Quote from: Foofighter on June 12, 2013, 06:40:28 PM

Hey,
just checked the new contract.
So what happens now with the mining earnings produced during the testing phase of the devices?
regards

Hi Foofighter,
Good question. What you might notice in the contract is that some clauses got removed and others simplified. We were advised not to over commit, and especially not to be too specific where possible to allow for maximum operational flexibility. In regards to the mining, our intentions are the same as before, but we were advised not to include the details in the contract. Imagine a situation where one of our staff was making copy/paste or typos in the destination BTC address and all the mining proceeds from your machine went to somebody else? Imagine we didn't discover this until later after many customers were affected. Our lawyers thus advised to remove these clauses to limit our liability as well. On a similar note, I think is important we also state publicly that from the 57 machines we've purchased from Metabank thus far, 10 of those were purchased for Bitcentury from our own funds, and yes, with those we intend to mine to get more familiar with the machines, but also for profit generation, to cover company costs or raise funding for future ventures, etc. At the end of the day, we aim to grow our business and expand into other areas, time/opportunity permitting. Building trust and being transparent with our customers I feel is critical to achieving that goal, especially in this line of business given the current environment.
Cheers,
Luis