803 Mining Pool
Terms of Service
Last Updated: Wednesday, December 20, 2017
PLEASE READ THESE TERMS OF SERVICE CAREFULLY. BY CLICKING CONTINUE OR BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE BOUND BY THESE TERMS OF SERVICE AND ALL TERMS INCORPERATED BY REFERENCE.
These Terms of Service and any terms expressly incorporated herein (Terms) apply to your access to and use of the 803 Mine Pool and associated websites (the 803 Pool). By using 803 Pool, you agree to be bound by these terms and conditions below (Services). If you do not agree with these Terms you may not use the 803 Pool and Services therein.
You represent and warrant that you: (a) are of legal age to form a binding contract; (b) have not previously been suspended or removed from using 803 Pool; and (c) have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party. If you are registering to use 803 Pool on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization, and (ii) you are duly authorized by such legal entity to act on its behalf.
3. DESCRIPTION OF SERVICES
As described in more detail below, 803 Pool operates cryptocurrency mining pools and payments using a Proportional or PROP method whereas when a block is found, the reward is distributed among all workers proportionally as to how much shares each worker has found. In addition, the PROP method allows for automatic payouts occurring every two minutes for confirmed blocks for all coins at a minimum balance of 0.01 per worker id (wallet address).
a. Wallet Address and Account Registration. The user will input the receiving address of the cryptocurrency or coin they wish to mine alongside the corresponding coin pool address and port which can be found on the Getting Started page of the pools website.
b. Password and Security. Considering that there are no member portals anything can be used for the password as it does not secure anything, rather it is just a means of connecting your mining equipment to the pool.
c. Maintenance & Downtime. Although 803 Mine Pool operators are doing their best to keep the services up, maintenance and downtime may be required at times, so that uptime of the website is not guaranteed. We have built-in failover in most cases so the site and pool should just keep running. Please note planned maintenance alerts will be given out in advance via our Announcement section on the front page. Occasionally there may be a need for emergency maintenance in which notice cannot be given in advance this will be with regards to ensuring the uptime, security and performance of the pool for all miners. Therefore, 803 Mine Pool and its operators are not responsible for any loss caused by any reason during these periods. We also reserve the right to change the pools backend system or alter in a way that changes the way it displays or features it contains.
d. No Storage or Transmission of Bitcoins. Bitcoins are an intangible asset, they exist only by virtue of the ownership record maintained in the Bitcoin Network. The Services do not store, send or receive bitcoins. Any transfer of title in bitcoins occurs within the decentralized Bitcoin network and not within the Services.
e. Accuracy of Information. You represent and warrant that any information you provide via the Services is accurate and complete. You acknowledge and agree that 803 Pool is not responsible for any errors or omissions that you make in connection with any Bitcoin transaction initiated via the Services.
f. Taxes. It is your responsibility to determine what, if any, taxes apply to the transactions you complete via the Services, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that 803 Pool is not responsible for determining whether taxes apply to your Bitcoin transactions or for collecting, reporting, withholding or remitting any taxes arising from any Bitcoin transactions.
803 Pool charges miners with a 1% fee for the service (this is deducted automatically from every block found) and is in place to help fund the running costs of the pool and occasionally large transaction costs for payouts. This fee and reward system may change any time but prior notice will be given before doing so. Any changes on fee will be communicated through the pools Facebook/Twitter accounts and/or 803 Pool Announcement section on the home page.
Once coins have been sent from the pool, it is the users responsibility to track their coins and ensure payment details are correct as your miners address for the coin you are mining. Committed transactions cannot be undone by 803 Pool.
Shares rejected by the 803 Pool as stale or invalid will not be paid for. In addition, orphaned & rejected blocks will not be paid by 803 Pool as they are basically in-correct blocks.
5. DISCONTINUATION OF SERVICES
We may, in our sole discretion and without liability to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Services.
6. DISCLAIMER OF WARRANTIES
Except for the warranties expressly provided for in these Terms, both parties hereto disclaim all other warranties, express, implied or statutory, including without limitation the implied warranties of merchantability and fitness for a particular purpose.
7. LIMITATION OF LIABILTY
To the maximum extent permitted by applicable law, in no event and under no legal theory, with respect to claims for breach of contract and each others property damage, neither Party and their parents, affiliates and subsidiaries shall be responsible to the other for consequential, incidental, indirect, punitive or exemplary losses or damages, or any liability for loss of revenue, loss of profit, loss of product, loss of replacement power or business interruption, loss of business opportunity, however caused, including negligence, gross negligence, and strict liability.
8. ALLOWED JURISDICTIONS
Certain jurisdictions may not legally allow its residents to use the services provided by 803 Pool. Therefore, by accepting these Terms you confirm that you are not a resident of such jurisdiction, including, but not limited to the States of New York and Washington in the United States of America.
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless 803 Pool and their respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns, from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys fees) that arise from or relate to: (i) your use of 803 Pool, (ii) your responsibilities or obligations under these Terms, (iii) your violation of these Terms, or (iv) your violation of any rights of, or laws or regulations applicable to, any other person or entity.
10. APPLICABLE LAW; MANDATORY ARBITRATION
PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT CONTAINS ADDITIONAL PROVISIONS APPLICABLE ONLY TO INDIVIDUALS LOCATED, RESIDENT, OR DOMICILED IN THE UNITED STATES. IF YOU ARE LOCATED, RESIDENT, OR DOMICILED IN THE UNITED STATES, THIS SECTION REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND CLAIMS WITH COMPANY AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM US.
a. Binding Arbitration. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, Disputes) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Company (i) waive your and Companys respective rights to have any and all Disputes arising from or related to these Terms resolved in a court, and (ii) waive your and Companys respective rights to a jury trial. Instead, you and Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
b. No Class Arbitrations, Class Actions or Representative Actions. Any Dispute arising out of or related to these Terms is personal to you and Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
c. Federal Arbitration Act. These Terms affect interstate commerce and the enforceability of this Section 9 will be both substantively and procedurally governed by and construed and enforced in accordance with the Federal Arbitration Act, 9 U.S.C. & 1 et seq. (the FAA), to the maximum extent permitted by applicable law.
d. Severability of Dispute Resolution; Arbitration. If any term, clause or provision of this Section 9 is held invalid or unenforceable, it will be so held to the minimum extent required by law, and all other terms, clauses and provisions of this Section 15 will remain valid and enforceable. Further, the waivers set forth in Section 15(b) are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.
e. Governing Law and Venue. These Terms will be governed by and construed and enforced in accordance with the laws of the United States of America and the State of California, without regard to conflict of law rules or principles (whether of the U.S. or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. Any dispute between the Parties arising out or relating to these Terms or its subject matter or formation (including non-contractual Disputes of claims) that is not subject to arbitration will be resolved in the courts of the U.S.
a. Entire Agreement. These Terms contain the entire agreement, and supersede all prior and contemporaneous understandings between the parties regarding the Services. These Terms do not alter the terms or conditions of any other electronic or written agreement you may have with Company for the Services or for any other Company product or service or otherwise. In the event of any conflict between these Terms and any other agreement you may have with Company, the terms of that other agreement will control only if these Terms are specifically identified and declared to be overridden by such other agreement.
b. Modification. We reserve the right to make any changes or modifications to these Terms and any policies affecting the site at any point of time, at our sole discretion. Such modification is effective immediately upon posting to the website. Your continued use of Services following any modification to this Agreement shall be deemed an acceptance of all modifications.
c. Waiver. Our failure or delay in exercising any right, power or privilege under these Terms will not operate as a waiver thereof
d. Severability. The invalidity or unenforceability of any of these Terms will not affect the validity or enforceability of any other of these Terms, all of which will remain in full force and effect.
e. Assumption of Risk. Coin mining is extremely luck based. 803 Pool does not guarantee any particular return on mining time or hash-power, only that any blocks found will be divided as specified under payment system above. All return rates displayed on the site are estimates based on statistical averages. Submitting shares through your miner software to 803 Pool does not mean that they will be instantly converted to coins. 803 Pool first need to find a block to claim blocks coin rewards and will be then paying your portion based on used payment system used by the pool. The shares you have sent should be obeying the payment systems rules & conditions.
f. Force Majeure. 803 Pool is not liable for failure to perform solely caused by: unavoidable casualty, delays in delivery of materials, embargoes, government orders, acts of civil or military authorities, acts by common carriers, emergency conditions (including weather conditions) incompatible with safety or good quality workmanship, or any similar unforeseen event that renders performance commercially implausible. If an event of force majeure occurs, the party injured by the others inability to perform may elect to suspend the Agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.
g. Assignment. You may not assign or transfer any of your rights or obligations under these Terms without prior written consent from 803 Pool, including by operation of law or in connection with any change of control. 803 Pool may assign or transfer any or all of its rights under these Terms, in whole or in part, without obtaining your consent or approval.