Never fully understood, but what exactly is the relationship between bitmain, and bitdeer?
Heard multiple people who seemed to think that bitmain owns bitdeer, but never managed to get a decisive answer?
Bitmain is our strategic partner, but BitDeer is an independent entity. We have a lot of strategic partners including BTC.com, Antpool, F2Pool, BTC.Top, ViaBTC, Exmo and others.
Reason being, hashnest also has crypto mining contracts, so I'm not sure why bitdeer needs to exist.
We operate completely differently than Hashnest. But it's good to have competition regardless? Then there's more choices. Also we aren't the same company... So it would be like saying why is there more than McDonalds in the world. It provides food.
Also heard some negative things about minimum withdrawals. Is Bitdeer at .01 for a minimum w/d?
BitDeer doesn't handle anything with the withdrawals. We never get in the middle of the miner outputs. It goes directly from the pool into your wallet. The pools themselves have a minimum withdrawal and that's up to them how they handle the withdrawals. We're literally just a computing power sharing company.
Bitdeer's pricing has seemed low enough to make me not trust it fully.
And I don't mean to be rude, I just don't trust much in the way of cloud mining anymore. *cough*hashflare*cough*
The way BitDeer operates, it's definitely much less likely you'll run into that kind of issue. We're hoping to change and standardize how this industry works. You can monitor daily on how the servers are working with the dashboard, have direct output from the pools to your wallet, and etc... Maintenance and Electricity fees are pay as you go so there aren't any 3-4 year contracts that can get nuked. Hop into our Telegram and ask our users what they think:
https://t.me/Bitdeer_OfficialAlso check this blog post out from Chris McCann, GP at Proof of Capital. He's well respected and you can check his background, definitely not a typical shiller:
https://medium.com/@mccannatron/ecosystem-landscape-of-the-bitcoin-and-cryptocurrency-mining-industry-69593e9a7b45Hopefully you can set my mind at ease about those questions.
Sorry about the wait, I didn't get a notification.
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