Bitcoin Forum

So this forum ad attracted my attention - it seems to offer real(?) mining plans?

Let's take a look at one of their plans;

Are my calculations off? Is this site legit? (I assume so?) (I know that this does not take into account changes in difficulty, - but even with x rise, ROE would still be quite high..)
Why are they selling these contracts when keeping them themselves will benefit them far greater?

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Or has this just become really attractive due to the rise of BTC? If so, does anyone know what the ROE% was before the sudden jump, it seems that they've been around for quite a bit looking at their previous rounds?

Just wondering if anyone has ever used them here.

I can't say. I never did try out one of their contracts, despite the bonus offers they had previously. I would say those numbers only stay the same for a week maybe less unless the price takes a dive. Sometimes they wait out volatility before they up the prices. It's a sweet spot in buying hardware as well, I just rarely catch it.

Here's a discussion that went on in January where jackg gave there contract a go. Might help.

https://bitcointalk.org/index.php?topic=5086799.msg48760664#msg48760664

Thanks, i'll definitely give that a read, and look into them a bit further to make sure things check out before deciding anything.

So,, you're saying you've never used them?  :P Or...?

lol, man another great example of why punctuation works. That and proper spelling. To clarify I have never bough tone of these contracts or deals. I usually advise people against them as well, as most people haven't done their homework.

I have definitely considered some of the shorter term offers they had  few months ago, ultimately I just opted out.

I had several good results with BitDeer,
Avg. Annual ROI can be up to 50%.
You can check the spreadsheet below for more detail.
https://docs.google.com/spreadsheets/d/1sKUFsZU-mkL4WyrM14RDMzxU4BEGbBwd5h-tHmwogv8/edit#gid=1116387049

I was doing a bit of research on Bitdeer and figured out that they open up new contracts at Q4 every year. A friend of mine is actually in charge of marketing Bitdeer in all English speaking territories and it is indeed a great way for people to get into mining.

One of the few cloud mining sites that are actually from one of the largest manufacturers of mining rigs. I'm from India. It's hard if not impossible to get a miner in here. Bitdeer is the next best thing for me IMO.

Keep an eye out like I said, they'd be restocking their contracts pretty soon.


Edit -
I am planning to purchase a few small contracts myself.

If one is going to invest in "cloud" mining, why wouldn't you go through Hashnest?
No contract length, and you get to buy it buy the TH/s, and can sell your contract, later.

At least then, you'll have a pretty good idea that there truly is mining equipment backing your contract up.

Bitdeer looks too good to be true, as a generality.
And most bitcoin users know exactly what "too good to be true" means.

Do not make the mistake of assuming that I am a newbie who does not know how to distinguish shit from chocolate.

BitDeer is the official mining sub of Bitmain and if you are doubting Bitmain then you are doubting nearly half of the hashpower of BTC as of today.

There is nothing on Bitdeer that is too good to be true, and if there is, I suggest you to let be known here in this thread for everyone to criticize, including myself.


edit :

I don't trust hashnest because in my book, they are too good to be true. Although safe, I assume. I'd much rather go with Onehash instead of anything else as they seem more professional in every aspect.

Hashnest is my preference, although I'm on both now