Bitdeer Review

The mining sector plays a crucial role in the crypto economy, ensuring the decentralization of crypto networks and transaction validation. While it has become more institutionalized due to increasing technical requirements, solutions like Bitdeer aim to democratize mining and empower individual miners. In this guide, we explore Bitdeer's operations and highlight its pros and cons.

What is Bitdeer?

Bitdeer is described as the world's leading computing power-sharing platform, designed to empower individual miners and contribute to the decentralization of the mining economy. It offers cloud mining services, eliminating the complexities of crypto mining. Users can access cloud computing power and redirect it to their chosen mining pool. Bitdeer prides itself on traceable computing capacity, direct mining payments, transparency, and customizable service plans.

Since its launch in December 2018, Bitdeer has served a global community of miners across 200 countries, with over 2.5 million monthly users. The platform has mining facilities across Asia, Europe, and America, housing hundreds of thousands of specialized mining machines. It has strategic partnerships with Bitmain, the leading mining hardware manufacturer, and reputable mining pools, supporting mineable coins like Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ethereum Classic, Z Cash, Decred, and CKB.

Bitdeer also features a hashrate marketplace, acting as an intermediary between hashrate providers and users, allowing the purchase of hashrates from merchants.

Bitdeer also offers cloud mining services tailored to institutional investors, including cloud hosting services, compliant procurement, and executive consultation.

Bitdeer's Service Plans

Bitdeer primarily offers service plans for Bitcoin and Bitcoin Cash mining. The plans include:

• Antminer S19 plans with varying hashrates, durations, and static revenue rates.
• Antminer S19 Pro plans with different hashrates and static revenue rates.

Bitdeer's pricing fluctuates based on market variables, considering supply and demand and mining difficulty.

Other Details About Bitdeer

Bitdeer integrates with mining pools to provide a transparent system, allowing users to monitor hashrates on mining pools. Payments from mining activities are made directly to users' wallets, reducing withdrawal delays and enhancing security.

The platform launched a mobile app in 2020, enabling users to manage their accounts on-the-go, buy plans, pay for electricity, and track active plans.

Bitdeer operates as a subsidiary of Bitdeer Group, the parent company of Mining++, a smart mining platform, as of March 4, 2021.

The Bitdeer website features a calculator to help users predict future earnings and a comprehensive FAQ page explaining technical processes.

Pros and Cons of Bitdeer

Pros:

• Democratizes Crypto Mining
• Uses Top Mining Gear
• Partners with Reputable Mining Pools
• Provides A Transparent System
• Payments made directly to Users' Wallets
• Has A Mobile App
• Offers A Wide Variety of Service Plans
• Globally Available
• Initiates Various Community Programs

Cons:

• Supports Only Bitcoin and Bitcoin Cash