You must have signed the Robot Cache Subscriber Agreement AND have a valid Robot Cache User Account to use our Mining Pool.
Blockchain is a type of decentralized ledger and continually updated list of transactions occurring across certain peer-to-peer networks. Blocks of transactions are validated and linked together by specific methods of cryptography. A blockchain can be used in a wide variety of ways, including the establishment of cryptocurrency and payment infrastructures, the authentication of digitally signed documents (proving identity), or the creation of verifiable records of business processes.
Boosts allow for a temporary increase in mining rewards which may vary in scope and duration.
Mining is the process of adding transaction records to a cryptocurrency public ledger of past transactions. This ledger of past transactions is called the blockchain (see above) as it is a chain of transaction blocks. The blockchain serves to confirm transactions to the rest of the peer-to-peer network as having taken place. Cryptocurrency nodes use the blockchain to distinguish legitimate transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by those mining, the miners, remains steady. The primary purpose of mining is to allow nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce new units of a cryptocurrency into the system. Miners are paid transaction fees as well as a granted a subsidy of newly created coins. These both serve the purpose of disseminating new coins as well as motivating people to provide security for the system. Mining requires access to computer hardware and software as well connection to the internet and entails a high level of power consumption.
Mining Pools pool the resources of multiple miners to solve blocks more quickly and split the rewards among the participants. Mining pools are available in a range of forms and arrangements as well as for different types of cryptocurrencies.
USING THE ROBOT CACHE MINING POOL
We have built our Mining Pool software into the Robot Cache Client software, which is available for download and installation via our Website (www.robotcache.com). By default, all mining is disabled, and you will need to Opt-In to allow mining to operate. You can also Opt-Out at anytime, using our Website or Client to Enable and Disable the Mining Pool.
Any rewards earned by you when you access and use our Mining Pool (including any Boosts) will be paid out to you in the equivalent amount of IRON, minus a fifteen percent (15%) Mining Pool fee which will be deducted from your IRON payment. We will deposit your IRON payments directly into your RC Wallet. Please see our IRON Policy for more information about IRON and RC Wallets.
Our Mining Pool is for your own personal non-commercial use only.
Additional Terms and Conditions for Software
When you use IRON to purchase any Robot Cache content or services, download or install or use any Robot Cache downloadable system software, or register for any Robot Cache services, you will be required to agree to, and be bound by, our Subscriber Agreement which may include additional terms.
Changes to MINING POOL
We may discontinue or change the features, functions, content, services, payment structure and policy of our Mining Pool (including Boosts) at any time with or without notice.
Proper Use of MINING POOL
Robot Cache and its suppliers and partners reserve all rights under intellectual property law in Robot Cache and in any content or technology that is in our Mining Pool and Boosts. Except as Robot Cache may expressly state in writing, you may not reproduce, reprint, publish, use, reverse engineer, compile, modify, or otherwise exploit content or technology from Robot Cache or its suppliers or partners in our Mining Pool without our express prior written consent.
Electronic Delivery Statement and Your Consent
You agree that we may provide to you notices and other information concerning Robot Cache or our Mining Pool electronically, including notice to any email address that you may provide.
No RESPONSIBILITY FOR ELECTRICAL COSTS OR COMPUTER DAMAGE
As mining can put significant demands on your computer hardware and software (e.g. CPU, GPU), the mining process can not only result in extremely high electricity costs, but some or all of your hardware and software components may be destroyed completely, including your data. Any such costs or damages are your sole responsibility. You must assess (and bear) the risk associated with such high electrical costs and potential for computer damage by yourself.
No GUARANTEE OF UPTIME
The uptime of our Mining Pool is not guaranteed, as maintenance and downtime may be required at times, or we may be the target of hacking or a computer virus, or experiencing a software or hardware malfunction.
Disclaimer of Warranties
We provide our Mining Pool and its content, Boosts, services, functionality and technology "AS IS." We and our suppliers, publishing partners and affiliates make no express warranties or guarantees about our Mining Pool. TO THE EXTENT PERMITTED BY LAW, WE AND OUR SUPPLIERS, PUBLISHING PARTNERS AND AFFILIATES DISCLAIM IMPLIED WARRANTIES INCLUDING ANY WARRANTY THAT OUR MINING POOL WILL BE MERCHANTABLE, OF SATISFACTORY QUALITY, ACCURATE, TIMELY, FIT FOR A PARTICULAR PURPOSE OR NEED, OR NON-INFRINGING. WE DO NOT GUARANTEE THAT OUR MINING POL OR ANY RELATED CONTENT, SERVICES, FUNCTIONALITY OR TECHNOLOGY WILL MEET YOUR REQUIREMENTS, ARE ERROR-FREE, RELIABLE, OR WILL OPERATE WITHOUT INTERRUPTION. Because some states and countries do not permit disclaimer of implied warranties, you may have additional consumer rights under your local laws.
Limitation of Liability
You may not assert claims for money damages arising from your use of our Mining Pool. Robot Cache and our suppliers, publishing partners and affiliates are not be liable for any indirect, special, incidental, consequential or exemplary damages, even if we knew or should have known of the possibility of such damages. This includes, without limitation, direct loss, loss of business or profits (whether or not the loss of such profits was foreseeable, arose in the normal course of things or you have advised us of the possibility of such potential loss), damage caused to your computer, computer hardware, computer software, systems and programs and the data thereon or any other direct or indirect, consequential and incidental damages. We are not responsible for any loss of digital coins which are stored in our Mining Pool. We shall not be obliged to compensate any losses due to theft of cryptocurrencies from the Mining Pool or temporary unavailability of the Mining pool. Cryptocurrencies are highly experimental crypto software, and as such, damages or loss of cryptocurrency arising from software errors therefore remain possible, and as we have no influence on the underlying cryptocurrency architecture, we shall not in any case be exposed to claims relating to such errors.
You agree to defend, indemnify, and hold Robot Cache and our parent and affiliated companies, and our respective employees, contractors, officers, directors, agents, publishers, and affiliates from all liabilities, claims, and expenses, including attorney's fees that arise from your use or misuse of our Mining Pool. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with us in asserting any available defenses.
We make no representation that any content, functions or features on our Mining Pool is appropriate or available for use in locations outside the United States. If you choose to access our Mining Pool from a location outside the US, you do so on your own initiative, and you are responsible for compliance with local laws.
Severability and Integration
In an event or circumstance which is beyond our control, including but not limited to acts of God, riots, wars, floods, fires, explosion, strikes and other similar events, we will not be held liable for any delay, failure or disruption to provide already committed mining services in our Mining Pool.