Topic: Bitmain promoting BitDeer is it scam or not? - page 2. (Read 808 times)
I think they're trying to get a hedge in case the currency goes downwards. I wouldn't be surprised if they've started selling their stake since the second fall in order to recoup profits or at least selling the stuff they're getting now to pay off debts.
Was just chatting about this whole thing with JackG, and while this doesn't look like a scam as they are paying out -- the returns that their providing do show how badly Bitmain needs cash to prop themselves up.
There's no reason for Bitmain to give out returns of 24 percent per year, as they could (if they were a company without financial issues) obtain a commercial loan for something that is much less than that. I'd say this is a combination of bitmain wanting/needing cash, and them wanting to build an alternate reputation in the cloud mining space. As we all do know that their current reputation in the mining space is not too good. (That's a nice way of putting it, I guess)
We'll see where this goes I guess, I just don't see a company like bitmain shutting this down and running off with money.
There's no reason for Bitmain to give out returns of 24 percent per year, as they could (if they were a company without financial issues) obtain a commercial loan for something that is much less than that. I'd say this is a combination of bitmain wanting/needing cash, and them wanting to build an alternate reputation in the cloud mining space. As we all do know that their current reputation in the mining space is not too good. (That's a nice way of putting it, I guess)
We'll see where this goes I guess, I just don't see a company like bitmain shutting this down and running off with money.
If you get the right altcoin then yes...
Cloud mining is good while finding that altcoin though.
Cloud mining is good while finding that altcoin though.
its just not worth it, its better buying probably any alt and hold it, this is how it sucks miningg at bitdeer.
You will never rich fast in cloud mining we are just testing it about their offer (they have a cheap plan last month) since Bitdeer is promoted by Bitmain I feel it's worth it to try. Since it's paying I consider it as legit but I don't recommend to stay longer on this cloud mining.
Buying altcoin can be a good idea than this but the problem it's hard to know which altcoin can give you a big profit in the future. Let's see for both Beam and Grin coin which is trending nowadays.
Buying altcoins can rich fast?
its just not worth it, its better buying probably any alt and hold it, this is how it sucks miningg at bitdeer.
You will never rich fast in cloud mining we are just testing it about their offer (they have a cheap plan last month) since Bitdeer is promoted by Bitmain I feel it's worth it to try. Since it's paying I consider it as legit but I don't recommend to stay longer on this cloud mining.
Buying altcoin can be a good idea than this but the problem it's hard to know which altcoin can give you a big profit in the future. Let's see for both Beam and Grin coin which is trending nowadays.
its just not worth it, its better buying probably any alt and hold it, this is how it sucks miningg at bitdeer.
Accurate figures:
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
so that is 2.4% profit ratio
Yeah so it's quite good 25% APR.
Accurate figures:
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
so that is 2.4% profit ratio
Accurate figures:
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
30 day miner rental + 30 day maintenance fees: 0.03898437
30 day revenue: 0.03993997
Profit is about 0.00095. Its alright I guess...
Hi jackg,
Sorry if I wasn't clear.
I guess I'm wondering if they removed your daily operating cost from this revenue, or if you had the option to pay for daily operating fee another way.
Looking at this .038 was the upfront for the contract - take that from revenue of .0399 leaves = .0019 BTC profit or does this not include the daily fee is that how you got to the number .008 BTC that was unable to be withdrawn?
I was just trying to clear up whether or not over the 30 days you had withdrawn any BTC?
If not did it work out daily that they showed Approximately you earned .0015 BTC but paid .001425 (just a guess figure) BTC daily fee, leaving you with a .00075 profit for the day?
Sorry if I wasn't clear.
I got an average earning of about 0.0015btc/day in revenue.
I guess I'm wondering if they removed your daily operating cost from this revenue, or if you had the option to pay for daily operating fee another way.
Quote
Having paid 0.038 about for a contract, after the 30 days it came to 0.0399 in revenue.
Looking at this .038 was the upfront for the contract - take that from revenue of .0399 leaves = .0019 BTC profit or does this not include the daily fee is that how you got to the number .008 BTC that was unable to be withdrawn?
I was just trying to clear up whether or not over the 30 days you had withdrawn any BTC?
If not did it work out daily that they showed Approximately you earned .0015 BTC but paid .001425 (just a guess figure) BTC daily fee, leaving you with a .00075 profit for the day?
I just gave them a suggestion to get their own wallet, then we can leave our balance in the wallet like hashnest.
I already got the money back its all good. I Dont like the wallet idea.
I just gave them a suggestion to get their own wallet, then we can leave our balance in the wallet like hashnest.
check the hashnest discussion and support thread...They didn't seem too interested. I'll just have to switch to btc.com when my next payout comes...
"
Live chat said it takes 5-7 working days. Let's hope it's not like hashnests working days...
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?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...
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.
well it seems profitable except the min withdrawal problem. Did you check with their support how to resolve this kind of case? Because I think it should be a common case and they should have a solution there.
The coins are stuck because they are below the minimum threshold.
I need 0.001 extra, I'll have a see if any miners will take it on for a small amount. I might message sidehackand ask if he can do it. I was going to use an exchange like mrr (mining rig rentals) but I can't work out how it works.
I need 0.001 extra, I'll have a see if any miners will take it on for a small amount. I might message sidehackand ask if he can do it. I was going to use an exchange like mrr (mining rig rentals) but I can't work out how it works.
Thanks for the updates and actually testing out the system.
Shows how cloudmining really only works if you get in at a discount, or early which usually go hand in hand.
As for your loss- or just coins below min withdrawal. Are they stuck because you previously withdrew some or did you never get over the threshold because of maintenance fees?
Im just wondering if you could have paid the fees another way or from another wallet so that your coins werent stuck.
Shows how cloudmining really only works if you get in at a discount, or early which usually go hand in hand.
As for your loss- or just coins below min withdrawal. Are they stuck because you previously withdrew some or did you never get over the threshold because of maintenance fees?
Im just wondering if you could have paid the fees another way or from another wallet so that your coins werent stuck.
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?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...
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.
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? 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...
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...
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...
I did prefer the hashnest redemption idea and miner owning a lot better.
Now it’s a great profitability exercise for them... guaranteed payments!
A bit like what genesis mining do and I hate them for it.
I made 0.0013 in 24 hours, probably expected (I’m not advocating anything, you can all, work out for yourself if it’s worth it and hopefully decide it isnt)
@steamy, I expected $0.26 for electricity... And nicehash wanted an odd number for something, slush pool was the first and thrrefkre the best, they also don’t seem to be very politically motivated in making bitcoin into anything and just mine it to help the network.
+1, i like hashnest a lot better, u could trade hash, u could mine untill its not profitable, here u cant trade, and u cant mine after the period is over, and especially u cant sell the hash,....ppl should stop investing in bitdeer, any maybe they will come back to hashnest to offer new miners, site is working normal Now it’s a great profitability exercise for them... guaranteed payments!
A bit like what genesis mining do and I hate them for it.
I made 0.0013 in 24 hours, probably expected (I’m not advocating anything, you can all, work out for yourself if it’s worth it and hopefully decide it isnt)
@steamy, I expected $0.26 for electricity... And nicehash wanted an odd number for something, slush pool was the first and thrrefkre the best, they also don’t seem to be very politically motivated in making bitcoin into anything and just mine it to help the network.
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