Website, in the Panel, via the Support Service, via Email newsletter, in social media) is subject to change.
  1. CRYPTOCURRENCIES
    3.1. You must not mine, buy, sell, exchange, hold, own or otherwise use or exploit Cryptocurrencies in any way which is prohibited by the laws or regulations which apply to you.
    3.2. Cryptocurrencies may not be appropriate for everyone. Before mining any Cryptocurrencies you should learn about them to ensure that they are appropriate for you. Like all currencies, there are disadvantages to using Cryptocurrencies. Some of the risks particular to Cryptocurrencies include:
    3.2.1. currency fluctuation – the price of Bitcoin and/or any other Cryptocurrency may fall sharply and may even fall to zero;
    3.2.2. transactions with Cryptocurrencies may be unconfirmed for a period of time. Although very unlikely, some Cryptocurrency transactions may never be confirmed – Cryptocurrency transactions which are unconfirmed are not completed;
    3.2.3. transactions with Cryptocurrencies are irreversible – if you send any amount of any Cryptocurrency to the wrong person, you may be unable to recover those funds;
    3.2.4. Cryptocurrencies may be lost if you lose or forget any PINs or passwords necessary to access and spend those Cryptocurrencies;
    3.2.5. unknown technical defects inherent in Cryptocurrencies; and
    3.2.6. new regulation which impacts the use of Cryptocurrencies.
    3.3. By agreeing to these terms of service or by mining Cryptocurrencies by using the Service, you are indicating that you understand, are capable of understanding and accept the risks associated with Cryptocurrencies.
  1. REGISTRATION
    4.1. By applying to register, you are making an offer to enter an agreement on these terms of service. Once submitted, you may not withdraw your offer.
    4.2. Only we can decide whether applications will be accepted. If your application is accepted, a legal and enforceable agreement will be entered between you and us. Subject to any statutory rights you may have, you may not cancel the agreement covered by these terms of service and you will not be eligible for any refund.
  1. CONTRACT TERM AND MINING TERM
    5.1. These Terms of Service are valid indefinitely, even after Account termination.
    5.2. The Contract Term for BITSTRAND SLOTs is limited to a three year term by default, unless stated otherwise. The Contract is valid while profitable, until expired or until terminated (refer to section 13), whichever comes first.
    5.3. Contracts with a stated expiry date will end on the date of expiry and the SLOT is stopped.
    5.4. Pre-order Contracts that are not activated immediately on purchase will activate on the stated date.
    5.5. The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of BITSTRAND’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
    5.6. BITSTRAND reserves the right to change the launch date of any Contract.
  1. ACCOUNT
    6.1. To register you will need to submit some personal information, a valid email address. To be able to withdraw funds you will need to enter at least one wallet for the Cryptocurrency you are mining. The Account may allow you to add more than one Cryptocurrency wallet. For the cash option, we will obtain your information to send US dollars directly to you or your bank account.
    6.2. You must ensure that all information about you that is held by us is true, complete, not misleading and up to date.
    6.3. The Username and Password will be allocated to you if you successfully apply for registration as a Miner.
    6.4. You will need your Username and Password to access some parts of the Website. Your Username and Password are personal to you and must not be disclosed to any other person.
    6.5. A customer may obtain more than one SLOT if available.
    6.6. When you register, you may submit an order to administer a SLOT. Only BITSTRAND can decide whether orders will be successful and acceptance is subject to availability, amongst other things.
    6.7. Your order is a request to acquire a Contract from us and does not represent a formed contract. If we accept your order, we will associate your Contract with your Account. Until then, an order is considered pending and BITSTRAND reserves the right to decline your payment.
    6.8. Confirmation of your order will be made by email, which will also contain an estimated commencement date for the Contract. The confirmed commencement date of the Contract will be notified to you in a subsequent email. We cannot say how long it will take to confirm the commencement date of the Contract.
    6.9. Subject to the payment of any fees which may be applied, Miners will be able to receive Cryptocurrencies on the basis of the processing power of the SLOT and the period of time for which the SLOT is mining. Miners will only be able to administer the SLOT during the Contract Term. Those Cryptocurrencies will be transferred to your wallet upon your request, if such request is confirmed.
    6.10. If you lose access to your Account, BITSTRAND may ask you to provide certain types of data, including personally identifiable information, to determine ownership of the Account. This may include, but is not limited to: proof of identity; proof of residence; proof of telephone number/email ownership and any identifiable activity on the Website, such as transaction IDs, order numbers, withdrawal amounts and others.
  1. USE OF YOUR ACCOUNT
    7.1. You may only mine Cryptocurrencies for your own benefit. By using the Website and/or the Service you confirm that you are not acting for the benefit of any other person or entity.
    7.2. We are entitled to assume that any use of your Account is made by you. You are solely responsible and liable for any use of the Website or the Service under your Account or any other use of your Username and Password.
    7.3. If you forget your Username or Password, you can use the password recovery option or contact Support.
    7.4. DO NOT SHARE YOUR PASSWORD WITH ANY OTHER PERSON OR ALLOW ANY OTHER PERSON TO USE YOUR ACCOUNT. WE ARE NOT LIABLE FOR ANY IMPROPER USE OF YOUR PASSWORD OR ACCOUNT BY YOU OR ANY OTHER PERSON. IF YOU HAVE REASONS TO ASSUME THAT ANY OTHER PERSON KNOWS YOUR PASSWORD, OR THAT YOUR ACCOUNT HAS BEEN USED BY ANY OTHER PERSON, YOU MUST INFORM US IMMEDIATELY.
  1. RESTRICTIONS AND OBLIGATIONS
    8.1. You agree to comply with all applicable laws and regulations, these terms of service and all rules applicable to the use of the Website and the Service.
    8.2. You agree not to falsely describe or otherwise misrepresent yourself in any dealings with BITSTRAND.
    8.3. You are not allowed to abuse any campaigns, discounts, referral bonuses and/or referral systems, provided from time to time by BITSTRAND and/or its partners.
    8.4. You are not allowed to use any means to mask your internet traffic and IP address (such as Proxy, Tor, VPN and others).
    8.5. Multi-Level Marketing (MLM) and/or High-Yield Investment Projects (HYIP) systems are forbidden from providing any services to their users or partners based on BITSTRAND and/or BITSTRAND, including but not limited to BITSTRAND and/or BITSTRAND Products and/or Services.
    8.6. You are strictly forbidden to use or exploit errors in design of the Website, the Service and/or all and any of their parts, features which have not been documented, and/or “program bugs” for commercial/personal gain or as means to disrupt and/or destabilize the Service and/or the Website. If you encounter such an error by accident, you are required to report your findings to support@BITSTRAND.com.
  1. ADMINISTRATION OF MINING 
    9.1. During the Contract Term you can use the Website to:
    9.1.1. amend or update your registration and contact details;
    9.1.2. with the help of customer support change the login email address;
    9.1.4. change some parameters of the mining of your SLOT; and
    9.1.5. change your cryptocurrency-specific wallet addresses.
    9.2. Subject to payment and additional Fees in advance, you can use the Website to:
    9.2.1. add a new SLOT; and
    9.2.2. increase the processing power of your SLOT.
  1. FEES
    10.1. We provide a platform which enables individuals to mine cryptocurrencies using our Mining Hardware. In return, we take a percentage of the mined coin for maintenance and electricity fees (“Fees”) that are devised from the usage of electricity as well as the cost of maintenance of the said hardware. The maintenance costs of running the equipment include but are not limited to: hardware setup, data center rent, Mining Pool testing, staff salaries, future planning and proofing, software development, exchange of used and out of order parts and other expenditures required to render the service on a best-effort basis.
  1. LIABILITY
    11.1. We provide and maintain the Website and the Service on an “AS IS” and “AS AVAILABLE” basis and we are liable only to provide our services with reasonable skill and care.
    11.2. We give no other warranty in connection with the Website or the Service and we disclaim all liability for:
    11.2.1. to the extent allowed by these Terms and without affecting any other clauses within Section 11, that may apply, accuracy, currency or validity of information and material contained within and/or provided by the Website, the Panel, the Support Service, in email newsletters and social media. You hereby agree, that no radio, computer and internet communication equipment is completely free of fault, occasional technical disruptions may affect the service and so can human error, which may result in misrepresentation of content or miscommunication;
    11.2.2. any change in the exchange rate of Bitcoins or any other Cryptocurrency;
    11.2.3. any change in the difficulty of mining;
    11.2.4. any changes in applicable law or regulation, or the acts of any legislator or regulator in any part of the world;
    11.2.5. any interruptions to or error of the Website or the Service or other communications network;
    11.2.6. the infringement by any other person of any copyright or other intellectual property rights of any third party through any User Content or use of the Website or the Service;
    11.2.7. the availability, quality, content or nature of External Sites;
    11.2.8. any amount or kind of loss or damage due to viruses or other malicious software that may infect a user’s computer equipment, software, data or other property caused by any other person accessing, using or downloading the Website, the Service or any User Content; and
    11.2.9. all representations, warranties, conditions and other terms and conditions which, but for this notice, would have effect.
    11.3. We will not be liable in any amount for failure to perform any obligation under these terms of service if that failure is caused by the occurrence of an event beyond our reasonable control.
    11.4. Except as provided above there are no other warranties, conditions or other terms and conditions, express or implied, statutory or otherwise, and all of those terms and conditions are hereby excluded to the maximum extent permitted by law.
    11.5. To the maximum extent permitted by law, we exclude liability for any losses or damages which you may suffer, whether the same are suffered directly or indirectly or are immediate or consequential, which fall within any of the following categories:
    11.5.1. special damage even though that party was aware of the circumstances in which such special damage could arise;
    11.5.2. loss of anticipated savings;
    11.5.3. loss of business opportunity and management time;
    11.5.4. loss of goodwill;
    11.5.5. loss of Cryptocurrency arising as a result of any of your acts or omissions of those of any third party;
    11.5.5.1. loss arising out of or in connection with:
    11.5.5.2. any defect or insecurity in any systems you use to store or transmit Cryptocurrency or to access or use the Website or the Service ;
    11.5.5.3. any inaccurate or incomplete information you provide, including Cryptocurrency wallet addresses;
    11.5.5.4. any changes to the amount of Cryptocurrency awarded to Miners;
    11.5.5.5. any changes to the regulatory, legislative or technical environment applicable to Cryptocurrencies;
    11.5.5.6. the acts or omissions of any bank or provider of banking services; or
    11.5.5.7. any change in the value of Cryptocurrency howsoever arising (including as a result of the acts or omissions of BITSTRAND).
    11.6. To the maximum extent permitted by law, our aggregate liability in respect of any claims made in connection with or arising out of the use of the Website or the Service (whether in contract, tort (including negligence), breach of statutory duty, or otherwise) for direct losses will be limited to the Fees.
    11.7. You agree not to use the Website or the Service in any way which:
    11.7.1. is unlawful;
    11.7.2. may give rise to civil or criminal liability for BITSTRAND; or
    11.7.3. may bring BITSTRAND into disrepute.
    11.8. You hereby agree to indemnify, defend and hold us and our officers, directors, owners, agents, information providers, affiliates, licensors and licensees (collectively, the “Indemnified Parties”) harmless from and against any and all liability and costs (including reasonable legal fees) incurred by the Indemnified Parties in connection with any claim arising out of:
    11.8.1. any fraud or fraudulent misrepresentation you commit;
    11.8.2. any inaccuracy or defect of any of the information you have provided to us;
    11.8.3. any breach of applicable law or regulation you commit;
    11.8.4. any other person’s use of your Account;
    11.8.5. any breach by you of these terms of service; and
    11.8.6. third party claims arising from your use of the Website or the Service, any of Your Content or any use of your Account (whether or not such use was by you).
    11.9. You shall cooperate with us in the defense of any claim. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you.
  2. PAYOUTS
    12.1 Client will receive Quarterly Calendar payouts. For example, if you Pre-order before our launch date of 4/1/2018 and your order is received and approved by March 15, 2018, you will start mining on 4/1/2018. The first payout will be at the end of that current Quarter or 7/1/2018. Client will have the option of receiving $2,500 per Quarterly payout for the three-year term or receiving the coin that was mined by their selection. Client will determine which method of payment at sign-up. Coins would be transferred to Client’s wallet on 7/1/2018. Clients requesting the $2,500 quarterly payout will receive their payment in cash via mailed check or ACH, within 15 days of the end of the Quarter. Payments will continue similarly each Quarter for the three-year term.
    12.2 When a Client signs up after a Quarter has already begun, they will start mining the first day of the next Quarter, so long as they sign up at least 15 days prior to the start of a new Quarter. The start of each Quarter is January 1, April 1, July 1, October 1 of each calendar year.
  1. BREACH, SUSPENSION AND TERMINATION
    13.1. Without limiting any other rights we have, we may suspend or terminate access to your Account, the Website and/or the Service, nullify your Account Balance and/or hold the ability to withdraw mined funds if you breach any of these Terms of Service.
    13.2. If we have grounds to suspect that you are using the Website or the Service fraudulently or improperly, we will suspend your Account until you are able to demonstrate to our satisfaction:
    13.2.1. your identity; and
    13.2.2. that no fraud or impropriety has occurred or been attempted.
    13.3. We will try to give you reasonable notice of any anticipated termination of the Website or the Service.
    13.4. If you become aware of or suspect another user or Miner’s breach of these terms of service, or any fraud or impropriety by another user, you must contact us immediately.
    13.5. In case of any Credit Card purchase (refer to section 14.2.6.) BITSTRAND has the right to place the Customer’s Account on Hold (hold the ability to withdraw any mined funds from the Customer’s Account Balance) for a period of up to 30 days as a security measure of anti-fraud related regulations and policies.
  1. PAYMENT TERMS, ORDER CANCELLATION, ORDER CHANGES AND ORDER REFUNDS
    14.1. All invoices are issued in USD (United States dollar) by default. Payments performed in any other currency must account for the exchange rate of said currency to USD at the moment of invoice generation and any commissions for currency exchange.
    14.2. A Customer is able to purchase a Contract using a variety of payment methods:
    14.2.1. Certified or Cashier’s Check;
    14.2.2. Wire Transfer ($25 wire transfer fee added);
    14.2.3. Cash;
    14.3. BITSTRAND provides the destination account for all payment methods (except Balance and Reinvest purchases). In order to confirm the purchase and activate the Contract, the Customer is required to transfer the amount stated on the BITSTRAND invoice page (for Wire transfers) or on the third-party payment page (all payment methods with third-party processing systems).
    14.4. A Customer is solely responsible for the accuracy of payment, including but not limited to: the destination account, transferable amount and payment details:
    14.4.1. If the transferred amount is below requested, BITSTRAND reserves the right, at its sole discretion, to adjust the Contract accordingly to received funds or request the missing amount to be paid, before activating the Contract.
    14.5.. BITSTRAND is not obliged to proactively resolve payment related issues without a claim submitted by the Customer.
    14.6. In case of payment related issues a claim must be raised:
    14.6.1. A Customer has the right to raise a payment related claim/dispute by contacting support within 14 days from the creation of payment with proof of payment. Requests submitted after 14 days may not be processed.
    14.6.2. BITSTRAND reserves the right to request proof of payment, if there are suspicions or facts the payment was not received but the Contract was activated. The Customer is obliged to provide proof of payment within 14 days of reception of such request.
    14.6.3. Proof of payment includes but is not limited to: BITSTRAND order number, unique transaction ID or number, destination account, transferred amount, account statement from the payment system used.
    14.6.4. If proof of payment is not provided within 14 days or provided proof is deemed insufficient and/or invalid:
    14.6.5.1. if the claim was initiated by a Customer: BITSTRAND reserves the right to decline Customer’s claim(s);
    14.6.5.2. if the claim was initiated by BITSTRAND: BITSTRAND reserves the right to adjust/cancel related Contracts and adjust Customer’s Account Balance by amounts mined by related Contract.
    14.7. BITSTRAND reserves the right to switch and/or change any purchased Contract’s Hashrate type and amount at any time. The change of Contract Hashrate type will account for the current market price and BITSTRAND will attempt, if possible, not to reduce the total value of the Contract being changed. This means, in the event of forced hashrate type change (such as SHA-256 to Scrypt) BITSTRAND will attempt, if possible, to provide the substitution Contract of equal or greater total value than that of the initial Contract, according to the market price at the moment of change.
    14.8. Unless otherwise provided by law or by a particular offer, all purchases are final and non-refundable. BITSTRAND reserves the right to issue refunds at BITSTRAND’s sole discretion. If we issue a refund, we are under no obligation to issue the same or similar refund in the future. This refund policy does not affect any statutory rights that may apply.
    14.9. In the case of a refund:
    14.9.1. Customer will receive a reimbursement of spent funds to start the service, unless any funds were withdrawn from Customer’s Account Balance. If any amount was successfully withdrawn from the Account Balance, no refund requests will be processed on said Account.
    14.9.2. BITSTRAND has the right to nullify or deduct any Hashrate and/or funds mined by the Hashrate of the refunded purchase from the Customer’s Account Balance as well as any funds provided as a Referral Bonus for the refunded purchase from the Referrer’s Account Balance.
    14.9.3. BITSTRAND is not obliged to reimburse any funds spent for the Maintenance and Electricity Fees.
    14.10. In the case of any return of overpaid funds or refund, BITSTRAND may charge a processing fee, dependent on the payment system used. The amount of the processing fee is subject to change:
    14.10.1. Bitcoin transfer: 0.005 BTC
  1. REFERRAL PROGRAM
    15.1. FUTURE PROGRAM
  1. COMMUNICATIONS
    16.1. The Website may enable the display of third party content (“User Content”).
    16.2. Although we are not obliged to do so, we may remove or reject any User Content.
    16.3. You agree that we may process and store any content you submit to the Website (“Your Content”).
    16.4. You may be able to send Your Content to other Miners of the Website, and other Miners of the Website may be able to send User Content to you.
    16.5. You agree to the distribution of Your Content by us both internally and externally. Therefore, you should ensure that Your Content does not contain information, which you intend to keep confidential or private.
    16.6. By making available, posting or transmitting Your Content to the Website, you are granting us a non-exclusive, transferable, sublicensable, royalty-free, irrevocable, perpetual worldwide license to use and exploit Your Content for any purpose.
    16.7. You agree that you are entitled to make available, post or transmit Your Content to the Website.
    16.8. You will not make available, post or transmit to the Website any statement, material or other content, nor use the Website in any way, that:
    16.8.1. is unlawful or may give rise to civil or criminal liability;
    16.8.2. infringes any copyright or other intellectual property rights of any third party;
    16.8.3. infringes any third party’s rights of privacy or rights of publicity;
    16.8.4. includes any computer virus or other malicious software;
    16.8.5. is abusive, pornographic, defamatory, discriminatory or obscene;
    16.8.6. harasses any other person;
    16.8.7. interferes with another user’s use and enjoyment of the Website;
    16.8.8. impersonates any moderator, administrator or any staff or any other person connected with BITSTRAND;
    16.8.9. contains the confidential information of any other person;
    16.8.10. solicits passwords or personal information;
    16.8.11. contains video, photographs, or images of any other person without his or her permission (or in the case of a minor, the minor’s legal guardian);
    16.8.12. exploits any other person;
    16.8.13. we consider inappropriate; or
    16.8.14. encourages or provokes any other person to do any of the acts listed above.
    16.9. The Website may provide means by which you can communicate with us. We will communicate with you at the email address you have provided or through other means of communication that may be provided by the Website. Notices that are applicable to all our Miners shall be made available on the Website publicly. You will be deemed to have received a notice at the time the email is sent or the time the notice is posted on the Website. We will be deemed to have received a notice when we issue a confirmation to you.
    16.10. All emails (or other messages) we send are intended for the addressee only.
  1. GENERAL
    17.1. These terms of service are subject to your statutory and common law consumer rights and will not limit any rights you might have that cannot be excluded under applicable law. These terms of service will not exclude or limit our liability for death or personal injury resulting from our negligence nor any fraudulent acts or representations or for any statutory liability not capable of limitation.
    17.2. We may deduct any monies you owe us from any monies we owe you.
    17.3. These terms of service, together with the terms of use, privacy policy and any instructions, guidance and similar information found on the Website (from time to time), constitute the entire agreement between you and BITSTRAND relating to your use of the Website and the Service and mining through the Website or the Service, to the exclusion of any other terms.
    17.4. Our failure to enforce any term does not constitute our waiver of that term.
    17.5. If any part of these Terms is found to be unenforceable, it will be amended to the minimum extent necessary to make it enforceable and the remainder of the provisions will remain in full force and effect.
    17.6. No representation or warranty is made as to whether the Website or the Service complies with the laws of any jurisdiction other than the United States of America.
    17.7. BITSTRAND will be entitled to assign and otherwise transfer the agreement covered by these terms of service by giving you reasonable notice, which may include notice given via the Website.
    17.8. All questions, comments or complaints should be directed to us via Customer Support and we will try to respond to within 48 hours.