publish2018-03-08 10:29 pm

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Why Choose Eobot for Cloud Mining

Eobot is one of the earliest platforms on the market to provide services regarding cloud mining. There are different contracts offered by the company and you can choose a contract as short as 24 hours up to 5 years. However, Eobot is trying to remain up to date with all the new trends of crypto currency. You can see that new features are being added from time to time and hardware is also upgrading regularly.

Eobot homepage

Eobot offers cloud mining services for SHA256 and Scrypt algorithms which follow the both difficulty of bitcoin and litecoin respectively. The company is offering cloud mining services for almost 21 different cryptocurrencies and users have the capability to choose their payout currency from the list as well. However, the mining rigs have miners from the Antminer S series and currently mining on Antmine S7 and S9 machines.

Once a block from the coins is mined it will immediately appear on the account of the user. There is no need to wait for the payout periods, the minutes results can be seen every single minute. The users can also invest in the fractions of the cloud instances. However, there is no need to buy the hashpower of a complete mining rig. The best thing about cloud mining is that the direct costs of electricity, hardware cooling and replacement cost can be saved. However, Eobot charges a maintenance fee in order to cover the costs of hardware used by company.

The rented hardware from the company can directly mine to the pool of a user with MyPool application. It will be helpful to reduce the maintenance fee to 0% and allows the users to mine coins that are not even supported by Eobot. Users can also avail 24 hours rental i.e. 1TH/s for SHA256 algorithm costs 0.0030 BTC around 33.64 USD and 1GH/s for Scrypt algorithms costs 0.2BTC which is around 2242.43 USD.

Beside cloud mining the company is also running various side projects. In the Cloud Seti projects, users can rent capacity of hardware to search for aliens in the space, this is usually a charitable activity. However, the other non-profit activity involved is Cloud Folding, where the machines are being used for medical research.

Review

Eobot launched its cloud mining operations in April 2013 in United States and is known as one of the best platforms to choose for cloud mining. There are over 1802927 users that are making use of this platform to mine their coins and growing. However, millions and millions of API hits every day and there are thousands of users that are online at any moment in the chat section. There are over 8 PHS of SHA-256 mining capacity running and sold to the users. However, users can also make use of Faucet to earn free coins every day.

On this platform, it is really easy to mine bitcoins and other cryptocurrencies as well with the help of same mining contract. The UI is very simple and the mining stats are always updated in real time.
Some of the users also call this platform as “Eobot Wallet” because of the fact of the possibility of having crypto wallets for all available coins on this platform at one place.

Pricing

Eobot generates their profits by offering various mining contracts and charging fees of electricity and maintenance. However, you can start mining on this platform with as low as $10.

As far as it’s about cloud mining rental lengths, you will have two available options:

·24 hours

·5 years

We have already mentioned the two clouds that are available. However, the approximate price for 4.0 GHS is $0.00021/GHS/Day and you can expect your account to be held for at least 6 months if you are making use of your credit card. But when it comes to the electricity and maintenance charges you can expect a fee of approximately $0.00021/GHS/Day for the 4.0 GHS and S9.

Every minute fee will be removed and deducted from your potential mining payouts. Your balance will be available on the site and it will reflect your payouts after the fees have been deducted.

Furthermore, this platform also offers a “MyPool” feature which allows you to rent a cloud miner and start mining directly into your personal worker/pool. Whereas, MyPool lowers the maintenance and electricity fees to 0% and it will allow you to mine the cryptocurrencies that are not supported by Eobot. It will take around 24 hours by MyPool to get started and Eobot is not liable to finance any downtime due to invalid data. Therefore, you should check your pool info twice.

It is important to keep in mind that Eobot is not available in Cuba, Syria, North Korea and Iran due to US Economic Sanctions Laws.

eobot my pools

Contract Period

Eobot offers two different mining contracts for 5 years or for 24 hours. It depends on your needs that what you are looking for. You can choose a short term contract or a long term contract as per your needs. However, this website is neatly designed and it also offers a fee estimator to enable you to calculate daily profits in exchange for the hashpower that you have purchased. The main page of the website is very clear that a large number of investments will take around 52 months to break even.

Contracts

Bitcoin cloud mining contracts are generally sold as bitcoins on a per hash basis for a specific period of time and there various factors that impact the contract profitability of Bitcoin cloud mining. However, it has primary factor being the Bitcoin price.

Contracts vary from hourly to multiple years. The primary factor that is unknown to both parties is the Bitcoin network difficulty and it significantly determines the profitability of the bitcoin cloud hashing contracts.

Bitcoin network difficulty can be measured by how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. However, valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for the shares. The network difficulty of Bitcoin changes roughly after a cycle of every two weeks or it can be changed after 2016 blocks. There are all types of options for cloud mining for other forms of block chain technology.

However, prior to October 11 2014, GHS/MHS contracts had no expiration and old contracts are not affected. However, the new contracts and rentals those are mined or purchased after October 11 2014 are now limited in term of 5 years going forward. You can see your history tab for expiration dates.

Hashrate

Hash rate is known as the speed at which a calculation is completing any operation in the Bitcoin code. However, a higher rate is ideal when it comes to mining as it increases your chances to find the next block as soon as possible and receiving the reward in return.

Withdrawal

Eobot currently only allow withdrawals in cryptocurrency. You can withdraw your profit in BTC, LTC, ETH, DOGE, BCH, DASH, XRP, BTS, GNT, XEM, CURE, XMR, XEM, FCT, ZEC, STEEM, BCN, MAID, LSK, GRC, and USD.

However, you can’t deposit or withdraw your money in real currency which is also known as EUR/USD/GBP/JPY/RUB/CNY. It is due to the international law that Eobot doesn’t allow you to deposit or withdraw money in real currencies also known as fiat. There are MSB and FinCen in the USA. However, in Europe certain countries have banned cryptocurrencies and banks are not allowed in China to transfer cryptocurrencies. However, there are chances that laws may change in the future.

Eobot is not responsible for hacked accounts or if you share your password to a third party vendor. It is recommended that you should never share your password with someone or use the same password for multiple website. However, it is only your responsible to make your password secure, ideally a password which is 12 characters long, mixed case, special characters and numbers. You should never share your password with anyone.

This platform works with third party mining sites and other third party providers. As those third party sites and providers and you need to understand the fact that Eobot has no control over external and internal activities that are affecting those third party providers and sites. However, you need to understand the fact that company will not be liable for any losses that occur by you such as a particular loss in the value of a coin, or a particular coin becoming non-existent or any other loss.

You need to understand that any internet related website including those party sites and providers that company uses or does business with, are subject to any loss due to hacking, or any fraud either internal or external, government or administrative actions, mismanagement, acts of God like natural disasters, or policies and procedures, war or civil strike; company will not be liable for any such loss incurred by you in any of the above circumstances that are out of the company’s control.

It is not a bank nor is it a wallet. However, you can withdraw your coins instantly and do not let them accumulate. This is a secure platform and it is not responsible for the loss of cryptocurrency to third parties by actions that are beyond the reasonable control of a company. In any event, company will never be liable for the stolen or lost virtual coins at the hands of third parties that are beyond the reasonable scope of company’s control. Just in case, if any loss occurs due to the fault of company, you agree to damages for any alleged loss that is set at $1.00 per account.

However, it is a secure platform and it has never been compromised. If your account was hacked, then you should change your password and turn on 2FA. You should turn on email notifications. There are various fraudulent Bitcoin sites that are working online, and most likely, you may used the same password on another site and it is recommended that you should never re-used your passwords.

However, it is not difficult to withdraw from the site, you just need to go to the withdraw page and put the amount you wish to withdraw as well as which address to withdraw it too. You just to fill these instructions and you are good to go. It will be helpful for you to get the withdrawal easily and it is not difficult to withdraw your desired amount. You will easily learn how to get your withdrawals from the site.

Payout

The first and most famous service provided by Eobot is their Bitcoin cloud mining service. This cloud mining service completely eliminates the need for dedicated mining hardware as well as offers miners the ability to let the platform mine for them in the cloud.

This platform offers immediate Bitcoin cloud mining results with updates every 60 seconds and makes it easy for users to invest in fractions of cloud instances. However, payouts on this platform can be displayed in any cryptocurrency and it also offers rental terms that vary from 24 hours to 5 years.

Cloud mining offered by this platform delivers 1.0 GHS per 1.0 cloud instance owned and it is subjected to maintenance and electricity fee.

One of the more interesting and popular services provided by this platform is their Cloud SETI service. This platform makes it possible for users to leverage the vast processing power of the platform to assist in the search of space life by combing through large amount of radio telescope data.

However, there will be no maintenance or electricity fees for Cloud SETI services which are purchased using BOINC Point Per Day. Users that contribute in Cloud SETI services are provided with Grid Coins and participating in this project is a huge charitable action. However, this platform warns the users that they shouldn’t expect these received Grid Coins to pay for their investment.

Lastly, this platform also offers a faucet that provides users with free Bitcoin, Dogecoin and other cryptocurrencies on a daily basis. This platform also offers complete API documentation that delivers free, fast and unlimited use.

Eobot is one of the most famous and reputable cloud mining platforms available online and it presents clear and understandable pricing. The results offered by this platform are wholly transparent and when they are combined with the chance to donate the clock cycles to charitable projects like SETI and Folding at Home, they are solid reason to choose them for cloud mining provided.

You can also withdraw fairly small amounts like 1 Steem to ensure that this site is really paying. You can try it several times to make sure you are at the right platform. You just need to set the threshold for a payout.

However, there is a referral scheme offered by the company and if someone signs up with your provided then you will get 1% of the amount that they choose to mine. Of course, your referrals will have to buy some mining capacity to start mining. You can easily get some without paying by using their faucet. It is available once a day and it will give you a tiny amount of whatever you have selected to mine. It is about 500 Satoshi at the moment, but within a time frame of few days you can build up enough to buy a little amount of mining to get started. Then just leave it running.

Beside bitcoin, they also accept payments that are made by American Express, MasterCard, Visa, JCB and Discover cards.

Login

Eobot can be the ideal approach to mine different cryptocurrencies like Bitcoin, BlackCoin, Litecoin, Dogecoin, Namecoin, BitShares, Reddcoin, StorjcoinX, CureCoin, Counterparty, Monero, Bytecoin, Lumens, NXT, Peercoin, Ethereum and MaidSafeCoin. You can use their Cloud Mining service or your own hardware, you can mine any cryptocurrency. However, it is not dependent on if it is based on a SHA-256 or Scrypt Algorithm.

eobot login

There are few simple steps you need to follow if you are looking forward to create an account on Eobot. All you really need to create an account is an email address. It is recommended that you should use an email of your PayPal account because you earning will be sent to this account. The account is created with the purpose of tracking your balance and sending it to your PayPal account. You can download the software online from the website. Once, you are done with downloading the software you will have to install it to a directory of your own choice and run the eobot.exe file on your computer. The earning will be dependent on your computer. Therefore, running the computer will tell you in real time how much you are earning.

So now you have an account to start mining. Where you have logged into your account, you need to go to the account page, here you will find overview of all of your coins and mining power.

Your first bit of mining will come from the faucet of Eobot. You can make use of this faucet to make 1 claim every day. The selected thing you are mining will be given with the help of the faucet. Let’s say you are mining bitcoin and you will claim using the faucet, you will get bitcoin from the faucet. You will need to set your account to mine mining power and then you need to go to the faucet and claim your first mining power. It is recommended to claim this everyday on mining power to get it as high as possible. However, you will also get 1 Dogecoin every single day upon logging in. Once you have your first mining power you can make a decision about what to mine.

First of all you need to upgrade your mining power. However, mining the mining power works a little slower than mining coins. So you will need to choose to mine diverse by choosing the diversity option on the account page. For newbie, it is ideal to choose Dogecoin and GHS, you can choose them and click save. From now on you will be mining the Mining power and Dogecoin. However, it is not a must to mine Dogecoin and if you prefer to min another coin then it is totally up to you. Once you are done with setting up your account, you will mine with the power you have, which will increase day by day by mining and using the faucet. You will also have a bit of Doge being mined. Now you can use this to exchange it for mining power. There are various types of mining power sha or scrypt. Some coins can be mined faster with the specific mining script. You can check the specific page of each coin on the platform for information. It will be helpful for you to know that which gets mined with what mining power.

Once you know which coin you want to mine, it will be helpful for you to know that which mining type you need to use and how it will be helpful for you to earn more. After you have made up your mind, go to the account page and click on the exchange button and select your coin to exchange from the menu and the mining power. Once you are done with it, the page will be refreshed and it will show you the amount that will be exchanged. The amount includes what you get for it and how much transaction will be deducted. However, 5% is the lowest transaction fees so it is recommend mining a coin with 5%fee to minimize the transaction fee costs. When you still wish to upgrade your mining power, you will have the best time to exchange for 5 year rental. However, this platform also offers 24 hours contract but it is totally up to you.

Cloud Mining

What is mining? Briefly, mining is the working or processing of the transactions of virtual currencies like Bitcoin. However, the records of these transactions are known as blocks. They will be added to the other transactions which in turn will transform it into Blockchain.

At first, mining of bitcoin was done by CPU of single computers and after this we made use of GPU (graphic cards) to calculate the data. The process is heavy now and we need ASIC mined. As the tools used for mining started to be too costly for the average Joe (the Antminer S9 is around $5k per unit), some companies like Eobot started to offer cloud mining. In short, these companies will rent their ASIC miner to someone who is able to afford it. In this business, there are a few legit mining enterprises like Eobot, Genesis, Minegrate and Hashflare.

Eobot is the most famous and well-known service that has been available since 2013 and now it has around 8, 00,000 users. They offer different contracts and their GHS 4.0 Bitcoin cloud mining contracts do not seem so bad at the moment if we’ll consider the current market situation. However, they are also offering some other interesting service like 24 hours Cloud mining. You can make use of this feature to get five times the regular speed.

Cloud mining takes the concept of mining further and offers miners the ability to rent mining hardware from different data centers. Nowadays, these solutions are extremely common when it comes to the cryptocurrency mining ecosystem. However, they are typically provided by platforms that are located in regions that are having low cost of electricity to make them optionally feasible, such as China.

However, it can be difficult to identify a good investment when it comes to choosing a cloud mining platform. There are many scam platforms that claim to offer cloud mining services but in return they only offer Ponzi schemes, high yield investment programs or a simple fraud.

Eobot is a relatively long-term player when it comes to the cloud mining environment of cryptocurrency and it has been offering a large range of cloud mining services since 2013. When it comes to choosing a platform for cloud mining, you will need to go for this platform as it is ideal for those who are looking for a simple and straightforward platform for cloud mining. The contracts offered by this platform are also ideal to start mining with it.

eobot dashboard

App

Eobot is a user friendly platform for all those users who are looking forward to invest in cryptocurrency and start mining to earn some extra income. However, when it comes to choosing a platform it is ideal to begin with this platform because it is ideal for all newbie and expert miners. If you are a newbie to mining and don’t know how to generate good profits then you surely need to use it as it is helpful for all the new users to understand the concept of cloud mining and how they can mine to generate better profits.

It doesn’t matter if you are an Android user or I phone user. It is super easy to download this app from App store or play store. You can login easily with the help of you email address and start mining. This app is user-friendly and you will easily get the concept to make use of this app for mining. This app will allow you to easily mine by sitting at the comfort of your home. There is no need to spend a large amount of cash to buy some gadgets for mining while you can make use of this easy to understand app to start mining.

You can start mining with as little as $10 with immediate mining results.

Coins That Can Be Mine

Eobot is the cheapest, easiest and ideal way to get or mine a large range of coins. You can make use of this platform to mine coins like:

·Bitcoin

·Litecoin

·Ethereum

·Dagecoin

·Bitcoin Cash

·Ripple

·Golem

·Dash

·CureCoin

·BitShares

·Monero

·NEM

·Factom

·Zcash

·STEEM

·Bytecoin

·MaidSafeCoin

·Lisk

·Ethereum Classic

·Gridcoin

·USD

It is not compulsory to make use of this platform for cloud mining but you can use your own hardware to mine any cryptocurrency without worrying about if it is based on Scrypt Algorithm or SHA-256.
Bitcoin Mining

Let your computer relax and make use of Eobot cloud mining service to mine bitcoin without paying little respect to buy a new hardware. Cloud mining should be taken as a fun or spare time activity and it shouldn’t considered a source of income or investment. Investing in cryptocurrency involves huge risk, including possible loss of capital.

In additions the general risks that are associated with investing in mining, cryptocurrency mining investments and related tools may engage risk of capital loss from any unfavorable fluctuation in the values of cryptocurrency, policy risks, exchange related risks, market price fluctuation, liquidity and demand. You can make use of this platform Bitcoin mining but it is not recommended to rely on mining as a source of income but you should consider it as a fun activity. However, Bitcoin mining will be helpful for you to earn more Bitcoin by making use of cloud mining.

Earnings

Eobot can’t gurantee the credit that are paid by device will stay the same in the future because they may go up or down. This is considerably true because the credits are fixed to the complexity in mining Bitcoin and Litecoin, where if history is any indication, increases at a great rate. Earned credits are also connected to the market value of cryptocurrencies. Your earning will be dependent on the market value of a coin you are mining in.

Fees

The approximate price for 4.0 GHS is $0.00021/GHS/Day and you can expect your account to be held for at least 6 months if you are making use of your credit card. But when it comes to the electricity and maintenance charges you can expect a fee of approximately $0.00021/GHS/Day for the 4.0 GHS and S9.

Every minute fee will be removed and deducted from your potential mining payouts. Your balance will be available on the site and it will reflect your payouts after the fees have been deducted.

The rented hardware from the company can directly mine to the pool of a user with MyPool application. It will be helpful to reduce the maintenance fee to 0% and allows the users to mine coins that are not even supported by Eobot. Users can also avail 24 hours rental i.e. 1TH/s for SHA256 algorithm costs 0.0030 BTC around 33.64 USD and 1GH/s for Scrypt algorithms costs 0.2BTC which is around 2242.43 USD.

The maintenance fee is always included in the mining fee and it changes regularly. It can be calculated by the monthly cloud mining charge divided by Alloscope calculator earnings. The mining of a coin is terminated when a fee reaches 100% on a cryptocurrency and on a mining rig. Only if the fee increases to 99% the mining can be continued.

eobot BTCWhat People Say On Reddit

Eobot is famous among people who are looking forward to invest and get profits from cryptocurrency mining. This platform has been providing cloud mining services to the users since 2013 and so far it has more than 8, 00,000 users and they are going with every passing day. Some people call it a scam but it seems like they haven’t used it for mining or they might have not used it with proper strategy but the reality is more than 90% people are happy with the services of this platform and they are happy that they made use of this platform for their mining needs.

It is obvious that this platform can’t please every single user but as it is said “Majority is authority”, so more than 90% users have provided their reviews and proved that this platform is legit and people are happy with the services provided by the platform. However, if you are looking forward to choose an ideal platform for cloud mining then you surely need to check user reviews on Reddit to make a perfect decision.

Is it Safe?

The Eobot cloud mining service was introduced back in April 2013 and they are still running their operations in 2018. They don’t make any false promises to their users and there is nothing like any promotional scheme offered by them. However, you can earn some profit with the help of referral scheme. The withdrawals minimum limit is too small and maximum limit is unlimited which means you can withdraw all of your money within a day. The service clearly say that their cloud mining service should be taken as a fun or recreational activity and it shouldn’t be considered as a source of income or investment. So, it makes reasonable promises with the users and does not try to make you believe that you will ROI in no time.

They will not simply take their clients’ fund and run but there are no long-term guarantees provided by the company in this regard either. However, like any cloud mining scheme or faucet they are most likely not so profitable and they are first to admit this fact. By keeping all these in mind, you need to ask yourself if you really want to pour money into this operation.

Is It Legit?

In order to create the review we have checked the reputation of this platform on various sites and we have found that majority of people are talking in favor of this platform. We have found that it is safe for the users and does not look fraudulent. After reading all the reviews and checking different sites we think that this platform is legit.

One thing that is clear to declare it as legit is that they are transparent to their users and there are not fraudulent schemes offered by this platform. However, there are various users that are happy with the policies of this platform and they have clearly mentioned everything on their website. You can check the website to know more about the platform. One thing that makes it suspicious is that the founders of this platform decided to stay anonymous but on the other hand this platform is working since 2013 and there is no doubt that you can make use of this platform for cloud mining services as long as people are happy with the services provided by them.

Is It a Scam?

When you are investing online there will be a doubt in your mind if a platform is legit or not? Will it pay you? Is it transparent? Is it paying to its current users? What is the minimum and maximum limit for the withdrawals? What are the fees? Are there any hidden charges?

Well, these are the few questions that are necessary to ask yourself before making any investment. These questions will help you to make your decision. As far as we know that many users are happy with the services provided by this platform which means it is legit. When it comes to paying, many users are happy with the immediate payouts that are offered by Eobot. However, when it comes to the transparency, this platform is truly transparent to the users. If we’ll talk about the minimum withdrawal limit then it is offering very little amount to make withdraw and the maximum limit is unlimited which means you can withdraw all of you balance within a day. The company has clearly mentioned all the fees that are charged by them for their services provided to the users. However, there are not hidden charged that are being charged by the platform or complaint by any of the users.

So, after reading all these it is clear Eobot can be an ideal platform for you if you are looking forward to choose cloud mining services in order to mind cryptocurrencies. You need to check other reviews as well before making a final decision. We hope that you will get the enough information about this platform after reading this article.

If you are a newbie to cloud mining then we wish you all the best.

why choice eobot

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