Terms of Service
This website (the “Website”) is owned and operated by Verakari (“Verakari”). The Terms and Conditions set forth below (the “Terms”) govern the use of the Website. Verakari reserves the right to change the Terms at any time, at its sole discretion, without advance notice.
Acceptance of our Terms
By accessing, viewing, and otherwise using any of the information contained on the Website, You agree to be bound by the Terms. You understand, agree, and acknowledge that the Terms constitute a legally binding agreement between You and Verakari and that Your use of the Website indicates Your acceptance of all of the Terms.
“Dead on Arrival” or “DOA” when used herein means that Miner(s) will not power on when they arrive at the Final Destination. Power in this sense means that the Miner(s) receive greater than 0.001% energy from the power source. “Delivery Grace Period” when used herein means a period of forty-five (45) days, which begins on the day You are notified of Equipment being delivered to the Equipment Warehouse. “Equipment” when used herein means any good sold on or through the Website and includes, but is not necessarily limited to, bitcoin miners, such as Antminer S19j Pro; Antminer S19j; Antminer S19XP; Antminer L7; Antminer S17; Antminer S17 Pro; Avalon 1166 Pro; Avalon 1246; Innosilicon T3+; Whatsminer M21S; Whatsminer M30+; Whatsminer M32; Whatsminer M20; Whatsminer M21; Whatsminer M31; and Mining Containers (10, 20, and 40 feet in length); and Mining Transformers. These Equipment offerings are subject to availability. The most up to date information regarding stock of specific Equipment can be found here:
“Equipment Warehouse” when used herein means a warehouse facility located in the United States which is utilized by Verakari for storing Equipment between purchase by You and delivery to a Final Destination.
“Final Destination” when used herein means either: (A) a Data Center, which is owned or lawfully possessed by Verakari, for Hosted Miner(s); or (B) an address provided by You, for Non-Hosted Miner(s).
“Hash Rate” when used herein means the speed of the computing device used by a Miner to develop a unit of cryptocurrency and is the ultimate speed at which the Miner operates.“Hosted Miners” when used herein means Miner(s) owned by You, that are subject to Hosting Services under a Master Services Agreement or valid Voucher. “Hosting Services” when used herein means management and hosting services offered by Verakari, the scope of which are more specifically defined in the Master Services Agreement.
“Inspection Period” when used herein means twenty-four (24) hours from the date Your Equipment is delivered to the Final Destination.
“MA Hash Not Met” when used herein means that Equipment is online, is reachable and is hashing, but at a rate less than seventy-five (75) percent of the expected Hash Rate for a period of two (2) consecutive hours.
“MA Hash Rate” when used herein means a minimum acceptable hash rate, which amounts to at least seventy-five (75) percent of the total expected Hash Rate of the Miner(s).
“Miner(s)” when used herein means bitcoin miners and includes Antminer S19j Pro; Antminer S19j; Antminer S19XP; Antminer L7; Antminer S17; Antminer S17 Pro; Avalon 1166 Pro; Avalon 1246; Innosilicon T3+; Whatsminer M21S; Whatsminer M30+; Whatsminer M32; Whatsminer M20; Whatsminer M21; Whatsminer M31. As with Equipment, the particular make, model, and tera hash of Miner offerings are subject to availability.
“Non-Hosted Miners” when used herein means Miner(s) owned by You, that are not subject to Hosting Services under a Master Services Agreement. “PSC” when used herein means preferred shipping company.
“Repair” when used herein a repair means efforts to fix or remedy Technical Issues in the Equipment.
“Replace” or “Replacement” when used herein means the exchange of Miner(s) that are DOA or MA Hash Rate Not Met by Verakari with Miner(s) that are substantially the same. Replacement Miner(s) may not be the same brand, make, or model, but will have a comparable terahash and be of comparable age, usage, and condition. “Return” when used herein means that Verakari will retake possession of Miner(s) under the circumstances indicated in Section 10.
“Storage Fee(s)” when used herein means a fee charged to You for storing Equipment at the Equipment Warehouse, or any Data Center when Your Equipment is not picked up, transported, or otherwise shipped by You within the Delivery Grace Period. Storage Fees will not exceed $50.00 per day, and will accrue, per day, until the Equipment is removed from the Equipment Warehouse or Data Center, by You.
Proprietary Rights and Confidentiality
You acknowledge and agree that the Website contains proprietary and confidential information, including but not limited to trademarks, service marks and patents protected by applicable law. You may view and copy of portions of its content for offline, personal, non-commercial use, no content of the Website may be sold, copied, altered, reproduced, or distributed without our prior written permission, which we may withhold for any reason. Any third-party trademarks, service marks, logos and other intellectual properties are the property of their respective owners. Any further rights not specifically granted herein are reserved.
Termination of Agreement
The Terms will continue to apply in perpetuity until changed or terminated by Verakari, and Verakari may do so without notice at any time and from time to time for any reason.
You understand and agree that Your use of the Website is entirely at Your own risk and that our services are provided “As Is.” Verakari does not make any express or implied warranties, endorsements, or representations of any kind whatsoever as to the operation of the Website, or as to the information, content and materials contained therein. Without limiting the foregoing, Verakari hereby disclaims all implied warranties of merchantability and fitness for a particular purpose and non-infringement, and warranties that access to or use of the Website will be uninterrupted or error-free or that defects on the Website will be corrected, or that the server from which the Website is accessed is free from viruses, worms, Trojan horses, or other harmful components. Verakari assumes no responsibility for, and shall not be liable for, any damages or expenses You may incur as a result of any inaccuracy, incompleteness or obsolescence of any information contained on the Website. All services and programs described on or through the Website are subject to availability and are subject to change at any time. If You access the Website from outside the United States, You are responsible for compliance with foreign and local laws.