Terms of Service
Last updated: September 17, 2018
Welcome to GamerMiner.
Website: GamerMiner website which is located on the web address https://gamerminer.io.
Account: Online account available on the GamerMiner Services and created by completing the registration procedure on the GamerMiner Website.
Cryptocurrency: A digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically. [European Commission, p. 21, Proposal for amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, 2016.]GamerMiner service deals with minable, blockchain based cryptocurrencies.
Blockchain: is a decentralized and continually updated list of transactions occurring across a certain peer-to-peer network. All peers store a consistent and distributed copy of the database as opposed to a traditional model, where databases are generally centrally stored. Blocks of transactions are validated and linked together by specific methods of cryptography. Manipulating individual transaction records is hardly possible in this context. A blockchain provides a wide range of functionality. Besides establishing cryptocurrency and payment infrastructures, it can be used, for instance, to digitally sign documents (proving identity) or create verifiable records of business processes.
Mining: New transactions are constantly being processed by Miners (into new blocks which are added to the end of the chain and can never be changed or removed once accepted by the network. Each block contains, among other things, a record of some or all recent transactions, and a reference to the block that came immediately before it. It also contains an answer to a difficult-to-solve mathematical puzzle – the answer to which is unique to each block. New blocks cannot be submitted to the network without the correct answer – the process of "mining" is essentially the process of competing to be the next to find the answer that "solves" the current block. The mathematical problem in each block is extremely difficult to solve, but once a valid solution is found, it is very easy for the rest of the network to confirm that the solution is correct. There are multiple valid solutions for any given block – only one of the solutions needs to be found for the block to be solved. Because there is a reward of brand new cryptocurrency units for solving each block, every block also contains a record of which address is entitled to receive the reward. Transactions are broadcast to the network by the sender, and all peers trying to solve blocks collect the transaction records and add them to the block they are working to solve. Miners get incentive to include transactions in their blocks because of attached transaction fees. The difficulty of the mathematical problem is automatically adjusted by the network, such that it targets a goal of solving an average of (X) blocks per time interval (details are specified in the respective consensus rules of a cryptocurrency). [Source: https://en.bitcoin.it/wiki/Block]
Mining Pool: Mining pools are online services that simplifies mining and provides predictable income to miner in proportion to its mining power. Mining pools distributes mining work to all its participants and when a solution is found, reward is split among participants proportional to their mining power.
App: GamerMiner desktop application downloadable from Website. App uses third party open source and free mining software to perform mining.
GamerMiner provides an online service where users earn a balance in exchange for mining cryptocurrency for GamerMiner and referring new users to GamerMiner service. The payout is only via issuing Steam gift cards from Valve Corporation.
GamerMiner periodically exchanges mined cryptocurrency to euro and updates spendable user balances to reflect exact amount earned according to their contribution. GamerMiner may also show an estimate of earnings of the user not yet exchanged to euro, which may not be exact.
GamerMiner pays most of its mining revenue back to its users. User may also earn additional revenue for each referred user. To see the exact rates, visit the FAQ page on our Website. GamerMiner reserves the right to change these rates.
User can choose from available gift card amounts in the system provided he/she has enough balance.
Please also note that we are periodically discarding balances lower than €1 for users that are inactive for 120 days.
It is your responsibility to determine weather you need to pay taxes for your income from GamerMiner. GamerMiner may not be held responsible for the taxes you may owe to your local tax authority.
GamerMiner Services are not for use by anyone under the age of 13.
You are responsible for your log-in credentials and for any activity resulting from the use of your log-in credentials or other activity on your account ("Account") on the Service. Upon launching the App or the Service, if you do not already have an Account, you will be prompted to create one by providing a username and in some cases a password. You may also be required to provide a valid email address or other information to access or utilize certain applications or features. You represent and warrant that the information you provide to us upon registration and at all other times will be true, accurate, current, and complete. We reserve the right to reject any username or to terminate your username or prevent use of a username in our sole discretion, and without any liability to you. You understand and agree that other users of the Service may have the same username as you, however, users will be differentiated by a number identifier that may or may not be visible to you or other users. You will ensure that your e-mail address is kept accurate and up-to-date at all times.
You are also allowed to create an account or log into the Services using your Steam credentials. In this case we receive your name and email address as permitted by your Steam profile settings in order to authenticate you. We may also allow you to link your Account to other services like Facebook and Google.
You are responsible for maintaining the confidentiality of your log-in credentials and are fully responsible for all activities that occur through the use of your credentials or otherwise on your Account. You agree to notify us immediately if you believe the confidentiality of your log-in credentials has been compromised or if you suspect unauthorized use of your Account. You agree that we will not be liable for any loss or damage arising from unauthorized use of your credentials.
The App can be used without registration. In this case, if the App is uninstalled, deleted or becomes unaccessable for any reason, you may lose control of your earnings.
GamerMiner Mining Software ("the App") License
The App whether on disk, in read only memory, or any other media or in any other form is licensed, not sold, to you by GamerMiner for use only under these Terms. GamerMiner retains ownership of the App itself and reserve all rights not expressly granted to you.
Subject to these Terms, you are granted a limited, non-transferable, non-exclusive and a revocable license to download, install and use the App. You may not distribute or make the App available over a network where it could be used by multiple devices at the same time. You may not rent, lease, lend, sell, redistribute, assign, sublicense host, outsource, disclose or otherwise commercially exploit the App or make it available to any third party.
There is no license fee for the App. GamerMiner reserves the right to change the license fee policy according to the provisions to change these Terms any time and for any reason, including to decide to start charging the license fee for the App. You are responsible for any and all applicable taxes. You may not, and you agree not to or enable others to, copy, decompile, reverse engineer, reverse compile, disassemble, attempt to derive the source code of, decrypt, modify, or create derivative works of the App or any services provided by the App, or any part thereof (except as and only to the extent any foregoing restriction is prohibited by applicable law or to the extent as may be permitted by the licensing terms governing use of open-sourced components included with the App).
The App will periodically check with GamerMiner servers for updates and upgrades to the App and, if an update or upgrade is available, the update or upgrade will automatically download and install onto your device and, if applicable, your peripheral devices.
You agree that GamerMiner may collect and use technical and related information, including but not limited to technical information about your computer, system and application software, and peripherals, that is gathered periodically to facilitate the provision of software updates, product support and other services to you (if any) related to the App and to verify compliance with these Terms. GamerMiner may use this information, as long as it is in a form that does not personally identify you, to improve our Services.
App license is effective until terminated. All provisions of these Terms regarding the termination apply also for the App license. Upon the termination of App license, you shall cease all use of the App and destroy or delete all copies, full or partial, of the App.
GamerMiner retains all copyright and other intellectual property rights, including inventions, discoveries, know-how, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon over all content and other materials contained on GamerMiner Website or provided in connection with the GamerMiner Services, including, without limitation, the GamerMiner logo and all designs, text, graphics, pictures, information, data, software, source code, as well as the compilation thereof, sound files, other files and the selection and arrangement thereof. These material is protected by Estonian and international copyright laws and other intellectual property right laws. These Terms shall not be understood and interpreted in a way that they would mean assignment of copyright or other intellectual property rights, unless it is explicitly defined so in these Terms.
GamerMiner hereby grants you a limited, nonexclusive and non-sublicensable license to access and use GamerMiner copyrighted work and other intellectual property for your personal or internal business use. Such license is subject to these Terms and does not permit any resale, the distribution, public performance or public display, modifying or otherwise making any derivative uses, use, publishing, transmission, reverse engineering, participation in the transfer or sale, or any way exploit any of the copyrighted work and other intellectual property other than for their intended purposes. This granted license will automatically terminate if GamerMiner suspends or terminates your access to the GamerMiner Services.
GamerMiner will own exclusive rights, including all intellectual property rights, to any feedback including, but not limited to, suggestions, ideas or other information or materials regarding GamerMiner Services or related products that you provide, whether by email, posting through our GamerMiner Website, GamerMiner Account or otherwise and you irrevocably assign any and all intellectual property rights on such feedback unlimited in time, scope and territory. Any Feedback you submit is non-confidential and shall become the sole property of GamerMiner. GamerMiner will be entitled to the unrestricted use, modification or dissemination of such feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you. You waive any rights you may have to the feedback. We have the right to remove any posting you make on GamerMiner Website if, in our opinion, your post does not comply with the content standards defined by these Terms.
GamerMiner reserves the right to terminate your access to the Services without any advance notice.
This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the laws of Estonia, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the laws of another jurisdiction.
Changes to This Agreement
GamerMiner reserves the right to modify these Terms of Service at any time. In case of any change to these Terms, we will provide you with notice of the changes, such as by sending an email, providing notice on the GamerMiner Website, placing a popup window after login to the GamerMiner Account or by posting the amended Terms on the GamerMiner Website and updating the date at the top of these Terms. The amended Terms will be deemed effective immediately upon posting for any new users of the GamerMiner Services. In all other cases, the amended Terms will become effective for preexisting users upon continued use of GamerMiner Services after GamerMiner provides notice of such changes. Any amended Terms will apply prospectively to use of the GamerMiner Services after such changes become effective.
Therefore, we ask that you check and review this Agreement for such changes on an occasional basis. Should you not agree to any provision of this Agreement or any changes we make to this Agreement, we ask and advise that you stop using GamerMiner Services immediately.
If you have any questions about this Agreement, please feel free to contact us at email@example.com.
- [Source: https://en.bitcoin.it/wiki/Block]
- [Source: https://en.bitcoin.it/wiki/Mining ]
- [European Commission, p. 21, Proposal for amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, 2016.]