so far even better, not only im pissed off cause we dont get any release about boomcoin, and we get asic after year or so, but its possible we dont even get them
7.11 Risk that the Cleverhash based ASIC miners may never be completed or released
Yup and that is clearly stated in multiple locations. It is also stated under 1.4 CLEVERHASH MINING HARDWARE
1.4 CLEVERHASH MINING HARDWARE
Cleverhash tokens (hash) can be exchanged for an ASIC miner. The price reduction in the cost of the miner will be reduced by the (hash) token value set forth by Cleverhash at the bitcoin equivalent to fifty cents (USD) per hash token.
Estimated retail prices & Cleverhash token exchange requirements:
Sonic: $3,985 USD or 7,970 Cleverhash Tokens
Aurora: $7,499 or 14,998 Cleverhash Tokens
The development completion is estimated to be during the winter of 2015 q4, although there are no guarantees that this will occur according to such a time-frame or at all. Our business model only works if 4,000 units are pre-sold when Cleverhash website goes live to the public for Cleverhash ASIC miner retail sales. While we anticipate this being achievable, we make no guarantees. Cleverhash Technologies Corporation retains the right to adjust pricing and exchange requirements.
Yeah if they are US based that language all doesn't matter, if they don't deliver the product or refund the customers the FTC will shut them down, and they will get sued too the moon. You can't take money and deliver nothing, with no refund thats not how commerce works.
Its possible the FTC will shut them down but you are agreeing to these terms and conditions.
14. MINORS PROHIBITED FROM PURCHASING CLEVERHASH TOKENS
You must be at least 18 years of age to purchase, or attempt to purchase, Cleverhash Tokens.
15. ARBITRATION.
Any controversy or claim arising out of or relating to this contract, or the breach thereof, the content of
the Services or the use of any information obtained from Cleverhash Technologies Corporation regardless of the
medium of transmission, shall be settled by arbitration administered by the American Arbitration Association
under its Commercial Arbitration Rules, in front of one arbitrator, and judgment on the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction thereof. Any such arbitration shall take place in the
State of Georgia.
16. GOVERNING LAW
Any disputes arising out of or related to this Agreement shall be governed by and construed and enforced
in accordance with, the laws of the State of Georgia applicable to contracts entered into and to be performed
within said State. All disputes which cannot be resolved between the parties, and causes of action arising out of
or connected with this Agreement, shall be resolved individually, without resort to any form of class action.