⚠️We would like to inform you that today, June 5 2018, HashFlare’s new Terms of Service will come into effect. https://t.co/d3DKo4O2n2⚠️
— HashFlare (@hashflare) June 5, 2018
Hashflare updated its terms of service on June 5, 2018. While the company sent out a notice that the terms change, it didn’t bother to highlight the changes for users. Below are the material changes to the TOS with my notes in brackets and all caps.
5.2. The Contract Term for HashFlare.io Cloud Machines is set to 1 year [PREVIOUSLY UNLIMITED] by default, unless stated otherwise. The Contract is valid while profitable (refer to section 5.5.), until expired or until terminated (refer to section 13), whichever comes first.
6.2. HashFlare may request to provide PII (Personally Identifiable Information) and/or financial information of the Account owner for KYC (Know Your Customer) and/or AML (Anti-Money Laundering) procedures. HashFlare reserves the right to impose limitations on the Account dependent on the provided information. [NEW SECTION]
7.5. If you do not log into your Account for 12 months, we may terminate the Account. You will be, if possible, notified in advance. If we are unable to contact you, or you do not take any action to prevent account termination, your Balance will be nullified. [MOVED TO SECTION 13.7]
13.6. We may deactivate your Account if all of the following criteria are met:
13.6.1. your Account has no active Contracts;
13.6.2. your Account has no Balance;
13.6.3. your Account has no Balance changes in the last 6 months; and
13.6.4. your Account has no logins in the last 6 months. [SECTION 13.6 IS NEW]