Common Contracts
1 similar Mining Computing Capacity Agreement contracts
General Terms and Conditions of the Agreement for Providing Mining Computing CapacitiesMining Computing Capacity Agreement • August 24th, 2021
The Contractor, OXLY GmbH, a German company specializing in digital electronic technologies, has a mining farm and provides customers, both individuals and legal entities, with technological capacities of this mining farm on a reimbursable basis. The use of these computing capacities results in Bitcoin mining. Due to providing this product, the Contractor continuously covers energy costs, the costs on maintaining the operability and functioning of the equipment, so that at the output the Customer can demand from the Contractor at any time to transfer a recently mined Bitcoin or its equivalent without any obligations to the Customer’s electronic wallet. It means that once the Customer pays for connecting to the capacities, during the validity of the agreement the Customer does not care about servicing these capacities, paying for energy, and other expenses for maintaining these capacities. In addition, at any time when the used capacities, based on the results of the total period of tim
