Overall, for its primary user base, which is mining pool operators and cloud mining pool users, Eobot provides an easy to use and complete suite of tools for mining, transacting and exchanging cryptocurrencies via cloud-based services. Eobot, is a cloud mining service and cryptocurrency exchange launched in 2013 in the USA. Eobot is browser-based, but also has apps available for both Android and iOS. One veteran cloud mining operator, Eobot, is a firm favorite among cloud miners, and in this article, we’ll take a look at why this cloud mining and exchange service has stood the test of time. Mining Bitcoin and other Proof of Work (PoW) cryptocurrencieshas traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins.
Bitcoin Cloud Mining
Blokt takes a look at why this crypto exchange and cloud mining service has stood the test of time. At this point I started looking at cloud mining, there were the obvious big players like Genesis and Hashflare, but Eobot for some reason appealed to me more.
Whether or not you use our Cloud Mining or your own hardware, you can mine any cryptocurrency, regardless if it is based on a SHA-256 or Scrypt algorithm. The coin is removed from the list of mined coins when the fee reaches a 100% on a particular mining rig and for a given cryptocurrency.
Eobot makes it easy for the user to choose which algorithms they want to use and how they would like to receive their payout. Once a block is mined, the coins will immediately appear for the user and the Eobot service will provide mining updates every 60 seconds.
They provide a service to mine Bitcoin and over 20 different altcoins such as Ethereum, Dash, Litecoin etc. There are quite a few Eobot available cryptocurrencies that you can get at the moment. However, the only bitcoin is available for cloud mining. However, while mining BTC, you can exchange it with any other crypto, on spot. Thus, in a way, you can mine ETH for example – just not directly.
The same case applies that a user can deposit a different crypto or altcoin and exchange it with another to mine a different coin. The exchange charges a flat fee of 5% fee for every trade during the exchanging of coins and tokens. Withdrawals and deposits are also subject to separate mining fees depending on the blockchain in which the tokens are hosted or operate. Eobot is currently boasting of user base and millions of API hits every day and over 8 PHS of SHA-256 mining capacity running and sold to users.
However, the actual amount will depend on the many gigahashes per second (GH/s) users require, and what model of Antminer hardware (a type of ASIC) mining runs on. BitcoinAverage.com is proud of the fact that we were the first global price index in the cryptocurrency and blockchain industry, and have proven over the years to also be one of the most reliable. It is considered by most as the de facto standard bitcoin price index. It is trusted by thousands of users across hundreds the world’s leading websites, apps, services and businesses.
Users do not need to buy the complete hashing power of one rig. Eobot easiest, cheapest, and best cloud mining solution.
It provides rental for mining hardware and the rented EOBOT hardware can be used to mine cryptocurrency into the renters’ account through the MyPool application. With this hardware and application, users can mine at 0% maintenance fees and can even mine cryptocurrencies not supported by EOBOT. To rent this hardware, 1 TH/s for SHA256 algorithm costs 0.0030 BTC (2.63 USD) and 1 GH/s for Scrypt algorithms costs 0.2BTC (175.58 USD). The customer does not need to wait for the payout period as the coin mined will appear on their account immediately. It also features a real-time cryptocurrency exchange that allows users to exchange any supported crypto between each other.
However, the ROI you can get out of it relies very heavily on bull runs within the crypto market. Thus, Bitcoin cloud mining contracts come off as slightly expensive, with ROI spanning between 1.7 and 3.7 years. Yet again, you do get the money back during price surges, mostly under two year period. Compared to the top cloud mining platforms, Eobot comes off as an expensive alternative. This is mainly due to the maintenance fees and an expensive up-front contract price.
Why choose Eobot?
- Whether or not you use our Cloud Mining or your own hardware, you can mine any cryptocurrency, regardless if it is based on a SHA-256 or Scrypt algorithm.
- The coin is removed from the list of mined coins when the fee reaches a 100% on a particular mining rig and for a given cryptocurrency.
Their crypto exchange is helpful for those users who plan to switch the coins they are mining or those who want to withdraw a different coin from the one mined. Since there is a native exchange, one is able to exchange their crypto if they wish to withdraw a different type of coin or altcoin from the one they mined.
Cloud mining allows users to mine cryptocurrencies using a remote datacenter, through a third party Cloud Mining service. Although fees are typically high for cloud mining, with the mining service receiving a large portion of mined funds, it allows users to mine cryptocurrency without buying expensive hardware. Eobot, is a long-time cloud mining operator and a favorite among cloud miners.
For example, users that were mining Ethereum could swap there ETH tokens via Eobot for BTC or any other supported crypto. At Eobot, the maintenance fee is always a percentage of the mining fee and as expected, will change over time. As can be seen, this turns out to be a high maintenance fees compared to other services. In fact, both the maintenance and cloud mining fee may total to around 50% of the user’s earnings.
Eobot, a cryptocurrency cloud mining company, will not serve customers in New York State as of July 1, 2015, on account of the recently finalized New York State BitLicense requirements. Eobot supports a wide range of cryptocurrency assetsThis is especially beneficial for cryptocurrency miners, who may switch the coins they are mining frequently to remain profitable.
Pull our Historical Bitcoin exchange rate data in JSON or CSV format, stretching back 6 years, with 3 levels of granularity. Getting into cloud mining is quite a simple task, as you will see in this Eobot review. The platform in question offers the service by providing daily payouts, which we investigate in-depth. Here, you can find Eobot company information, available cryptocurrencies, details on how to go through account registration & verification, as well as cloud mining plans and fees. Eobot has been running since 2013, making it one of the older cloud mining services.
You can literally start mining for free using their faucet to get drip fed a small amount of coin or GHS per day. The trick is not to mine coin straight away, but to reinvest your current GHS for more 5 year GHS, this causes exponential growth over time. You have the option to deposit coin and convert them to more GHS as well as using your own hardware to mine their pools, which adds to your hashing power. I added my GTX 1080ti and wasn’t getting great figures so stopped after 3 hours, didn’t spend much time on it so could have possibly improved with some effort. Users on Eobot can sign up for mining contracts that can last as short as 24 hours, or as long as 10 years.
“Thanks friend. Love your service, fast, easy, and safe!”
Other features include the ability to select any displayed cryptocurrency as a payout option. Eobot also runs a faucet to allow users to earn free cryptocurrency and they have the option of users renting hardware for scientific and medical applications. Eobot (eobot.com) was launched in 2013 providing Bitcoin and Altcoin cloud mining services from the United States. Start Bitcoin cloud mining or exchange with Eobot, and stay tuned for new updates at Epay platform on site via “News” section as well as official Facebook and Twitter pages.
Start with as little as $10 using PayPal and choose between any cryptocurrency including Bitcoin, Litecoin, Peercoin, Namecoin, Feathercoin, Dogecoin, NautilusCoin, and Vertcoin. Looking for the Eobot company information, it is easy to see why it lasted for a long time. Namely, its operations started out in 2013 as a trade/exchange website for crypto investors. Even now, you can deposit and withdraw several cryptos, including BTC, ETH, LTC, BCH, and 18 more.
You blocked @eobot
The same should treatment applies for the case of fees to each customer — they advise the customer to disconnect and cancel the contract. For instance, as the difficulty of Bitcoin (their SHA-256 follows Bitcoin difficulty) has increased over time, it is now not feasible to mine with ASIC Antminer Models S5, S7, and S9 through Eobot because the fees have clocked 100%.
ShapeShift, the Switzerland-based cryptocurrency exchange, announced last week that it is suspending service to residents of New York State on account of the BitLicense regulation, according to crowdfundinsider. Erik Voorhees, founder and CEO of ShapeShift, said BitLicense collects an “Orwellian” amount of information on users and creates security risks. He said BitLicense regulations “re-connect” personal information to transactions that would be anonymous otherwise. Hence, he sees these regulations as creating a cybersecurity risk.