Bitmain promoting BitDeer is it scam or not?

[mercedes321]

see today, its better to be in LTC then mine BTC, perfect reason guys to not support their mining S15, if no L3 (later when LTC is even more price then now) or L4. It can happen that L3 will be profitable, and they will not offer them at hashnest, why they dont shut down hashnest,...i dont get it, will they restart or not...if not then close it....

[jackg]

see today, its better to be in LTC then mine BTC, perfect reason guys to not support their mining S15, if no L3 (later when LTC is even more price then now) or L4. It can happen that L3 will be profitable, and they will not offer them at hashnest, why they dont shut down hashnest,...i dont get it, will they restart or not...if not then close it....

Nah. There's probably a lot of money on there for people to need to take out.
They've closed down all of the marketplaces, this might be a time where you'll just have to accept it and let it go...

I'm guessing you hold some ltc, why not see if someone will give you a miner hosting contract or something?

[mercedes321]

no, i want to trade hash, otherwise im out from mining, and its at 82% right now maintance vs profitability for L3....S9 is at 120% so,...never mind...

[TCW003]

The gift card can be used to pay for maintenance fee which is not bad.
https://bitcointalk.org/index.php?topic=5103953.msg49754759#msg49754759

[TCW003]

see today, its better to be in LTC then mine BTC, perfect reason guys to not support their mining S15, if no L3 (later when LTC is even more price then now) or L4. It can happen that L3 will be profitable, and they will not offer them at hashnest, why they dont shut down hashnest,...i dont get it, will they restart or not...if not then close it....

Nah. There's probably a lot of money on there for people to need to take out.
They've closed down all of the marketplaces, this might be a time where you'll just have to accept it and let it go...

I'm guessing you hold some ltc, why not see if someone will give you a miner hosting contract or something?

LTC,BCH mining plans are online on bitdeer.com, and i'm doing the calculation.

[pandalion98]

Yes this is the hope.



As an update, I've earnt about 0.03 from my contract with them so far.

You can't withdraw less than 0.01 afaik unless they batch the last one or something so maybe that's a new scammy idea of theirs. We'll make sure they keep 0.008 each contract they buy so they have to buy 5 more to get everything out...

7 days passed, how much have you earned? good result?

I bought it just after the announcements.
I came to the end of a 30 day contract.

They create a pool account specifically, in hindsight, go with btc.com as the pool.

I got an average earning of about 0.0015btc/day in revenue. Having paid 0.038 about for a contract, after the 30 days it came to 0.0399 in revenue. I made a 0.008 loss because antpool only allow withdrawals per 0.01 btc. I'm going to try to use my workaround to getting the rest out but I'll see how it goes.

I contacted support about this long before the related contract was due. I had one of those 2TH/30D plans they gave for free, but it only made around BTC0.004 on Antpool if I'm not mistaken.

They said that the funds, even below the threshold, would be sent after the plan was completed. Lo and behold, the coins were in my wallet 2 days after the plan was done.

I reckon this would only happen if the amount is significant enough. I won't really count on 5000 satoshis making it into my wallet.

[michellee]

Yes this is the hope.



As an update, I've earnt about 0.03 from my contract with them so far.

You can't withdraw less than 0.01 afaik unless they batch the last one or something so maybe that's a new scammy idea of theirs. We'll make sure they keep 0.008 each contract they buy so they have to buy 5 more to get everything out...

7 days passed, how much have you earned? good result?

I bought it just after the announcements.
I came to the end of a 30 day contract.

They create a pool account specifically, in hindsight, go with btc.com as the pool.

I got an average earning of about 0.0015btc/day in revenue. Having paid 0.038 about for a contract, after the 30 days it came to 0.0399 in revenue. I made a 0.008 loss because antpool only allow withdrawals per 0.01 btc. I'm going to try to use my workaround to getting the rest out but I'll see how it goes.

I contacted support about this long before the related contract was due. I had one of those 2TH/30D plans they gave for free, but it only made around BTC0.004 on Antpool if I'm not mistaken.

They said that the funds, even below the threshold, would be sent after the plan was completed. Lo and behold, the coins were in my wallet 2 days after the plan was done.

I reckon this would only happen if the amount is significant enough. I won't really count on 5000 satoshis making it into my wallet.

Because you were only mining for the first 10D and after that, you need to pay electricity fee for another 10D or more. It's not recommended because even if you 100TH, you still need to pay the electricity day by day to them. I think it's not worth it because I think they are not transparent to explain to the customer.

If you want to withdraw for 0.001 btc, you need to change the pool into btc.com so you can be able to withdraw 0.001 btc and not 0.01 btc.
That is what I can understand. Still, they are not worth.

[jackg]

This is not advice and I am not an affiliate of bitdeer or bitmain.


I bought a 60 day 200ths contract with them and it made 0.00820507 btc profit and 1. 7918637% profit so I wasn't too bad. I mean that would equate to about 10.7% APR.

I think there'd be quite an issue if the exchange rate went up significantly but I was   quite happy with it as is atm.

[hashnest]

see today, its better to be in LTC then mine BTC, perfect reason guys to not support their mining S15, if no L3 (later when LTC is even more price then now) or L4. It can happen that L3 will be profitable, and they will not offer them at hashnest, why they dont shut down hashnest,...i dont get it, will they restart or not...if not then close it....

When PPS payout is lower than maintenance fee for a period of ten continuous days, the contract is terminated.

Now Second batch of S15 miners are available at our website, our S15 miners will be able to switch to mine BCH(Bitcoin cash) in a few weeks.

There are no good LTC miners at the market now, L3 is high risk to invest. Once we have good miners, we will start mine LTC again at Hashnest.com

[TCW003]

Because you were only mining for the first 10D and after that, you need to pay electricity fee for another 10D or more. It's not recommended because even if you 100TH, you still need to pay the electricity day by day to them. I think it's not worth it because I think they are not transparent to explain to the customer.

If you want to withdraw for 0.001 btc, you need to change the pool into btc.com so you can be able to withdraw 0.001 btc and not 0.01 btc.
That is what I can understand. Still, they are not worth.

You don't need to change to btc.com to withdraw. The mininum payout from antpool is also 0.001btc.
You can check their FAQ: https://bitdeersupport.zendesk.com/hc/en-us/articles/360023375292-How-to-Change-the-Mining-Pool-%E5%A6%82%E4%BD%95%E6%9B%B4%E6%8D%A2%E7%9F%BF%E6%B1%A0-

[TCW003]

Which coin are you mining, BTC or BCH? I tried the calculation, BCH got more days to get its ROI. But I think BCH has more potential? How do you think?

https://i.loli.net/2019/03/28/5c9c4cfa7c06a.png
https://i.loli.net/2019/03/28/5c9c4cfa805ef.png

[leowonderful]

I've got a small contract going at Bitdeer and I'm mining BTC. It's currently more profitable so I'm mining on that chain, and there's no guarantee that BCH will rise in the future even though you might think it will. There's already enough variables in mining, adding more does not help. If you really think the price of BCH is going to rise you can just buy BCH, hold and sell when it rises as well.

[proTECH77]

I've got a small contract going at Bitdeer and I'm mining BTC. It's currently more profitable so I'm mining on that chain, and there's no guarantee that BCH will rise in the future even though you might think it will. There's already enough variables in mining, adding more does not help. If you really think the price of BCH is going to rise you can just buy BCH, hold and sell when it rises as well.

Definitely, the possibility of the Bitcoin Cash to rise in the nearest future is high although the current market price seem not positive about this. Absolutely good contract but am a noobs when it come o the technical side of the technology, if not i would have affiliate with you if possible. Just rise my hope on BCH.

[jackg]

I've got a small contract going at Bitdeer and I'm mining BTC. It's currently more profitable so I'm mining on that chain, and there's no guarantee that BCH will rise in the future even though you might think it will. There's already enough variables in mining, adding more does not help. If you really think the price of BCH is going to rise you can just buy BCH, hold and sell when it rises as well.

I'm with this. Use your earnings to buy bch if you want and then you'll get more. Laziness isn't often rewarded...

[TCW003]

S17 mining package is on BitDeer.com now! It's really as fast as Bitmain.

https://twitter.com/BitDeerOfficial/status/1112186501884829696?s=20