Hi,
question. in the FAQ it says
"Duration of all contracts are minimum one year or the longevity of the miner, whichever is higher."
Can you explain better please "or" the longevity of the miner? Does it mean contract depends on the miner , if the miner not dies could be it´s mining 10 years (even the payouts are dust until then or the electric costs are higher than the returns?)
And why is there a "minimum" and not fixed durations (let´s say 5 years?)
Example: i give you 1 bitcoin. You give me .0000013524 bitcoins daily until to 0.90 BTC, then around after 1 year you tell me that its not worth mining anymore because electric costs higher than reward.
Or the "longevity" of the miner ended after: half a year.
I think this has already been answered before by the OP...
9.How long does a contract last ?
Duration of all contracts are minimum one year or the longevity of the miner, whichever is higher.
Does it mean You suppose to end contracts after one year or each contract binds real hw and will be ended as that hw fysicaly dies?
Each contract does NOT bind to individual hardware. Group of contracts are bind to block of hardware. We manage this mapping at our end. We are talking about one year here to give you a minimum guarantee. Actually they will last longer. We are well aware of the fact that industry is talking about five years, lifetime etc. etc. But, to be safe at our end, we dont want to pre-commit anything beyond one year. Happy Minining
Moreover, your contract can not end 'half a year', because it clearly says 'whichever is higher'. So, even if the block of hardware associated with your order is damaged 'half a year', you are covered by the 'minimum one year' clause.
