Bitcoin Forum

Economy => Service Discussion => Topic started by: miguelik on April 11, 2020, 11:28:28 AM



Title: Can bitdeer be profitable?
Post by: miguelik on April 11, 2020, 11:28:28 AM
Hello,

looking at bitmain's page I found this web

https://www.bitdeer.com/pricing?id=1

Where they seem to offer lots of plans with very good design and that kind of stuff....

The thing is... if it was profitable the way they offered i for the user, why would the do it in the first place?

I can think in some reasons, such as liquidity and that kind of stuff...

Has anyone tried it?


Title: Re: Can bitdeer be profitable?
Post by: philipma1957 on April 11, 2020, 04:21:07 PM
Hello,

looking at bitmain's page I found this web

https://www.bitdeer.com/pricing?id=1

Where they seem to offer lots of plans with very good design and that kind of stuff....

The thing is... if it was profitable the way they offered i for the user, why would the do it in the first place?

I can think in some reasons, such as liquidity and that kind of stuff...

Has anyone tried it?

it has a we can say "fuck you anytime we want to" clause built into it.

When they used to be hashnest or should i say when bitmain was running hash nest in 2017  and  coins got smoking hot they should fuck you and cancelled the contract.


While I still turned a profit even with the cancelled contract 1.0 btc became 1.1 btc and  btc was 1500 usd when I purchased and 5000 usd when they cancelled using the fuck you cause we can clause.  If they had honored the contract the 1.0 would have been 1.2 btc and it would have came due in dec 2017 when coins were about 16000 usd.

I read all the fine print on bitdeer and I do not recommend buying one of them.  you are better off with buying coin with cash.


Title: Re: Can bitdeer be profitable?
Post by: squatz1 on April 16, 2020, 12:31:57 AM
Hello,

looking at bitmain's page I found this web

https://www.bitdeer.com/pricing?id=1

Where they seem to offer lots of plans with very good design and that kind of stuff....

The thing is... if it was profitable the way they offered i for the user, why would the do it in the first place?

I can think in some reasons, such as liquidity and that kind of stuff...

Has anyone tried it?

it has a we can say "fuck you anytime we want to" clause built into it.

When they used to be hashnest or should i say when bitmain was running hash nest in 2017  and  coins got smoking hot they should fuck you and cancelled the contract.


While I still turned a profit even with the cancelled contract 1.0 btc became 1.1 btc and  btc was 1500 usd when I purchased and 5000 usd when they cancelled using the fuck you cause we can clause.  If they had honored the contract the 1.0 would have been 1.2 btc and it would have came due in dec 2017 when coins were about 16000 usd.

I read all the fine print on bitdeer and I do not recommend buying one of them.  you are better off with buying coin with cash.

Yup, this is it. I've tested it alongside JackG at a certain point in time, and honestly it's just based on your luck.

BitDeer is literally able to come to you and say -- we actually are having technical difficulties right now so you're not going to get paid for x amount of days, though we'll credit you at the end. At first glance this doesn't sound like an issue, though when you actually look at that that's NOT OKAY. Because they're going to credit you at the end of lets just say 6 months or so, what that does to you after difficulty adjustments is that it really gives you about 50-75 percent of the mining value of today.

If you were able to confirm that they were fully legitimate and not lying, then MAYBE it would be okay. But you're not able to confirm this. They can take hours from you whenever they want, pocket the difference to make some money, and then give you shit at the end.

Not worth it. If you make money you're lucky.


Title: Re: Can bitdeer be profitable?
Post by: miguelik on April 20, 2020, 07:44:42 AM
Okay, thank you both, if they do have that clause, then they will let you lose in case a boom happens but you'll eat the losses in case bitcoin dumps...


Title: Re: Can bitdeer be profitable?
Post by: squatz1 on April 20, 2020, 10:32:27 AM
Okay, thank you both, if they do have that clause, then they will let you lose in case a boom happens but you'll eat the losses in case bitcoin dumps...

I mean the two of us (I'm assuming) don't know the actually legal clause that they're using to do this to people, or where exactly it is in the TOS, but it is something that they actively do to the people that buy their services.

Think about it from a business standpoint: Why in gods name would a company give you the profits that they could get from just mining with their own machinery? There's no reason other then raising capital.

I can tell you right now that BitDeer is going to play dirty tricks with you, and they're going to ensure that THEY'RE the ones that are protected. Buy your own machinery if you can.

If you do truly want to use bitdeer though, go ahead and use the btc.com difficulty mining tool to ensure that you have the best shot at a profit. Good luck!


Title: Re: Can bitdeer be profitable?
Post by: miguelik on April 22, 2020, 06:33:06 PM
Okay, thank you both, if they do have that clause, then they will let you lose in case a boom happens but you'll eat the losses in case bitcoin dumps...

I mean the two of us (I'm assuming) don't know the actually legal clause that they're using to do this to people, or where exactly it is in the TOS, but it is something that they actively do to the people that buy their services.

Think about it from a business standpoint: Why in gods name would a company give you the profits that they could get from just mining with their own machinery? There's no reason other then raising capital.

I can tell you right now that BitDeer is going to play dirty tricks with you, and they're going to ensure that THEY'RE the ones that are protected. Buy your own machinery if you can.

If you do truly want to use bitdeer though, go ahead and use the btc.com difficulty mining tool to ensure that you have the best shot at a profit. Good luck!

Yeah thanks

I completely aggree on the fact it makes no sense for them to sell this "if" it was really profitable

So i will not try...

On another subject... has anyone made a bot for nicehash where taking into account difficulty and that more variables "autobuys" hashrate? Can that be profitable? hehe thanks for the answer


Title: Re: Can bitdeer be profitable?
Post by: Andy88 on March 31, 2021, 12:51:05 PM
Hello everyone!
Yesterday I saw a message about cloud mining from one of the Bitmain employees or ex employess. Earlier I thought to buy some equipment, but to do of the difficulties with the purchase, I decided to try cloud mining.
I bought two packages 300 TH for 120 days and 50 TH for 480 days. So let’s see how it’s works!
Let’s discuss bitdeer cloud mining here.


Title: Re: Can bitdeer be profitable?
Post by: Lucius on April 02, 2021, 01:28:16 PM
I decided to try cloud mining.
I bought two packages 300 TH for 120 days and 50 TH for 480 days. So let’s see how it’s works!

Cloud mining is something you will certainly not get rich on, and in most cases it is SCAM that will cost you the entire investment. Surely you could have spent your money much better, because mining is for those who have a deeper pocket and can set aside enough money for the right equipment.

For other people’s opinions it is best to visit the following link, although you should not take it as 100% true, anyone can write a fake review.

https://www.trustpilot.com/review/bitdeer.com