Welcome to my Bitdeer review!
If you are looking to get started with Bitdeer but don’t know if it is legit cloud mining platform, then this article is for you.
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
Let me be completely honest with you, I’m not associated with Bitdeer in any form so I’m not here to sell anything to you.
So, if you’re doing research about is Bitdeer a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Bitdeer and whether you should join this program.
Product Name: Bitdeer
Price: Free to Join
Overall Rank: 50 out of 100
BitDeer is a cloud mining platform that provides computing power sharing services to people around the world.
Established in 2018, it is designed to help people earn cryptocurrencies with only one-click without dealing with the process of purchasing, installing, running, and maintaining your own miners.
Let’s take a look at this short video to learn more about their mining platform.
What is Cloud Mining?
In case you’re just getting started, there are 2 ways for you to start cryptocurrency mining.
1. Cloud Mining
In a nutshell, cloud mining is a way to mine cryptocurrencies like bitcoin without having to purchase and manage all the mining machines.
To start cloud mining, people can register an account at companies such as Bitdeer and participate in the cloud mining process with just a low cost (the mining plan fee).
Basically, you will be buying a certain amount of hash rate, which is the speed of the processing power of the computer operating in the cryptocurrency code. In other words, the greater your hash rate are, the more cryptocurrency you’ll be able to mine since all profits will be distributed to each participant corresponding to the amount of hash rate they own.
2. Individual Mining
Another way is to start individual mining, which is the process of mining alone without joining a mining pool or collaborate with others. In this way, you’re going to purchase your own mining hardware and operate on your own. Honestly, it is way more harder than cloud mining to find “blocks” and mine bitcoins, but you can also anticipate a higher earning potential because it’s all your credit.
Yet, not only will you need to spend thousands of dollars on these high-end equipment, you’ll also need to deal with a lot of things, including:
- Time on getting the equipment started to work
- Monitor the equipment 24 / 7 to ensure it’s working
- Electrical energy cost
- Maintenance fee of the equipment
- Noise and excessive heat produced by the equipment
- Technical expertise required to configure and maintain the miners’ performance.
- And more…
So if you are planning to get started with bitcoin mining but you’re on a tight budget, cloud mining seems to be the only possible option.
How to Start Earning with Bitdeer?
1.Find out which computing power plan fits you best and purchase it.
2. The computing power generated by the designated mining pool will be activated according to your purchase order.
3. Start receiving daily payouts directly from the mining pool
4. Receive Earnings to your balance.
How Does BitDeer Computing Power Sharing Platform Work?
1. Purchase mining rigs from other mining companies.
2. Deliver mining rigs to the mining farm.
3. Run some test and connect the rigs to the mining pools.
4. Start mining.
There are 2 ways to ask for support for questions regarding your purchase orders within the platform.
1. Go to their official website and click “submit a request” on the bottom. Then, fill in the required information and the details of your request.
2. Send an email to their customer service team and they will get back to you within 24 hours on working days.
Bitdeer claims to offer a variety of mining plans that you can earn up to 8 types of cryptocurrency.
However, at the moment of this writing, Bitcoin is the only available option because the other plans are out of stock.
At this time, there are 4 types of bitcoin mining plans available to choose from:
- 150 Days Mining Plan – Lowest Computing Power Fee = $0.0147 / T / Day
- 180 Days Mining Plan – Lowest Computing Power Fee = $0.0138 / T / Day
- 360 Days Mining Plan – Lowest Computing Power Fee = $0.0281 / T / Day or $0.0222 / T / Day
- 360 Days Customized Computing Power Mining Plan = $0.0222 / T / Day
Another way to earn bitcoin is via referral program.
Once you’ve created a free account at Bitdeer, you will get a unique referral link to invite your friends.
When someone registers and place an order using your referral link, you will earn a certain percentage of the commission fee of the first order. The maximum rebate amount is $200.
There are 5 different rank within the referral program, each offering different percentage of bonus:
- Bronze = 1% Bonus
- Silver (After inviting 31 people to buy) = 1.5% Bonus
- Gold (After inviting 101 people to buy) = 2% Bonus
- Platinum (After inviting 201 people to buy) = 2.5% Bonus
- Diamond (After inviting 501 people to buy) = 3% Bonus
As you can see, I’m only at Rank 1 (Bronze) since I’ve just set up my account so my bonus percentage will be 1%.
The Good & the Bad
1. High-End Equipment
The supplier of Bitdeer, Bitmain is a world-leading hash rate chip manufacturer, which has the most advanced integrated circuit technology in the world and it is also the largest cryptocurrency miner manufacturer. This is why Bitdeer can always receive the latest miners to maintain its high-performance and high-consistency for mining.
2. A Legit Company
Bitdeer is a real company that has the world’s largest clusters of pools located in more than 20 countries.
As you can see from the photos above, they have well-equipped mining facilities as well as the most advanced mining rigs in the world, so I guess it’s safe to say that this company is not a scam.
3. Direct Deposit on a Daily Basis
Mining pools will deposit earnings to your wallet accounts at regular intervals every day allowing you to receive digital currencies directly. Also, Bitdeer will not charge any additional fee so you don’t need to worry about extra expenses in your payouts.
4. 24-hour Professional Support
Unlike other cloud mining online platforms, Bitdeer provides a 24 / 7 support service so you can contact their support team whenever you’re stuck.
1. Restricted Countries
If you’re belong to these countries or regions, you’re not allowed to purchase any mining plans because computing power sharing services are not legal.
2. Low Earning Potential
Although Bitdeer cooperates with the 5 biggest mining pool in the world in order to improve its service consistency and ensure customers a stable income, you simply cannot earn a considerable amount of money with cloud mining.
With the growing number of users as well as advanced mining machines, bitcoin mining has become a highly competitive industry and it’s only getting more difficult to earn crytocurrency.
3. Crytocurrencies Are Volatile
To be honest, all investment related to crytocurrencies especially bitcoin is of high risk because the market capitalization plays a huge role in affecting your earnings.
Not just that, the value of crytocurrencies fluctuated rapidly and they may decrease significantly at once. In other words, your earnings may not be able to cover the fee of your mining plan.
Who is Bitdeer for?
Like any other cloud mining companies, Bitdeer is for ANYONE who wants to earn cryptocurrency without managing their own mining hardware.
But keep in mind that it is not a get-rich-quick scheme and you might have a chance to lose money.
If you’re looking for a better, legitimate way to earn passive income online, you may want to learn affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing means a person promotes other peoples’ products and earn a certain percentage of commissions when someone makes a purchase through his affiliate links.
Now, there are a lot of companies already have a thriving affiliate network that you may heard of, such as Amazon, Ebay, Clickbank, and many others, providing MILLIONS of products.
Once you’ve built your own affiliate marketing online business, it will start running on autopilot and generate passive income even when you’re sleeping. What’s more, affiliate marketing is an evergreen business because there are BILLIONS of people online and they’re purchasing all day.
You’ve now learned the best way to start a successful evergreen online business. All you need now is a step-by-step training program to help you get start from scratch.
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Bitdeer at a Glance
Product Name: Bitdeer
Price: Free to Join
Overall Rank: 50 out of 100
Is Bitdeer a Scam?
No, Bitdeer is a reliable cloud mining online platform and it’s probably one of the best in the market.
Unlike affiliate marketing, crytocurrency mining is just something I would not get into simply because it’s not a profitable business with a little risk.
So if you want to start earning stable revenue online, my advice is to start affiliate marketing.
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