- The cost of the cloud hashrate plan consists of two portions: hashrate fee and electricity fee.
- Hashrate Fee: Hashrate Fee is the rental fee for miners. It is calculated based on the current price of the digital currency market, the prediction of the future, and the diminishing effect of hash power. The total hashrate fee shall be paid when placing the order.
- Electricity Fee: The electricity fee is the money needed to run and service the miners. Electricity costs can be paid via multiple payments. For example, when a user chooses a 360-day plan, he or she can pay for the first 10 days of electricity fee when buying the plan and pay the remaining 350 days of electricity in the future.
Bitdeer products are priced in US dollars, take the following plan for example :
Hashrate Fee = $0.0967/T/D
Electricity Fee = $0.0810/T/D
Total Hashrate Fee = Hashrate Fee/T/D * Hashrate(TH) * Plan Duration(Days) =$0.0967/T/D*50*360 = $1740.00 (the total hashrate fee shall be paid when placing the order.
Total Electricity Fee = Electricity Fee/T/D * Hashrate(TH) * Plan Duration(Days) =$0.0810/T/D*50*360 = $1458.00
(this is the total electricity fee of the whole duration, users shall pay at least 10 days of electricity when first placing the order, then pay the rest before the electricity days runs out. for how to renew electricity days: How to Pay Electricity for a Plan)
Make sure to renew electricity before it runs out, or the mining and output revenue would be suspended.
For example, a user bought a 30-Day plan (from Jan 1st to Jan 30th). He paid for 10 days when initially making the order so the mining will take effect from Jan 1st to Jan 10th and stop on Jan 11th.
If he pays for another 15 days on Jan 15th, the plan will continue on Jan 15th and stop on Jan 30th. This means that there will be no revenue generated between Jan 11th and Jan 14th and these lost days will not be compensated for. Therefore, please make sure to renew the electricity before it runs out so that the mining and your income are not affected.
If you prefer to renew the electricity automatically, Connect your Matrixport account with Bitdeer and turn on the Auto-Renew electricity fee function is highly recommended, here is how: How to Auto-Renew Electricity with Matrixport