Terms & Conditions
Terms & Conditions - the basics
These general terms and conditions apply to all contracts concluded between Mineinvest (hereinafter Mineinvest”), represented by managing director Frederik Ilya Radu, and its customers (hereinafter “customer”) and the sale and hosting of miners for the generation or mining of cryptocurrencies (hereinafter “Miner”).
The special agreements made in the context of the purchase contract concluded between the parties result primarily from these terms and conditions, a written order confirmation and the declaration of acceptance from Ilya Radu.
The version of the terms and conditions valid at the time of conclusion of the contract is always decisive for the conclusion of the contract. These terms and conditions also apply to future business relationships, even if they have not been expressly agreed again.
Deviating conditions of the customer do not apply, even if the inclusion has not been expressly objected to.
The content of Mineinvest range of services consists of the following components:
1. The customer can purchase miners that are delivered to the hosting location operated by Mineinvest (hereinafter “hosting location”) (hereinafter “Miner Purchase”).
2. After delivery, Mineinvest provides the customer with the miners for use and for the duration of the contract period and ensures their operational readiness and functionality in accordance with these terms and conditions. (hereinafter “Hosting”).
The miner purchase and hosting together form the subject of the contract concluded on the basis of these terms and conditions (hereinafter “hosting contract”). The customer's consideration consists of payment of the purchase price for the purchase of the miners (hereinafter “purchase price”), the fee for hosting the miners (hereinafter “hosting fee”) and, if applicable, the fee for optional additional services that the customer uses as part of hosting.
Prices and shipping costs
The shipping costs are listed in the price information on the websites or in the declaration of acceptance. The total price including sales tax and shipping costs is also shown in the order overview before sending the order. Any customs fees or other costs for international shipments must be borne by the customer.
If Mininvest carries out the order in several partial deliveries, shipping costs are only charged for the first partial delivery. However, if you expressly request partial deliveries, shipping costs will be charged for each of these deliveries.
The purchase price includes the costs of packaging, shipping and transport insurance for delivery to the hosting location as well as statutory value added tax, customs as well as other fees and public charges.
Unless otherwise agreed, the purchase price is due for payment without any deduction upon conclusion of the contract (hereinafter “advance payment obligation of the customer”).
The miners are delivered exclusively to the hosting location. Delivery is made when the miners have arrived at the hosting location and the customer has been notified that the miners have arrived.
Ownership of the miners and the risk of accidental loss or accidental deterioration of the miners is transferred to the customer when the goods are handed over to the transport company. If the customer transfers ownership of the miners to a third party before the end of the hosting contract period (e.g. by way of resale or donation), the customer must immediately inform Mineinvest in writing of the transfer of ownership.
1) Hosting includes providing the miner for use for crypto mining (hereinafter “deployment”), maintaining the miner's operational readiness and functionality (hereinafter “monitoring”) with the following service components and service levels:
1st deployment:
As part of the deployment, we provide the following services within four weeks of delivery of the miner to make the miner operational and functional (i.e. to put the miner in the switched on state that calculates hash values):
a) Receiving the miner at the hosting location,
b) Removing the miner from the packaging and checking for obvious defects (transport damage, etc.),
c) connection of the miner to the power grid and the cooling system,
d) Establishing a network connection and
e) Operational readiness and operability testing.
Mineinvest will immediately inform the customer via email as soon as the deployment is complete. If there is a defect in the miner during deployment, the customer will be informed immediately by e-mail and the procedure regarding the customer's warranty rights will be clarified.
The customer is obliged to always provide his current wallet address of corresponding cryptocurrencies (e.g. Bitcoin wallet) and contact details via the ticket system. Furthermore, the customer is obliged to regularly check that the miner is operating correctly via the mining pool, to report faults immediately via the ticket system provided and to provide us with the necessary information to clarify concerns or problems or to carry out faults immediately and truthfully.
The customer is responsible for creating and maintaining the technical requirements for access to the mining pool in his area, in particular with regard to the hardware and operating system software used, the connection to the Internet and the latest browser software. The customer is obliged to take the necessary precautions to secure its systems, in particular to use the usual browser security settings and to use current protection mechanisms to ward off malware.
In return for hosting, the customer is obliged to pay Mineinvest the hosting fee and, if applicable, fees for the use of optional additional services such as Power Mode. The hosting fee is based on the basic fee agreed upon conclusion of the contract and calculated on the basis of the electricity price (hereinafter “basic fee”) plus a flexible surcharge (hereinafter “Performance Pricing”) and the miner's actual power consumption, taking into account, if applicable, the higher consumption when using Power Mode.
Duration and termination
The hosting contract is concluded for an indefinite period. The term starts from the time when the customer is notified by Mineinvest that the deployment has been completed. The minimum contract period is 12 months.
Final Provisions
Disclaimer: Mentioned profitability cannot be treated as an official offer, pledge or commitment. Mentioned amount is based on approximate calculations due to the current level of mining market indicators and stated for the purposes of displaying the approximate efficiency. The information on this website does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities, commodities, or other financial products. In addition, the information on this website does not constitute the provision of investment advice. No assurances can be made that any aims, assumptions, expectations, strategies, and/or goals expressed or implied herein were or will be realized or that the activities or any performance described did or will continue at all or in the same manner as is described on this website. Cryptocurrency mining is a high risk investment, we are not responsible for any financial loss, invest at your own risk!
Status of the terms and conditions: Jun 2024