Rules for the Acceleration Return Plan
The Acceleration Return Plan (
https://www.bitdeer.com/en/pricing?id=1 ) uses more effective product design as well as lower fees to help users recover their mining investment rapidly and actively respond to changes in market trends.
Standard of Return
Within the term of this plan, the return standard is defined as the accumulated mining revenue from the mining pool minus the paid electricity fee, settled daily on UTC+0. If the calculation amount is less than the principal (computing power fee), it is defined as not return and the earnings distribution follows phase 1. If the calculation amount is equal or greater than the principal, it is defined as has returned and the earnings distribution follows phase 2. Once phase 2 trigged, the earning distribution will follow phase 2.
Phase 1:
Users get all the net earnings during this period.
Phase 2:
Users and BitDeer calculate the earnings on a daily basis (UTC+0) and follow the fixed proportion to distribute the net earnings. Please check the proportion in the order summary page. The daily net earnings = daily mining revenue - daily electricity fee. If the calculation is negative, BitDeer will not involve in the earning distribution.
Tips for electricity fee payment
BitDeer offers a flexible payment mechanism for electricity fees so that users can select the best payment strategy in the context of price fluctuation. Even if the daily earnings are less than the electricity fee, users can also continue to mine the cryptocurrency in an improving market environment.
Description of mining outputs
The daily mining outputs are made variable by two factors including the mining difficulty and the operation and management level of mining equipment. The first factor is unpredictable and uncontrollable, but BitDeer can always deploy the most sophisticated dispatching technology and make the utmost effort to guarantee the operation of our data center at its best capacity.
Notice:
1. The daily mining output is calculated in USD at 0 AM, UTC+0.
2. Rules for exchange rate settlement:
The mining plan in the earning distribution rule involves the computing of users’ cumulative income in fiat currency. The weighted average result of the BTC-USDT price is sampled from seven leading exchanges (Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit and LMAX Digital) at 0 AM, UTC+0.
3.
BitDeer reserves the right of final interpretation.Bold is all that matters : Translation = "we can say fuck you"
I looked at this carefully. I can buy 100 th for 864 and 60 days of power for 231 total cost is 1095.
or pay 2900 + 200 + 700 = 3800 to own a 110 machine outright.
Now if they were not stone cold thieves and gave you the ability to buy 360 days of power at 1380 along with 864 for grand total of 2244 I would argue that it could be worth while.
since you get 100th for 360 days with power cost included for 2244. They will not guarantee this and cancel contract if btc tanks or soars.
I had a lucrative contract with them back in feb 2017 and when btc soared they cancelled the contract in Nov 2017.
There is a huge chance they will simply take the money you paid them and not mine at all just buy coins with the cash you give them and pay them back over time.
Simply cancel contract due to whatever reason they choose. if btc shifts in price. a 360 day contract with 60 days power is 1095 in btc that is .166 btc right now. add .035 and you are at .201 btc for 120 days of the contract and power cost.
They simply hold that until may 20 and slowly pay 0.0008 a day back to you on may 20
I need to check this again tomorrow120 days later that is 0.096 they cancel contract for a bs reason 0.105 profit. they never purchased any gear at all.
if you keep mining to day 240 you will need to give them a grand total of .271 btc get paid 0.192 they make 0.079 btc
just by holding your btc.
This is flat price flat diff calculation.
lastly if you go 360 contract is dead. 0.0008 x 360 = 0.288 paid back in btc but you gave them .341 btc
I figured the ˝ ing in as a starting point.
So if we stay flat you lose 0.053 btc at 6600 = 350 usd loss
It is not impossible to turn a profit but it is very difficult. you would need to pay in .166 btc now worth 1095
wait till may 20 to start getting coin. BTC needs to whale like a mofo. unreal 20 k 30 k then your power cost in btc drops but diff will go up.
so I can't quite figure a case that works exactly in your favor. but just hold the .166 chances are more then 90% it will do better then if you buy the contract.
I am a bit tired maybe I missed something but I do not think so.
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